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zimovet [89]
3 years ago
10

Pure economic rent is:

Business
1 answer:
shutvik [7]3 years ago
8 0

Answer:

A. The payment to factors whose supply is perfectly inelastic.

Explanation:

This means that this factor of production need to be purchase regardless of the price change, otherwise the business operation couldn't continue.

One example of a pure economic rent is the cost of latex for rubber glove manufacturer. Since latex is the main ingredients for the product, that company still have to buy it even if the price of the latex is increasing (inelastic) . Otherwise, the company need to shut down its operation.

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Olive Tree Products sold 86,000 units during the last period when industry volume totaled 334,000 units. The company originally
mrs_skeptik [129]

Answer: See explanation

Explanation:

Actual units sold = 86000

Budgeted units sold = 89000

Budgeted selling price = 59

Budgeted variable cost = 34

Budgeted contribution margin = 59 - 34 = 25

Budgeted market share = 20%

Acual industry volume = 334000

Standard units sold = 20% × 334000 = 66800

Sales activity variance:

= (Actual units sold - Budgeted units sold) × Budgeted contribution margin

= (86000 - 89000) × 25

= -3000 × 25

= 75000 Unfavorable

Market share variance will be:

= (86000 × 25) - (66800 × 25)

= 2150000 - 1670000

= 480000 Favorable

Industry volume variance:

= (66800 × 25) - (89000 × 25)

= 1670000 - 2225000

= 555000 Unfavorable

6 0
3 years ago
What did antonie van leeuwenhoek call his discovery
EleoNora [17]

Answer:

Antonie Van Leeuwenhoek called his discovery "wee animalcules"

Hit brainliest if this was helpful :)

3 0
2 years ago
Characteristics of natural resources​
mamaluj [8]

Explanation:

the characteristics are as follows:-

1. Natural resources are useful, profitable and beneficial .

2. Natural resources have limited availability.

3. They are potential for depletion or consumption.

4. Natural resources are non-renewable sources in nature.

6 0
3 years ago
In his speech, George plans to convince his audience to buy a refillable water bottle instead of disposable water bottles. What
Natasha2012 [34]

Answer: Persuasion

Explanation: Persuasion can be define as the act of influencing someone or changing their mindset. In such case, the one persuading other must have his own mind set.

In the given case, George wants the audience to change their mindset of using plastic bottles as they are harmful for environment.

Thus, from the above we can conclude that the purpose of George behind his speech is persuasion.

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Jack and john were recently dumped by their girlfriends. jack believes that his girlfriend broke up with him because she is a se
Lady_Fox [76]
Jack is making an assumption while john is making a believable excuse
6 0
3 years ago
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