Answer:
In addition to the explicit costs and revenues used by accountants, economists include all implicit costs and revenues when calculating profit. This means that they include opportunity costs and changes in the value of any assets owned by the firm.
Explanation:
accounting profit = total revenues - total explicit costs
- explicit costs include all the actual measurable expenses like manufacturing costs, selling costs, etc.
economic profit = accounting profit - opportunity (implicit) costs
- opportunity or implicit costs are extra costs incurred or benefits lost from choosing one activity or investment instead of another one
<span>A domain can be realized in three different ways. The first way is by user, meaning that access depends on who the particular user is. The second way is how the domain is accessed, meaning, the procedure involved. The last way that a domain can be realized is through the process, meaning, the domain can be realized based on what process is being used to access it.</span>
Answer:primary boycott
Explanation:Primary boycott means a boycott by a labor union and its members to stop consumers from using, purchasing, and transporting a particular employer's or a specific company's products, goods, or services.
To boycott means to stop buying or using the goods or services of a certain company or country as a protest.
Answer:
Decision on the margins
Explanation:
Pool time seems to be having a greater effect at the moment, it makes sense for his to spend a bit more time in the pool and a bit less time on the bike.
However, this does not mean that it makes sense for her to spend all his time in the pool and no time on the bike. If he cut out all training on the bike, the value of a little bit of bike training might be higher than the value of the last hour of pool training. Dimitri does not treat biking versus swimming as an all-or-nothing decision. He makes small changes at the margin in the number of hours spent training for each activity.
Also they both realise that his time is fixed (20hrs) and anytime he wants to spend extra on one activit, is time he cannot spend on another (opportunity cost).
They are both trying to improve Dimitri's total time (exploiting opportunities to makes themselves better off).
An assumption that Dimitri realises that as he spends more time in the pool improving his swim time, his run and cycle times will suffer. As he swims more, his improvement is likely to slow down, while spending less time on cycling and running will cost him progressively more in terms of time.
Conclusion Dimitri is looking at the margins. His wife on the other hand, is not, she is ignoring the interaction, may be forgetting the decreasing improvements in swim and increasing deterioration in the other 2 legs.
Answer:
Orange Co.'s budget will include the cost of production, which is made up of raw materials, direct labor, and manufacturing overhead. The above cost of production and the accompanying items will not be found in the budget of Pineapple Company. The latter's budget will focus on purchase of goods for sale (instead of raw materials) and inventories of finished goods (instead of raw materials and work in process). Orange Co. determines its product cost per unit from the cost of production divided by the quantity produced. Pineapple Company's product cost is based on the purchase price of goods, which includes the manufacturer's profit.
Explanation:
The operations and accounting for the cost of production of Orange Co. will be different from Pineapple Company's. The difference is a reflection of their statuses as manufacturer and merchandiser respectively. Orange Co. manufactures and sells goods while Pineapple Company sell manufactured goods.
