Answer:
The answer is B.
Explanation:
Economic profit is the difference between total revenue and both explicit cost and implicit cost. i.e Total revenue - explicit cost - implicit cost.
Explicit cost is also known as accounting cost. They are the cost that are directly related to the production of goods and services while implicit cost is the opportunity cost of chosen to produce the goods and services.
In perfectly competitive market, firms continue to enter the when economic profit is still positive (with this, they are generating normal profit) but cease to enter when the profit drops to zero(with this, they are making loss)
So therefore, firms will enter until economic profits are zero.
The net present value of project A that Perit Industies plans to undertake is $-79,009.91.
<h3>What is the net present value?</h3>
Net present value is the present value of after-tax cash flows from an investment less the amount invested.
NPV can be calculated using a financial calculator
- Cash flow in year 0 = -165,000
- Cash flow in year 1 - 6 = 21,00
- Cash flow in year 6 = 9500
I = 14%
NPV = $-79,009.91.
Please find attached the complete question. To learn more about net present value, please check: brainly.com/question/25748668
Answer:
will be producing at the same output
Explanation:
A mode of exchange that implies a specific location for the transactions to occur and allows or fosters the negotiation of price-making is known as a market exchange.
<h3>What is a Market?</h3>
This refers to the place or location where buying and selling of any commodity take place.
Hence, we can see that based on the fact that a mode of exchange that implies a specific location for the transactions to occur and allows or fosters the negotiation of price-making is known as a market exchange.
Read more about market here:
brainly.com/question/25754149
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Answer:
d) 4 and 5.
Explanation:
Operational lag is the time interval between taking action and the impact of that pertaining action. In this question, No. 4 suggests an action has been taken as the congress passed the tax cut with a sign from the president. No. 5 suggests the impact of that action as the consumers started spending as the cut of taxes, which lead to the recovery of the economy.
