Answer:
$10,000.
Explanation:
The economic profit by Robert is $10,000. this is calculated below.
The amount withdrawn and invested = $100,000
Cost of property sold = $120,000
Profit from the sale of the property = $20,000
Amount made if he had not withdrawn the money = $110,000
Profit if he had not withdrawn the money = $10,000
Economic profit = $20,000 - $10,000
= $10,000
The opportunity cost of $10,000 (foregone interest) must be included to determine economic profit.
Personally, i believe so.
The gasoline industry contributed to the large portion of environmental damage that occurred each year compared to the rest of the industries. Which mean that higher taxation needed for the sale of the product, and government regulation for this specific industry is the most efficient method to do so.
Answer:
He believed that the Bank was a corrupt institution concentrated on the rich and creating political power for those of wealth
Explanation:
