Answer:
A)$15,000
Explanation:
jones 100,000
king 200,000
lane <u> 300,000 </u>
Total 600,000
Assuming profit are distributed based on capital investment, jones will receive:
100,000/600,000 = 1/6 of the profit
proft x jones ratio = allocate income to Jones
90,000 x 1/6 = 15,000
This will be the amount of profit attributable to Jones.
Answer:
A) The GDP deflator is better than the CPI at reflecting the goods and services bought by consumers.
Explanation:
The GDP deflator measures the change in prices of all finished goods and services produced within an economy in a given year.
The CPI, on the other hand, measures the change in the price of a selected basket of goods and services, that corresponds with those that are most often bought by citizens, but is limited anyways in scope.
Therefore, we can safely conclude that the GDP deflator is a more comprehensive measure, even if it's used less frequently than the CPI.
Answer: This is the type of cost known as Sunk.
- sunk cost is a cost that has already been incurred and cannot be recovered. Sunk costs are contrasted with prospective costs, which are future costs that may be avoided if action is taken.
- A sunk cost refers to money that has already been spent and which cannot be recovered. ... Sunk costs are excluded from future business decisions because the cost will remain the same regardless of the outcome of a decision.
- The sunk cost effect is manifested in a greater tendency to continue an endeavor once an investment in money, effort, or time has been made. Evidence that the psychological justification for this behavior is predicated on the desire not to appear wasteful is presented.
I believe the correct answer is true. Diminishing returns will occur when investing in the same tqm initiative round after round. Diminishing returns<span> is the decrease in the marginal output of a production process as the amount of a single factor of production is incrementally increased, while all other factors of production stay constant.</span>
