From economic point of view, the difference between the two is that in economic profit, the profit or loss generated is computed arithmetically by taking revenue of sales subtracting opportunity cost of all inputs of a business. On the other side, business profit is calculated…
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Economic profit is the estimate of a forgone good. In businesses, the normal profit is required business profit and not in economic profit.
If at all the interest on mortgage loan deduction were reduced or removed, then the homeowners will be hurt is a fallacy. Buyers will have to pay low prices. This because home owners get a deduction in tax which a renter paying the same amount will never get. The savings are forced every month in beginning of a mortgage. Owning property such as house is the only avenue for an ordinary person to employ leverage that not only create risk but also rewards. Persons who rent outwardly think they put extra in investments but when subjected to scrutiny it is a fallacy. A house is an asset that depreciates slowly as compared to other assets. The scenario only focuses on the percentage increase in houses but do not provide an argument what return on capital is.
If a sales manager happens to announce that a marketing program is being utilized to maximize sales, I would advocate for the program scaled down because the marginal revenue is equal to zero. When the sales are maximum, the marginal revenue is at zero. When now this happen, the marginal cost exceeds marginal revenue, this means that the marketing strategy is yielding too much. For the betterment of the outcome, the marginal revenue should be equal to marginal
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(Critical Thinking 1 Speech or Presentation Example | Topics and Well Written Essays - 500 Words)
“Critical Thinking 1 Speech or Presentation Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/macro-microeconomics/1651860-critical-thinking-1.
The scope and purpose of any healthcare process or project in principle are focused on the patient. In the simplest illustration if we consider consultation of a patient with a doctor as a process, the input to the consultation process is a patient with a demand for medical consultation.
An individual having characteristics of both male and female is said to be an androgynous person. The word androgyny comes from the Greek word androgynos which means “man-woman”. For humans, an androgynous individual is the one who does not fit clearly into either masculine or feminine characteristics of their society (Margaret, 56).
Leadership is taking the duties and roles that one is meant to play as a personal initiative, and working towards achieving the goals as though they were personal objectives. However, the achievement of the personal or organizational goals without the consideration of the relevant key stakeholders, and how they are affected by the actions undertaken by an individual, is not healthy.
To proceed, we note how many digits can be placed in the units place considering the digit in the tens place. Here we are restricted to the digits 1,2,3,4,5 and 6 since the digit 7,8,9 will compromise the whole restriction of
(The weight of .6 is for the most recent year.) What MAD results from using this approach to forecasting? (Hint: You will have only 3 years of matched data.)
a) Use exponential smoothing with a smoothing constant of 0.3 to forecast the
This means increased supply of the commodity will significantly reduce the price of the commodity, in-turn reducing the farmer’s income. Furthermore, the income of the farmers can reduce in relation to incomes in other
As part of the design process a sample of eight components was tempered at different temperatures with the following results:
3. A machine produces components whose diameters should be distributed Normally with mean 0.17 cm and Standard Deviation 0.013
The theory of profit accounting for the profits being earned by the pharmacy in the first 3 years of operation is dynamic theory of profit. It operates with the assumption of a dynamic society that lacks changes in its business environment.
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