1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
insens350 [35]
2 years ago
14

Which of the following statements is correct?A. Economists consider opportunity costs to be included in a firm's total revenues.

B. Economists consider opportunity costs to be included in a firm's costs of production.C. Opportunity costs equal explicit minus implicit costs.D. All of the above are correct.
Business
1 answer:
Gre4nikov [31]2 years ago
7 0

Answer:

Option (B) is correct.

Explanation:

Opportunity costs refers to the cost of selecting other alternative which means that the benefit that is sacrificed from the next best alternative. Implicit costs is also known as the implicit costs and economists include this cost to the total cost of production.

Total cost includes both explicit costs and implicit costs. Explicit costs refers to the costs that are incurred for operating business activities.

You might be interested in
Debbie, a popular wedding photographer, is able to photograph a wedding every Saturday of the year. She charges couples $4,000 f
rosijanka [135]

Answer:

c. $1,800

Explanation:

Economic cost calculates what is gained or lost when a particular activity is chosen over another activity.

It incorporates the opportunity cost of taking a particular activity into its calculation of cost.

The economic cost of Debbie taking the picture of her niece is :

$4000 - $2200 = $1800

I hope my answer helps you

6 0
3 years ago
A restaurant sells pizza at a rate of $13.57/slice. Expenses for the restaurant include raw material for pizza at $8.57 per slic
Sladkaya [172]

Answer:

The restaurant need to sell 46.6 slices (47 slices)

Explanation:

Giving the following information:

The restaurant sells pizza at a rate of $13.57/slice. Expenses for the restaurant include raw material for pizza at $8.57 per slice, $172.00 as monthly rental and $61.00 monthly as insurance.

To calculate the break-even point in units, we need to use the following formula:

Break-even point= fixed costs/ contribution margin

Break-even point= (172 + 61) / (13.57 - 8.57)

Break-even point= 46.6 slices

8 0
2 years ago
a corporation reported cash of $15,800 and total assets of $180,100 on its balance sheet. its common-size percent for cash equal
Veseljchak [2.6K]

Its common-size percent for cash equals 8.77%.

Cash is prison gentle—currency or coins—that may be used to change items, debt, or offerings. Every so often additionally it is the value of the property that may be easily converted into coins right away, as stated through an employer.

A cash price is bills or cash paid by the recipient of products or services to the issuer. It can also contain a fee inside an enterprise to employees in compensation for their hours worked or to pay off them for minor prices which are too small to be routed thru the accounts payable device.

Coins in a bank mean the contemporary balance in checking accounts, savings accounts, or the like within the call of the enterprise/enterprise applying for a certificate. Do now not encompass retirement bills or personal bank account balances.

Percent of cash to total asset    = Cash / Total Assets

                                                 = 15800 / 180100

                                                 = 8.77%

Learn more about cash here brainly.com/question/24179665

#SPJ4

6 0
1 year ago
As a director it's my responsibility to make my organization in state of compliance at each and every audit of country. Here in
BARSIC [14]

Answer and Explanation:

As a director it's my responsibility to make my organisation in state of compliance at each and every audit of country. Here in one of my center we are keeping records and all document in consistent and manageable manner but other facility we are acquiring is not too much correct in documentations.

Lack point

1. Online documentation is not mentioned as laws

2. Laws are not so strick to make all document in audit trail

3. All the document they are producing is not viewed by the auditor hence system become so loose.

4. As per timeline these laws are not revise due to which soohisticated system is not generated

5. All laws in such away that it can be easily breakup by the authority

6. Due to which one institute is within the set of compliance but other one is not.

7. Traceability is not there which create question on authority.

My steps

1. Training to individual about importance of documentation

2. Meeting with all experts

3. Periodic training to everyone

4. Implementation of audit trail software

5. Privileged group generation

6. Failure identification and analysis

7. Blockage on sharing of documentation without authority

6 0
3 years ago
Aggregate demand and aggregate supply analysis suggests that, in the short run, an expansionary monetary policy will result in a
Vsevolod [243]

Answer:

an increase in real GDP without much inflation when the economy in on the horizontal portion of the aggregate supply curve.

Explanation:

In order to understand both short-run economic fluctuations and how the economy move from short to long run, we need the aggregate supply and aggregate demand model.

Aggregate supply (AS) refers to the total quantity of output (goods and services) that firms are willing to produce and sell at a given price in an economy at a particular period of time.

Aggregate demand (AD) can be defined as the total quantity of output (final goods and services) that is demanded by consumers at all possible price levels in an economy at a particular time.

On a standard Aggregate demand (AD)-Aggregate supply (AS) curve, the y axis denotes the Price (P) of goods and services while the x axis typically denotes the Output (Q) of final goods and services.

In the short-run, a rightward shift in the aggregate supply (AS) curve causes output to increase and result in a price fall (lower price) while a rightward shift in the aggregate demand (AD) curve also cause output to increase and rise in prices.

The short-run nominal fluctuations basically cause a change in the level of production. In the short-run, as a result of a shift in the aggregate supply; an increase in money consequently to result in increase the level of production (output). Therefore, more goods are produced as a result of the increased output (supply) and more goods would be purchased as a result of their lower prices.

An expansionary gap, also known as the inflationary gap in economics is used to measure the difference between the gross domestic product (GDP) and the current level of real Gross Domestic Products that exists when a country's economy is guaged at a full employment rate.

Hence, aggregate demand and aggregate supply analysis suggests that, in the short run, an expansionary monetary policy will result in an increase in real GDP without much inflation when the economy is on the horizontal portion of the aggregate supply curve.

5 0
3 years ago
Other questions:
  • If the price of Product E decreasing by 2% causes its quantity demanded to increase by 14% and the quantity demanded for Product
    11·1 answer
  • On July 1, 20X1, James and Short formed a partnership. James contributed cash. Short, previously a sole proprietor, contributed
    6·1 answer
  • Nomination by petition is done by gathering signatures from _____.
    10·2 answers
  • You have always thought that learning to play the guitar would be fun. However, this activity would cost money and require time
    10·1 answer
  • The head of ABC Company announces that the company is going to start a weekend project teaching self-defense techniques to under
    11·1 answer
  • Your automobile insurance includes premiums of $510 for liability, $220 for collision, and $130 for comprehensive. what is your
    13·1 answer
  • Please help with your own answers
    13·1 answer
  • What are the necessary capital investments for starting a free-range poultry farm?
    12·1 answer
  • Concrete terms can never be used in an abstract or symbolic way.
    15·2 answers
  • Coupon payments are fixed, but the percentage return that investors receive varies based on market conditions. This percentage r
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!