Answer:
The correct answer is B
Explanation:
Economic profit is the difference among the revenue received from the sale of the output and the cost of all inputs used and opportunity cost.
Zero economic profit, it is the situation where the firm is earning the same if its resources were employed in the next alternative which is best.
When the entry barriers in the market are low, then the firm will have the tendency of having a zero economic profit in the period of long run, as the profit which is short run will attract the extra suppliers which will result in down in the market price of the product.
Explanation:
service life refers to the time an asset will be used by a company and physical life refers to how long the asset will last.
Answer:
1.the present value for the following assuming that the money can be invested at 11% is $1,209,346.73
2.if she can invest money at 11%, I will recommend that she accept the first option of taking a lump sum of $150000
Explanation:
a) using the compound interest formula
A= p[1+r%]^n
P= $150000 n=20 r=11%
A= 150000[ 1+11/100]^20
A=150000[1.11]^20
A=150000 ×8.062311536
A= $1,209,346.73
2. The first option will give her $1,209,346.73 and the second option will give her ($14,000 ×20)+$60,000= $340000
Therefore the first option is better to accept because she will make more money in the first option than in the second option.
Goods and services were exchanged through a BARTER SYSTEM. Barter is a system in which goods and services are exchanged for other goods and services without using any medium of exchange such as money. Reciprocal exchange is often immediate and not delayed.
Answer:
Different variable in relative forms
Explanation:
Index numbers allow to compare the relative values of different values.
To do so, an index is made by equating a value to a base value, usually a value of 100, and other variables that are to be compared with the index value are expressed in terms of how different or far they are from the base value.
For example, suppose that inflation for year 1 is 4%, and this is indexed to be the base value 100. If inflation for year 2 is 8%, then, the inflation value is 200 in terms of the index, or twice as much as the value of the base year.
