Answer:Economic rent-$320,000
Opportunity Cost-80,000
Explanation:
Economic rent is the extra amount or addition earned by a production resource here and in this context,Mr Kurt is the resource.In this scenario,the extra amount he earned as a professional golfer having quit engineering for it and thus had a step-up(addition) of $320,000.
While the opportunity cost which known as the alternative forgone in order in favour of another alternative in a decision process here is $80,000.In this case,he had to forego engineering job($80,000) and therefore concentrate on professional golfing which paid him more(400,000) not omitting the fact that he could have engaged in the two jobs at same time.
Answer:
You should include why they should choose you and your good qualities
Answer:
The amount of account payable on October 31, 2015 would be $25,000.
Explanation:
Given information -
Opening account payable balance on October 1 - $40,000
Purchase made in the month of October is - $33,000
Now by adding both the opening balance and purchase , we will get the total amount to be payable for the month of October,
$40,000 + $33,000
= $73,000
Now it is given that Padilla industries have made some payments on account - $48,000
Subtracting this amount paid from total account payable , we will get how much amount is left to be paid in October ( 31 )
$73,000 - $48,000
= $25,000
Answer: A way to earn money.
Explanation: There are many other ways to earn, like selling drugs, or robbing a elderly woman who tries to hit you with her cheap shoulder bag. There are many ways.
Bad because than it gives no competition off other businesses which essentially is not good because than the monopoly will dominate and become way too powerful and totally crush the economy.
