Answer:
B) opportunity costs.
Explanation:
The $40,000 salary that Jamar gave up are part of his opportunity costs.
Opportunity costs are the costs (or benefits lost) from choosing one activity or investment over another alternative.
When you calculate the economic profit of a new project you must include all the implicit or opportunity costs that you incur or lose due to the new project:
economic profit = accounting profit - implicit costs
Answer:
A. A valid contract s long as the court can determining a reasonable price at the time for delivery
Explanation:
Answer: Julius is bound on this contract because Brutus had apparent authority
Explanation:
Based on the scenario and the information given, Julius is bound on this contract because Brutus had apparent authority.
Apparent authority simply refers to a scenario whereby means a principal in this case Julius is bound by the action of the agent that is, Brutus even though Brutus had no authority. Here, Anthony believed that Brutus had an authority to act not knowing that he had been fired.
similar occupations in different industries require similar skills.
Hope it helps
<span>In economics, the three stages of production are increasing average product production, decreasing marginal returns and negative marginal returns. It would be during the first stage that a firm must allocate its factors of production. Hope this answers the question.</span>