Answer:
$265,000
Explanation:
Economic cost is the addition of implicit cost and explicit cost. That is,
Economic cost = Explicit cost + Implicit cost .............. (1)
Explicit costs are payments that are actually made. It is also known as out-of-pocket costs.
Implicit cost is an implied cost because they are not actually paid. Implicit cost is a loss of income, but a loss of profit. An example is an opportunity cost.
Since we are not given implicit cost in the question, equation (1) is estimated as follows:
Economic cost = $265,000 + 0 = $265,000
Therefore, William's economic cost is equal to his explicit cost of $265,000.
Answer:
did you ever find the answer?
Explanation:
<span>The energy source in gas hydrates is methane, which is trapped inside of ice. Extraction of the methane may result in leakage of small amounts of methane. This is a potential global environmental problem because methane is a very potent greenhouse gas.</span>
Answer:
There is no market failure in this case, since Candace knew about the Yugonero's multiple mechanical issues and she also knew that it didn't offer any type of warranty, plus she had read several press releases detailing the problems related with the Yugonero. She just decided to take the chance of buying one of the few Yugoneros that were built properly and operated without any problems. She probably paid much less for the Yugonero and that was probably her main motivation.
Explanation:
Answer:
D Yes
Explanation:
An uncommon aspect of 529 Plans is that both donor and receiver can be the same person. There is no age restriction on who may be the beneficiaries of the account. This person may themselves open a 529 plan and be both the donor and the beneficiary.
Therefore from the above explanation the correct answer is D
