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n200080 [17]
3 years ago
6

George earns $50,000 business profit per year by selling donuts. He pays $12,000 per year in rent to his Uncle Fred for the buil

ding in which his business is located. If his Uncle Fred gives him the building, then George's A. business profit will be unchanged. B. economic profit will be unchanged. C. implicit cost will decrease by $12,000 per year. D. All of the above are correct.
Business
1 answer:
Feliz [49]3 years ago
5 0

Answer:

None of the multiple choices is correct. The correct answer should be: "Business profit will increase by $12,000 per year"

Explanation:

$12,000 per year is the rental rate.

If his Uncle Fred gives him the building, George will not pay the rental fee. Thus, the business profit will increase by $12,000 per year.

If we consider about the economic profit or implicit cost, it will not change.

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<u>Answer:</u>

A. San Francisco-based Airbnb used #OneLessStranger to spark an international social media campaign in which it asked its community of customers to perform random acts of hospitality for strangers, then share a video or photo of themselves with the person they helped.

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<u>Explanation:</u>

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The inflation tax is the effect on the public of
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4 years ago
In a sponsorship proposal, where is it appropriate for organizations to discuss their accomplishments?
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Gross Domestic Product equals $1.2 trillion. If consumption equals $690 billion, investment equals $200 billion, and government
4vir4ik [10]

Answer:

imports exceed exports by $50 billion.

Explanation:

Calculation to determine how much imports exceed exports

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Hope this helps!
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3 years ago
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