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Feliz [49]
3 years ago
13

What is the difference between factor payments and profits

Business
1 answer:
Mariana [72]3 years ago
3 0

Answer:

here is some differences which is

Explanation:

Yet, just as we differentiate between daily use and the traditional sense of economic terms, a number of economists–and Econ textbooks–introduce a concept known as "economic profit." While the difference between the revenues of the companies and the costs of the factors they generate is natural, or accounting, income is the difference between the revenues of the company and the costs of those factors. Since it consists of the comparison of alternatives, economic benefit is seen as a reward for business— the making of economic decisions and taking of risks. Some go so far as to describe enterprise as a separate output factor,

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Orange​ juice, a raisin​ bagel, and a cup of coffee from​ Kelly's Koffee Kart cost a total of ​$2.40. Kelly posts a notice annou
Hoochie [10]

Answer:

orange juice 0.80 dollar

Bagel 1 dollar

coffe 0.60 dollar

Explanation:

We construct the equation system:

\left \{ {A+B+C = 2.40} \atop {1.5A+1.2B+C = 3}} \right.

We subtract one from another to get an expression without C:

1.5A+1.2B+C - (A+B+C) = 3   -  2.40

0.5A + 0.2B  = 0.6

Then, we solve in the first part to express B as an expression of A

considering the coffe is worth half of the new cost of A

C = 1.5A / 2 = 0.75A

A + B + C = 2.40

A + B + 0.75A = 2.40

B = 2.40 - 1.75A

And now we replace in the other expression to get A:

0.5A + 0.2(2.40 - 1.75A) = 0.6

0.5A - 0.35A + 0.48 = 0.60

0.15A = 0.12

A = 0.12/0.15 = 0.8

Now we solve for C:

C = 0.75A = 0.6

Last, for B:

A + B + C = 2.40

0.8 + B + 0.6 = 2.40

B = 2.40 - 0.8 - 0.6 = 1

8 0
3 years ago
refer to the accompanying national income data (in billions of dollars). the gross domestic product for this economy is
jeka94

Answer: $623 billion

Explanation:

Gross Domestic Product refers to the final value of the goods and services produced within a country in a certain period which is usually a year.

It can be calculated by several approaches with one of them being the Expenditure approach.

The formula is:

= Consumption + Investment + Government spending + Net exports

= 400 + 88 + 128 + 7

= $623 billion

4 0
3 years ago
Which of the following statements is true regarding the effect of group cohesiveness and performance norms on group productivity
ikadub [295]

At the point when both cohesiveness and performance norms are high, productivity will be high.  

<u>Explanation</u>:

It is genuine with respect to the impact of gathering cohesiveness and execution standards on bunch profitability.

Gathering cohesiveness is one of the trademark highlights of the gatherings, which is significant from the behaviouristic perspective. Cohesiveness is how much the gathering individuals are pulled in to one another and are persuaded to remain in the gatherings. Cohesiveness characterizes the level of closeness that the individuals feel with the gatherings. It is comprehended as the degree of preferring every part has towards others in the gathering and how far everybody needs to stay as an individual from the gathering.  

"Cohesiveness alludes to the degree of solidarity 'in the gathering and is reflected in individuals' adjustment to the standards of the gathering, the sentiment of fascination for one another and needing to be co-individuals from the gathering." Attraction, cohesiveness, and similarity are altogether interwoven. The more the individuals feel pulled in to the gathering, the more noteworthy will be the gathering cohesiveness. The more noteworthy the cohesiveness, the more prominent the impact of the gathering individuals to convince each other to adjust to the gathering standards. The more prominent the congruity, the more noteworthy the character of the individuals to the gathering and the more noteworthy the gathering cohesiveness.

8 0
3 years ago
Focusing a supply chain on ________________ is a modern way of ensuring high-quality inputs and extending an organization’s cont
Vladimir79 [104]

Answer:

The correct answer is letter "D": close, collaborative ties with suppliers.

Explanation:

A Supply Chain is a network of organizations that work in the production and distribution of a good. The network is managed by the manufacturer from gathering the raw materials until a final good is provided to end-consumers. The relationships between<em> suppliers, producers, distributors, retailers, </em>and <em>customers</em> are vital for the sustainability of the firm.  

<em>To ensure the high-quality of the production, most companies aim to establish strong bonds with their suppliers by promoting mutual efforts in an attempt to maximize each others' profits.</em>

3 0
3 years ago
The objective on your résumé should state your long-term career goals. Please select the best answer from the choices provided T
LenaWriter [7]
The answer false because the objective of the resume is usualy one or two sentences long. 
4 0
3 years ago
Read 2 more answers
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