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katrin2010 [14]
3 years ago
6

Suppose that a business incurred implicit costs of $500,000 and explicit costs of $5 million in a specific year. If the firm sol

d 100,000 units of its output at $50 per unit, its accounting:a. profits were $100,000 and its economic profits were zero. b. losses were $500,000 and its economic losses were zero. c. profits were $500,000 and its economic profits were $1 million. d. profits were zero and its economic losses were $500,000.
Business
1 answer:
aliina [53]3 years ago
5 0

Answer:

d. profits were zero and its economic losses were $500,000.

Explanation:

Accounting profit = Revenue - explicit cost

Revenue = price × quantity sold

$50 × 100,000 = $5,000,000

Accounting profit = $5,000,000 - $5,000,000 = $0

Economic profit = Accounting profit - Explicit cost

Explicit cost is the opportunity cost of this production activity.

Economic profit = $0 - $500,000 = $-500,000

This is a loss

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You are considering a job that offers a pension of 80% of your highest yearly salary prior to retirement. You expect your highes
lara31 [8.8K]

Answer:

1,120,000 dollars

Explanation:

The pension income is 80% out of current salary of 70,000 dollars, therefore 56,000 dollars. For this to be future retirement stream savings must be at a level of 1,120,000 dollars or 56,000/0,05. This strategy would assume 5% return on savings or investments and the lifestyle in retirement equal to pre-retirement period. This strategy would also assume no additional post-retirement income.

7 0
3 years ago
what would you do if you were offered a promotion that you were not certain about accepting? What factors would you take into ac
Sati [7]

Answer:

Answer

Explanation:

I would most likely accept the promotion.

Several factors would influence my decision.

- The new scope of responsibilities

This will include all the additional risks and tasks that I will get by accepting the promotion. Taking new responsibilities might sound scary, and many people will be discouraged by this. But at some point, all great leaders are someone without any experience too. As long as we are open to criticism, we will adapt to our new responsibilities.

- the new pay raise

Economic gain usually comes with promotion. It will motivate me to do more for the company.

- The likelihood of me getting another promotion chance

Chances like this do not come often in our life. The fact that I'm offered a promotion means that the higher up has reviewed my previous work result and determine that I'm the best option for them. I would not let this chance go to waste.

3 0
3 years ago
Read 2 more answers
What is one reason to fill out the Free Application for Federal Student Aid (FAFSA), even if you do not expect aid?​
Valentin [98]
The FAFSA is handy to know what you could possibly get when applying to college to help pay for things even if you don’t expect aid you might get more than you think
5 0
2 years ago
A Japanese worker can produce 6 units of steel or 3 televisions per hour. A Korean worker can produce 8 units of steel or 2 tele
kifflom [539]

Answer:

2 and 4

Explanation:

Japanese worker can produce 6 units of steel or 3 televisions per hour.

Korean worker can produce 8 units of steel or 2 televisions per hour.

Opportunity cost is the cost of the lost alternative. So when the country decides to produce only televisions it has to give up on steel production. Thus, the units of steel forgone for each unit of television gained is an opportunity cost of a television.

Opportunity cost  = \frac{Units of Steel lost}{Units of Television gained}

Thus,

Opportunity cost of television for Japan = \frac{6}{3}  = 2

Opportunity cost of television for Korea = \frac{8}{2}  = 4

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3 years ago
Dyson cordless vacuum cleaners offer heavy-duty performance for cleaning all floor types. The Dyson is also very lightweight and
pav-90 [236]

Because the Dyson provides the user with really clean floors and carpets, the Dyson is an example of utilitarian value

<h3>What is a Utilitarian Value?</h3>

This refers to the value that is received by a customer based on task-related behavior where there is a functional product aspect.

Hence, we can see that based on the fact that Dyson cordless vacuum cleaners offer a service for a price of $599 and gives really clean floors, they are an example of utilitarian value.

Read more about utilitarian value here:

brainly.com/question/14570851

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3 0
2 years ago
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