Economic rent is defined as the Question 2 options: amount by which the payment to a factor of production exceeds the supplier's opportunity cost. amount landlords charge to tenants. difference between total revenue and implicit costs.

Meginnis Corporation's relevant range of activity is 3,000 units to 7,000 units. When it produces and sells $5,000 units, its average costs per unit are as follows:Average Cost per UnitDirect materials $5.20Direct labor $3.

What is the opportunity cost of trying out for an athletic team answers?

Managerial performance can be measured in many different ways including return on investment (roi) and residual income. a good reason for using residual income instead of roi is: roi does not take into account both turnover and margin.

How do i journalize purchased merchandise on account from galsten co., $360,000, terms n/30?

Why is it important to consider cultural differences when engaging in global business? A: It is easier to negotiate if everyone agrees to use the same nation's business etiquette.

Which of the following statements accurately describes the efficient market hypothesis? A. Stock prices must go up upon good news, even if the news was expected. B.

Kramer Enterprises reports year-end information from 2015 as follows: Sales (160,000 units) $960,000 Cost of goods sold 640,000 Gross margin 320,000 Operating expenses 260,000 Operating income $60,000 Kramer is developing the 2016 budget.

What is purchasing process?

The report of which agency states, "it is paradoxical that obesity is increasing in the us while more people are dieting than ever before, spending, by one estimate, more that $33 billion per year on weight-reduction products and services?

Which of the following are inefficient markets? Select all that apply. Consumers compete for wages in a free market economy. Consumers wait in line to buy a sale television because the first to come is the first served.