Economic profit is calculated as:
Economic profit = Total Revenues – Total Cost
Total cost both includes explicit and implicit cost. In
this case, the explicit cost is $8,000 while the implicit cost is $64,000.
Explicit cost is a direct payment made to run the business while implicit cost
is the opportunity as accountant that is lost. Therefore,
Economic profit = $150,000 – ($8,000 + $64,000)
<span>Economic profit = $78,000</span>
IBM's Smarter Planet campaign markets IBM as a company that provides innovative solutions that improve the world's IQ. This is an example of organization marketing.
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Explanation:</u></h3>
Marketing function plays a vital role in the success of any company. It is the process by which the companies will first find the potential markets for selling their products and then promote their products saying how they vary from the other similar products.
Organisation marketing is the strategy that is being used by the business but a difference is that here customers will buy their products and do not used those products personally. In the example given, IBM markets innovative solutions that helps in improving the Intelligence Quotient. This acts as an example of organization marketing.
Answer:
The variable cost per unit is $1.54
Explanation:
Variable costs are those cost which vary with the change in production of units means higher the production higher cost and lower production will result in lower cost e.g Material cost, labor cost etc.
On the other hand fixed cost the cost which does not vary with the production of units. It is fixed no matter what is the level of production.
According to given data:
Total Cost = $500,000
Fixed Cost = $260,000
Variable cost = Total cost - fixed cost
Variable cost = $500,000 $260,000
Variable cost = $240,000
Number of units = 156,000
Variable cost per unit = $240,000 / 156,000 = $1.54 per unit
Answer: The rate at which he is willing to substitute one good for the other
Explanation: Indifference curve shows the combination of two goods that give the consumer the same level of satisfaction. the slope of this indifference curve shows how much the consumer is willing to substitute one good for the other in order to keep utility constant.
Slope of Indifference curve for soda and chips shows how much soda Timothy is willing to substitute to get 1 additional unit of chips.
So, the correct option is the rate at which he is willing to substitute one good for the other.
Presentation mode will be maintained on the display. The presentation mode will continue to be active when switching between worksheets.
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What is a presentation mode?</h3>
Users who need uninterrupted use of their software might use the presentation mode option. It assists in removing any bothersome pop-up windows, reducing CPU consumption, and preventing any disruption from antivirus operations.
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How do I turn on presentation mode?</h3>
Use the shortcut keys Win + X on the keyboard. Select Mobility Center by clicking on it. To turn it on, select the Turn on button under Presentation Settings. Presentation Mode has been turned on.
<h3>What use does presentation mode serve?</h3>
In Present view, the audience may see your slides on the main screen while you control the show on a screen that is only accessible to you.
Learn more about presentation mode: brainly.com/question/14823196
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