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Ivenika [448]
3 years ago
5

What is the difference between economic profit and producer​ surplus? A. Economic profit includes opportunity costs but produc

er surplus does not. B. Producer surplus includes variable costs but economic profit does not. C. Economic profit includes fixed costs but producer surplus does not. D. Economic profit includes marginal costs but producer surplus does not. E. Economic profit includes government taxes but producer surplus does not.
Business
1 answer:
forsale [732]3 years ago
5 0

Answer:

c

Explanation:

Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product

Producer surplus = price – least price the seller is willing to accept

Economic cost is accounting profit less implicit cost

Accounting profit= total revenue - explicit cost

Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

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Answer:

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Explanation:

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8 0
3 years ago
Lara Technologies is considering a total cash outlay of $250,000 for the purchase of land, which it could lease out for $35,000
o-na [289]

Answer:

opportunity cost = 30,000

Explanation:

The opportunity cost is the return in the alternative investment:

250,000 x 12% = 30,000 opportunity cost

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35,000 - 30,000 = 5,000 economic profit

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4 years ago
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4 years ago
True or false? until recently, the public health approach has been to focus on economic factors in seeking risk reduction.
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8 0
4 years ago
Home Depot selling plywood at wholesale prices during Hurricane Andrew could be considered, (Select the most appropriate answer.
ludmilkaskok [199]

Answer:

d. Possibly a profitable

Explanation:

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