It means you have the potential to fully dedicate your time and interest in a country’s industry/economic life. Being a good economic citizen represents economic contributions and serves as a good role model to others
Answer:
(a) $35,000
(b) $8,000
Explanation:
(a) Accounting profit:
= Total revenue - Explicit cost
= $75,000 - (wages + Annual rent + Material cost)
= $75,000 - ($13,000 + $5,500 + $21,500)
= $75,000 - $40,000
= $35,000
(b) Economic Profit:
= Total revenue - Explicit costs - Implicit costs
= $75,000 - (wages + Annual rent + Material cost) - (Income from investment + Earnings as a potter + Worth of entrepreneurial talents)
= $75,000 - ($13,000 + $5,500 + $21,500) - ($5,500 + $19,000 + $2,500)
= $75,000 - $40,000 - $27,000
= $8,000
Answer:
Abbot makes a savings of $74,000 in the current year.
Review full presentation of answers in the attaches
Explanation:
The reason for a bimodel distribution is that a bimodal distribution may occasionally result from merging data from two processes or populations.
<h3>What is a bimodel distribution?</h3>
- Two modes comprise a bimodal distribution. In other words, the results of two distinct processes are integrated into a single collection of data.
- The distribution sometimes goes by the name "double-peaked." Consider the distribution of production data over two shifts in a manufacturing facility.
- Bimodal distributions frequently happen as a result of underlying events.
- A bimodal distribution, for instance, can be seen in the amount of patrons who visit a restaurant each hour because people typically eat out for lunch and dinner.
- The bimodal distribution is brought on by the underlying human behavior.
- If a data set has two modes, it is bimodal. This indicates that no particular data value has the highest frequency of occurrence. Instead, the highest frequency is tied between two data values.
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Customer social style refers to the method customers use when interacting.
In terms of personality, communication style, behavior, mental processes, and decision-making methods, customers differ.
<h3>Who is a Customer ?</h3>
A person who purchases goods or services from a shop, eatery, or other retailer is referred to as a customer.
A customer is any person or organization that makes a purchase from another firm. Customers are essential to businesses because they provide revenue; without them, they could not run.
No matter what industry you are in or what kinds of goods and services you provide, your clients are the most important component of your organization. Without the customer, there are no sales. As a result, they are essential in developing your marketing strategy and messaging.
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