Zippy's economic profit is $80,000.
Economic Profit = Revenues - (Explicit Cost + Implicit Cost)
Implicit cost or opportunity cost refers to the loss an individual incurs from an alternative decision, as a result of making a decision.
In this question, Zippy's implicit costs are the $30,000 from his job at Joe's car repair.
Additionally, he loses the 10% interest he would have earned on his savings of $150,000 had he not started his business.
So Zippy's implicit cost is $45,000 ($30,000 + $15,000)
Explanation:
A company stakeholder can be either an individual group of people or an institution whose actions can affect a business or can be affected by the actions of that business. examples of those stakeholders include government, business, competitors, media groups.
Real estate Agent,is the right answer
A.
because as you're passing the page you are scanning it and looking for the answer
Answer:
False
Explanation:
A defined benefit pension plan is a type of pension plan where the employer gives a promise with respect to the particular pension payment that could be lumpsum for the retirement basis
Since in the question it is mentioned that the companies would not continue with the defined benefit plan and they move to the defined-contribution plans that save for the retirement so that it would create the more responsibility over the company due to this they would provide the retirement benefit but this statement is false as it is better to received the lumpsum amount
