Answer:
Option (c) is correct.
Explanation:
Given that,
Highest level of activity = 3,700
Total cost at highest level of activity = $82,400
Lowest level of activity = 1,200
Total cost at lowest level of activity = $65,000
Here, we are using high-low method of cost estimation,
Variable cost per unit:
= (Total cost at highest level of activity - Total cost at lowest level of activity) ÷ (Highest level of activity - Lowest level of activity)
= ($82,400 - $65,000) ÷ (3,700 - 1,200)
= $17,400 ÷ 2,500
= $6.96
Fixed Costs:
= Total cost at highest level of activity - (Variable cost per unit × Highest level of activity)
= $82,400 - ($6.96 × 3,700)
= $82,400 - $25,752
= $56,648
Answer:
Could you be more clear!?
Explanation:
Answer:
The value produced by doing your own laundry
The costs of overfishing and other overly intensive uses of resources
The leisure time enjoyed by households
Explanation:
Gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year.
GDP calculated using the income approach sums up all the income earned by factors of production.
GDP calculated using the expenditure approach = Consumption spending + Investment spending + Government Spending + Net Export
Government spending on building is measured in the calculation of GDP as part of government spending.
Services rendered to ones self is not included in the calculation of GDP. So, the value produced by doing your own laundry is not included in GDP.
The effects of externality and pollution aren't included in the calculation luation of GDP. So, the costs of overfishing and other overly intensive uses of resources.
Enjoyment isn't added in the calculation of GDP.
Other items and activties not included in the calculation of GDP include:
A. Illegal activities
B. Transfer payment by government
C. Intermediate goods
I hope my answer helps you
Answer:
Just seven states — Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming — do not levy an individual income tax. Relatively few New Hampshire and Tennessee residents pay tax on their income, but because these states collect taxes on dividends and interest income, they were not included on this list.
Explanation:
Answer:
The correct answer is A. economists include opportunity cost in zero economic profit, while accountants do not include opportunity cost in zero accounting profit.
Explanation:
Because the economists include opportunity cost in their profit calculation, economic profits always tend to be lower than the accounting profits and economic losses does not necessarily mean that accounting there are accounting losses.
