7 Economic and Accounting Profits Exercise 2 (Algo) A business owner makes 60 items by hand in 45 hours. She could have earned $35 an hour working for someone else. Her total explicit costs are $225. If each item she makes sells for $18, her economic profit equals:
Answers
The economic profit in this case is negative, which means that the business owner would have been better off working for someone else instead of making and selling the items herself.
To find the economic profit, we need to first calculate the accounting profit and then subtract the opportunity cost.
Accounting Profit = Total Revenue - Explicit Costs
Total Revenue = Price per Item x Number of Items = $18 x 60 = $1080
Explicit Costs = $225
Accounting Profit = $1080 - $225 = $855
Now, to find the economic profit, we need to subtract the opportunity cost, which is the amount she could have earned working for someone else.
Opportunity Cost = Hourly Wage x Hours Worked = $35 x 45 = $1575
Economic Profit = Accounting Profit - Opportunity Cost
Economic Profit = $855 - $1575 = -$720
Therefore, the economic profit in this case is negative, which means that the business owner would have been better off working for someone else instead of making and selling the items herself.
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Related Questions
Noriko analyzes ways to create and improve computer systems.
Boris helps people who are having difficulty using computers.
Lane writes code for operating systems.
Jewel tests software to identify problems.
Carla fixes and maintains databases.
Ignacio plans, organizes, and oversees information technology projects.
Answers
Answer:Brian uses ultrasound technology to create images of a patient’s liver and kidneys.
Nigel performs tests on a patient to get information about how his heart is working.
Krystal analyzes X-rays to determine whether a patient has a broken arm.
Explanation:
Answer:
A. B. F.
Explanation:
Edge
What does the big Mac index show
Answers
Marietta opts into a Target app. When she enters a Target store, small Bluetooth devices scattered throughout the store send signals to her phone with personalized deals and information. This is an example of ______ technology.
a. tag.
b. RFID.
c. alien.
d. beacon.
Answers
Assuming small Bluetooth devices scattered throughout the store send signals to her phone. This is an example of d. beacon technology.
What is beacon technology?Beacon technology can be defined as a tiny or small wireless transmitter technology that help to send signals to devices.
One of the example of beacon is blutooth devices. Despite small in size they help to send signal to phone or user device and they as well makes use of low energy.
Inconclusion this is an example of d. beacon technology.
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It's essential to know how to check your account balance in order to manage
your money. Which of the following is not an effective way of checking your
balance?
O Check your account online.
O Call the financial institution directly. .
O
Download the financial institution app.
O Contact the FDIC/NCUA.
Answers
Answer:contact the FDIC/NCUA
Explanation:The FDIC/NCUA would not be able to provide any account information. FDIC is Federal Deposit Insurance Corporation and it’s an independent agency. NCUA is National Credit Union Administration is also a independent agency. FDIC are for banks and NCUA is for credit unions. They both regulate and insure deposits.
Answer: Contact FDIC/NCUA
Explanation: Everfi quiz
Whats the number to 911?
Answers
i dont know, it could really be any thing tbh
Which function identifies prospects in the marketplace, works with research and development to create products, develops promotion strategies, and establishes prices?
Answers
The function that identifies prospects in the marketplace, works with research and development to create products, develops promotion strategies and establishes prices is known as Marketing.
What is Marketing?It refers to the process of creating, distributing, pricing and promoting goods, services in order to facilitate satisfying exchange relationships with customers and develop and maintain favorable relationships with stakeholders in a dynamic environment.
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How does Truth-in-lending benefit consumers when shopping for a loan? a. Truth-in-lending allows consumers to be frank with the lenders and talk about very personal things. B. Truth-in-lending requires all lending institutions to eventually convert all of their loans to fixed interest rates. C. Truth-in-lending requires consumers to admit whether or not they can actually afford the loan they’re applying for. D. Truth-in-lending allows consumers to know every cost that is associated with the loans they research and apply for, and helps them reach the optimal decision.
Answers
Answer:
A
Explanation:
Truth-in-lending allows consumers to be frank with the lenders and talk about very important things
Answer: D
Explanation:
Truth-in-lending allows consumers to know every cost that is associated with the loans they research and apply for, and helps them reach the optimal decision.
taking the test rn edge 21-22
________ involves the two-way flow of information between a buyer and seller, often in a face-to-face encounter, designed to influence the purchase decision.
Answers
Personal Selling involves the two-way flow of information between a buyer and seller, often in a face-to-face encounter, designed to influence the purchase decision.
Personal selling is a promotional strategy used by companies to sell their products or services through direct communication with potential customers.
The key feature of personal selling is the face-to-face interaction between the seller and the buyer, which allows for a two-way flow of information.
This means that the buyer can ask questions, express concerns, and give feedback, while the seller can provide product information, address concerns, and negotiate the terms of the sale.
Personal selling is an important part of the marketing mix for many companies, particularly those selling high-value, complex, or customized products or services.
It allows the seller to build a personal relationship with the buyer, understand their needs and preferences, and tailor the sales pitch to their specific situation. Personal selling can also be used to generate leads, qualify prospects, and close sales.
The success of personal selling depends on several factors, including the salesperson's knowledge and expertise, their ability to communicate effectively, their interpersonal skills, and their ability to build trust and rapport with the buyer.
Personal selling can be expensive and time-consuming compared to other promotional strategies, but it can also be highly effective in generating sales and building long-term customer relationships.
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"How to increase the range of a new propeller aeroplane that is
being designed?"
Answers
The range of a new propeller airplane that is being designed can be increased in the following ways:Reducing the airplane's weight: As fuel is a significant weight component, reducing the airplane's weight will result in a more significant increase in range.
These tanks can be located in areas such as the wings, the airplane's fuselage, and the horizontal stabilizers, among others.Improving the airplane's aerodynamics: Reducing drag by improving an airplane's aerodynamics can significantly increase its range. This can be achieved by smoothing out curves, minimizing the surface area of the airplane's frontal profile, and increasing wing aspect ratios. By reducing the airplane's drag, fuel efficiency is improved, allowing for a more extended range.
To achieve improved aerodynamics, designers can use computer simulations and wind tunnels to optimize the airplane's configuration.Increasing the engine's efficiency: By optimizing the airplane's engine, designers can achieve a more significant range increase. This can be accomplished by selecting engines with a higher specific fuel consumption (SFC), by installing winglets or blade tip modifications that improve propeller or turbine efficiency, or by enhancing engine component design.
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You are looking at a sales report from last month. You notice one metric is much lower than expected, so you click on that metric to get more details from last month. Being able to get additional information on the underlying details of a value is an example of using the ______ _______ feature of the sales report dashboard.
Answers
Being able to get additional information on the underlying details of a value is an example of using the drill-down feature of the sales report dashboard.
Drilldown: What is it?Business intelligence has two incredibly powerful features: drill down and drill through analysis. Although they do so in various ways, they both allow the user to view data and information in greater detail. By using the drill-down feature, the user can quickly switch from a more broad view of the data to a more focused one.
For instance, a drill-down report that displays sales revenue by state may allow the user to click on a state, select it, and view sales revenue by county or city inside that state. Drill down is a feature that enables users to delve deeper into more focused layers of the data or information being analyzed, hence the name.
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Which expectation of an employer involves seeing employees dress appropriately and arrive at work on time?
Employees are expected to be punctual and dress appropriately, thus maintaining_____.
Answers
Answer:
office decorum
Explanation:
The term workplace decorum, in plain terms, refers to the basic collection of such rules that aim to make the workplace atmosphere a nicer environment to settle in. The term "office decorum" may make it look dense as well as packed with several implications, but in actuality it is a collection of basic instructions that you'll have to examine in an organization to work around each other.
Answer:
Professional Decorum
Explanation:
edmentum
mr. and mrs. king had only one casualty loss this year when a tornado (a federally declared disaster) damaged their home, decreasing its value by $70,000. the couple received a $48,000 reimbursement from their insurance company. compute the kings' itemized deduction for casualty losses if their agi was $98,200.
Answers
The kings' itemized deduction for casualty losses if their agi was $98,200 will be C) $12,080
$22,000 unreimbursed decrease in value − $100 floor − $9,820 (10% × AGI).
Any abrupt, unforeseen, or uncommon event, such as a flood, hurricane, tornado, fire, earthquake, or volcanic eruption, can cause damage to, destruction of, or loss of your property, which is known as a casualty loss. Normal wear and tear or progressive deterioration are not considered casualties.
When claiming a deduction for destroyed property, you must first determine the casualty loss by deducting the salvage value from the asset's adjusted basis before deducting any insurance proceeds from the outcome.
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One of the following is against the business ethics. Find it.
a) Charging fair price for the product.
b) Giving wages to employees if by not considering their work load. c) Using correct measurement for products
d) Giving chances to hear the problems of employees.
Answers
What records will be displayed by a query that has an Is Null criterion for the Last Name field?
records with values that don't meet the validation rule for the field
O records that have misspellings in the Last Name field
O records that don't have a value entered for the Last Name field
records with duplicate values in the Last Name field
THE ANSWER IS C
Answers
Answer:
the answer is c lol bc I said so
its b
don't believe me ight im chillin
Both the individual and institutional investor are able to easily buy and sell securities to meet their objectives through?
Answers
Both the individual and institutional investors are able to easily buy and sell securities to meet their objectives through a financial intermediary such as a brokerage firm or an online trading platform.
1. Financial intermediaries: These are entities that facilitate the buying and selling of securities on behalf of investors. They act as intermediaries between the buyers and sellers in the market. Examples of financial intermediaries include brokerage firms, investment banks, and online trading platforms.
2. Buying securities: Both individual and institutional investors can buy securities such as stocks, bonds, and mutual funds through a financial intermediary. They can do this by opening an account with a brokerage firm or using an online trading platform.
3. Individual investors: These are individuals who invest their personal funds in the market. They may be interested in buying securities to grow their wealth, save for retirement, or meet other financial goals.
4. Institutional investors: These are organizations such as pension funds, insurance companies, and mutual funds that invest large amounts of money on behalf of their clients or beneficiaries. Institutional investors often have specific investment strategies and objectives.
5. Objectives: Both individual and institutional investors buy and sell securities to meet their objectives. These objectives can vary depending on the investor's risk tolerance, time horizon, and investment goals.
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usability refers to: a. the ease with which people perform transactions and/or find information b. the number of hours a system is available c. the percentage of customers that progress from awareness of an offering to a purchase d. all of the above e. none of the above
Answers
Usability describes the ease with which individuals can do transactions or find information.
Usability definition.A quality attribute called usability evaluates how simple user interfaces are to utilize. The term "usability" also describes techniques for enhancing usability throughout the design process. Understanding the five usability criteria of effective, efficient, engaging, fault tolerant, and easy to learn aids in directing user-centered design efforts toward the creation of usable products.
What distinguishes usability from user experience (UX)?The focus of usability is on the product's simplicity, adaptability, and effectiveness. User experience (UX), in contrast, is a more comprehensive term that considers the overall process even before the users engage with the product.
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Scenario 1
For years, a small country has been plagued with annual measles epidemics. Its government works with
scientists from around the world to distribute a vaccine to the vast majority of citizens in all parts of the nation.
Within a few months, workers return to their jobs and children return to school.
Scenario 2
In a neighboring country, most girls have attended school on a regular basis until the age of 12. The recently
elected president, however, has just announced his intention to increase the age of mandatory schooling for girls
to 16. As a result, a major foreign electronics producer announces its intention to open a factory in the country
within five years.
How have these two governments used investment in human capital to increase economic growth in their countries?
Answers
Answer:
The first country invested in health care. It eradicated an epidemic that was weakening its present and future workforce. Its investment was successful because it made people productive again. The second country recognized the potential for productivity in young girls. By taking steps to train and educate them, the government made them eligible for quality employment. The second country’s investment was successful because it strengthened its workforce and attracted foreign investment.
Explanation: sample answer
Answer:
The first country to make a health care investment. It eliminated a disease that was harming its workers both now and in the future. Its investment was successful because it restored productivity among its beneficiaries. The second counntry acknowledged young girls' potential for productivity. The government prepared and educated them in order to give them access to high-caliber employment. The investment in the second country was successful because it boosted its workforce and attracted outside the capital.
Explanation:
Edmentum Sample answer but worded differently :)
there are these Karens at my house putting their trash in front of MY HOUSE and what can i do?
Answers
Answer:
call the cops
Explanation:
First have a conversation with them and if they do not understand simply be a Karen yourself and call the cops. I am pretty sure they will know what to do because that is YOUR property (or at least your own space that you pay for).
As a manager, you want to praise a team member, Phil, for doing a good job on a particular project. However, you know he tends to be an introvert. Which communication method would Phil be most comfortable with
Answers
Design, construction, tests, and use of eye and face protection must be in accordance with
ANSI
Answers
Hope this helps have an excellent day!
Which statement is true about ISO 9000?
A.
Only 10 products from an organization can be certified.
B.
Organizations can become certified.
C.
Employees can certify themselves.
D.
Marketing activities can be certified.
Answers
Answer: B- Organizations can become certified
Explanation: In the lesson it states:
"Here are certain facts about ISO 9000:
ISO 9000 is applicable to any business, regardless of its size or the industry in which it exists.
It includes definitions, requirements, and recommendations for continuous improvement.
ISO 9000 can also provide certifications to organizations.
Over 170 countries have used ISO 9000 certifications in their industries."
Allan Jabber invested $400 at the beginning of each of the last 12 months in the shares of a mutual fund that paid no dividends. Which method will he correctly choose to calculate his average price per share from the monthly share prices
Answers
The method that he will correctly choose to calculate his average price per share from the monthly share prices is: Harmonic mean.
What is Harmonic mean?
Harmonic mean can be defined as a method that is used by companies or organization to determine average price per share.
Formula for harmonic mean is:
Harmonic mean=Number of observations ÷ Number of series
Therefore Harmonic mean is use to find average price.
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How a Ruined Shirt Launched a Successful Venture
A simple trip to the dry cleaners changed Robert Byerley’s career path. When the Dallas businessman picked up his cloths, he discovered that the cleaner had ruined one of his expensive shirt. He would have been satisfied if the owner of the cleaner had offered to replace his shirt, but he did not. He didn’t even apologize to Byerley and that’s when Byerley decided to do something.
Although the Dallas market was crowded with dry cleaning establishments, Byerley left his corporate job to launch Bibbentuckers, a dry cleaning operation that offers Dallas residents better quality and better service at higher prices than other dry cleaning establishments. He suspected that a segment of the market would be willing to pay premium prices for a cleaner that offered convenient location, superior quality and service and extra amenities. Byerley didn’t rely on his instinct alone, however. Before starting Bibbentuckers, Byerley did plenty of research and put together a business plan to guide his entrepreneurial venture.
He started with the vision he had for his business. One night when he couldn’t sleep, Byerley began listing the characteristics he wanted his dry cleaners to exhibit. Based on his negative experience with his former dry cleaner, Byerley listed "standing behind our work" first. He listed nine other items, including a drive-up-service with curbside delivery, a computerized system that would track clothes through the entire process and would use bar code scanners to read customer’s cleaning preferences and a cleaning process that used the most current, environmentally friendly equipment and materials.
Answers
A ruined shirt experience at a dry cleaner prompted Robert Byerley to start his own venture, Bibbentuckers. Byerley recognized the opportunity to offer better quality and service at higher prices to a segment of the Dallas market.
Through research and a detailed business plan, he envisioned key characteristics for Bibbentuckers, including standing behind their work, convenient drive-up service, a computerized system for tracking customer preferences, and an environmentally friendly cleaning process. Byerley's entrepreneurial venture aimed to fill the gap he experienced, and he successfully launched Bibbentuckers as a differentiated dry cleaning operation.Robert Byerley's ruined shirt experience at a dry cleaner led him to launch his own venture, Bibbentuckers.
Recognizing the dissatisfaction he felt and the gap in the market, Byerley saw an opportunity to provide better quality and service at higher prices. He believed that a segment of the Dallas market would be willing to pay a premium for convenient locations, superior quality, exceptional service, and extra amenities. To ensure the success of his entrepreneurial venture, Byerley conducted thorough research and developed a comprehensive business plan. He started by envisioning the characteristics he wanted Bibbentuckers to embody, prioritizing the principle of standing behind their work.
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-1 1. Which of the following budget terms mean the same thing?
a) surplus and deficit
c) surplus and break-even
b) break-even and balanced d) deficit and balanced
Answers
Answer:
b
Explanation:
none just trust me..............
Chloe enjoys her math classes, and she would like to find a career that will allow her to continue to use her math skills. Which career would be a good fit for her? A. accountant B. purchasing agent C. commercial carpenter D. human resources manager
Answers
Answer:
Just give
PhysicsGirl brainiest
According to the video, what are some hazards Stationary Engineers may face? Check all that apply. noise hazardous materials dangerous enclosures temperature extremes burns electric shock angry customers moving parts
Answers
Answer:
noise
hazardous material
burns
electric shock
moving parts
Explanation:
Answer:
noise
hazardous material
burns
electric shock
moving parts
Explanation:
did it
which part of our body is affected by plogue pose?
Answers
Answer:
spine and shoulders are affected
The spine and the shoulders of our body part are mostly affectd by the plogue pose. It stretches our body muscles.
Plow PoseIt is a stretching exercise which keeps your body fit and flexible.
Doing stretching exercise regularly benefits the body mucles and tendons.
The plow pose is a stretching exercise where one positions his/her body upside down and keeps their feet bend over the head.
This pose affects our spine and also our shoulders.
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What do you mean by technical occupations ? write with examples
Answers
Answer:
I think techical occupation means the worker who work through laptops and computers
software engineer game designer publisher etc....Amiri, who belongs to the Maori tribe, aspires to be a deputy sheriff in Upper Elm County. Amiri sports a small moko tattoo across his cheeks and nose as a symbol of his heritage. Per the dress code, however, sheriffs are not allowed to have any visible tattoos. Amiri is told that he will need to remove his tattoo before he can apply to be a deputy sheriff. Which of the following will hold true in this scenario?
a. Amiri will prevail in a national origin discrimination claim under Title VII of the Civil Rights Act of 1964 because his tattoo honors his heritage.
b. Upper Elm County can defend itself against Amiri's claim if it can be shown that the tattoo overlaps with his religion.
c. Upper Elm County can defend itself against Amiri's claim because a dress code is permissible under Title VII of the Civil Rights Act of 1964.
d. Amiri will prevail in a national origin discrimination claim if he uses the bona fide occupational qualification defense to show that his tattoo does not disrupt the dress code.
Answers
The following will hold true in this scenario Upper Elm County can defend itself against Amiri's claim if it can be shown that the tattoo overlaps with his religion.
What is religion?Religion is commonly defined as a social-cultural system of specified behaviors and practices, morals, beliefs, worldviews, texts, sanctified places, prophecies, ethics, or organizations that generally relate humanity to supernatural, transcendental, and spiritual elements; however, there is no scholarly agreement on what precisely constitutes a religion.
Amiri's accusation can be refuted by Upper Elm County because Title VII of the Civil Rights Act of 1964 permits dress codes. The Maori tribe member Amiri wants to work as a deputy sheriff in Upper Elm County.
Therefore, Thus option (B) is correct.
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Question 6 of 10
3 Points
A body of the letter is composed of the:
Answers
Answer:
Introduction
The body of the letter is usually divided into the three paragraphs (one is the introduction, then supporting details, then conclusion of topic).