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Anarel [89]
4 years ago
8

2. Working with Numbers and Graphs Q2 Kevin is a baseball player who earns $800,000 per year playing for team X. If he weren't p

laying baseball for team X, he would be playing baseball for team Y and earning $720,000 per year. If he weren't playing baseball at all, he would be working as an accountant earning $115,000 per year. Kevin’s economic rent as a baseball player playing for team X is $ . His economic rent as a baseball player is $ .
Business
1 answer:
ddd [48]4 years ago
4 0

Answer:

The economic profit will be of 80,000 as We have to discount the opportunity cost, which is the best alternative to each factor. In this case Kevins potential wages if not playing for team X would be team Y which is 720,000 therefore the economic gain for playing in team X is 80,000

Explanation:

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What do economists call the situation where a hired manager does not have the same interests as the owners of the business?
nirvana33 [79]

When a hired manager does not have the same interests as the owners of the business, economists call it a principal-agent problem.

A principal-agent problem occurs when there is a conflict of interest between the owner(s) of the asset and the hired representative. This happens when a degree of control and decision-making is delegated to the hired individual. The risk that they will make decisions that are contrary to the owner’s best interest is called agency costs and is carried by the owner. It is the owners' responsibility to provide incentives for the hired manager or individual to act in favor of their same interests.

While the options are incorrect because:

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  2. A financial problem: Financial problems refer to monetary problems including, excess debt, lack of savings, struggles with daily living, and bad spending habits.
  3. A financial intermediary problems: A financial intermediary is a third party hired to manage and conduct financial transactions between two parties and are legally obliged to follow certain policies and guidelines.

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6 0
2 years ago
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strojnjashka [21]
4. A sole trader is someone who runs a business on their own, but they may employ people. A partnership has 2-20 people who run a business
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4 0
3 years ago
The portfolio that contains the average return on a combination of market index with the same beta is often called _____________
elena-s [515]

The portfolio that contains the common return on a mixture of market index with the same beta is often known as protection market line.

<h3>Is safety market line the same as CAPM?</h3>

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<h3>How do you study a security market line?</h3>

The two-dimensional correlation between anticipated return and beta can be calculated via the CAPM formula and expressed graphically via a safety market line, or SML. Any protection plotted above the SML is interpreted as undervalued. A safety under the line is overvalued.

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5 0
2 years ago
Which is not a way you can check your account balance?
posledela

Answer: Which is not a way you can check your account balance? Contact the FDIC/NCUA. What is a transaction that has not been processed yet by a financial insitution? A pending transaction.

Explanation:

5 0
3 years ago
The Coffee Express has computed its fixed costs to be $.48for every cup of coffee it sells given annual sales of 145,000 cups. T
dlinn [17]

Answer:

57,049 cups

Explanation:

The formula to compute the break-even point in units is shown below:

Break-even point in units  = (Fixed cost) ÷ (contribution per cup)

where,

Fixed cost = Number of cups × fixed cost per unit

                 = 145,000 cups × $0.48

                = $69,600

Now the contribution per unit equals to

= Selling price per cup - variable cost per cup

= $1.29 - $0.07

= $1.22

Now put these values to the above formula  

So, the value would equal to

= $69,600 ÷ $1.22

= 57,049 cups

8 0
4 years ago
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