Answer:
Explicit Costs: 1500+1750 = 3250.
Explicit Cost is the cost that is tangible and can be seen.
Implicit Costs & Opportunity Costs: 20000+4000 = 24000.
Implicit cost and opportunity cost will be the same here because they both represent the intangible cost that is foregone by choosing the next best alternative.
Economic Profit: Revenue - Explicit Costs - Implicit Costs
Therefore, the economic profit in this question will be,
45000-3250-24000 = $17480.
Although Britney is earning a profit of $17480 in 2012, from economic viewpoint, she is operating at loss because she could have earned $24000(Rent+Music) by just doing what she was doing previously.
Hope my answer helps you. Good luck.
Answer:
A) The policy would provide a maximum of $100,000 for each person who was injured, and no more than $300,000 for total injuries of all parties in the accident.
Explanation:
The auto liability insurance policy held by the driver is an example of a split limit liability insurance. The split limit insurance of 100/300/50 is explained thus:
$100,000 - bodily injury liability insurance per person
$300,000 - Total bodily injury liability insurance per accident
$50,000 - Property damage liability per accident.
Answer:
it's enjoy property
Explanation:
<h2>enjoy property</h2><h3>enjoy property</h3>
enjoy property
enjoy property
D Allocating is the correct answer
Answer:
D. a marketing strategy.
Explanation:
Based on the information provided within the question it can be said that in this scenario Juan and his colleagues have been developing a marketing strategy. This term refers to the overall plan that a business has created/chosen in order to reach the targeted audience to hopefully turn into customers which will purchase their products and therefore create revenue for the company.