Answer:
The input of land, labor, and capital. APEX
Answer:
The answer is E.
Explanation:
Standard cost are budgeted cost and are compared with actual cost at the end of the process to determine whether the variance is favorable or unfavorable.
Standard cost is based on the present cost for delivery a product or acquiring a product. Because present cost will be used for budgeting. Sometimes standard cost are based on historical cost will be used to determine the present cost.
The (D) Robinson-Patman act makes it a crime for a seller to sell at lower prices in one geographic area than elsewhere in the United States to eliminate competition or a competitor.
<h3>
What is the Robinson-Patman act?</h3>
- The Robinson-Patman Act is a federal statute that was created in 1936 to make pricing discrimination illegal.
- The Robinson-Patman Act amends the Clayton Antitrust Act of 1914 in order to prohibit "unfair" competition.
- The Robinson-Patman Act is a federal statute that prohibits pricing discrimination.
- The law prohibits wholesalers from charging varying pricing to different merchants.
- The act only applies to interstate commerce and includes an exemption for "cooperative associations."
- Economists and legal scholars have strongly opposed the measure on a variety of grounds.
Therefore, the (D) Robinson-Patman act makes it a crime for a seller to sell at lower prices in one geographic area than elsewhere in the United States to eliminate competition or a competitor.
Know more about Robinson-Patman act here:
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Complete question:
The __________ makes it a crime for a seller to sell at lower prices in one geographic area than elsewhere in the United States to eliminate competition or a competitor.
Multiple Choice
(A) Federal Trade Commission Act
(B) Wheeler-Lea amendment
(C) Gramm-Rudman-Hollings Act
(D) Robinson-Patman act
(E) Free Exercise Act
Answer:
Economic profit for the year is
Explanation:
The accounting profit will be Revenue - expenses (150,000-35,000) $ 115,000. However this problem requires us to calculate economic profit. Economic profit is different from accounting profit. While calculating it opportunity costs also become part of expenses as implicit costs. Detail calculation is given below.
Economic profit = 150,000 -35,000-20,000 = $ 95,000
50*12 =600 put 600$ a year
600(1.08)^6 the power represents 6 years and 1.08 represents the percentage. (its gain so remember to add the 1 with 0.08.)
You earn $952.12 .
