1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Katarina [22]
3 years ago
14

Jillian runs a small printing business. She spends $2000 / month on ink, $30,000 a year on rent for the building, and $60,000 a

year on her two employees. Jillian makes $120,000 a year in revenue. If she wasn’t in printing, Elsie could also work as a consultant and make $80,000. Year. She could also earn $200,000 by taking advantage of her JD and be in corporate law. What is Jillian’s annual economic profit on the printing business.
Business
1 answer:
Alexxandr [17]3 years ago
8 0

Answer:

Jillian's annual economic profit on the printing business is $6,000

Explanation:

Cost of ink = $2000/month = $2000×12/year = $24,000/year

Annual rent = $30,000

Annual salary of employees = $60,000

Total annual expenditure = $24,000 + $30,000 + $60,000 = $114,000

Annual revenue = $120,000

Annual economic profit = annual revenue - annual expenditure = $120,000 - $114,000 = $6,000

You might be interested in
Melanie Gollick, nursing floor manager for Scripps Memorial Hospital La Jolla, says, "It’s the personality and being able to mes
ipn [44]

Answer:

The correct answer is b) Be able to use his or her skills.

Explanation:

Melanie Gollick believes that employees must be able to develop and use their skills to perform work in the hospital. But the use of these skills will depend on the personality of each person and the way they adapt to carry out group work.

Skills refer to a set of skills that each person presents, this ability may be different for each person, for example, a person who works in the health area in a hospital needs to be among their skills, work under pressure, follow instructions, empathy, adaptation, group work, among others.

<em />

<em>I hope this information can help you.</em>

5 0
3 years ago
Whenever the production of a good creates negative externalities, an unregulated market will result in:
sp2606 [1]

Answer:

Option (C) is correct.

Explanation:

In an unregulated market, negative externality results in a higher social marginal cost than the firm marginal cost because this market is not properly regulated by the government officials. Hence, these firms are not taking into account the effect of negative externalities in their cost.

We know that the consumer's decision is more offenly based on the point where the marginal cost is equal to the marginal benefit because they are not taking the impact of negative externalities.

If proper action is not taken by the government, negative externality will result in a market inefficiencies.

6 0
3 years ago
A company has set a low price on a new product it introduced. It wants to maximize its market share and attract a large number o
KATRIN_1 [288]

Answer:

A. Market-penetration pricing

6 0
2 years ago
Read 2 more answers
A plan for a career starting in two years:
r-ruslan [8.4K]

Answer:a) Will give you less opportunities than a career starting right away

wrong

Explanation:

6 0
2 years ago
Which of the following statements is true of pricing strategy? Avoid sale prices as they lead to price wars. An entrepreneur's f
yawa3891 [41]

Answer:

Most consumers decide on a product using price as the number one factor

Explanation:

Sale prices could make a market more competitive and it is also a pricing strategy.

If an entrepreneur set the price as high as s/he thinks s/he can it could take her/him out of competition in the market and it would leave her/him without profit.

Small business don't set their prices according to their business size but to the economic factor, because consumers first decide based on the economic factor because people can't buy what they can't afford.

8 0
3 years ago
Other questions:
  • If you find that the staff who work in your college's career center give you poor advise or otherwise did not provide sufficient
    9·1 answer
  • The poverty rate for children under 18 in texas is while it is in the united states as a whole
    8·1 answer
  • Using a 14% cost of capital, calculate the net present value for each of the independent projects shown in the following table,
    13·1 answer
  • Astin Company has current assets of $82,530, total assets of $242,050, total net income of $58,240, current liabilities of $72,1
    11·1 answer
  • Four years ago, Lyle Mercer was injured in a railroad accident and sued the railroad for damages. The jury required the railroad
    9·1 answer
  • Gardner Corporation manufactures skateboards and is in the process of preparing next year's budget. The pro forma income stateme
    7·1 answer
  • Tubaugh Corporation has two major business segments--East and West. In December, the East business segment had sales revenues of
    14·1 answer
  • If a nation has a comparative disadvantage in the production of some commodity: Group of answer choices it cannot gain from inte
    10·1 answer
  • Mrs. Eller's corporate employer has a cafeteria plan under which its employees can receive a $3,000 year-end Christmas bonus or
    14·1 answer
  • if inflation was 3% per year, nominal gdp was growing at 8% per year, and population was growing at 2% per year, what was the gr
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!