Answer: D. Since Hiro’s economic profit is negative, he would be better off if he didn’t operate the consulting business and taught economics instead.
Explanation:
Economic Cost is calculated by taking into account all costs, both Implicit and Explicit. Implicit Costs are also known as Opportunity costs and are referred to as the income you could be earning if you were doing the alternative.
Hiro's Economic Cost can hence be calculated by,
Economic Cost = Implicit costs + Explicit Costs
= (50,000 + 100) + 57,000
= <em>$107,000</em>
Subtracting that from his Revenue per year gives,
= 100,000 - 107,000
= -<em>$7,000</em>
Hiro is experiencing an Economic Loss by operating his business and would be better off Teaching Economics at the small local college.
Answer:
Effect on income= $400 increase
Explanation:
Giving the following information:
Product A Product B Total
Revenue $ 9,400
Variable cost (9,800)
Fixed cost (allocated) (2,100)
Operating income (loss) $(2,500)
Effect on income= operating income - fixed costs
Effect on income= -2,500 + 2,500= 400 increase
A secure password is what a website considers secure. Depending on the requirements of the website the requirements for the password to be considered secure could differ. It's smart to make sure a password doesn't contain any important information within the password and that it is unique to you. You also want to make sure it's not something someone can easily guess.
Holding a meeting late on Friday<span> afternoon just before closing an office may create internal noise </span><span>that will interfere with your message. Internal noise </span>are<span> thoughts or emotions that may distract a person to do a task. In this situation, the attendees of the meeting would probably be thinking already of their plan for Friday night; </span>therefore<span> distracting them and creating internal noise.</span>
