Bob decides to quit his job as a teacher in which he makes $50.000 to open a restaurant. The explicit cost of running his restaurant is $500.000 while the revenue go his business is 525,000. What is his accounting profit or loss? What is his economic profit or loss? What is the implicit cost in this example?

Answers

Answer 1
Bob's accounting profit is $25,000.The economic loss is $-25,000.The implicit cost in this example is the income Bob earned as a teacher.

What is the implicit cost, economic loss and accounting profit?

Implicit cost are costs that have been incurred already by a firm but not recorded as being expenses. Examples of explicit costs are rent, wages.

Accounting profit is what distinguishes between explicit cost and the revenue of running a business.

From the above,

Accounting profit

= Revenue - Explicit cost

= $525,000 - $500,000

= $25,000

Economic profit is the difference between accounting profit and implicit cost.

Economic profit

= Accounting profit - Implicit cost

= $25,000 - $50,000

= $-25,000

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Related Questions

When there is civil unrest, is war inevitable?

Answers

It should be noted that When there is civil unrest, is war is not inevitable.

What is civil unrest?

civil unrest, can be described as the conflict as well as unsettlement hat can be sen in the society which is usually as a result of lack of good security system in the society and this usually occur when the government do not take the security of the society very serious.

In conclusion when the unrest continue to linger it will result to war And the society will be in the state of chaos which s very dangerous for the community at large and people.

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Answer:

omg  MJ hey...

Explanation:

What did Albert Einstein say would
happen if people believe strongly in
a religion?
all

Answers

Einstein rejected the principle of the known God, who establishes rules for men and punishes them if they do not follow them. He thought it was primitive.

What was Einstein's belief?Einstein claimed that the more he studied the universe, the more convinced he became that God existed. It should be noted that Einstein did not believe in the principle of the known God, who establishes rules for men and punishes them for breaking them. He thought it was primitive. He saw religion as an innate, spiritual, creative feeling that drives man to learn about the universe. He claimed that this sensation conceals the unprecedented possibilities that a person discovers throughout his or her life, a sensation associated with the infinite. It is the pinnacle of human possibility, a religious feeling that emerges from the cosmos, pervades people, and connects them to the cosmos, a feeling that cannot be explained due to linguistic limitations, there is nothing like it.

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How was the Filipino American War taught in American History books compared to the Spanish
American war which lasted for only a few months?

Answers

The battle was, in other words, longer and considerably bloodier, but it was not a worldwide fight. It is significant that the United States and the Filipinos fought this war. No Spain was involved. From the Spanish American War, it was a distinct and different conflict.

What was the Spanish American War?

Spain and the United States fought each other in the Spanish-American War, which lasted from April 21 to August 13, 1898. Following the internal explosion of the USS Maine in Cuba's Havana Harbor, hostilities broke out, prompting American involvement in the Cuban War of Independence. The war resulted in the United States gaining dominance in the Caribbean and in the acquisition of Spanish territories in the Pacific by the United States. The American involvement in the Philippine Revolution and subsequent Philippine-American War were caused by it. While the United States transitioned from being a freshly created nation to a medium regional power, the Spanish Empire experienced a marked collapse over the 19th century.

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Hypothesize what lasting effects did the removal to reservations have on the various Native American tribes.

Answers

Answer:

1: The loss of their customary ways of life and religious beliefs was one of the long-lasting repercussions of tribes being relocated to reservations.

The process of colonizing America involved European nations capturing and settling the American continent. Here in the United States Native Americans were driven into "reserves" from the start of colonialism by European settlers.

There are currently 310 indigenous reserves spread throughout several native communities. Due to the loss of many of these tribes' ancient beliefs, rituals, and practices (in addition to their territory).

The fact that the reserves are situated in areas with limited natural resources (such as water) and in which the natural environment differs significantly from that in which the tribes formerly resided is another aspect of this displacement.

Explanation:

an object made or used by people in the past

Answers

Answer:

I'm not sure if your'e asking what that is called, or an example of one so you get both. An  artifact  is an object made by a human being. Artifacts include art, tools, and clothing made by people of any time and place. The term can also be used to refer to the remains of an object, such as a shard of broken pottery or glassware. Artifacts are immensely useful to scholars who want to learn about a culture.

Explanation:

And an example of an artifact is a Crossbow or Arrow people used to use a crossbow and arrow a lot, but in our modern day we don't really need them.

I hope this was helpful to you in any, and every way you may need or want. Have a good day!

What year was the tea act 

Answers

British Parliament passed the Tea Act in 1773

6. Explain why it is ironic that, given its own history, the US began collecting colonies like Puerto
Rico.

Answers

Answer:

Explanation:us wa soriginally colonies till they fought and became america and now their making other places colonies

NEED HELP

This contract is an example of
(1) mercantilism
(2) indentured servitude
(3) early colonial democracy
(4) salutary neglect

Answers

If i were to guess bc i took a class about Colonial Virginia, I think it’s gonna be 3) Early Colonial Democracy because of the fact that it mentions “Apprentice” which if I’m correct refers to “Assistant” in a way but it’s basically another way of saying a person who works for someone at low wages! If you look up the definition it’s similar to the way it’s used to describe the relationship between the person and their father and their relationship as a new apprentice to this “Robert Livingston”. I believe you should pick the 3rd one, it seems the most accurate. Choose 3 :)

WHEN
will the colonies regard
Great Britain as enemies
or as friends?

Answers

Answer:

enemies in  war; friends in peace

Explanation:

got it on Quizlet if its wrong sorry

which concept explains the fact that during the cold war both the soviet union and the united states saw themselves as virtuous and peace loving, while viewing the other side as aggressive, untrustworthy, and corrupt?

Answers

The concept of mirror image explains the fact that during Cold War both the Soviet Union and the United States saw themselves as virtuous and peace-loving while viewing the other side as aggressive, untrustworthy, and corrupt.

In psychology, the mirror image is a perception to see the opposite party as opposite, especially in a situation of conflict. A person or a group perceives a mirror image of the party with whom they have a conflict.

This tendency is often mutual among the conflicting parties. If two parties are conflicted over anything, they believe themselves to be reasonable and consider the other party as argumentative.

In the given situation mirror image is at work in the Cold War between the Soviet Union and the United States.

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What did rhode island think about the Election of Lincoln?

Answers

When the Election of Lincoln happened, the thinking of most people in Rhode Island was favorable and positive.

How did Rhode Island take the Election of Lincoln?

Rhode Island has traditionally being more liberal than many other states since it was founded. For this reason, there were pro-Republican from the time the Republican party was founded because they were against the practice of slavery.

The Election of Lincoln in 1860 therefore brought about widespread happiness and a favorable thinking in Rhode Island. They would subsequently be a Republican state for more than 70 years.

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The majority of Rhode Islanders were thinking positively and favorably at the time of Lincoln's election.

How did Rhode Island react to Lincoln's victory?

In its founding, Rhode Island has a Lincoln's victoryof being more liberal than many other states. Because they fought the institution of slavery, pro-Republicans existed before the Republican party was founded.

As a result, once Lincoln was elected president in 1860, Rhode Islanders were usually content and had a positive outlook. Consequently, they would remain a Republican state for more than 70 years.

Thus, The majority of Rhode Islanders were thinking positively

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4. To some extent, the "four phases of life" for Hindu men have become obsolete. Many men just
choose to stay in the Grihastha stage indefinitely. Why do you think this is so?

Answers

Answer:

Because they need to meditate?

Explanation:

The type of warfare deployed by the european settlers against indigenous peoples, that was intended to destroy the will of enemy people or their capacity to resist, employing any means necessary but mainly by attacking civilians and their support systems, such as food supply, is called.

Answers

The will of enemy people or their capacity to resist, employee any means necessary but mainly by attacking civilians and their support systems, such as food supply, is called special operations.

Small military units may be utilised directly or indirectly in Special Operations (SO) to accomplish strategic or operational goals. They require units with specialised troops, equipment, and tactics that go beyond what normal armed forces typically have access to.

While the phrase "special operations forces" (SOF) is used more broadly in the United States, the word "special forces" is frequently used to refer exclusively to the Special Forces of the U.S. Army.

At its headquarters, four service component commands, and eight sub-unified commands, the U.S. Special Operations Command (USSOCOM) is home to over 70,000 Active Duty, National Guard, and Reserve soldiers from all four services as well as civilian employees of the Department of Defense (DOD).

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Economic globalization refers to the economic _____ of nations resulting from mutual____

Answers

Answer:

interdependence, trade

Explanation:

Based on the map above, what political group(s) controlled North Africa in 1400?

Answers

From the map that we have here, the Ottoman would be the group that controlled the period of North Africa in the period of 1400.

What was the Ottoman society?

This was the name of an empire that was built during the period of the 13th century. The ottoman empire was a Muslim empire that controlled some parts of the world such as Asia, parts of Africa as well as some parts of Europe.

They were a large group and they were also a multi Ethnic and religious group. Other the area was made predominantly of the Muslims, the Jews, the Christians were also known to have lived in the area as well.

They were known to have excelled in subjects such as the arts, in science as well as the area of medicine. Some of the parts of North Africa that were known to be parts of the empire were areas such as Libya, areas such as Egypt as well.

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Answer: the Hafsids and Mamluks

Explanation:

How did the geography of China affect its development?

Answers

Answer:

The large land was isolated from much of the rest of the world by dry deserts to the north and west, the Pacific Ocean to the east, and impassable mountains to the south. This enabled the Chinese to develop independently from other world civilizations.

Explanation:

Geographical factors such as these assisted China in fending off invaders. The greatest mountains in the world, the Himalayas, guard China to the southwest. The Gobi Desert is located to China's north, and the Pacific Ocean is located to its east. For many years, China was largely cut off from the rest of the world.

How did the geography affect ancient China?

Ancient China grew along rivers, just like the other early civilizations. In ancient China, the Huang He or "Yellow" River to the north and the Yangtze River to the south both had significant river valleys. The golden hue of the water gives the Yellow River its name. This was produced on fertile, yellow-colored soil that was excellent for agricultural. Due to the fact that the foundation of Chinese culture was laid along its banks, it is frequently referred to as the "cradle of Chinese civilization."

The Yangtze River is south of the Yellow River and also flows to the east. Farmers along the Yangtze River took advantage of the warm climate and rainy weather to grow rice. Eventually the land along the Yangtze became some of the most important and wealthy land in all of Ancient China.

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what led to the fall of the knights of labor? responses triangle fire of 1911 triangle fire of 1911 laissez-faire laissez-faire haymarket riot haymarket riot homestead act

Answers

The event that led to the Fall of the Knights of Labor was the Haymarket riot.

What was the Haymarket riot?

The Haymarket riot was an ugly incident that occurred in Chicago in the year 1886 in the month of May. The Haymarket riot saw the deaths of about seven police officers as well as four people who were civilians and either protesting or got caught up in the event. The Haymarket riot happened during a protest that was organized by the Knights of Labor and happened when a bomb was thrown at the Police.

The reason the Knights of Labor organized the protest was to campaign for an eight hour work day as opposed to the excessive working hours that people were forced to work at the time. After the riot, the police clamped down on many people and this led to the fall of the Knights of Labor as labor union.

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How did powerful families such as the Medici and the Sforza help spread Renaissance ideas?

A. They provided financial support to young artists and writers.
B
They educated the poor children living in their own city-states.
C. They constructed schools and colleges to teach the humanitie
D. They borrowed money from banks to invite foreign artists to Italy.
E. They promoted contemporary works over religious works.

Answers

Answer: They provided financial support to young artists and writers.

Explanation:

Through their wealth, influence, and patronage. Medici and Sforza were instrumental in encouraging humanistic scholarship and commissioning iconic works of architecture and countless artistic masterpieces that emblemized the Italian Renaissance.

How was the company's response to the recession seen as unfair by laborers?

Answers

Answer:

they were taken to ccma

Explanation:

when a employee is not treated fairly the go to CCMA to report the matter

#1 GET BRAINLIEST What it is called when a nation embraces the military and bases its national pride on the growth and funding of its' armed forces?

Answers

Answer: I believe it's Militarism.

Explanation:

The magna carta of 1215 is a foundation document in establishing the principle of limited government. question 5 options: true false

Answers

It is true that the Magna Carta of 1215 is a foundation document in establishing the principle of limited government.

Magna Carta was issued in June month 1215 and was the primary document to place into writing the principle that the king and his government wasn't higher than the law. It wanted to stop the king from exploiting his power, and placed limits of royal authority by establishing law as an influence in itself.

The Magna Carta (or nice charter) is that the foundation of the idea of restricted government. Signed in 1215 by King John in Britain, the document provided for the folks what we have a tendency to currently take for as basic rights. With the Magna Carta, the folks were to be given a shot by jury.

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The outcome of Marbury v Madison was that the US Supreme Court has the power of

A. Checks and Balances
B. Popular Sovereignty
C. Natural Law
D. Judicial Review

Answers

The outcome of Marbury v Madison was that the US Supreme Court has the power of  Judicial Review.

The correct option is D.

The Supreme Court of the United States established the notion of judicial review in the historic case of Marbury v. Madison, which means that American courts have the authority to invalidate laws and acts that they determine to be in conflict with the U.S. Constitution.

The Constitution cannot be changed by legislation passed by Congress, such as by extending the Supreme Court's original jurisdiction.

The American judiciary does not specifically have the authority of judicial review under the U.S. Constitution. However, the Court's ruling provides several arguments in favour of the judiciary's ownership of the authority. First, Marshall argued that judicial review was naturally established by the written character of the Constitution.

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Which three factors were part of European Imperialism? exploitation of foreign regions for natural resources opposition to the enslavement of Africans promotion of the idea of white superiority the popularity of Islam in Northern Africa the spread of the English language in South Asia

Answers

Three factors that were part of European Imperialism are the exploitation of foreign regions for natural resources, the promotion of the idea of white superiority, and the spread of the English language in South Asia. The correct options are a, c, and e.

What is European Imperialism?

The practice of European countries creating empires abroad, outside of Europe, is referred to as "European imperialism."

This process started with Columbus' first journey in 1492 and came to an end with decolonization in the middle of the 20th century.

Therefore, the correct options are a, c, and e.

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How has the United States changed since the post-Civil War period?

Answers

Answer:

Slavery was abolished but we still had segregation and discrimination.

industrial development in the united states before 1870 a. included an efficient transportation network. b. made no real impression on either the society or the economy. c. was mainly a development of the southern states. d. depended upon slave labor in the factories. e. had asian immigrants making up over half of the factory labor until the 1850s.

Answers

The correct answer is option A.

Industrial development in the united states before 1870 included an efficient transportation network.

In 1789, the first textile industry was set up in the United States after the emigration of Samuel Slater from Britain to Rhode Island.

After that, the United States saw an abrupt population growth which played a crucial role in the development of industries as there was enough supply of workers.

Moreover, the expansion of the railroad network across the country also proved a mark at the beginning of the industrial revolution as it completely transformed the American social class and structure.

As a result of the industrial development, there was a positive impact on American society as it improved the living standards of middle-class and upper-middle-class families.

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Odoric of Pordenone, a Catholic missionary to the Great Khan’s court, Report, 1330. The court of this lord [the Great Khan] is well ordered, namely ranked into tens, hundreds, and thousands, with all their assigned places and all answerable to one another lest any defect ever be found in the performance of their duties or in any other matter.​

Answers

A Catholic missionary to the Great Khan's court named Odoric of Pordenone, Report, 1330.

Early 14th-century Franciscan friar and traveller Odoric of Pordenone was born in 1286 in Villanova, close to Pordenone in Aquila, Italy, and passed away on January 14, 1331, in Udine.

In the English text The Voyage and Travels of Sir John Mandeville, Knight, commonly referred to as Mandeville's Travels and allegedly authored by Sir John Mandeville in the 14th century, the story of his visit to China achieved widespread popularity and appears to have been lifted verbatim.

Odoric was sent to Asia (about 1316–1318) after taking his vows in Udine, Italy, and stayed there until 1329. He visited Franciscan houses in Trabzon and Erzurum, which are now in Turkey, while travelling through Asia Minor (Anatolia).

Before visiting Baghdad, he travelled around Persia (Iran), stopping at the Franciscan residence in Tabrz before moving on to Kish, Yazd, Persepolis, and Shrz.

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What was the purpose of the Triple Alliance formed by the Aztec? To gain more prisoners of war for human sacrifices To end the periodic wars that had hurt the Mesoamerican people To oppose the Spanish invaders To reduce trade tariffs and promote commerce

Answers

The purpose of the Triple Alliance formed by the Aztec is that  To reduce trade tariffs and promote commerce.

What is the reason behind the Triple Alliance formed by the Aztec?

The reason behind the Triple Alliance formed by the Aztec can be attributed to the fostering of the social as well as the political interactions through alliances .

It should be noted that this was set up so that they can bring about the reduction of tax as well as the promotion o the commerce so that the economy as well as the political structure can be formed .

Therefore, the last option is correct.

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Answer: It is A, to gain more prisoners of war for human sacrifices

Explanation:

America claims that it is the great melting pot. Do you agree? Why or why not?

Answers

Answer:I agree

Explanation: America is a melting pot because it is multi-ethnic, multi-religious, multi-lingual, and multi-political across multiple economic classes and there are no laws that directly allow or enforce discrimination on those and other bases.

what problems did italy experience after world war i? strikes and demonstrations by workers loss of most of its territory poor economic conditions inability to pay reparations to the allies

Answers

Problems that Italy faced after world war I was strikes and demonstrations by workers and poor economic conditions.

Italy got to world war I with a promise to get some territories after the war which they did not secure. Their governments had printed money to pay for arms but inflation came in making their currency worthless. They could not save and rents by landowners decreased in value while unemployment rose. Strikes from agricultural laborers at harvest time, Trade unions, operating pressed for higher wages, and people in the public services too.

Inflation, massive debts, and a huge depression caused Italy's economy to collapse.

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Explain the impact of the Golden Age of Athens on Greece, other regions, and later periods
In history by completing the following tasks:
Identify and describe one innovation developed during the golden age
Describe the effects of that innovation on Greece, other regions and/or later periods in history

Answers

This endeavour resulted in the formation of the Acropolis and the construction of the Parthenon. Under Pericles' direction, Athens developed into a hub of culture, a city where the fine arts, performing arts, philosophy, and architecture all flourished.

What impact did the golden age have?

Therefore, the term "Golden Age" refers to an era of supreme tranquilly, harmony, security, and wealth. Peace and tranquilly ruled throughout this time period since people didn't need to work to eat because the planet gave food in large quantities.

All of the governmental, religious, and educational institutions were housed here. The founding ideals of democracy were also established in this location. A monarchy was once in place at Athens, but this was later replaced by an assembly of elected officials.

Greece's "golden period" only lasted a little over a century, yet it was during this time that western civilisation was established. The end of the era saw an ignoble and protracted war between Athens and Sparta, which began with the improbable victory of a small Greek force over a massive Persian army.

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Solve: -3+12x=-3x+27 higher concentration of salt. 1. inhibits nucleic acids secondary structure formation by increasing repulsion of phosphodiester backbones. 2. will have no effect on nucleic acids secondary structure formation. 3. promotes nucleic acids secondary structure formation by decreasing repulsion of phosphodiester backbones. 4. affects nucleic acids secondary structure formation by changing the strength of stacking interactions. group of answer choices Difference between Power and Leadership Lord of the FliesThree main Reasons/differencesEssay - 3 body paragraphs 6. What is the monomer (building block) of nucleic acids such as DNA and RNA a.Nucleotidesb.Amino Acidsc.Glycerol head and fatty acid tailsd.Monosaccharide the average depth of the arctic ocean is 3.953x10^3 feet while the average depth of the atlantic ocean is 1.2851x10^4 feet. approximately how many times deeper is the atlantic ocean than the arctic ocean What is the focal length of a concave lens that forms an image with a xi value of -10.0 cm when an object is 35.0 cm from the lens? A veterinarian is visited by many pets and their owners each day. Before the doctor attends to each pet, an assistant records information including the type, age, weight, and height of each pet. What are the individuals in the data set? Points 1 to 6To present y=-x^3+3x^2, 9 points must be selected, point 1: Domain, 2: zeros of the function, 3: period and symmetry, 4: sign of the function, 5: going to the edge of the function, 6: asymptotes, 7: monotony and extreme values, 8: concavity and convexity, 9: to present the function graphically. A paper company needs to ship paper to a large printing business. The paper will be shipped in small boxes and large boxes. The volume of each small box is 6 cubic feet and the volume of each large box is 15 cubic feet. There were 2 more small boxes shipped than large boxes and the total volume of all boxes was 243 cubic feet. Write a system of equations that could be used to determine the number of small boxes shipped and the number of large boxes shipped. Define the variables that you use to write the system. PLS HELP ASAP Clara and Toby are telemarketers.Yesterday, Clara reached 4 people in 10 phone calls, while Toby reached 3 people in 8 phone calls.If they continue at those rates, who will reach more people in 40 phone calls?Use the drop-down menu to show your answer. Solve the unequality10 is greater than X over six what is a sales return?multiple choice question.a sales return refers to merchandise that customers return to the seller after a sale.a sales return is the cash discount given for early payment of an invoice.a sales return refers to merchandise a seller acquires, but then returns to the buyer.a sales return is designed to shorten the payment period between the buyer and the seller. For the function f(x)= x^2+4x-1, what is the range of f (x) for the domain {-2,0,1}? according to government data, 51% of employed women have never been married. rounding to 4 decimal places, if 15 employed women are randomly selected: a. what is the probability that exactly 2 of them have never been married? b. that at most 2 of them have never been married? c. that at least 13 of them have been married? Find an equation of the line described. Write the equation in slope-intercept form.With slope of -2 through (0,4)the equation of the line is y=0 Determine which set of side measurements could be used to form a triangle. 12, 23, 7 10, 7, 2 8, 3, 11 5, 11, 8 all of the following would enhance recruiter effectiveness except: group of answer choices ensuring that recruiters provide applicants with timely feedback. recruiting in teams rather than individually. using realistic work perusal as part of the recruitment process. ensuring that recruiters are knowledgeable about company policies and procedures. underline and fix the dangling modifier:Fishing for trout, our boat tipped over. 4. WATER Mr. Williams pays $40 a monthfor city water, no matter how manygallons of water he uses in a givenmonth. Let x represent the number ofgallons of water used per month. Let yrepresent the monthly cost of the citywater in dollars. What is the equation ofthe line that represents this information?What is the slope of the line?+0 Dave and his friends went out to celebrate his birthday at Chill's in buda. their meal cost $86 and they left a 15% tip how much was the total bill including tip?