True this is to avoid safety hazards
There are many different types of advantages for different people. If you own your own small business then you can choose what hours you have to work, and what hours your employees have to work. The downside to that are numerous things, you are accountable for what your employees do and you have to figure out what to do about it. I don't know if this was what you were looking for but there's my answer.
Answer:
The correct answer is C. The firm is producing at the point where marginal cost equals average cost.
Explanation:
According to the cost curve, if the marginal component is exactly equal to the total cost, the average total cost is the minimum. If the marginal cost equals variable cost, the moving average cost is the minimum.
Answer:
accounting profit 51,000
economic loss 3,000
Explanation:
the accounting profit will consider only the explicit cost
revenue 100,000
rent expense (4,000)
salaries expense (40,000)
utilities expense<u> (5,000) </u>
net income 51,000
while, economic profit will consider the opportunity cost of each factor too.
accounting income 51,000
opportunity cost for wages factor (50,000)
opportunity cost for capital facotr<u> (4,000)</u>
economic loss (3,000)
