The economic profit of a firm includes the opportunity costs of all resources used in production. What do these opportunity costs measure?
Answers
The worth of resources when put to their best possible use. Applying the following formula, opportunity cost is determined as follows: Opportunity Cost is calculated as Return on the Most Profitable Investment - Return on Investment Pursued.
Economic profit is the sum of money that is left over after revenue has been reduced by opportunity costs as well as explicit costs. The profits that a company forfeits by choosing one business endeavour over another are known as opportunity costs. An entrepreneur who runs a firm, for instance, could utilise her labour to pay the bills at a job.
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The opportunity costs included in the economic profit of a firm measure the value of the resources that could have been used in alternative production methods or invested in alternative opportunities.
These costs represent the forgone profits or benefits that the firm could have received if they had chosen a different course of action. By including opportunity costs in the calculation of economic profit, the firm is able to make a more accurate assessment of its true profitability and make more informed decisions about how to allocate its resources in the future. The opportunity costs in the context of economic profit measure the value of the best alternative use of resources that a firm could have chosen instead of using them for their current production.
These costs take into account the potential benefits or profits the firm could have earned by allocating the resources to a different venture or investment. By considering opportunity costs, a firm can make better decisions about the most efficient and profitable use of its resources.
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Related Questions
On September 3, 2018, Able, a single individual, purchased § 1244 stock in Red Corporation from his friend Al for $60,000. On December 31, 2018, the stock was worth $85,000. On August 15, 2019, Able was notified that the stock was worthless. How should Able report this item on his 2019 tax return?
Answers
He should ask them why it was worthless then after a while of thinking maybe have and idea on how to use it again
Machine has three speed settings, low medium fast the low setting produces 110 units with a 90% quality rating the medium setting produces 120 units with an 80% quality rating in the fast setting produces 140 units with a 70% quality rating if each unit sells for $20 what shutting makes the company the most money in sales win percentage not meeting quality standards cannot be sold
Answers
The low setting makes the company the most money in sales, with a total revenue of $1980
To determine which setting makes the company the most money, we need to calculate the total revenue generated by each setting while taking into account the quality rating. For the low setting, the company produces 110 units with a 90% quality rating, which means that 10% of the units are not sellable. So, the total number of sellable units is 110 x 0.9 = 99 units. The revenue generated from selling these units is 99 x $20 = $1980. For the medium setting, the company produces 120 units with an 80% quality rating, which means that 20% of the units are not sellable. So, the total number of sellable units is 120 x 0.8 = 96 units. The revenue generated from selling these units is 96 x $20 = $1920.
For the fast setting, the company produces 140 units with a 70% quality rating, which means that 30% of the units are not sellable. So, the total number of sellable units is 140 x 0.7 = 98 units. The revenue generated from selling these units is 98 x $20 = $1960.
Therefore, the low setting makes the company the most money in sales, with a total revenue of $1980
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You will write a draft of introductory email or communication to request a job shadowing experience or interview with a member of the community who works in a helping profession. The first paragraph should define the request for the job shadow experience/interview, including dates, times, and expectations of the job shadow experience. In the second paragraph, describe yourself including your career and personal goals and alignment to the job shadow experience, e.g., what you hope to learn. The third paragraph should close the request
Answers
Answer:
https://prehealth.wisc.edu/wp-content/uploads/2016/06/Sample-Shadowing-Request-E-mail.pdf
Explanation:
i made this link for you, its an essay
During the 1920s and early 1930s, the Rosedale Shoe Factory was able to prevent workers from forming a union by requiring them to sign an employment contract in which they agreed not to join a union as a condition of employment. Rosedale Shoe Factory was making use of
Answers
Answer:
yellow-dog contracts.
Explanation:
A yellow-dog contract required workers to agree not to join a union as a condition of employment. This type of contract was declared illegal by the Norris-LaGuardia Act in 1932.
Oreo cookies are now extremely expensive to purchase. Instead of buying oreo cookies, i now want to buy chips ahoy. What determinant of demand does this likely fall under?.
Answers
In economics, the determinant of demand that this scenario fall under , when you go for chips ahoy because Oreo cookies are now extremely expensive is Change in Price of Substitute Good.
What is Substitute Good?
A substitute good can be regarded as product or service that is been used as alternative for other goods.
It should be When the price of a substitute good rise, then demand for the other substitute as well will rise.
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Keri is making doll clothes for a holiday craft show. the wholesale cost of the materials for one outfit is $9.38. if she sells an outfit for $15, what is the percent of markup? round to the nearest percent.
Answers
The percent of markup is calculated by dividing the selling price by the cost of the materials:
Markup % = (Selling Price / Cost of Materials) x 100
Rounded to the nearest percent, the markup is 60%.
The percent of markup for Keri's doll clothes can be calculated by using the formula:
Markup Percent = [(Selling Price - Wholesale Cost) / Wholesale Cost] × 100
First, we need to find the difference between the selling price and the wholesale cost:
$15 - $9.38 = $5.62
Next, we need to divide this difference by the wholesale cost:
$5.62 / $9.38 = 0.599
Finally, we need to multiply this number by 100 to get the percent of markup:
0.599 × 100 = 59.9%
Rounding to the nearest percent, the markup percent for Keri's doll clothes is 60%.
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trade-offs force society to answer questions such as what goods and services will be produced, how will the goods and services be produced, and who will receive the goods and services produced.
Answers
Trade-offs are a fundamental aspect of economics that involve making decisions about the allocation of resources.
For example, if a society decides to produce more military goods, it may have to trade-off producing fewer consumer goods. Similarly, if a society decides to produce goods using more labor-intensive methods, it may have to trade-off using less capital-intensive methods.
Finally, if a society decides to distribute goods and services more equally, it may have to trade off producing less overall. These trade-offs are necessary in order to make decisions about the allocation of resources and to ensure that society's needs and wants are met.
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In a perfectly competitive market, if the market price is $4, how many units will they sell if they charge $4?How many will they sell if they charge over $4? Will they make more profit if they lower their price? Why or why not?
Answers
Answer:
In a perfectly competitive market, if the market price for a single unit is $4, then the number of units sold would be 32.
Explanation:
A perfectly competitive market is defined as a market where there are no monopolies - something extremely rare in the real world. However, it is a good example to explain the rules and workings of supply and demand in the market. There are multiple sellers and purchasers in a perfectly competitive market. Sellers earn just enough profit to keep their place in the market. Any more and they would lose their foothold in the marketplace to another company.
If the sellers are capable of producing more, then they can sell more, thus increasing their output. In any case, the economic output would be zero because the price is tangent to the low point on the average total cost curve. The seller has no control over market price because the price is set at equilibrium.
________ is characterized by a continuous state of excessive, uncontrollable, and pointless worry and apprehension.
Answers
fffffAnswer:
f
Explanation:
An electric toothbrush costs $69, including a 50% price markup. what was the cost for the store to purchase the electric toothbrush? $19.00 $23.00 $34.50 $46.00
Answers
Answer:
D) $46.00
Explanation:
To find the cost for the store to purchase the electric toothbrush, we need to determine the original price before the 50% markup.
Let "x" be the original cost of the toothbrush.
If the price markup is 50%, it means the store increased the original cost by 50%. So the markup amount is calculated as 50% of the original cost:
\(50\%\; \textsf{of}\;x=\dfrac{50}{100} \cdot x=0.5x\)
The final selling price is the original cost plus the markup:
\(x + 0.5x = 1.5x\)
We are given that the final selling price is $69, so we can set up the equation:
\(1.5x = 69\)
To solve for x, divide both sides of the equation by 1.5:
\(x = \dfrac{69}{1.5}\)
\(x = 46\)
Therefore, the cost for the store to purchase the electric toothbrush was $46.00.
A fit exist when people need your product rather than just seeing a potential benefit of using it?
Answers
When consumers require your product rather than merely recognizing the potential benefits of utilizing it, you have a fit. That is correct. Thus, the correct answer is true.
What does "potential benefits" mean?The prospective benefits of the subject are those that can be fairly foreseen as a result of participating in the study. The most common sort of direct benefit to the subject as a result of non-therapeutic research participation is knowledge of value to the subject. The Potential Benefits of the Subject should not be exaggerated, pressured, or guaranteed. It should be mentioned if the research will not benefit the topic.
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If the actual price level in Exhibit 11-2 exceeds the expected price level, then
a. equilibrium output might be Y2 in the short run
b. equilibrium output might be Y1 in the short run
c. equilibrium output might be Y3 in the short run
d. potential output is greater than actual output
e. unemployment is above the natural rate
Answers
If the actual price level in Exhibit 11-2 exceeds the expected price level, then equilibrium output might be Y2 in the short run.
According to the exhibit, the aggregate demand curve AD intersects the short-run aggregate supply curve SRAS at points Y1, Y2, and Y3. If the actual price level is greater than the expected price level, the SRAS shifts upward, causing a decrease in output and an increase in the price level. Equilibrium output could be at Y2 in the short run, where the SRAS and AD curves intersect at a higher price level due to the shift of the SRAS curve.
The other options are not necessarily true in this case since equilibrium output could be at different levels depending on the location of the AD and SRAS curves.
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What is the best advice to keep in mind as you grow your business?
Answers
Answer:
Be smart and watch out for snakes
What are the basic points to be considered while running the occupation? for each of them
Answers
Answer:
interest
qualification
skills
finance
Amir is working on making paper snowakes to decorate his room. He has timed himself and noticed that he takes 5 minutes to make each snowake. If he has an hour and a half before bedtime, how many snowakes will he be able to make?
Answers
Find how many minutes in an hour and a half and divide by 5.
Based on the time taken to make one snowflake, the number of snowflakes that Amir can make in an hour and half is 18 snowflakes.
How many snowflakes can Amir make?First convert the hours to minutes:
= 1 hour 30 minutes
= 1 + 30/60
= 1.5 hours x 60 minutes in an hour
= 90 minutes
Each snowflake takes 5 minutes to make:
= 90 / 5
= 18 snowflakes
In conclusion, Amir will have made 18 snowflakes.
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Select the correct text in the passage.
Hussein is writing a response rejecting a customer’s request for a product replacement. Select the text in the passage that shows the reasons he gives for the negative message.
Thank you for writing to us regarding your request for a replacement fan.
To guarantee customer satisfaction, we extend a warranty of 90 days on this product for all our customers. If returned within 90 days, we offer replacements free of charge.
Based on the receipt you attached to your email, we see that you purchased this product 120 days ago. We regret that we are unable to offer a replacement.
As an alternative, we can offer a 20 percent discount on any other product you wish to purchase from our store. We look forward to doing business with you again.
Answers
Answer:
Based on the receipt you attached to your email, we see that you purchased this product 120 days ago. We regret that we are unable to offer a replacement
Explanation:
Hope it helps!
if your friend told you that he had just purchased a home with no money down, he probably obtained: select one: a. an fha insured loan. b. a va guaranteed loan. c. a purchase money mortgage. d. a wraparound mortgage.
Answers
Based on the information given, if your friend told you that he had just purchased a home with no money down, it is likely that he obtained a purchase money mortgage. Option C is correct.
A purchase money mortgage is a type of loan where the seller of the property provides the financing instead of a traditional lender. In this case, your friend would have negotiated with the seller to arrange for financing without making a down payment.
A loan that the homeowner receives from the seller is known as a purchase-money mortgage. This sort of home loan is normal in circumstances when the purchaser doesn't meet all requirements for standard bank supporting, similar as other nonconforming credits.
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Now that Rory understands how comprehensive income is, he is wondering if he needs to record the $500 scholarship he was awarded from his local community to help pay his college tuition. If so, in which category of income should it be recorded: earned income, unearned income, or received income from government programs
Answers
Whether or not Rory needs to record the $500 For more questions on Scholarship he was awarded for college tuition will depend on whether it is considered taxable income or not.
In general, scholarships and grants used for Assuming that the scholarship money is tax-free, education expenses such as tuition and books are tax-free.
However, if the scholarship money is used for non-qualified expenses such as room and board, it may be taxable.
Assuming that the scholarship money is tax-free, Rory does not need to record it as income. It is not considered earned income, unearned income, or income received from government programs.
However, if any portion of the scholarship money is taxable, Rory would need to record it as income in the appropriate category depending on how it is classified.
If it is earned through work, it would be recorded as earned income. If it is awarded without any work required, it would be recorded as unearned income.
If it is received through a government program, it would be recorded as income received from government programs.
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21) Which of the following professionals are often members of a bidder's tender offer team?
22) Toeholds are usually established in the vast majority of tender offers.
23) Which of the following are examples of factors that facilitated the growth of activist hedge funds over the years 2012-2018?
24) Which one are examples of activist hedge funds? ones*
25) Which factors may be a valid criticism of activist hedge funds?
26) Which is a potent defense against activist hedge funds?
27) What are some of the desirable characteristics of LO candidates?
28)Example of "LBO firms"?
Answers
The following professionals are often members of a bidder's tender offer team:• Lawyers• Accountants• Bankers
22) Toeholds are usually established in the vast majority of tender offers. True
23) The factors that facilitated the growth of activist hedge funds over the years 2012-2018 are:• Support from Institutional Investors• Success in Activism• Strong Performance• Regulatory Changes
24)The examples of activist hedge funds are:• Starboard Value LP• Third Point LLC• Elliott Management Corporation• Pershing Square Capital Management
25) The factors that may be a valid criticism of activist hedge funds are:• They tend to focus on short-term results and often have a lack of concern for long-term value creation.• They use their power to push for changes that only benefit a select group of shareholders.• They have been accused of taking advantage of loopholes in regulations to engage in unethical practices.
26)The potent defense against activist hedge funds is:• A good corporate governance structure
28)Examples of LBO firms are:• Blackstone Group• KKR & Co.• The Carlyle Group• Apollo Global Management
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Fancy Nails cost formula for miscellaneous expenses is $30 per operating day plus $0.25 per client served. Fancy Nails' miscellaneous expense budget in a month when the business is going to be open for 25 days and they expect to serve a total of 2,400 clients is $______. (Enter your answer as a whole number.)
Answers
Answer:
2430.25
Explanation:
I hope it helps you
Based on the rate for the miscellaneous expenses, Fancy Nails' miscellaneous expenses for 25 days is $1,250.
What are the miscellaneous expenses for 25 days?Given the cost formula, the miscellaneous expenses will be:
= (Cost per operating day x Number of days) + (Cost per client x number of clients)
Solving gives:
= (30 x 25) + (0.25 x 2,000)
= 750 + 500
= $1,250
In conclusion, Fancy Nails will have miscellaneous expenses of $1,250.
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Suppose that a certain country has an MPC of 0.9 and a real GDP of $500 billion. If government decreases taxes by $4 billion, what will be its new level of real GDP?
Answers
The new level of the GDP will be $536 billion.
The Real GDP refers to an inflation-adjusted GDP that shows the value of all goods and services produced within the country's border.
We are given that the Marginal Propensity to Consume (MPC) is 0.90 The formula for Tax multiplier is -MPC/(1-MPC)Tax multiplier = -0.9/(1-0.9)
Tax multiplier = -0.9 / 0.1
Tax multiplier = -9
Now, the change in GDP if the taxes decreased by 4 billion will be $36 billion [-9*(-$4 billion)].Now, because the change is positive, then, its implies that the Real GDP will increase.The formula for New GDP is [Initial Real GDP + Change in GDP]
New GDP = $500 billion + $36 billion
New GDP = $536 billion
Therefore, the new level of the certain country real GDP is $536 billion.
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Which type of change does NOT typically require the use of change management procedures?
Select one:
a. changes to ACLs
b. new VPN gateways
c. changing a manager's permissions to a file
d. new password systems or procedures
Answers
New password systems or procedures typically requires the use of change management procedures.
Why does changing passwords require the use of change management procedures?
Changing passwords typically requires the use of change management procedures due to the potential impact on an organization's security. Passwords are a critical component of securing systems, data, and sensitive information. When passwords are compromised, unauthorized individuals can gain access to confidential resources, leading to data breaches, unauthorized access, or other security incidents.
Change management procedures ensure that password changes are implemented in a controlled and secure manner. These procedures involve assessing the potential risks and impacts of the password change, obtaining necessary approvals from relevant stakeholders, and following established protocols for communicating and implementing the change. By utilizing change management procedures, organizations can minimize the risk of password-related security incidents, ensure proper authentication and access controls, and maintain the integrity and confidentiality of their systems and data. This approach helps organizations maintain a robust security posture and protect against potential threats and vulnerabilities associated with passwords.
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How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
What Is NOT one of the three primary resources that farnilies have to reach financlal goals?
A.Education
B.Energy
C.Time
D.Money
Answers
Answer:
I think it would be education
Explanation:
Answer: A. Education
Explanation:
Cody worked 59 hours last week. Of those hours, 40 hours were paid at the regular rate of $12.50. Ten hours were paid at time-and- a-half, and 9 hours at the double-time rate.
a) What was the gross pay for regular hours?
b) What was Cody’s overtime wages?
c) What was Cody’s total gross pay for the week?
Answers
Answer:
Explanation:
a. What was the gross pay for regular hours?
This will be the regular pay multiplied by the regular hours. This will be:
= $12.50 × 40
= $500
b) What was Cody’s overtime wages?
Cody's overtime wages will be the total amount earned during overtime. This will be:
= [10 × ($12.50 × 1.5)] + [ 9 × ($12.50 × 2)]
= (10 × $18.75) + (9 × $25)
= $187.50 + $225.
= $412.50
c) What was Cody’s total gross pay for the week?
The total gross pay for the week will be the addition of the amount that was earned during regular hours and overtime. This will be:
= $500 + $412.50
= $912.50
Microeconomics looks at the ______
relationship between consumers and
producers and how this relationship affects the economy.
Answers
Answer:
economy
Explanation:
Microeconomics examines the economic relationship between producers and consumers and its impact on the economy.
Microeconomics refers to the study of decision-making by individuals and businesses, while macroeconomics focuses on the decisions made at the national and governmental levels.
As consumers require goods and services, producers aim to make a profit from providing them.
The economic choices are influenced by factors such as prices, demand, and supply. Ultimately, determining the cost of products and services is the responsibility of both parties involved.
The economy of a society is built on the creation of wealth through selling and purchasing. Producing and consuming are done by consumers and producers respectively. Therefore, the economic relationship is the correct answer.
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Prepaid expenses require what type of adjusting entry? Question options: Matched Accumulated Accrued Deferral
Answers
Answer:
deferral
Explanation:
Adjusting entries are when changes are made to already recorded journal entries.
Categories of adjusting entries :
accrued revenuesaccrued expensesunearned revenuesprepaid expensesdepreciation.Prepaid expenses are payments made for services yet to be delivered.
For example, paying for a year's worth of subscription on your streaming service
Prepaid expenses is an example of deferred payment, so the adjustment should be a deferral
discount points on a mortgage are computed as a percentage of the
Answers
Discount points on a mortgage are computed as a percentage of the loan amount. Discount points are an upfront fee that a borrower pays to lower the interest rate on a mortgage. It is usually charged as a percentage of the loan amount, with each point equal to 1% of the loan amount. The cost of one discount point varies, but it is typically between 0.25% and 1% of the loan amount.
A discount point is essentially prepaid interest that the borrower pays at closing in exchange for a lower interest rate over the life of the loan. For example, if a borrower is taking out a $200,000 mortgage and decides to pay one discount point, they would have to pay a fee of $2,000 (1% of the loan amount) upfront. In return, the lender might lower the interest rate by 0.25% for the entire loan term, resulting in a lower monthly mortgage payment and less interest paid over the life of the loan.
Discount points are often used by borrowers who plan to stay in their homes for a long time and want to save money on interest payments over the life of the loan. However, it's important to remember that discount points are not always worth it and can be expensive upfront. It's important for borrowers to calculate whether paying discount points will save them enough money in the long run to justify the upfront cost.
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Click this link to view O*NET’s Tasks section for Municipal Firefighters. Note that common tasks are listed toward the top, and less common tasks are listed toward the bottom. According to O*NET, what are some common tasks performed by Municipal Firefighters? Check all that apply. directing traffic at accident sites analyzing evidence of criminal activity guarding crime suspects until they can be arrested searching burning buildings to locate victims rescuing victims from burning buildings and accident sites administering first aid and cardiopulmonary resuscitation to help injured people
Answers
Answer:
it's D E F
Explanation:
Answer:
i got abd on edg
Explanation:
Match the examples of the impact of the innovation of technology to their relevant sectors.
manufacturing
communication
financial products
transportation
Answers
Answer:
1. Communication.
2. Transportation.
3. Manufacturing.
4. Financial products.
Explanation:
Technology can be defined as a branch of knowledge which typically involves the process of applying, creating and managing practical or scientific knowledge to solve problems and improve human life. Technologies are applied to many fields in the world such as medicine, information technology, cybersecurity, engineering, environmental services, manufacturing, farming, transportation, telecommunications, etc.
Basically, technology has impacted the world significantly and positively as it has helped to automate processes, increased efficiency and level of output with little or no human effort.
Some of the sectors that have been impacted greatly by technology includes;
1. Communication: electronic data transmission allows companies to re-order inventory immediately without human interaction. Through the use of interconnected network systems, companies can easily make order for products in real-time without human interaction.
2. Transportation: Delivery by drones allow companies to ship products without paying labor costs. Drones are automobile and usually do not need anyone to drive it like with other forms of transportation such as trains, ships, trucks, etc.
3. Manufacturing: New equipment allows a producer of windows to increase production by 25%. The introduction of a new equipment to a production line would significantly increase the level of output or productivity.
4. Financial products: Financial futures allow farmers to lock in prices of their crops. A financial future is a financial contract that obligates a buyer to buy a financial product or avails a seller an opportunity to sell his or her products at a specific price and future date.