Answer:
principal-agent problem
Explanation:
In a corporation, the principal-agent problem refers to conflict of priorities that exist between the shareholders and the management. Management has the duty of increasing the corporation value, and therefore increasing the shareholders' wealth. But sometimes, management makes decisions that benefit them more than the shareholders. This conflict of interest can be really dangerous for a corporation, since managers may safeguard their own personal interests and sacrifice the corporation's future value.
Answer: The contract had consideration because Greg agreed to pay $100K for Louis's real estate and the contract had been fully performed
Explanation:
.Answer:
B) explicit cost of producing goods and services.
C) implicit cost of producing goods and services.
Explanation:
We know,
Economic profit = Total revenue - the explicit cost of producing goods and services - the implicit cost of producing products and services.
On the other hand, accounting profit = Total revenue - Total explicit cost
Through economic profit, a country or an industry can measure profitability after deducting monetary and opportunity costs from revenue.
Therefore B and C is the answer.
Answer: It concerns international trade.
Explanation:
A nation's production possibilities curve shows the set of goods produced in a given economy and the trade off in production in an environment of resource scarcity. Thus, to produce a particular good, the curve shows that countries must stop producing one good to produce another good. In this case, it would take 10,000 pizzas to produce 1 robot. However, through specialization, countries can specialize in producing goods in which they are most productive and, with international trade, exchange them. This theory is called the theory of absolute advantages, where each country specializes in what is most productive and, through international trade, exchanges, decreasing the opportunity cost of obtaining goods and increasing the possible combinations in the production possibilities curve. . In the example described, if the robot were produced in another country, it would only have to exchange 9,000 pizzas for 1 robot.
