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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

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A bank has Tier I capital of $90 million and Tier II capital of $70 million. The bank has total assets of $2,522 million and ris
skelet666 [1.2K]

Answer:

C. Under-capitalized

Explanation:

Tier Capital/Risk-weighted assets = (90 million + 70 million)/2,017.6 million

= 7.93%;

Tier 1 Capital /Risk-weighted assets = 90 million /2,017.6 million

= 4.46%;

Tier Capital/Total assets= (90 million + 70 million)/2,522 million

= 6.34%.

The first ratio puts the bank in the undercapitalized zone.

8 0
4 years ago
An economy that maximizes its scarce resources and can deliver the right goods in the right quantity to the right people at the
AlekseyPX

Answer: Efficiency.

Explanation:

An economy is said to be efficient if the economy is able to make the best use of the available resources found in that economy, in meeting the needs of consumers within the economy and even exporting to consumers found in other economies.

7 0
3 years ago
At the beginning of this year, daily consumption of gasoline in the US amounted to 344 million gallons. It is estimated that for
Shkiper50 [21]

Answer:

335.43 million gallons

Explanation:

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PED = -1.9% / 10% = -0.19, very inelastic

expected price increase $0.40

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% change in quantity demanded:

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D = 2.49%

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8 0
3 years ago
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Flattening the organization and empowering employees, allowing them to get close to the customer.

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8 0
2 years ago
Note how these emerging technologies are impacting organizations and what organizations can to do to reduce the burden of digita
Rashid [163]

The correct answer to this open question is the following.

You did not attach any text, article, or particular reference to answer this question. So we assume you are talking in general terms.

So being that the case, we can comment on the following.

It is true that emerging technologies are impacting organizations. Some businesses and organizations have been overwhelmed by technological advances. We are talking about new technologies that are transforming the workplace such as biometrics, analytics, robotics, big data, or artificial intelligence.

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It has to start with a process of training to make employees aware of the necessity of change.

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