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Anarel [89]
3 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]3 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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3 years ago
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3 years ago
ncreased government spending spurs a short-run expansion. Over time, aggregate supply eventually __________, returning the econo
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If increased government spending spurs a short-run expansion. The statement that complete the gap is:<u> Shifts to the left</u>, <u>Output endresources.</u>

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7 0
2 years ago
In 2012, Teller Company sold 3,000 units at $300 each. Variable expenses were $210per unit, and fixed expenses were $120,000. Th
katrin [286]

Answer:

Teller's break-even point in sales dollars for 2012 is $400,000

Explanation:

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

Break even point (in dollars) = (Fixed expenses) ÷ (contribution ratio)

where,

Fixed expense is $120,000

And, the contribution ratio equals to

= (Contribution per unit)  ÷ (sales per unit) × 100

where,

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3 years ago
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