<span>Implicit Cost Explicit Cost
The wholesale cost for the pianos that Darnell pays the manufacturer $452,000
The salary Darnell could earn if he worked as an accountant $48,000
The wages and utility bills that Darnell pays $301,000
The rental income Darnell could receive if he chose to rent out his showroom $38,000
B.
Profit ($)
Accounting Profit 842,000 - 452,000 - 301,000 = 89,000
Economic Profit 842,000 - 452,000 - 301,000 - 48,000 - 38,000 = 3,000
C. Economic Profit as an accountant = 48,000 + 38,000 - 89,000 = -$3,000. Thus, Darnell should stay in the Piano business to maximize the Economic Profit.</span>
You’re a broker writing an MLS policy for your firm. When and if listing data should be submitted to you for approval, want to include it.
Some listing services offer more exposure to resellers and more options for agents to represent buyers. In return, both brokers receive a sales commission.MLS regulations permit MLS data to be made available to MLS on additional Her websites unless otherwise directed by MLS's administrator.
MLS enables agents and brokers within a particular market to exchange information about real estate listings. It's useful for home sellers because it helps expose properties to a wider audience.
Learn more about data here: brainly.com/question/24309209
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The correct answer is letter "E": find the idea for his business.
Explanation:
There are no set of steps or books that could determine when entrepreneurs could start a business or not. Most ventures are engaged by recognizing an opportunity and matching it with strengths individuals have that could make the plan work. Proper assessment and partnership are vital in this stage for the venture not to be affected by the initial challenges of entering into a market.
If Arnold has found he has an entrepreneurial spirit, then, he should spot different opportunities in the market for him to take one and develop a business idea.
Answer:
Option A Planning
Explanation:
The company is focusing on planning which tells about the pros and cons of the investment opportunity. This means planning tells about what issues the company would face after assessing the market research and then the company will form an opinion whether or not the company must invest. This process enables to choose the best option among a number of opportunities due to limiting factors (limited amount of money in this case) which limits the company to invest in coming future.
Answer:
$1.07
Explanation:
The marginal cost measures the change in total cost of adding on more worker divided by the change in product for this additional worker (marginal product of labor). When adding one more worker, costs will increase by $80 (wage rate), while product will increase by 75. Therefore, the marginal cost is:
The marginal cost is $1.07.
