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3 years ago

What issue about an economic factor of production does this headline describe?

Business

1 answer:

ohaa [14]3 years ago

6 0

pls follow me

Explanation:

The factors of production are resources that are the building blocks of the economy; they are what people use to produce goods and services. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.

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Hiro owns and operates a small business that provides economic consulting services. During the year he spends $57,000 on travel

tino4ka555 [31]

Answer: D. Since Hiro’s economic profit is negative, he would be better off if he didn’t operate the consulting business and taught economics instead.

Explanation:

Economic Cost is calculated by taking into account all costs, both Implicit and Explicit. Implicit Costs are also known as Opportunity costs and are referred to as the income you could be earning if you were doing the alternative.

Hiro's Economic Cost can hence be calculated by,

Economic Cost = Implicit costs + Explicit Costs

= (50,000 + 100) + 57,000

= <em>$107,000</em>

Subtracting that from his Revenue per year gives,

= 100,000 - 107,000

= -<em>$7,000</em>

Hiro is experiencing an Economic Loss by operating his business and would be better off Teaching Economics at the small local college.

8 0

3 years ago

Rates for having a manuscript typed at a certain typing service are $5 per page for the first time a page is typed and $3 per pa

Phoenix [80]

Answer:

Correct option is (D)

Explanation:

Given:

Cost for typing for the first time = $5 per page

Cost of revision = $3 per page each time.

Number of pages in the manuscript = 100

Cost of typing 100 pages for the first time = 100 × 5 = $500

Cost of 40 pages revised once = 40 × 3 = $120

Cost of 10 pages revised twice = 10 × (3 × 2) = $60

Total cost of manuscript = 500 + 120 + 60

= $680

4 0

3 years ago

Baillie Power leased high-tech electronic equipment from Courtney Leasing on January 1, 2021. Courtney purchased the equipment f

Sholpan [36]

Answer:

Beginning Installment Interest Ending

1 144,605.00 20,000 0 124,605

2 124,605.00 20,000 3,738.15 108,343

3 108,343.15 20,000 3,250.29 91,593

4 91,593.44 20,000 2,747.80 74,341

5 74,341.25 20,000 2,230.24 56,571

6 56,571.48 20,000 1,697.14 38,269

7 38,268.63 20,000 1,148.06 19,417

8 19,416.69 20,000 582.50 0

Journal entries:

Cash 20,000 debit

lease receivables 124,605 debit

Lease Equipment 144,605 credit

--Jan 1st

cash 20,000 debit

interest revenue 3,738.15 credit

--March 31st

cash 20,000 debit

interest revenue 3,250.29 credit

lease receivables 16749.71 credit

--June 30th

cash 20,000 debit

interest revenue 2,747.80 credit

lease receivables 17252.20 credit

--Sep 30th

cash 20,000 debit

interest revenue 2,230.24 credit

lease receivables 17,769.76 credit

--Dec 31st

Explanation:

<em><u>Present value of the lease payment:</u></em>

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 20,000

time 8 (eight quarters)

rate 0.03 (12% annual --> divided among four quarters = 3%)

$20000 \times \frac{1-(1+0.03)^{-8} }{0.03} = PV\\$

PV $144,605.6591

We build the table starting from the present value. Then, we subtract hte installment and in the second period we start doing interest calculations

(not in the firt one as it is being paid in the present thus, no interest accrued)

8 0

3 years ago

suppose a worker quits her job in order to look for new work. after a week or two of looking, she finds a new job. during her br

Alinara [238K]

Suppose a worker quits her job in order to look for new work. after a week or two of looking, she finds a new job. during her brief job search, she experienced frictional unemployment

<h3>What is frictional Unemployment</h3>

Frictional unemployment occurs when an individual is temporarily unemployed as a result of searching for new or better job.

This is a time of transition usually from an existing job to a new one.

Therefore, Suppose a worker quits her job in order to look for new work. after a week or two of looking, she finds a new job. during her brief job search, she experienced frictional unemployment

Learn more on frictional unemployment below,

brainly.com/question/11481076

#SPJ12

3 0

2 years ago

5. MBO was first described by a. Henry Minzberg b. Henri Fayol. c. Fredrick W. Taylor. d. Peter Drucker.

Studentka2010 [4]

Answer:

MBO was first described by Peter Drucker.

8 0

3 years ago

Read 2 more answers