A social relationship would include your co-workers and friends?
Answer: b. (200 airplanes, 12,500 cars) and (150 airplanes, 15,000 cars)
Explanation:
The opportunity cost of an airplane is 50 cars. This means that if the number of planes produced were reduced by 50, the number of cars should increase by:
= 50 * 50
= 2,500 cars.
In option B, the airplanes were 200 and then reduced by 50 to 150. This led to an increase in cars of:
= 15,000 - 12,500
= 2,500 cars
Option B therefore satisfies the constraints and is correct.
Answer:
Accounting loss of $5
Economic loss of $35
Explanation:
Accounting profit is the net of revenue and Explicit cost. Explicit costs are the cost which actually incurred or paid.
On the other hand the economic profit is the net of revenue, Explicit and Implicit costs. Implicit value is the opportunity costs of choosing the alternative.
Implicit cost = $30
Explicit cost = 90 + 115 = $205
Accounting Profit = Revenue - Explicit costs = $200 - $205 = ($5)
Economic Profit = Revenue - Explicit cost - Implicit cost = $200 - $205 - $30
Economic Profit = ($35)
Answer:
-The right to convert the shares to common shares
-The right to redeem the preferred shares for cash
Answer:
True
Explanation:
Using your resources wisely means using the smallest amount of resources to produce the greatest amount of output. In terms of the economic efficiency , when all goods and factors of production in an economy are distributed or allocated to their most valuable uses and waste is eliminated or minimized. Economic efficiency is when every scarce resource in an economy is used and distributed among producers and consumers in a way that produces the most economic output and benefit to consumers. Economic efficiency can involve efficient production decisions within firms and industries, efficient consumption decisions by individual consumers, and efficient distribution of consumer and producer goods across individual consumers and firms. Effective management is described a use staff, time and resources wisely to minimize unnecessary cost to the organization.
