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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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Andy just purchased a 2.5 acre vacant lot of land for $500,000. What was the price per square yard?
julsineya [31]

Andy just purchased a 2.5 acre vacant lot of land for $500,000. $41.32 per sq. yd price per square yard.

$500,000 ÷ 12,100 sq. yds. = $41.32 per sq. yd

What is square yard?

  • The length times the width, expressed in feet, must be multiplied by 9, and the result is the square yard (SQYDS). A square yard measures 9 square feet.
  • One billion is referred to as "yard" in finance. The word is derived from "milliard," which is comparable to the number one billion in American English and is used in various European languages.
  • Add the area to the conversion factor to convert a square yard measurement to a square foot measurement. The square yards multiplied by nine gives the area in square feet.
  • Add the length to the conversion factor to convert a yard measurement to a meter measurement. The yards times 0.9144 converts to the length in meters.

To learn more about square yard visit:

brainly.com/question/13434616

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7 0
2 years ago
Hicks health clubs, inc., expects to generate an annual ebit of $505,000 and needs to obtain financing for $1,080,000 of assets.
STatiana [176]
<span>they were rich in resources and thinly settled</span>
5 0
3 years ago
Mustang Corporation reports the following for the month of April: Finished goods inventory, April 1 $ 33,400 Finished goods inve
Yuki888 [10]

Answer:

$133,100

Explanation:

Given that,

Finished goods inventory, April 1 = $33,400

Finished goods inventory, April 30 = $27,300

Total cost of goods manufactured = $127,000

Cost of goods sold:

= Cost of goods manufactured + Beginning Finished goods inventory - Ending Finished goods inventory

= $127,000 + $33,400 - $27,300

= $133,100

Therefore, the cost of goods sold for April is $133,100.

5 0
4 years ago
Determine whether the study depicts an observational study or a designed experiment. A researcher obtained a random sample of 10
Anastasy [175]

Answer:

A. Observational study

Explanation:

An observational study measures the characteristics of a population by studying individuals in a sample, but does not attempt to manipulate or influence the variables of interest.

A designed experiment applies a treatment to individuals (referred to as experimental units or subjects) and attempts to isolate the effects of the treatment on a response variable.

Hence, we can see that proposed study is observational.

5 0
4 years ago
Is marketing strategy and competitive position the same thing
kirill [66]

Answer:

Technically yes

Explanation:

if you think about it marketing strategy and competitive position are the same thing bc lower and higher are in common

7 0
4 years ago
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