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3 years ago

According to economists, one reason few professional athletes have PhD’s is that the:

Business

1 answer:

ryzh [129]3 years ago

5 0

Answer:

d. opportunity cost of going to graduate school is too high.

Explanation:

The cost of choosing an alternative instead of another is known as the opportunity cost. In order to obtain a PhD, athletes would have to delay their professional careers, which would cause then to potentially miss out on years of millionaire contracts. Therefore, the opportunity cost of going to graduate school is too high.

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Suppose the price elasticity of demand is relatively elastic and the price elasticity of supply is relatively inelastic in a spe

Rzqust [24]

Answer:

c. producers

Explanation:

Since it is given in the question that the price elasticity of demand is relatively elastic but the price elastic of supply is relatively inelastic but if the excise tax is imposed on the goods so the greater burden of the tax would be on the producers as the supply is inelastic so the producers could not changed much but if we compare to the consumers, the consumer could change the demand more than before due to the elastic in demand.

So, the correct option is c.

7 0

3 years ago

The following account titles were drawn from the general ledger of Holt Food Supplies, Incorporated (HFSI): Computers, Operating

otez555 [7]

Answer:

For the provided accounts we have

Assets = Liabilities + Stockholder's equity

Stockholder's Equity = Stock + retained earnings

Here, for the list the items and their respective headings are:

Main solution:

Computers = Asset

Operating expenses = Retained earnings = Stockholder's Equity

Rent Revenue = Retained Earnings = Stockholder's Equity

Building = Asset

Cash = Asset

Notes Payable = Liability

Land = Asset

Utilities Payable = Liability

Utilities Expense = Retained Earning = Stockholder's Equity

Trucks = Assets

Gasoline Expense = Retained Earnings = Stockholder's Equity

Retained Earnings = Stockholder's Equity

Supplies = Asset

Accounts Payable = Liability

Office Furniture = Asset

Salaries Expense = Retained Earnings = Stockholder's Equity

Common Stock = Stockholder's Equity

Service Revenue = Retained Earnings = Stockholder's Equity

Interest Expense = Retained Earnings = Stockholder's Equity

Dividends = Retained Earnings = Stockholder's Equity

Supplies Expense = Retained Earnings = Stockholder's Equity

Note: All the expense items are deducted from retained earnings and thus deducted from stockholder's equity.

And all the incomes are added to retained earnings and thus, added to stockholder's equity.

3 0

3 years ago

Read 2 more answers

Mary expects the inflation rate to be 5 percent, and she is willing to pay a real interest rate of 3 percent. Joe expects the in

OleMash [197]

Answer:

Explanation:

correct

8 0

3 years ago

g had reported a deferred tax asset of $130 million with no valuation allowance. At December 31, 2021, the account balances of R

andrew-mc [135]

Answer: $101 million

Explanation:

The amount that Ross should report as income tax expense in its 2021 income statement will be calculated thus:

First, we'll calculate the deferred tax asset in valuation allowance which will be:

= Deferred tax asset before valuation allowance - Deferred tax asset after valuation allowance

= $170 million - $130 million

= $40 million

Then, income tax expense will be:

Income taxes payable= $90 million

Add: DTA not be realized = $170 million × 30% = $51 million

Less: Deferred tax asset in valuation allowance = ($40 million)

Income tax expense = $101 million

5 0

3 years ago

the term economists use to describe a situation in which the economy’s overall price level is rising is

dangina [55]

Answer: i would guess it would be inflation, but im not sure. thats my best guess.

Explanation: if the overall pricing of things is rising its inflation

6 0

3 years ago