Answer:
the solutions are below.
Explanation:
1. The wages and utility bills that Andrew pays is <u>explicit cost</u>
2. The rental income Andrew could receive if he choose to rent out his showroom <u>is implicit cost</u>
3. The salary Andrew could earn if he worked as a financial advisor s an <u>implicit cost</u>
4. The wholesale cost for the boats that Andrew pays the manufacturer is an <u>explicit cost.</u>
<u></u>
<u>accounting profit = </u>revenue - explicit cost
= 793000-[430000+301000]
=$62000
<u>Economic profit = revenune - [explicit cost + implicit cost]</u>
<u>= </u>793000-[430000+301000+50000+15000]
= 793000-796000
= -$3000
<u></u>
<u></u>
<u></u>
<u></u>
<u></u>
Answer: The cost is the increase in personal income tax rate, The benefit is the control of level of demand in the economy
Explanation:
Fiscal policy is the economic policy which has to do with the raising of revenue through taxation and other means and deciding on the level and pattern of expenditure. The fiscal policy is the responsibility of the executive branch of government handled by the ministry of finance. The fiscal policy can either be a expansionary fiscal policy or contractionary fiscal policy. It is expansionary when the expenditure is channelled towards the provision of capital projects aimed at increasing the level of liquidity in the economy. It can be a contractionary fiscal policy when the personal income tax rate is increased aimed at reducing the ability of people to buy more goods and services in the economy. Therefore, we can conclude the use of fiscal policy as a tool to pursue the goal of economic growth is to ensure that through the level and pattern of budgetary provisions and the means of financing the government can control the level of demand in the economy
Answer:
it means you can understand what a person is feeling in a given moment, and understand why other people's actions made sense to them. Empathy helps us to communicate our ideas in a way that makes sense to others, and it helps us understand others when they communicate with us.
Question Options:
A) economic order quantity
B) partial productivity
C) multifactor productivity
D) internal service quality
Answer: MULTIFACTOR PRODUCTIVITY.
Explanation: Multifactor productivity is also known as total factor productivity can be defined as the elements or influences that determines the output in production from the inputs. Like in this question, the company determined the inputs (wood, metal, fabric, labor hours, capital, and the electricity) required to produced an output (chair).
<span>One
firm that is historically low and deals with negatively correlated stock
markets is Gold Extraction Companies. They are have very low correction with
overall stock markets. The basic reason for this low correlation is that, as
the stock market become bearish, investor sentiment becomes weak, due to which
most of the investors withdraw their money from stock market. Now once investor
has withdrawn the money from stock market , they search on safe investments
which will provide them good reruns, Gold is one of the investment which is
relatively safe and provide high returns. Thus withdrawn money from the share
market is invested in gold by investors. Thus Gold prices and companies related
to extraction of gold have very less correlation to the gold.</span>
