Answer: See explanation
Explanation:
a. This occurs when a person's income exceeds his consumption. - This is savings.
b. This occurs when a person or firm purchases new capital. - This is investment.
1. You use your $200 paycheck to buy stock in AT&T. - This is savings since the money isn't used to make a capital purchase for ones business.
2. You borrow $1,000 from a bank to buy a car to use in your pizza delivery business. - This is investment as the car will be used for ones business. The consumption is made to help the business.
3. Your family takes out a mortgage and buys a new house. - This is investment as a new capital is bought.
4. Your roommate earns $100 and deposits it in his account at a bank. - This is savings as no consumption is involved.
Answer:
Point Guard, Center, Wing, high post, low post
Explanation:
Answer:
A) Tony's opportunity cost for spending 10 hours planting seeds is $250, since that is the amount he could earn be teaching guitar lessons.
B) Tony's accountant will calculate the cost of planting seeds at $130, since it includes only the cost of the seeds
C) Tony's accounting profit is $170 (= $300 - $130). Revenue from selling wheat - accounting cost of planting wheat seeds.
D) Tony's economic loss is $80 [= $300 - ($130 + $250)]. Economic profit or loss is calculated with the formula: economic profit = total revenue - (accounting costs + opportunity costs)