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kvasek [131]
3 years ago
10

* Help you guys please* Would you be willing to pay extra money to use nitrogen in your tires? Explain why or why not

Business
1 answer:
algol133 years ago
5 0

Greatings,

I dont know, where are you living or what car you are driving for what reason.

In principal for everyday ride you do not need nitrogen, nor should you use it.

But if you are nasscar or some wild driver you should consider it.

Peace out.



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4 0
3 years ago
What is Jared's accounting profit? Suppose Jared could have used his talents to run a similar kind of business instead. If he va
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Answer:

Explanation:

I think your question is missed of key information, allow me to add in and hope it will fit the original one.  

<em>After working as a head chef for years, Jared gave up his $60,000 salary to open his own restaurant last year. He withdrew $50,000 of his own savings that had been earning 4% interest and borrowed another $100,000 from the bank at a rate of 5%. As the restaurant space he was leasing had no separate office, Jared converted his basement apartment into office space. He had previously rented the apartment to a student for $300/month. The following table summarizes his operations for the past year. </em>

<em>Total sales revenue    $590,000       </em>

<em>  Employee wages $120,000   </em>

<em>  Materials                 $350,000   </em>

<em>  Interest on loan $5,000   </em>

<em>  Utilities                 $10,000   </em>

<em>  Rent                 $25,000   </em>

<em>Total explicit costs              $510,000 </em>

<em>a, What is Jared's accounting profit? </em>

<em>b, Suppose Jared could have used his talents to run a similar kind of business instead. If he values his entrepreneurial skill at $10,000 annually, find Jared's total implicit costs. </em>

<em>c, What was Jared's economic profit last year?</em>

My answer:

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$590,000  - $510,000  = $80,000 is the accounting profit

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c. What was Jared's economic profit last year?

Explicit plus implicit, was $585,600 = $510,000 + $75,600. His economic profit is the difference between revenue and economic cost, or $4,400 (= $590,000 – $585,600).

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