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Natali [406]
3 years ago
5

Good Earth, a company manufacturing packaged food products, sets up its stores in Baltonia. However, a year later, the company c

loses the store down due to high operating costs. In such a scenario, the money spent in paying for the rent of the store in Baltonia would be an example of _____ costs.
Business
1 answer:
gulaghasi [49]3 years ago
6 0

Answer:

sunk costs

Explanation:

Based on the information provided within the question it can be said that this money spent would be considered an example of sunk costs. In the context of economics, this term refers to a cost that has already been spent and can no longer be recovered. Which in this case since they already purchased the store, they can no longer recover the money that they put into it.

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In a large city, two taxi companies own all the licenses that the city will grant to operate taxis. consumers don't care which c
liberstina [14]

Answer:

this situation can be classified as an duopoly

Explanation:

An duopoly is similar to a monopoly but instead of only supplier there are two suppliers that share total market power and control. Both companies also offer basically the same product or service. Competition exists between the companies but it is not significant, both companies decide to coexist. Customers are forced to choose between one company or the other.

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Andy just purchased a 2.5 acre vacant lot of land for $500,000. What was the price per square yard?
julsineya [31]

Andy just purchased a 2.5 acre vacant lot of land for $500,000. $41.32 per sq. yd price per square yard.

$500,000 ÷ 12,100 sq. yds. = $41.32 per sq. yd

What is square yard?

  • The length times the width, expressed in feet, must be multiplied by 9, and the result is the square yard (SQYDS). A square yard measures 9 square feet.
  • One billion is referred to as "yard" in finance. The word is derived from "milliard," which is comparable to the number one billion in American English and is used in various European languages.
  • Add the area to the conversion factor to convert a square yard measurement to a square foot measurement. The square yards multiplied by nine gives the area in square feet.
  • Add the length to the conversion factor to convert a yard measurement to a meter measurement. The yards times 0.9144 converts to the length in meters.

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brainly.com/question/13434616

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7 0
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Missy, age 30, has owned her principal residence (adjusted basis of $225,000) for five years. During the first three years of ow
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Answer:

The answer to the following question is attached within a word file.

Download docx
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