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Mekhanik [1.2K]
2 years ago
10

If the firm is at point D and decides to increase the production of bike tires by 300 units, the opportunity cost will be truck

tires. If the firm is at point B and decides to increase the production of truck tires by 400 units, the opportunity cost will be bike tires.
Business
1 answer:
earnstyle [38]2 years ago
4 0

In a situation where the firm is at point D and an increase the production of bike tires by 300 units, the opportunity cost will be <u>200 truck tires.</u>

When the firm is at point B and decides to increase the production of truck tires by 400 units, in this case, the opportunity cost will be<u> 500 bike tires.</u>

Opportunity cost simply means the potential benefit that an economic entity loses when it engages in another activity.

Learn more about opportunity cost on:

brainly.com/question/481029

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John Jones owns and manages a café in Collegetown whose annual revenue is $5,000. Annual expenses are as follows:
OleMash [197]

Answer:

a.) $750

b.) Yes, the café is making an economic profit of $25 per year.

Yes, he should stay in the café business.

c.) No, the café is making an economic loss of $75 per year

No, he should not stay in the café business.

d.)$3,250

e.) $250

Explanation:

a) John's accounting profit is his revenue minus his explicit costs:$5,000 - $4,250 = $750

b) In this case, John's opportunity cost of running the café is $725 per year ($1,000 − $275 = $725). Thus, the café is making an economic profit of $25 per year ($5,000 − $4,250 − $725 = $25). Since the café is earning an economic profit, John should stay in the café business.

c) In this case, John's opportunity cost of running the cafe is $825 per year ($1,100 − $275 = $825). Thus, the cafe is earning an economic loss of $75 per year ($5,000 − $4,250 − $825 = −$75). Since the café is earning an economic loss, John should not stay in the café business.

d) John's accounting profit equals his revenue minus his explicit costs. If he doesn't need a loan, then his explicit costs equal $3,250. So, his accounting profit equals $1,750 (= $5,000 − $3,250).

e) To earn a normal profit, the café would have to cover all its implicit and explicit costs. The opportunity cost of John's time is $1,000 per year while the café's accounting profit is only $750 per year. Thus, the café would have to earn additional revenues of $250 per year in order for John to make a normal profit.

8 0
2 years ago
Salt Foods purchases forty $1,000, 7%, 10-year bonds issued by Pretzelmania, Inc., for $37,282 on January 1. The market interest
alexira [117]

Answer and Explanation:

The journal entries are shown below;

a. Investment Dr $37,282

      To Cash $37,282

(being the investment in bonds is recorded)

b.

Cash (($1,000 × $40) × 0.07 × 6 ÷ 12) $1,400

Investment  $91

   To interest revenue ($37,282 ×8% × 6 ÷ 12) $1,491

(Being the first interest payment is recorded)

5 0
2 years ago
What guidance identifies federal security controls.
pantera1 [17]

The Federal Information Security Management Act of 2002 is the guidance that identifies federal security controls.

<h3>What is the The Federal Information Security Management Act of 2002?</h3>

This is also known as the FISMA 2002. This guideline requires federal agencies to doe the following:

  • To document
  • To implement
  • To develop

Agency programs nationwide that  would help to support the operations of the agency.

Read more on federal agencies here:

brainly.com/question/8109105

3 0
2 years ago
Franklin, an employee of XYZ Publishing Company, hired Torrez, a freelance artist, to design the cover of a book, written by Che
MArishka [77]

Answer:

XYZ Publishing Company is the owner of the cover design.

Explanation:

When a business or even an individual hires someone to work for a specific job, the outcome of that job belongs to the employer.

For example, if I hire a carpenter and ask him to manufacture a specific type of chair that I like. Even f the carpenter contributed to the design of the chair, the chair and its design belong to me since I paid for it. Even if for some reason a lot of people like my chars and they ask the carpenter to manufacture more chairs, he would need my authorization to do it.

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How can learn about this app and it's functin any one looking forward to give me an idea​
Tems11 [23]
This app is like all the answers to what you need like math science English ETC it’s basically an app for Homework or Work
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