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MAVERICK [17]
4 years ago
13

Explicit and Implicit Costs) Amos McCoy is currently raising corn on his 100-acre farm and earning an accounting profit of $100

per acre. However, if he raised soybeans, he could earn $200 per acre. Is he currently earning an economic profit? Why or why not?
Business
1 answer:
loris [4]4 years ago
3 0

Answer:

No

Amos McCoy is earning an economic loss. His implicit cost ($200) is greater than his accounting profit ($100)

Explanation:

Economic profit it accounting profit less implicit cost.

Accounting profit is total revenue less total cost or explicit cost.

Implicit costs are opportunity costs.

Economic profit = $100 - $200 = $-100

Amos McCoy Is making an economic loss of $-100

I hope my answer helps you.

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ConAgra Foods is a global manufacturer of processed and packaged foods with revenues of $11 billion annually. It recently acquir
mojhsa [17]

Answer:

wholly owned subsidiary

Explanation:

A wholly-owned subsidiary is a form of subsidiary arrangement, between two companies, whereby a company is completely owned or its whole stock is bought by another company often referred to as Parent Company after the arrangement or the agreement of the acquisition.

It is also characterized by having control over its resources and specific mission, also operates independently.

Hence, in this case, the right answer is a wholly owned subsidiary

6 0
3 years ago
Which is an example of a semi-skilled worker?
Verizon [17]
A lifeguard would be an example of one.<span />
7 0
3 years ago
Read 2 more answers
Davis and Thompson have earnings of $850 each. The social security tax rate is 6% and the Medicare tax rate is 1.5%. Assuming th
Phoenix [80]

Answer:

127.50

Explanation:

850x2 employees=1700

1700x.075(7.5%)=127.50

8 0
3 years ago
In the 1990s, the technology revolution caused the wide-spread use of information technology in all areas of production, thus im
OverLord2011 [107]

Answer: The aggregate supply curve would shift rightward.

Explanation: When there is a new technological breakthrough that enables a firm to produce at a much lower cost, the aggregate supply curve shifts to the right. During the 1960s Green Revolution when there was improved seeding on basic crops like wheat and rice, by early 1990s, rice and wheat in low-income countries had grown considerably significantly using the Green Revolution seeds; same applies to the harvest that doubled per acre. A technological breakthrough that improves production and reduces production cost would increase aggregate supply - shifts the supply curve to the right - so that more quantity would be produced at any given price.

4 0
3 years ago
In ____ communication schemes the sender and receiver are linked and ready to send and receive
bazaltina [42]

Hello, Mandalou7124. Thanks for writing in.

You asked: In ____ communication schemes the sender and receiver are linked and ready to send and receive.

From that problem, you are asking to fill in the blank.

The answer that goes in the blank is Synchronous.

You would rewrite it like: In <u>synchronous</u> communication schemes the sender and receiver are linked and ready to send and receive.

Synchronous is like something is occurring but something else is happening at the same time. In this case, they are ready to send and receive.

7 0
3 years ago
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