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goldfiish [28.3K]
3 years ago
15

Suppose winston's annual salary as an accountant is $60,000, and his financial assets generate $4,000 per year in interest. one

day, after deciding to be his own boss, he quits his job and uses his financial assets to establish a consulting business, which he runs out of his home. to run the business, he outlays $8,000 in cash to cover all the costs involved with running the business, and earns revenues of $150,000. what costs would be considered when calculating economic profit?
Business
1 answer:
timama [110]3 years ago
4 0
60k and 4k because thats what he put he lost
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Who is the first lady president in the world
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Suppose that preferences over private consumption C and public goods G are such that these two goods are perfect substitutes, th
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Answer:

Please see explanation below.

Explanation:

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In the first scenario, given that both the private good and public good are perfect substitutes, the optimum quantity produced by the government is at the point where marginal social cost is equal to the marginal social benefit. This optimum output is lower than that of the private firm because the price of public good is higher than price of private good (since marginal social cost > marginal private cost).

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For the second part of the question: C = aG, where a > 0.

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This assertion is true. In addition, the SEC has the remaining accountability to make certain that the FASB deals with troubles referred to it by the SEC.

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