Answer: c.) - $25,000
Explanation:
Economic profit = Accounting profit - opportunity cost
Accounting profit = $150,000
Estimated return on bond investment = $100,000
Job earning = $75,000
Total opportunity forgone = (estimated return on bond investment + job earning)
Total opportunity forgone = $(100,000 + 75,000) = $175,000
Therefore, Victor's Economic profit equals :
$150,000 - $175,000 = - $25,000
Answer: Oligopolistic industries may promote technological progress.
Oligopolies may engage in limit pricing to keep out potential entrants.
Oligopolies can be kept in line by foreign competition. (A, B and D).
Explanation:
Oligopoly is a market structure with few large producers with strategic behavior. In an oligopoly, every firm's share of the total market is determined by advertising and product development.
The arguments in favor of oligopoly include the promotion of technological progress, engaging in limit pricing in order to keep out potential entrants and also oligopoly can be kept in line by foreign competition.
B. Place Utility.
Here, Carrie wants to open a boat shop right next to the beach, which conveniently locates the product (boats) near the point of use (the water). Therefore, Carrie is implementing utility from being close to potential customers who can use the product at the desired location.
Answer:Renting outdoor rock climbing equipment and heading to the national park for $15
Explanation: It’s similar to what you want to do just cheaper , all the other options over your budget , and swimming is not what you had in mind .
