What are blueprints?

Hubert lives in San Francisco and runs a business that sells boats. In an average year, he receives $842,000 from selling boats.

aev [14]

Answer:

Explicit costs are normal costs of operating a business.

Implicit costs are opportunity costs meaning that they are the benefits foregone by engaging in a certain course of action.

The wholesale cost for the pianos that Hubert pays the manufacturer ⇒ EXPLICIT COST.

The salary Hubert could earn if he worked as an accountant ⇒ IMPLICIT COST.

The wages and utility bills that Hubert pays ⇒ EXPLICIT COST

The rental income Hubert could receive if he chose to rent out his showroom. ⇒ IMPLICIT COSTS

Accounting Profit = Revenue - Explicit costs

= 842,000 - 452,000 - 301,000

= $89,000

Economic Profit = Revenue - Explicit costs - Implicit costs

= 842,000 - 452,000 - 301,000 - 38,000 - 48,000

= $3,000

If Hubert's goal is to maximize his economic profit, he <u>should</u> stay in the piano business because the economic profit he would earn as an accountant would be -$3,000.

<em>Economic profit as accountant = Salary + rental income - accounting profit from piano</em>

6 0

2 years ago

Which of the nafta members benefited the most from this free trade agreement by securing preferential treatment for 80% of its e

aliina [53]

The Mexico NAFTA members benefited the most from this free trade agreement by securing preferential treatment for 80% of its exports.

NAFTA grow to be a landmark opportunity deal between Canada, Mexico, and America that took impact in 1994. It contributed to an explosion of exchange between the three nations and the mixture of their economies however have become criticized inside the united states of America. for contributing to process losses and outsourcing.

The correct solution is A) China. The North American unfastened change agreement, moreover called NAFTA, got here under pressure in 1994 and its crucial aim turned into selling, creating, and facilitating forex amongst Mexico, Canada, and the USA. consequently, China modified into now not protected in it.

U.S. farm exports to Canada and Mexico quadrupled from $eleven billion in 1993 to $ 40-three billion in 2016. 20 It made up 25% of usual meal exports and supported 20 million jobs. This change leveraged another $ fifty-four. 6 billion in enterprise funding. NAFTA improved farm exports because it eliminated immoderate Mexican price lists.

Learn more about NAFTA here brainly.com/question/27372794

#SPJ4

5 0

1 year ago

La misión de osha es?

laiz [17]

Answer: para garantizar en la medida de lo posible a todos los hombres y mujeres que trabajan en la nación condiciones de trabajo seguras y saludables ".

Explanation:

7 0

2 years ago

WILL NAME BRAINLIEST IF SOMEONE CAN HELP!!!

AveGali [126]

Answer:

Demand.

Explanation: Because the demand is how much or what they want while supply is how much they can give.

5 0

3 years ago

When Motorola first entered the Mexican marketplace, the company wanted direct control of salespeople in major urban markets but

ziro4ka [17]

Answer:

<h2>In this case,the answer would be option A. given in the answer choices or options or a company sales force; manufacturer's reps.</h2>

Explanation:

Motorola basically wants to gain higher control or authority over its sales force in the urban areas in Mexico to better handle and channelize its sales activities in the urban regions of the country to increasingly capture the urban consumer base.
Therefore,it will probably consider employing more or higher sales force in the urban areas to mobilize the sales activities in the targeted regions.
On the other hand,it is relatively less concerned about reaching the rural or less populated counterparts in the country, which reasonably implies that it will deploy manufacturer representatives in those regions as mobilization of sales activities is not the priority in this case.

8 0

3 years ago