Answer:
Accounting profit - Your actual profit
Economic profit - Profit, but opportunity cost factored out
Explanation:
Accounting profit is how much you made (Revenue - Explicit Cost.
Economic profit includes implicit costs, or opportunity cost. If you could have made $100,000 at a different job, you subtract that. If Accounting-Economic profit is 0 or higher, you should stay in business.
Answer: Mutual mistake
Explanation:
A mutual mistake in a contract is a situation that arises when the parties in a contract make the same mistake in reference to a significant fact in the contract. i.e., they are mutually ignorant of a fact of the contract.
Had they both known about that mistake, they might not have gone into the contract so the contract is voidable in this scenario.
Both Walker and Sheerwood were mutually mistaken about the fact that Rose was pregnant when they went into the contract so this contract is voidable by this theory.
Answer:
the fixed dollar-pound exchange rate is consistently below the equilibrium exchange rate that would be produced by a private foreign exchange market.
Explanation:
Fixing an exchange rate means that the government is trying to intervene in valuation of its currency. It is fixing it's currencie's rate to another and using reserves to handle fluctuations in market price.
When the fixed rate is below equillibrum there is surplus of the countrie's currency at the fixed rate. The government will buy this surplus (if not the value will fall) by selling their foreign currency reserves. This is done to maintain the fixed exchange rate.
Reduced reserves of pounds noticed by the Central bank is as a result of fixed price below equilibrium.
Answer:
I do not know many rappers but if your exited im exited!
Explanation:
Answer:
The answer is A) Puts emphasis on the external environment, which plays a role in determining a company´s ability to achieve above-average returns.
Explanation:
The I/O Model of Above-Average Returns basically assumes that the industry in which a company decides to compete in has a much larger influence on performance (earnings and profit) than the choices the managers of this company make.
The basic assumptions of this organization model are:
- The external environment imposes pressures and constraints that determine the strategies of the company and will result in above average returns.
- It assumes competing companies control similar strategically relevant resources and pursue similar strategies.
- Resources are highly mobile across companies, so that any differences that might develop between companies will be short-lived.
- Decision-makers within the company are assumed to be rational and committed to acting in the company´s profit-maximizing behaviors.
