Answer: $17,000
Explanation:
Produced =400 x $20= $8000
Tire shop bought = 300 x$20 =$6000
Household bought =300 x$50 =$15000
Household - Tire shop = $15000 - $6000 =$9000
GDP= $9000+ $8000 =$17000
Answer:
Option (a) is correct.
Explanation:
Pretax income = Contribution - Fixed cost
Contribution = Pretax income + Fixed cost
= $1,824,000 + $1,444,000
= $3,268,000
Sales - Variable Cost = Contribution
Variable Cost = Sales - Contribution
= (380,000 electric screwdrivers × $20.40 each) - $3,268,000
= $7,752,000 - $3,268,000
= $4,484,000
<span>The current state of the US economy is in growing strength with respects to the former cabinet. Globalization is affecting the US economy. Primarily through technology and social feeds. We are in the information Era. As far as jobs, off shoring in our economy was once always a viable option. Now that we have a president who insists on the "American Made" branding has emboldened some companies to minimize their operations abroad and increase facilities at home. I work on software, and my job requires me to be in a wireless world. It is hard to compete with companies who hire third party IT hosts in other countries because it is simply cheaper. But, I find other means for work.</span>
The correct sentence is given below:
The state government offered Mike $3000,000 for his family's property, which they plan to use for building a new development. THE FIFTH AMENDMENT allows the state government to take the property as long as it is used for NON PROFIT PURPOSES. Mike can still dispute the government's offer if the compensation IS LESS THAN THE FAIR MARKET VALUE OF THE LAND.
The fifth amendment provides that government can buy land from private individuals to build community projects that are non profitable in nature, but the government has to pay the right amount of money for the land.
Answer:
Accounting profit is the difference between total revenue and accounting cost in which the accounting cost is containing only the explicit cost incurred. Economic profit is the difference between total revenue and total opportunity cost, the latter containing both the explicit cost and the implicit cost incurred.
Accounting profit = revenue - explicit cost
Accounting profit = 125,000 - (10000 + 20000)
Accounting profit = 95,000
Economic profit = accounting profit - implicit cost
Economic profit = 95,000 - (75000 + 5000)
Economic profit = 15,000
This implies that while accounting profit does not undertake implicit cost of economic activity (cost for which no explicit payment is made separately), economic profit does deduct them. Now economic profit is positive, Jolene should open Little Barks.
