The answer is B if that is the correct one
Answer:
Accounting profit=$300,000
Explanation:
<em>Accounting profit is the difference between revenue from from production or service activities and the expenditures incurred. </em>
<em>It is the difference between the total revenue and the</em><em> total explicit costs</em><em>. Explicit costs are those transaction cost incurred to generate revenue . E.g the cost of the material , labour, expenses e.tc.</em>
On the other hand, economic profit includes accounting profit plus opportunity cost. Opportunity cost is the value of the benefits sacrificed in favour of a decision.
Accounting profit = Sales revenue - Explicit cost
Sales revenue = Price × units sold= $15× 1000× 30 = $450,000
1
Explicit cost = $150,00
Accounting profit = $450,000- 150,000 = $300,000
Accounting profit=$300,000
Note we ignore the amount she could have earned because it is an implicit cost
Answer:
Option "D" is the correct answer to the following statement.
Explanation:
Brand participation strategy is a commitment provided by companies for a brand. This is brand recognition with its engagement and express marketing. Social media has helped to increase the willingness of customers to engage with products with a new standard for brands and to build new connections between brands and customers.
Answer:
Conservative
Explanation:
Do you have anymore of these on this subject?
Answer:
These are the answer choices for the question:
Students do not have good nutritional information.
Soda purchases represent a large fraction of students' budgets.
There are few other places to purchase soda on campus.
The price elasticity of demand for soda is equal to 1.
And this is the correct answer choice:
There are few other places to purchase soda on campus.
Explanation:
If vending machines raise the price of soda by two, by the still sell almost the same amount, this means that they have a monopoly over the selling of soda in campus, and that students continue to buy there because they do not have any other feasible alternatives.
This is the problem with monopolies: they can charge very high prices and still make a profit because they will always have demand, but this very act makes consumers worse off, and reduces general social welfare.
