The market system meant for protection of property rights and also : Provide an incentive to maintain property and allow for the orderly transfer of property ownership.
<h3>What is market system?</h3>
The market system is a system that allows free trade of goods and services. This means that both business, producers and consumers have equal share in a market system.
In a market system, the production of goods and services are set according to the changing desires and abilities of the market forces.
Therefore, the market system depends on private property and the protection of property rights to provide an incentive to maintain property and allow for the orderly transfer of property ownership.
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It is the role of <span>Board of Equalization to provide tax clearance receipt a business sale. This agency is mainly responsible for the administration of tax and collection of fees. This agency will be the one to decide on how they will calculate the tax. </span>
Answer:
-$20,000
Explanation:
Economic profit takes into account opportunity cost of an activity.
Opportunity cost is the next best option forgone when one alternative is chosen over other alternatives. Opportunity cost is also known as implicit cost.
Because Bobby chose to work at the seafood resutrant, he forgoed the opportunity of working at the county. Thus, his opportunity cost is $30,000.
Also, if he wasn't making use of the restaurant, he could have rented it out. Thus, his opportunity cost of making use of the restaurant is $20,000.
Economic profit = Revenue - (Implicit cost + Explicit cost)
$50,000 - ($20,000 + $30,000 + $20,000) = -$20,000
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The accounting measure of a firm's stock price is called market value.
<h3>What is
market value?</h3>
The market value, or OMV, of an asset is the price at which it would trade in a competitive auction environment. Although these phrases have different definitions in different standards and differ in some instances, market value is frequently used interchangeably with open market value, fair value, or fair market value.
Market value (also known as OMV or "open market valuation") is the price an asset would fetch in the marketplace, or the value assigned to a specific equity or firm by the financial community.
To get a company's market worth, multiply the total number of shares outstanding by the current price per share.
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Answer:
D. Level of optimism about the future
Explanation: