Suppose that Bob leaves a job that pays $100,000 per year in order to open a new sponge business. His insurance cost is $8,000,
1 answer:
Answer:
-$11,000 is the economic profit or we can say it is a loss.
Step-by-step explanation:
The job paid Bob = $100000
The insurance cost is = $8,000
The material cost is = $15,000
The lease payments are = $8,000
The sales revenue is $120,000.
So, Bob's economic profit is:
Therefore, his economic profit is -$11000.
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Answer:
The cost of 1 gallon is $2.5
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Step-by-step explanation:
Given
Cost of 14 gallons = $35
Required
Determine the cost of 1 gallon
From the given parameters, we have:
Divide both sides by 14
Hence,
<em>The cost of 1 gallon is $2.5</em>
For this case we have that by definition, the Greatest Common Factor or GFC of two or more numbers, is the largest number that divides them without leaving residue.
So, we have to:
We look for the factors of 18 and 36:
18: 1,2,3,6,9,18
36: 1, 2,3,4, 6,9,18 ...
It is observed that the GFC of both numbers is 18.
Then, the GFC of and
is:
18x
Answer:
18x