Answer:
a. $50, $10
Explanation:
The accounting result would be explicit income and expenses:
60 sales and 10 cost of the ingridients = 50 dollar gain
While the economic result will also consider implicit cost. Which is the opportunity cost. This is the amount of revenue that could be generated for the factor in other alternative.
In this case we have a 50 dollar gain less the 40 dollar we coudl have earned doing the other job the economic gain is 10 dollars
Answer:
The options for this question are the following:
A. implicit cost
B. accounting cost
C. explicit cost
D. pure economic cost
E. positive economic rent
The correct answer is A. implicit cost
.
Explanation:
Implicit cost is an economics term that refers to the costs of a business that do not require direct spending but, instead, the result of a loss of potential revenue. This concept can have important ramifications for companies and entrepreneurs when they decide how to divide tasks between their workforce and how much they charge for their services. It is also an important concept for individuals to understand when choosing the best time budget for a variety of projects.
The implicit cost of some companies is generally a result of the amount of time it takes a person to complete the business and the time value of that person. For example, if someone hires an independent contractor to complete a plumbing job, that contractor must charge enough to cover their explicit and implicit costs in order to make a profit. The explicit costs will be the cost of the necessary materials, which is quite easy to calculate.
Answer:
The answer is: A) A creative work environment
Explanation:
Creative working environments usually enable employees to spend time creating different products, being unpredictable, testing different ideas, making mistakes, and innovating.
It's not easy for management to create such working environments, specially when innovation is not linear, is unpredictable and may be inefficient sometimes. But at the long run, innovative companies will tend to dominate their markets.
Answer: Peripheral route.
Explanation:
Persuasion is the ability to convince one or more people about something, to think in a certain way, or to do something in particular.
The persuasion follows two routes; the central route, and the peripheral route:
- The central route of persuasion occurs when the person is persuaded by the message received.
- The peripheral route of persuasion occurs when the person is persuaded by something different than the message, such as how the message is presented.
In this case, Trevor was guided by what he saw to decide, so he followed the peripheral route of persuasion.
<em>I hope this information can help you.</em>