Answer: Option B
Explanation:
A. Explicit cost are the cost paid to others in return of their service. Hence Option A is incorrect.
B. Revenue is the total amount of earnings a company have before deducting for expenses. Hence Option B is correct.
C. Accounting profit means (Revenue - explicit cost) . Hence Option C is incorrect.
D. Economic profit means (Revenue - explicit cost - implicit cost) . Hence Option D is incorrect.
Answer:
B
Explanation:
As more consumers move in, the demand curve for the store's products would increase (shift to the right) as it is influenced by factors other than price.
While option A could be an eventual outcome, it would only follow an increase in Demand. Note that a change in price would result in movement along the curve.
There is not sufficient information to support Option C
Option D is wrong because higher demand would result in higher revenues, assuming all else remains constant.
You have access to online and Mobile banking ATM’s and the use of debit card.
Answer:
$27.33
Explanation:
For computing the one share of the common stock after six years from now first, we have to determine the price of the common stock which is shown below
Price of the common stock = Next year dividend ÷ (Required rate of return - growth rate)
= $2.05 ÷ (11.2% - 2.50%)
= $23.56
The growth rate is
= ($2.05 - $2) ÷ ($2)
= 2.50%
Now the one share of the common stock after six years is
= $2 × 1.025^7 ÷ (11.2% - 2.50%)
= 2.3773715073 ÷ 8.7%
= $27.33
Answer:
Rent-seeking is the effort to increase one's share of existing wealth without creating new wealth. Rent-seeking results in reduced economic efficiency through misallocation of resources, reduced wealth-creation, lost government revenue, heightened income inequality, and potential natoinal decline
Explanation:
Rent-seeking is the effort to increase one's share of existing wealth without creating new wealth. Rent-seeking results in reduced economic efficiency through misallocation of resources, reduced wealth-creation, lost government revenue, heightened income inequality, and potential national decline
