Answer:
$150,000
Explanation:
Given that
Total revenue = $800,000
Explicit cost = $450,000
Implicit cost = $200,000
The computation of the accounting profit is as shown below :-
= Total revenue - Total cost
= $800,000 - $650,000
= $150,000
Total cost = Explicit cost -Implicit cost
= $450,000 + $200,000
= $650,000
Therefore for calculating the accounting profit we simply deduct the total cost from total revenue.
Answer: Target market
Explanation:
Target market could be defined as those group who a producer deem fit to use his or her product. When a producer makes an item, he has a group of people in mind that would buy because they need it, those group of people are the target market. Every producer considered this.
The real estate agent target market are vegetarian because he's renting the houses for what it was specified to be
Answer:
Pocket books
Explanation:
Pocketbooks were founded in 1939 and revolutionised the whole publishing industry. The idea was to produce easy to carry books with inexpensive paperback reissues. The idea became an instant success and per book cost was almost 25cent. Following the success of US publisher Robert de Graff many other publishing companies across England started to manufacture pocketbooks.
