Answer:
Accounting Profit = $11,875
Economic Profit = $1,575
Explanation:
income from job = $10,000 /month
Rent which could have been earned = $300 /month
Office supplies = $75 /month
Increase in electricity bills = $50 /month
Income from home = $12,000 /month
(a) Accounting profit = Income - Costs
= $12,000 - ($75 + $50)
= $11,875
(b) Economic profit = Accounting profit - Opportunity cost
= $11,875 - ($10,000 + $300)
= $1,575
Answer:
unrelated diversification
Explanation:
According to my research on different business strategies, I can say that based on the information provided within the question this is an example of unrelated diversification. This is a type of diversification in which a business adds completely new and unrelated product lines to their business and enter new markets. Which is what Marigold Manufacturers Inc is doing since they sell home appliances and decided to enter into the market of women's fashion apparel.
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Since there now is a second store, the customers will need to be shared. This means that there are less customers in Jeff's business. Therefore the answer is D: demand for his hotdogs will decrease.
I'm pretty sure it's option D
Answer: I heard its the second option, I cannot verify that. But i do have the awnsers to every question for the final in Entrepreneruship, Its on quizlet labeled Entrepreneurship. 37 terms.
Explanation:
