Economic profit is calculated as:
Economic profit = Total Revenues – Total Cost
Total cost both includes explicit and implicit cost. In
this case, the explicit cost is $8,000 while the implicit cost is $64,000.
Explicit cost is a direct payment made to run the business while implicit cost
is the opportunity as accountant that is lost. Therefore,
Economic profit = $150,000 – ($8,000 + $64,000)
<span>Economic profit = $78,000</span>
An effective Boolean search strategy that Magda should adopt is the use of Boolean operators and emboldened keywords.
<h3>What is an Internet research?</h3>
An Internet research can be defined as a reearch methodology that involves the use of information that obtained from the World Wide Web (WWW) to investigate, analyze and reach a logical conclusion on a subject matter (topic).
<h3>The various methods of conducting Internet research.</h3>
Generally, there are different methods used by researchers to conduct an Internet research and these include:
- Online qualitative research.
In conclusion, an effective Boolean search strategy that Magda should adopt is the use of Boolean operators such as "Or" and "AND" so as to broaden the search results about flu.
Read more on research report here: brainly.com/question/26177190
#SPJ1
The euro is the common currency across Europe.
Answer: B- the change in total utility from consuming one more unit of a good
Explanation: Marginal utility is the change in utility that arises from consuming one more unit of a good or service.
Utility is the total satisfaction that occurs from consuming a commodity or service.
Average utility is total utility divided by the number of goods consumed.
