<span>His accounting costs will be explicit costs - the cost to buy the corn, the cost to maintain the land, to maintain the crops, harvest the crops, to transport them to the market. Economic costs include the implicit costs - the rent that Mr. Jernigan could be earning if he rented the land to another farmer, and is not earning now.</span>
Answer:
$375
Explanation:
1 point on stock is equal to $1
1 point on bond is equal to $10
3/4 point on stock is equal to $0.75
3/4 point on bond is equal to $7.5
Since the increase is 3/4 of a point, so the overall increase in the value of bond and shares based on the number of shares and bonds given in question shall be calculated as follows:
Total increase in the value of holding=0.75*300+20*7.5=$375
Answer: New harvesting equipment for the farm
In vertical analysis of the income statement, we usually express each income statement item as a percentage of: sales.
<h3>What is income statement?</h3>
Income statement can be defined as the statement that help to show the income and expense of a company in which when the income is higher than the expense it is net income and when the expense is higher than the income it is net loss.
In vertical analysis of the income statement the income statement item is often express as a percentage of sale.
Therefore the correct option is D.
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Answer:
The concept of utility
Explanation:
According to the concept of diminishing marginal utility, consumers will purchase more of a good when the price falls only in the situation when perceived benefits from the consumption of the good exceed the price. When consumers realize that the perceived benefits are no more worth spending, the quantity demanded of the particular good will decrease.