1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
snow_tiger [21]
3 years ago
6

Jessica makes photo frames. She spends $5 on the materials for each photo frame. She can create one photo frame in an hour. She

earns $10 per hour at a part-time job at the local coffee shop. She can sell a photo frame for $30 each. An economist would calculate the total profit for one photo frame to be __________.a. $5.
b. $10.
c. $15.
d. $25.
Business
1 answer:
expeople1 [14]3 years ago
3 0

Answer:

=$15

Explanation:

An economist will consider the cost of the photo as the materials costs plus the opportunity cost of labor for Jessica. For Jessica, the opportunity cost of making the photo frame is the amount she would have earned working at the coffee shop. Therefore, the $10 she would have earned at the coffee shop is the labor cost of producing one photo frame.

The total cost of making one photo frame would be $5 plus $10.

i,e. $5 + $10 = $15

Profit from the photo frame = selling price - cost price

=$30- $15

=$15

You might be interested in
sales of new homes increased each month of the last year the economy is likely in. recession. expansion a trough or a plummet
olya-2409 [2.1K]
Expansion ..............
5 0
3 years ago
Use the following selected 2016 balance sheet and income statement information for Home Garden Supply Co. (in millions) to compu
zepelin [54]

Answer:

3.76 times

Explanation:

The computation of the asset turnover is shown below:

Asset turnover = Net sales ÷ Average total assets

= $1,356,504 ÷ $360,600

= 3.76 times

By dividing the net sales from the average total assets, the asset turnover could arrive i.e 3.76 times

This is the answer but the same is not provided in the given options

8 0
3 years ago
In classical conditioning, the ns becomes a ________ after it reliably signals the occurrence of the ________.
Leto [7]

In classical conditioning, the Neutral Stimulus (NS) becomes a Conditioned Stimulus (CS) after it reliably signals the impending occurrence of the Unconditioned Stimulus (US).

The conditioned stimulus (CS) is a neutral stimulus (NS) that - after being repeatedly presented before the unconditioned stimulus - evokes a similar response as the unconditioned stimulus (US).

For example, a cat staring at a can of food (unconditioned stimulus) reacts differently to the sound of a can opener being struck on any surface (neutral stimulus). But if you condition a cat to believe that striking a can opener on any surface signals it will eat a can of food, the neutral stimulus becomes the conditioned stimulus.

Learn the difference between classical and operant conditioning here: brainly.com/question/17583598

#SPJ4

8 0
1 year ago
A(n) _____ organization is characterized by a relatively low degree of job specialization, loose departmentalization, few levels
lbvjy [14]

Answer:

organic

Explanation:

Based on the information provided within the question it can be said that the type of organization that is being described is called an organic organization. This is a type of organization that is extremely flexible, thus allowing it to easily adapt to changes in it's environment. Such aspects as the ones described in the question allow an organization to become flexible.

3 0
3 years ago
Read 2 more answers
Why is adversity is the workplace good fo the business
ANTONII [103]

It diversify the workload and allows people to make more connections and all while having multiple view on one problem to help in finding or solving a problem.

6 0
3 years ago
Other questions:
  • Suppose all banks are subject to a uniform reserve requirement of 20 percent and that the union bank has no excess reserves. if
    12·1 answer
  • "North Shore Community College reimburses faculty members $.535 cents per mile to go to a workshop. Professor Wales submitted he
    14·1 answer
  • Why do businesses use letterheads and logos?
    13·1 answer
  • Customers paying with credit consider the purchase a kind of
    9·1 answer
  • Mike has saved $6,000 for a down payment on a car. He qualifies for two car loans. One has a 10% interest rate that does not req
    9·1 answer
  • Scott Company sells merchandise with a one-year warranty. Sales consisted of 2,500 units in Year 1 and 2,000 units in Year 2. It
    11·1 answer
  • he following is from the 2021 annual report of Kaufman Chemicals, Inc.: Statements of Comprehensive Income Years Ended December
    6·1 answer
  • The situation in which a person places greater value on a good as fewer and fewer people possess it is called the
    11·1 answer
  • Computing and other electrical equipment used in areas where water can accumulate must be uniquely grounded, using __________ eq
    11·1 answer
  • Why might you choose an investment with high risk instead of one with low risk?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!