Answer:
$40
Explanation:
Profit made is the difference between revenue earned and cost incurred by an entity.
Marginal profit is thus a difference between the additional sales during the added time and the additional cost incurred.
As such, for the local restaurant;
Profit earned during the last hour given that for each additional hour is $404 and the additional revenue (the marginal revenue) during the last hour is $444
= $444 - $404
= $40
Answer:
a. Have a comparative advantage in some products.
Explanation:
France, Bolivia, and Taiwan have a comparative advantage in some products.
Answer: $1000
Explanation:
From the question, we are informed that Sally Eason put $4,000 in her deductible IRA this year and that Sally is in the 25 percent marginal tax bracket.
Based on the above information, the government contributed:
= 25% × $4,000
= 25/100 × $4,000
= 0.25 × $4,000
= $1000
Answer:
The correct answer is A
Explanation:
Vesting is a plan of retirement which means the ownership. In other words,vesting is the term which is described as the certain percentage of the account, will be vested or own by every employee in the plan each year.
So, it is best described as the how long the employee owns or vest any contributions of the employer to the pension plan of the employee.
Answer:
The correct answer is option D.
Explanation:
Even though the democratic republic of Congo is rich in natural resources while Switzerland has almost no natural resources, but Switzerland is among one of the richest countries while Congo is among the poorest.
This indicates that abundant natural resources are not the only factor required for economic growth. Other factors such as human capital, physical capital, state of technology, etc. are also necessary for economic growth. Abundant natural resources cannot be efficiently utilized without these factors.
Even if a country is not rich in natural resources but possesses these factors, it can still have high economic growth.
