Answer:
$190,000
; $228,000
Explanation:
Accounting Cost:
= Salary of Jill + Labor costs + Insurance and mortgage payment
= $60,000 + $90,000 + $40,000
= $190,000
Economic Cost:
= Accounting Cost + Investment return lost + Loss in Salary + Loss in Rent
= $190,000 + $8,000 + ($80,000 - $60,000) + ($50,000 - $40,000)
= $228,000
Therefore, accounting and economic costs are $190,000 and $228,000, respectively.
Answer:
The correct answer is "Michael Porter".
Explanation:
Michael Eugene Porter is a professor at Harvard Business School and directs the Institute for Strategy and Competitiveness at Harvard Business School. He is known worldwide for his influence on business strategy, consulting, economic development of nations and regions, and the application of business competitiveness to the solution of social, environmental, and health problems.
Have a nice day!
Answer:
people face trade offs
Explanation:
Because wants are unlimited and the resources used to satisfy those wants are limited, people have to face trade offs. these trades off are opportunity costs.
Opportunity cost or implicit is the cost of the option forgone when one alternative is chosen over other alternatives.
In this question, the wants are a cell phone or an amplifier. the resource is $200. If the amplifier is bought, the cell phone cannot be purchased. This is an example of a trade off
Answer:
Inflationary
Explanation:
Inflationary condition is one on which the price of goods and services keeps on increasing. The purchasing power ofoney is reduced, you will need more money to buy a product.
In the college since 2000 turion has risen by 160%, meaning payment for college education is now more expensive.
Also family income used to pay tuition gas increased from 5% to 14%.
Answer:
C. Partnership Agreement
Explanation:
It's the legal document that dictates the way a business is run and details the relationship between each partner.
