Answer: A. $70,000
No
Explanation:
Opportunity cost is the cost of forgone opportunity. It is what Jing would have earned ($70000) if she didn't start her business.
Even though Jing is making an accounting profit, her economic profit is negative,$-20,000.
Economic profit = Accounting profit - Opportunity cost
The price of an item, the amount you pay per 100 grammes and comparison of quality and/or price from different brands/stores.
Answer:
B. increase; stay the same; stay the same
Explanation:
Bank reserves are compulsory deposits by the banks that they are required to not loan out( they are kept in the vault). Therefore, when a local bank decides to convert some of its U.S. Treasury securities into cash, this is an increase in assets. Since the cash is held in its vault, reserves will increase, liabilities will not be affected and owner’s equity will also not be affected. Therefore, the correct answer is B.
Answer: yes! Aww thanks, you too :))
Explanation: have a great day!!
