Answer:
economic loss of $20,000 per year
Explanation:
The account teller earned an accounting profit = $40,000 per year, but actually has an economic loss.
economic profit / loss = accounting profit - opportunity costs
Opportunity costs are the costs or benefits lost from choosing one activity or investment over another alternative.
The teller's opportunity costs = $50,000 salary + ($100,000 x 10%) savings account = $60,000
economic profit/loss = $40,000 - $60,000 = -$20,000
<span>A customer expects a support technician to be knowledgeable, patient, and friendly. The support technician must be knowledgeable to the degree that they solve the issue at hand, but can also give basic information to a customer.</span>
Answer:
C. A giant mixing container costs twice as much to operate as a small one but can mix 6 times as much dough daily
Explanation:
Economies of scale refers to a state when increase in the output results out of lower average costs. The operation of such a phase results out of, the total cost getting spread over large number of units of production in the long run.
Economies of scale results when the operations of a business expand due to which a firm can buy in bulk, avail more discounts and concessions from the seller for inputs and the efficiency of the labor rises.
In the given case, if the bakery decides to purchase a giant mixing container, it might lead to economies of scale given the fact, with respect to costs, the revenues shall rise more.
Since the giant mixer is capable of mixing six times as much dough daily, it would lead to a reduction in the average cost accompanied by an increase in the output and thereby lead to economies of scale.
The answer is: "utility" .
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I’d take the first answer as it getting doubled by the number so after the 4th year you’d make $65,536 which already a better deal then the second answer
