Answer: that means you got 3/4 worth of supplies that were purchased.
Explanation:
So the way you did this problem is so weird and is not understandable
Answer:
The correct answer is True.
Explanation:
Economic efficiency is the efficiency with which an economic system uses productive resources to meet its needs. According to Todaro the concept means in matters of "production, use the factors of production in combinations of lower cost, in consumption, allocation of expenses that maximize consumer satisfaction (utility)".
Economic or income equality, social equality and cultural equality would be achieved if economic, social and cultural rights - second generation human rights - are fulfilled. Equity or equal resources is essential both to fully exercise civil and political rights and to have a decent life.
The statements that are true about deposits is:
A. Deposits increase the checking account balance
C. Deposited money can be transferred electronically from one bank to another
E. You can deposit a greater amount than the balance in the account
D. You cannot make a deposit at a ATM. This is false because with an ATM you can make a deposit into an account. If you were using a credit card, there is no account to put money into, it just charges to a card you have to then pay off.
B. A deposit is money that is subtracted from a bank account. When you deposit money, you are adding money into a bank account. When you withdraw money you are subtracting money into a bank account. Because this question refers to subtracting from a bank account, this is false.
I think its true the most
Answer:
B. accounting profit = economic profit + implicit costs
Explanation:
Implicit cost are the cost that already incurred but is not necessary to report such as opportunity cost. Whereas explicit cost are those expenses which involve the financial transaction and it is being paid.
Accounting profit is calculated by deducting the explicit cost from the revenue as follow.
* Accounting Profit = Revenue - Explicit cost
Economic profit is calculated by deducting both explicit and implicit costs from revenue.
Economic Profit = Revenue - Explicit costs - Implicit cost
So, using Accounting profit formula we conclude that
Economic Profit = (Revenue - Explicit costs) - Implicit cost
Economic Profit = *Accounting profit - Implicit costs
Accounting Profit = Economic profit + implicit cost
