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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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Rasek [7]

Because the internet make it so much easier for consumers to do research before making decision.

Through the internet, the consumers could know the credibility of a certain product by reading past experiences of other consumers that have used it before. Not only that, the consumers might know the side effects of the product which might be intentionally hidden by the producer.

3 0
3 years ago
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Volbeat Corporation has bonds on the market with 10.5 years to maturity, a YTM of 6.2 percent, a par value of $1,000, and a curr
densk [106]

Answer:

The answer is 5.47 percent

Explanation:

Firstly, we find coupon payment (PMT).

it can be gotten from the price (present value) of bond formula:

PV = PMT/(1+r)^1 + PMT/(1+r)^2 ....... PMT + FV/(1+r)^n

N = 10.5 years

1/Y = 6.2 percent

PV = $945

PMT = ?

FV = $1000

Using a Financial calculator to input all the variables above,

Annual PMT = $54.72

Semi annual will be $54.72/2= $27.36

Coupon rate is Annual PMT /par value

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0.0547 or 5.47 percent

7 0
3 years ago
Which of the following represents an increase in labor productivity within a country? (1 point)
ivolga24 [154]

The option that represents the rise in labor productivity will be C. GDP increased from 200 billion dollars to 400 billion dollars, while total labor hours increased from 50 million to 75 million.

Labor productivity simply means the workforce productivity. It's the real ouput per labor hours. It's the amount of goods that are produced for a given time period.

An increase in labor productivity will be the increase in the GDP from 200 billion dollars to 400 billion dollars, while total labor hours increased from 50 million to 75 million.

Learn more about GDP on:

brainly.com/question/1383956

5 0
2 years ago
__________ is the value or want-satisfying ability that is added to products by organizations that make the product more useful
Ipatiy [6.2K]

Answer:

Utility

Explanation:

In economics satisfaction and pleasure is defined as a utility. When a person drinks water he/she gains utility that is a sense of satisfaction. The most important factor that increases or decreases the demand for a particular commodity is how much utility or satisfaction it provides to the end-user. Overall, the concept was first explained by Jeremy Bentham and John Stuart Mill.

8 0
3 years ago
Ronald Rawls and Zabian Bailey were in an auto accident in Bridgeport, Connecticut. Bailey rear-ended Rawls at a stoplight. Evid
guapka [62]

Answer:

Yes, Rawls could collect.

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It is possible that Rawls collects damages due to negligence. This is due to the fact that the main cause of the accident was not substantiated by the Progressive Northern Insurance Company. The company claimed that the accident could have been caused by a series of events and the company was also not certain about the main cause of the accident.

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