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)
Answer:
Democratic leadership
Explanation:
Democratic leadership defines that the leader motivates his subordinates to come up with suggestions and alternatives for a specific issue. Then, based on the number of votes received from his group members, he chooses the best choice for a specific alternative choice.
Therefore according to the given situation, Chang meets with his whole team who is a specialist team in designing and find out the ideas for which they implement on the project. Designers bring concepts with them and everybody votes. So this style of Chang is called Democratic leadership.
Answer:
to Smith only, or Jones only, or Smith and Jones
Explanation:
In this specific scenario, a proper indorsement of the check would be to Smith only, or Jones only, or Smith and Jones. That is because a check needs to be as specific as possible and cannot have various options. The check needs to be made to a single specific individual and if it is for more than one individual then both need to be included as a requirement (and). Making it so that both recipients must cash the check together for it to be accepted.
Answer:
Constant, Decreases, Increases
Explanation:
I think the answer for your question you have to divide then you get 6,000
