Answer:
$79,000
Explanation:
Given that,
Implicit cost and explicit costs are as follows:
Earning at Shoe Warehouse = $40,000 a year
Jake has rented a storefront = $40,000 per year
Spend = $11,000 on inventory
Total revenue = $170,000 per year
Therefore,
Economic profit = Total revenue - (Explicit cost + implicit costs)
= $170,000 - ($11,000 + $40,000 + $40,000)
= $170,000 - $91,000
= $79,000
Answer:
Market segments are the relatively homogenous groups of prospective buyers that result from the market segmentation process.
Explanation:
Market segments are the relatively homogenous groups of prospective buyers that result from the market segmentation process.
A market segment is a category of customers who have similar likes and dislikes in an otherwise homogeneous market. These customers can be individuals, families, businesses, organizations, or a blend of multiple types.
Market segments are known to respond somewhat predictably to a marketing strategy, plan, or promotion.
<span>provide revenues for the government to use for legitimate purposes.</span>
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<span> Please mark Brainliest.</span>
The excretory system is related to the increase or decrease in the consumption of water by an animal. The increase or decrease is due to the variation in the antidiuretic hormones in the humans. The retention and excretion of excess water and ions are performed by the kidneys, which is a part of the excretory system.
Answer:
Each company drills two wells and experiences a profit of $22 million.
Explanation:
If each company acts independently and drills two oil wells each they will have a total of 4 wells each worth (60 million ÷ 4= $15 million.
Each company will have two oil wells which equals (2* 15 million = $30 million)
But each company incurs cost of $4 million per well. That is total cost of $8 million.
Therefore the profit for each company will be $30 million - $8 million= $22 million
