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3 years ago

What do economists mean when they use the word "land"?

Business

2 answers:

Alja [10]3 years ago

6 0

To refer to all natural resources used to produce goods and services.

Ede4ka [16]3 years ago

4 0

In economics, the resource that encompasses the natural resources used in production

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Joseph exchanged land (tax basis of $34,000), that he had held for 4 years as an investment, for similar land valued at $42,000

brilliants [131]

Joseph should report a long-term capital gain of $8,000. The fact that Adrian assumed the mortgage does not affect Joseph's tax basis. The only relevant facts here are the fact that the land acquired in the exchange has a value of $42,000, and the tax basis of the parcel exchanged is $34,000. $42,000 - $34,000 = $8,000.

6 0

3 years ago

The flowtime of the last job in a single work centerâ€™s schedule is 7 days. What is the makespan of this schedule?

White raven [17]

Answer:

7 days

Explanation:

Makes-pan means the time it takes to complete a schedule. Last job took 7 days to complete and it was a single job, which means its makes-pan was 7 days as well.

8 0

3 years ago

After winning the lottery, you state that you are indifferent between receiving twenty $500,000 end-of-the-year payments (first

olga2289 [7]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

6 0

4 years ago

Three ounces of cinnamon cost $2.40. If there are 16 ounces in 1 pound, how much does cinnamon cost per pound?

egoroff_w [7]

As the three ounces of cinnamon cost=
$2.40,
so one ounce would cost 80 cents
now
. multiply 80 scents by 16 that is total number
so 80*16
so u will get that cinnamon costs $12.80.
hope it helps

4 0

4 years ago

Read 2 more answers

You run a nail salon. Fixed monthly cost is $5,093.00 for rent and utilities, $5,924.00 is spent in salaries and $1,370.00 in in

irina1246 [14]

Answer:

The indifference point is 290 services.

Explanation:

Current location:

Rent and utilities= $5,093

Salies= $5,924

Insurance= $1,370

Total fixed cost= $12,387

Contribution margin per unit= 116 - 4= $112

New location:

Rent and utilities= $11,944

Salies= $6,992

Insurance= $2,427

Total fixed costs= $21,363

Contribution margin per unit= 151 - 8= $143

First, we need to structure the total income formula (y):

Current location:

y= 112x - 12,387

New location:

y= 143x - 21,363

x= number of services

Now, we equal both formulas and isolate x:

112x - 12,387 = 143x - 21,363

31x =8,976

x= 289.55 = 290 services

The indifference point is 290 services.

Prove:

y= 112*290 - 12,387= $20,093

y= 143*290 - 21,363= $20,107

The difference is due to round up.

7 0

3 years ago