The economic profit is calculated by,
Economic Profit = Total Revenue (TR) – ( Explicit Cost + Implicit Cost)
Total Revenue
Explicit Cost (Cost of land , Labor , capital) per acre = Machinery Ownership costs + Land Charge + overheads
Explicit Cost for 500 acres
Implicit Costs are not given
Economic Profit
Hence the economic profit is .
<h3>
Describe Economic Profit?</h3>
The difference between the revenue generated by the sale of an output and the prices of all inputs used, as well as all opportunity costs, is known as an economic profit. Possibility expenses and explicit costs are subtracted from earned revenues to establish economic profit. Economic profit is necessary because it helps examine an industry's financial and economic progress.
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The correct answer is <span>a. True </span>
The best option for him would be a position as a adjunct professor at a technical college
Answer: 8.36%
Explanation:
The growth rate being thrown in there was in an effort to confuse you into using the Dividend Discount Model.
This is a Preferred Stock however and is calculated differently as such,
Net Price = Dividends / rate
Making rate the subject we have,
r = Dividends / Net Price
So plugging in the figures we have,
r = 3/ 35.9
r = 0.08356545961
r = 8.36%
The market required rate of return on your firm's preferred stock is 8.36%.
<span>The employee should answer that she does not suffer from any preexisting conditions. That is the simple truth. Just because she had a genetic test conducted to find out how susceptible she is to breast cancer, does not mean she is currently suffers from it- so she would not be lying. Furthermore, the genetic test is confidential. She can only be expected to answer if the HR department asks questions about her family history of illness/disease.</span>