Business, 05.12.2019 00:31, jamskid

Economan has been infected by the free enterprise bug. he sets up a firm on extraterrestrial affairs. the rent of the building is $4,000, the cost of the two secretaries is $40,000, and the cost of electricity and gas comes to $5,000. there's a great demand for his information, and his total revenue amounts to $100,000. by working in the firm, though, economan forfeits the $50,000 he could earn by working for the friendly space agency and the $4,000 he could have earned as interest had he saved his funds instead of putting them in his business.

a) what is the profit o loss by an accountant's definitions?

b) what is profit or loss by an economist's definitions?

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 15:30, jasonoliva13

Careers in designing, planning, managing, building and maintaining the built environment can be found in the following career cluster: a. agriculture, food & natural resources b. architecture & construction c. arts, audio-video technology & communications d. business, management & administration

Answers: 2

continue

Business, 22.06.2019 20:50, ineedhelpireallydo

Power plants that rely on coal increase the amount of sulfur dioxide that dissolves into the air, eventually increasing the acidity of precipitation. the higher acidity of rain and snow can damage forests by making it more difficult for plants to absorb minerals from the soil. the equations below provide information about the market demand and supply of electricity. there is a constant marginal external cost of $25 per unit of electricity. d: qd= 200 – 2ps: qs=p – 10what quantity of electricity satisfies allocative efficiency in this market? a. 60b. 70c. 50d. 43.3

Answers: 2

continue

Business, 22.06.2019 23:30, bellamyciana

Part 1: interview at least three different people you know that fall within three age ranges (25-35), (36-50), and (51-70) year of age. ask each person you interview if they have life insurance (term, whole life etc.) and health insurance. ask what factors influenced their decision to buy or not the insurance coverage? report your findings to this assignment. specify who the people were that you spoke with.\

Answers: 3

continue

Business, 22.06.2019 23:40, kyleryoung0602

Gdp has grown in a country at 3% per year for the last 20 years. the labor force has grown at 2% per year and the quantity of physical capital has grown at 4% per year. a 1% increase in average physical capital per worker (other things equal) raises productivity by 0.3%. average education has not changed. how much has growing physical capital per worker contributed to productivity growth in this country? choose the correct answer from the following choices, and then select the submit answer button. answer choices 0.3% 0.6% 3.0% 6.0%

Answers: 1

continue

Do you know the correct answer?

Economan has been infected by the free enterprise bug. he sets up a firm on extraterrestrial affairs...