Answer:
ii. Her accounting profit was $150,000
iii. Her economic profit was $50,000
Explanation:
The computation is shown below:
For accounting profit, it is
= Total revenues - total expenses i.e explicit cost
= $250,000 - $100,000
= $150,000
And, for economic profit
= Total revenues - total cost i.e explicit and implicit cost
= $250,000 - $100,000 - $100,000
= $50,000
Hence, the second and third options are correct
The producers create and market products to consumers, so the answer is producers
Answer:
Explanation:
<em>Classification of activities as value-added or non-non-value-added of Rich Novelty Company:-
</em>
(a) Machine setup - non-value-added
(b) Design engineering - value-added
(c) storing inventory - non-value-added
(d) Moving work in process - non-value-added
(e) Inspecting and testing - non-value-added
(f) Painting and packing - value-added
Notes:-
1. Value--added activities of a company processes that increase the observed value of a product or service to customers.
2. Non-value-added activities of a company processes that decrease the observation value its product or service.
Answer:
B. Higher interest rates in the United States relative to Canada.
D. Decreasing GDP in the United States than in Canada.
Explanation: A flexible currency market is market where the exchange rate is determined by some economic factors which includes
High interest rate- if the interest rate on the United States is higher than that in Canada most investors will be moved to Borrow money from Canada instead of Borrowing from United States leading to reduced demand for The United States dollar which will lead to depreciation of the United States Dollar.
Decreasing GDP- when the gross domestic product of the United States economy decreases the general productivity level in the United States is decreased which will discourage foreign investors from investing in the United States leading to reduced demand for the United States Dollar.
