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1. Define accounting profit and economic profit. When total sales revenue is $120,000, total costs $63,000, and total implicit costs is $33,000. Please calculate accounting profit and economic profit.
2) Define fixed costs and variable costs. Show actual examples of each cost. In economics, we categorize such kinds of costs based on short-run and long-run variable and fixed costs. Why we should consider the time variable when the costs are categorized?
Someone who is not a party to a lawsuit but has an interest in the outcome and therefore wants to become a party to the suit must:
Varying Viewpoints” notes that Ulrich B. Phillips made certain claims about slavery that have been challenged in recent years. Which of the following is not one of his conclusions?
Heinz is a recent immigrant from Germany. Which of the following will NOT contribute to his feeling of being American?
Every piece of reasoning must start somewhere. And if every piece of reasoning starts somewhere, then every piece of reasoning begins with an unsupported premise.
What are some of the ethical considerations that marketing professionals face? How do these situations develop, and how should they be addressed?
Job analyses and job evaluation can be time-consuming and is an added expense to an organization. You are asked to make a presentation to upper management as to why the company should do a job evaluation when paying people.
In the behavioral simulation, a group of individuals is allotted a complex problem to solve. Describe the components of behavioral simulation and give examples of successful implementation.
While satisfaction and loyalty are related, they are different attributes of marketing effectiveness. What are the ways satisfaction and loyalty are the same, and how do they differ? Marketers regularly segment customers for loyalty.
a 34-year-old divorced woman diagnosed with severe anorexia, is hospitalized. Her doctors feel she may need to be placed on a feeding tube soon to save her life. Initially June agreed to the feeding tube. However, in the evening (before the tube has ..
It is important to promote the professional role of the nurse to provide health promotion and disease preventive care. Collaborating with other health care professionals and consumer groups in the community in redesigning health care can help meet th..
The SuperFlyer Corporation is developing a revolutionary flying disc. The new toy can fly straight over a great distance, which is exciting by itself.
Hannah is a managing partner of Andrusian Worldwide LLP, an accounting and consulting partnership. Acting within her implied authority, Hannah makes a contract for Andrusian to perform an audit for National Motors Company.
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