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nata0808 [166]
2 years ago
11

Lauren is the owner of a bakery. Last year, her total revenue was $145,000, her rent was $12,000, her labor costs were $65,000,

and her overhead expenses were $15,000. If she could earn $53,000 working for another bakery nearby, we know that her economic profit was A) $53,000. B) $65,000 ? C)$0. D) $145,000.
Business
1 answer:
Eddi Din [679]2 years ago
7 0

Answer:

So if you subtract the cost of everything for her bakery she still comes out with making 53,000, so if she left she would not earn any profit because she would be making the same.

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Suppose the current issue of The New York Times reports an outbreak of mad cow disease in Nebraska, as well as the discovery of
Svetach [21]

Answer:

Price and quantity of chickens sold will increase.

Explanation:

Due to the prevalence of the mad cow disease, demand for cow meat will go down. Since chicken is a substitute for cow meat and there is a breed that grows twice as much with the same feeds, the demand for chicken will rise.

In economics when other factors apart from price changes it results in demand shift. In this instance demand will shift to the right.

As illustrated in the attached diagram, there will be higher quantity demanded at higher prices than before.

4 0
3 years ago
A company has revenues of $100 during Year 1. Each year their profit is 20% of revenue. Revenue is growing 15% per year. How muc
oksian1 [2.3K]

Answer:

$406.07

Explanation:

Revenue for year 1 = $100

Profit = 20%

Growth rate of revenue, = 15% per year = 0.15

Now,

year 1 is the base year thus, take it as n = 0

Revenue for the year = $100 × ( 1 + r )ⁿ

Profit = 20% of [$100 × ( 1 + r )ⁿ]

Year       n              Revenue               Profit

  1           0            $100( 1 + r )⁰            $20

  2          1            $100( 1 + r )¹             $23

  3          2            $100( 1 + r )²            $26.45

  4          3            $100( 1 + r )³            $30.4175

  5          4            $100( 1 + r )⁴            $34.98

  6          5            $100( 1 + r )⁵            $40.227

  7          6            $100( 1 + r )⁶            $46.261

  8          7            $100( 1 + r )⁷            $53.2004

  9          8            $100( 1 + r )⁸            $61.1804

  10         9            $100( 1 + r )⁹            $70.357

   Hence,

Total profit for the year 1 - 10 = $406.07

5 0
3 years ago
Bighorn sheep are beautiful wild animals found throughout the western United States. Let x be the age of a bighorn sheep (in yea
sladkih [1.3K]

Answer:

Answer for the question:

Bighorn sheep are beautiful wild animals found throughout the western United States. Let x be the age of a bighorn sheep (in years), and let y be the mortality rate (percent that die) for this age group. For example, x = 1, y = 14 means that 14% of the bighorn sheep between 1 and 2 years old died. A random sample of Arizona bighorn sheep gave the following information:x 1 2 3 4 5y 14 18.9 14.4 19.6 20.0 (a) Draw a scatter diagram. (3 points)(b) Find the equation of the least-squares line, and plot the line on the scatter diagram of part (a). (3 points)(c) Find the correlation coefficient r. Find the coefficient of determination . What percentage of variation in y is explained by the variation in x and the least squares model? (4 points)

is given in the attachment.

Explanation:

5 0
3 years ago
A company wants to set up their headquarters in Spain where the corporate tax rates are as follows: 11% of first $40,000 profits
cupoosta [38]

Answer:

The correct answer is $240,000 and $76,030.

Explanation:

According to the scenario, the computation for the given data are as follows:

Total Revenue = $350,000

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Allowable tax deduction = $10,000

So,Taxable income = $250,000 - $10,000 = $240,000

Tax to pay:

11% on first $40,000 = ( 11% × $40,000) =$4,400

22% on next $26,000 = ( 22% × $26,000) = $5720

39% on next $29,000 = ( 39% × $29,000) = $11,310

42% on ($240,000 - $110,000) = ( 42% × $130,000) = $54,600

So, Total tax payable = $4,400 + $5,720 + $11,310 + $54600

= $76,030

3 0
3 years ago
1. Which of the following are examples of plagiarism? (Chose multiple answers for this question)
IgorC [24]
It’s b for 1 and 2 is d
5 0
3 years ago
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