Answer:
- $250
Explanation:
The economic profit calculation is presented below:
= Total revenues - explicit cost - implicit cost
where,
Total revenues = Explicit revenue × implicit revenue
= $15 × 50 items
= $750
Explicit cost = $200
Implicit cost = $20 × 40 hours = $800
Now place these values in the formula above
So the value would be equal to
= $750 - $200 - $800
= - $250
An increase in the interest rate increases the opportunity cost of holding money and leads to a reduction in the quantity of money demanded
<h3>What is
opportunity cost ?</h3>
The opportunity cost of a particular activity option in microeconomic theory is the loss of value or benefit that would be incurred by engaging in that activity, as opposed to engaging in an alternative activity that offers a higher return in value or benefit.
The value of the next best alternative or option is referred to as the opportunity cost. This value may or may not be monetary. Value can also be measured using other criteria such as time or satisfaction. One formula for calculating opportunity costs could be the ratio of what you give up to what you gain.
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They look scared and like they don’t wanna be there
Answer: C) the government makes all important
economic decisions.
<span>A centrally planned economy is an
economic system in which the government
makes all important economic decisions rather than leaving them to consumers and businesses.</span>
<span>In these type of economy, prices are
all controlled, the government sets plans, and the economy is handled by bureaucrats. </span>
The style of interaction might seem to be the only way for couples whose backgrounds are completely irreconcilable to survive is obliteration style.
Some couples will try the obliteration fashion. In this situation, each partner tries to erase or obliterate their authentic cultures and create a brand new “subculture” with new beliefs, values, and behaviors.
Style of interaction for an intercultural couple in which both companions try and erase their character cultures.
Culture is a prime component that transforms passionate love into romantic love. Cultural values and traditional behaviors affect the expressions and reports of love and transfer passionate love as primarily based on a sexual attraction into romantic love as an idealized and culturally affected manner of loving.
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