Answer
The answer and procedures of the exercise are attached in a microsoft excel document.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
C. $71,000 instead of attending graduate school
Explanation:
Given that
Economic cost = 175000
Recall that
Economic Cost = Accounting (Explicit) Cost + Implicit Cost
Accounting Cost = Tuition + room + books
= 100000 + 20000 + 2000
= 122000
Implicit Cost = Opportunity cost of attending the school. So,
Assuming money earned from job = a
Then,
Spending if she gets the job = 18000 on room.
Therefore,
Implicit cost = a - 18000
We have
Economic Cost = 122,000 + (a - 18000)
175000 - 122000 + 18000 = a
53000 + 18000 = a
71000 = a
Remember
a = money earned from job
Thus
Money she could earn in 2 years instead of attending graduate school = $71,000
When an individual buy shares of a company's stock, They Gain partial ownerships in the corporation (option A)
If the individual buy 10 % of the total stocks, it means that individual own 10% of the company. If his ownerships goes above 50 % , he became a majority owner and basically can make all the decision in the company
Answer: $2.75 profits per bag
Explanation:
9.3/37 in order to find how much it costs her per bag to make.
This equals approx .25 cents
Then subtract this from $3 in order to get how much profit per bag she makes.