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3 years ago

Total revenue minus explicit and implicit costs is called ::

1 answer:

4 0

Total revenue minus the costs of production, which are the explicit and implicit together, is profit. The answer is profit.

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Consider two cigarette companies, PM Inc. and Brown Inc. If neither company advertises, the two companies split the market and e

Tanya [424]

Answer:

Explanation:

If these two companies were to behave as individual profit maximizers, both company will advertise regardless of whether the other company advertises or not because their goal primary goal is to increase the profit and domination of the market.

7 0

3 years ago

John Fare purchased $6,000 worth of equipment by making a $1000 down payment and promising to pay the remainder of the cost in s

vesna_86 [32]

Answer:

C $ 596.39

total payment 7,156.68

Interest expense 2,156.68

Explanation:

6,000 - 1,000 = 5,000 amount to finance

We will calcualte the cuota of an annuity of 6 years with semianual payment at 12% annual rate.

$PV \div \frac{1-(1+r)^{-time} }{rate} = C\\$

PV $5,000.00

time 12 (6 years times 2 payment per year)

rate 0.06 (12% annual we divide by 2 to get semiannual)

$5000 \times \frac{1-(1+0.06)^{-12} }{0.06} = C\\$

C $ 596.39

The total amount paid will be the cuota times the time of the loan:

Total amount paid

596.39 x 12 = 7,156.68‬

The interest will be the difference between the total amount paid and the principal of the loan

Interest paid

total payment 7,156.68

principal (5,000)

Interest expense 2,156.68

7 0

2 years ago

Suppose the price of a pound of flax seed in west virginia is currently $1.00. the law of one price suggests that because the pr

Reptile [31]

Answer:

It will be between $1.00 and $ 1,20

Explanation:

Solution

Given:

From the given question, the price of a flax seed in west Virginia is presently at $1.00

From the law of one price states that since the price of a pound of flax seed is $1.20 in Kentucky,

Then,

The price of a flax seed pound will be between 1.20 and 1.00

Therefore, the price of the flax seed in Kentucky as compared to that of west Virginia will be placed in between prices of $1.20 and $1.00 after the supply by sellers in both market has been adjusted or raised.

6 0

3 years ago

Kurt works as a waiter at a restaurant that's part of a nataional chain, producer or consumer?

Likurg_2 [28]

Producer because they do work for the company, I believe

6 0

3 years ago

During the current year, Cary and Bill incurred acquisition debt on their residence of $1,300,000 and a home equity loan of $200

77julia77 [94]

Answer:

qualified acquisition debt = $750,000

qualified home equity debt = $0

Explanation:

Qualified acquisition debt refers to the debt incurred to purchase or build your home. In this case, Cary and Bill are allowed to itemize the interests paid for up to $750,000 of the acquisition debt ($375,000 if filing separately). This limit was reduced due to the TCJA of 2017, and will remain in place until 2025. After 2025, the limit will return to the normal $1,000,000.

Certain amount of interests on qualified home equity loans will also return in 2025, but currently they are not deductible.

8 0

3 years ago