Answer:
The correct answers are $40,000 and $13,500
Explanation:
The implicit cost of the business is $40,000 nothing for the entrepreneur's time plus $13,500 nothing for the entrepreneur's funds (enter your response as an integer)
The implicit cost indicates the cost of an asset rather than selling it or renting it out. In other words, the company has to give up by deciding not to exploit an asset. For this case $40,000
For the other line
15% = 0.15
$90,000 x 15% = $13,500
Answer:
D. customer service
Explanation:
Erica has kept on doing business with Abroad Standard, Inc. on a consistent basis which shows that she has overtime, gained satisfactory levels of dealings and thus, kept dealing with the said company. Customer service is thus, not one of the environmental forces that ASI needs to be mindful of with regard to the use of technology.
Answer:
Comparative advantage.
Explanation:
Comparative advantage is the ability to produce good and services at a lower opportunity cost compared to others , leading to lower selling price and competitive advantage over others .
Specialization is about concentrating on producing a few products in order to
build brands , expertise and gain maximum productivity leading to a reduction in selling price and a comparative advantage.
A. Bid/no bid decision
A "bid" is what contractors call their proposals, and in some cases it will not be worth it to even submit a proposal on a job. The stage where contractors decide if it is worth it is called bid/no-bid.
The main feature of this lesson is the equation P(x) = R(x) - C(x). Other important equations to remember are as follows: The breakeven point is when revenue equals cost, or when the profit is zero. Maximum profit will occur when marginal revenue equals marginal cost, or when the marginal profit is zero.
