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2 years ago

The difference between zero profit and zero economic profit is that:

Business

1 answer:

Marianna [84]2 years ago

8 0

Answer:

The correct answer is letter "A": economists include opportunity cost in zero economic profit, while accountants do not include opportunity cost in zero profit.

Explanation:

Normal profit is an economic term that means zero economic profits. To an economist, this is normal since total revenue equals total cost which includes both explicit and implicit costs. It differs from the accounting profit or zero profits since the latter does not take into consideration implicit cost.

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Give at least one example that you believe demonstrates when the cost of government actions outweighs the benefits.

Dovator [93]

Answer: The creation of a government set price for gasoline by ni government.

Explanation:

In 1970 president Nixon inteoduced a soft artificial price ceiling on gasoline in the United States. This was as a result of the OPEC crisis of 1970s. It is a good example of scenerios where the cost of government action outweighs the benefits. this was due to the creation of the government-set price which would cause the quantity demanded to be more than the quantity supplied because gasoline was cheaper now.

7 0

2 years ago

Marley Company has the following information for March: Sales $912,000 Variable cost of goods sold 474,000 Fixed manufacturing c

Shkiper50 [21]

Answer:

Manufacturing Margin: Manufacturing margin Is the difference between sales and the variable cost of good sold .

Contribution margin: The contribution margin is the amount which is derived from sales revenue, after subtracting the variable expenses. This amount contributes toward covering fixed expense and then towards profit for the period

Net income: Net Income u the income after deducting all the expense, from the gross Income. It is also termed as net profit or net earning

a. Computation of the manufacturing margin for the month of March:

Manufacturing margin = Net sales - Variable cost of goods sold

Manufacturing margin = $912,000 - $474,000

Manufacturing margin = $438,000

Thus, the manufacturing margin for the month of March is $438,000 .

b. Computation of the contribution margin for the month of March:

Contribution margin = Manufacturing margin - Variable selling

Contribution margin = $438,000 - $238,100

Contribution margin = $199,900

Thus, the contribution mar gm for the month of march is $199,900

c. Computation of the income from operations for the month of March:

Income from operations = Contribution margin - Fixed manufacturing costs - Fixed selling and administrative expenses

Income from operations =$199,900 - $82,000 - $54,700

Income from operations = $63,200

Thus, the income from operations for the month of March is $63,200.

6 0

2 years ago

Mark each of the following statements, regarding the wto, as true or false. if false, correct the statement. ______ the wto was

madam [21]

The statement that the WTO was formed by countries that conduct the majority of international trade is TRUE.

<h3>Who formed the World Trade Organization?</h3><h3 />

The World Trade Organization (WTO) was established by 123 nations around the world in 1994 with the signing of the Marrakesh Agreement.

The World Trade Organization was able to become so influential in regulating trade because these 123 nations were the major players in international trade.

Find out more on the World Trade Organization at brainly.com/question/25631712

#SPJ1

3 0

1 year ago

A newspaper publisher uses roughly 950 feet of baling wire each day to secure bundles of newspapers while they are being distrib

Tresset [83]

Answer:

Consider the following calculation

Explanation:

Given daily demand d= 870 feet

Lead time L = 6 days

Reorder point = Demand during lead time + Safety stock

Demand during lead time = dL = 870*6 = 5220

Safety stock = 1900 as service level ois 95 percent. So stockout risk = 1-0.95 =0.05.Given at stockout risk 0.05

safety stock = 1900

Reorder point = 5220 + 1900 = 7120

7 0

2 years ago

Karen Dodd is employed by Dell and responsible for calling on primary schools in her home state of Maine to promote the company'

ludmilkaskok [199]

Answer:

Personal Selling

Explanation:

The personal selling is the selling of products by meeting the customer face to face and deal them according to the preferences and interests. Karen Dodd is selling its products by meeting the customer face to face which is personal selling and is a promotional tool used by several sales team members to boost the sales of products and earn a good share of commission.

4 0

2 years ago