Answer:
If all the resources of an economy are fully used, more of one item could be produced only if less of another item is produced
Explanation:
The concept of production possibility curve shows the different commodities that can be produced in a given economy, given the prevailing level of technology, if all available resources are efficiently utilized. The idea behind production possibility curve is that in other for in order to produce a particular commodity, the production of another commodity has to be scarified provided that i.e if all the resources of an economy are fully used, more of one item could be produced only if less of another item is produced
Answer:
Accounting profit = 120,000
Explanation:
Accounting profit = total revenue - explicit costs
Accounting profit = 72*10,000 - 60*10,000
= 720,000 - 600,000 = 120,000
Answer: i think a career path
Explanation:
Answer:
Net profit $15,000
Explanation:
Total Cost Saving and Benefit of Buying outside
Total Cost Other than fixed cost $95,000
($12 + $2 + $5) × 5,000
Fixed cost $15,000
($3 × 5,000)
Additional income $40,000
Total saving $1,50,000
Cost Of buying $1,35,000
($27 × 5,000)
Net Benefit $15,000
($150,000 - $135,000)
Answer:
2.$19,500.
Explanation:
The computation of the amount of dividend is shown below:
As we know that
Ending retained earning balance = Beginning retained earning balance + net income - cash dividend paid
$13,000 = $13,000 + $6,500 × 3 years - cash dividend paid
So, the cash dividend paid is $19,500
We simply applied the above formula
Hence, the correct option is 2.
