Answer:
The correct answer is option c.
Explanation:
In the production process, inputs such as raw materials, labor, machine, tolls, etc, are used to produce outputs. Among these factors, some are variable or can be changed in the short run while others are fixed or cannot be changed.
The cost incurred on the variable factors is called variable cost. It changes with the change in output level.
Among all the costs given above, the monthly wage payments to labor is a variable cost. It can be changed in the short run by changing the quantity of labor employed.
The rest of the costs such as property tax payments, insurance and, rent payments are fixed an do not change with the output level.
Answer:
$9,937.89
Explanation:
The computation is shown below:
Given that
Current T-bill yield rate = 2%
Required rate of return = 2.5%
Time period = 3 months
We assume the face value be $10,000
So the willing to pay amount for a three month T- bill is
= Face value ÷ (1 + required rate of return × given months ÷ total months)
= $10,000 ÷ (1 + 2.5% × 3 months ÷ 12 months )
= $10,000 ÷ (1 + 0.625%)
= $9,937.89
Answer:
The definition for the problem is listed in the segment below on explanations.
Explanation:
The seven elements that will have to go along with the partnership agreement or resolution are given below:
- Name, place, as well as nature.
- Title, capital commitment, and responsibilities.
- New partner practices.
- Benefit and loss account.
- Asset withdrawal.
- Partnership liquidation.
So that the above is the right answer.
Economic Profit = Total Revenue - Total Costs
= Quantity * Price - Quantity * Average cost
= Q(P- AC)
Since economic profit is positive, it can be mentioned that P- AC is positive which tells us that P>AC or price is greater than Average cost.
What you mean by economic profit?
- The difference between the money made from selling an output and the price of all the inputs plus any opportunity costs is what is known as an economic profit or loss.
- Economic profit is determined by subtracting opportunity costs and explicit costs from earned income.
What is the role of economic profit?
- Economic profit is important since it makes it possible to evaluate the profitability and financial performance of a company.
- It demonstrates a company's ability to pay its bills and generate profit for its investors. By this standard, brands are only deemed successful when they generate income for all parties.
Learn more about economic profit
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