A. 1% increase in the price of the good causes the supply curve to shift upward by 4 percent.
Answer:
B. minus$2,000.
Explanation:
The computation of the economic profit is shown below:
As we know that
Economic profit = Total revenue - Explicit costs - Implicit costs
= $35,000 - $30,000 - $7,000
= -$2,000
The implicit cost is come from
= $70,000 ×10%
= $7,000
We simply applied the above formula so that the economic profit could come
Answer:
Following are the solution to this question:
Explanation:
Please find the complete question in the attachment file.
Applied to fixed overhead
Overhead fixed by DL hr.
DL hours standard
Application of fixed overhead
Variance in volume
Application of total fixed overhead
Fixed total estimates Superfast
Variance of volume 
On an organization's board of directors, inside directors <span>may be members of the firm; outside directors </span><span>are supposed to be elected from outside the firm.</span>
The board of directors is responsible for keeping the organization’s vision, mission, and strategic planning goals. Duties of boards include: <span>choosing the CEO, approving major policies, making major decisions, overseeing performance<span>, and serving as external advocate.</span></span>
C, tv commercials are ussualy the most expensive.
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