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mash [69]
3 years ago
13

If a fishing boat owner brings 10,000 fish to market and the market price is $7 per fish, she will have $70,000 in total revenue

. If the average variable cost of 10,000 fish is $4 and the fixed cost of the boat is $20,000, what is her profit
Business
1 answer:
Alex777 [14]3 years ago
6 0

Answer:

$10,000

Explanation:

Given that

Total revenue is $70,000

Total fixed cost is $40,000

And, the total variable cost is $10,000

According to the given situation, the computation of profit is shown below:-

Profit = Total Revenue - Total Fixed cost - Total variable cost

= $70,000 - (10,000 × $4) - 10,000

= $70,000 - 40,000 - 10,000

= $10,000

Therefore for computing the profit we simply applied the above formula.

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Wilbur decides to sell his collection of rare stamps through an online auction site. When he is filling out the information abou
jasenka [17]

Answer:

Wilbur cannot rescind the contract based on his unilateral mistake.

Explanation:

Lets suppose that I made an offer of $1000 which you accepted to buy my car on a phone call for $1000 and later in the same day a person offered me more money for the same car and I sold the car to him. You went to court and I said that I mistakenly made an offer of $1000 which means that every person who revoke the clauses will make lame excuses in the court. If this act is permitted then the law gives the people free hand whatever they desire to do with the contract. So for this reason this act was considered unethical and the court said that the mistakes that are unilateral are not be rescind.

5 0
3 years ago
Solutions Group managers suggest that clients consider doing a resonance test when designing advertising, because this will help
kipiarov [429]

Scenario 7-5) Solutions Group managers suggest that clients consider doing a resonance test when designing advertising, because this will help understand target consumers regarding their

a.recognition of the brand.

b.potential purchase of the brand.

c.emotional connection to the brand.

d.attitude changes about the brand

Answer:

Option C is correct

Explanation:

This is used for measuring product experience of consumers on a particular brand. It tests products concept for emotional and functional design attributes such as consumer needs, believability(trust) and differentiation in level of product experience by customers.

6 0
3 years ago
According to the 2018 Value Line Investment Survey, the growth rate in dividends for Ralph Lauren for the next five years will b
pantera1 [17]

Answer:

Higher than 0.5%

Explanation:

Since the rate of return is calculated as dividend payment/stock price + dividend growth rate and since that growth rate for the next five years will be 0.5 %, than rate of return will be higher than 0.5 %.

4 0
3 years ago
When the housing market collapsed in 2007, the demand for loanable funds decreased and caused interest rates to decrease.
o-na [289]

It is False When the housing market collapsed in 2007, the demand for loanable funds decreased and caused interest rates to decrease.

Because Interest rates typically decline during recessions as loan demand slows, bond prices rise and the central bank eases monetary policy. During recent recessions, the Federal Reserve has cut short-term rates and eased credit access for municipal and corporate borrowers. No price in the economy is as important as the price of money. Interest rates arguably drive the business cycle of expansion and contraction.

Interest rate is the amount a lender charges a borrower and is a percentage of the principal the amount loaned.

Recession is a period when the business and industry of a country is not successful.

Corporate is formed into an association and endowed by law with the rights and liabilities of an individual.

To know  more about the Interest Rate here

brainly.com/question/13324776

#SPJ4

4 0
1 year ago
The best answer to both the flatness and horizon problems is Group of answer choices dark energy. the inflationary epoch. decoup
Ksivusya [100]

It should be noted that best answer to both the flatness and horizon problems is inflationary epoch.

The inflationary epoch van be regarded as the period in the evolution of the early universe, at this period there was an expansion.

According to inflation theory, the earth were recorded to experience great horizon problems and exponential expansion.

Therefore, inflationary epoch brings about both flatness and horizon problems

Learn more about inflationary epoch at:

brainly.com/question/11356270

3 0
2 years ago
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