Definition of economic costs Gilberto lives in San Diego and runs a business that sells pianos. In an average year, he receives $701,000 from selling pianos. Of this sales revenue, he must pay the manufacturer a wholesale cost of $420,000; he also pays wages and utility bills totaling $247,000. He owns his showroom; if he chooses to rent it out, he will receive $9,000 in rent per year. Assume that the value of this showroom does not depreciate over the year. Also, if Gilberto does not operate this piano business, he can work as a financial advisor, receive an annual salary of $32,000 with no additional monetary costs, and rent out his showroom at the $9,000 per year rate. No other costs are incurred in running this piano business.

Answers

Answer 1

The wholesale cost for the pianos that Tim pays the manufacturer, wages and utility bills that Tim pays are counted as explicit cost. On the other hand, the salary that Tim could earn if he worked as an accountant and the rental income that Tim could earn from renting his showroom fall under implicit cost.

Difference between Implicit Cost and Explicit Cost:

These two expenses, implicit cost and explicit cost, both represent company activity. The connection between cost and business is what distinguishes these two.

An explicit cost is one that the owner bears directly; an implicit cost is one that the owner bears indirectly without paying or utilizing its own resources. However, the organization or corporation takes into account both expenses while making management decisions.

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Related Questions

the difference between 2 numbers, a and b is 21. the difference of 5 times a and 2 times b is 18. What are the values of a and b?

Answers

Answer:

Step-by-step explanation:

a-b=21

5a-2b=18

Using elimination, we have

5a-5b=105

5a-2b=18

So:

3b=-87 so b=-29

Substituting, a=-8

(a,b)=(-8,-29)

Please help, need for math hw and cant figure it out

Answers

The standard form of the quadratic function f(x) = -3x^2 + 6x - 2 is f(x) = -3x^2 + 6x - 2

How to represent the quadratic function in standard form?

The quadratic function is given as

f(x) = -3x^2 + 6x - 2

The standard form of a quadratic function is represented as:

f(x) = ax^2 + bx + c

When both equations are compared, we can see that the function f(x) = -3x^2 + 6x - 2 is already in standard form

Where

a = -3

b = 6

c = -2

Hence, the standard form of the quadratic function f(x) = -3x^2 + 6x - 2 is f(x) = -3x^2 + 6x - 2

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What is the distance from (-5,2) and (0,4)?

Answers

Answer:

d = [tex]\sqrt{29}[/tex]

Step-by-step explanation:

The distance between two points is given by

d = [tex]\sqrt{ ( x2 - x1) ^2 - ( y2-y1)^2}[/tex]  where ( x1,y1) and ( x2,y2) are the two points

d = [tex]\sqrt{( 0 - -5) ^2 + (4 - 2) ^2}[/tex]

d = [tex]\sqrt{5^2 + 2^2}[/tex]

d = [tex]\sqrt{25 +4}[/tex]

d = [tex]\sqrt{29}[/tex]

Answer: [tex]\Large\boxed{Distance=\sqrt{29} }[/tex]

Step-by-step explanation:

Given information

[tex](x_1,~y_1)=(-5,~2)[/tex]

[tex](x_2,~y_2)=(0,~4)[/tex]

Given the distance formula

[tex]Distance =\sqrt{(x_2-x_1)^2+(y_2-y_1)^2}[/tex]

Substitute values into the formula

[tex]Distance =\sqrt{((0)-(-5))^2+((4)-(2))^2}[/tex]

Simplify values in the parenthesis

[tex]Distance =\sqrt{(0+5)^2+(4-2)^2}[/tex]

[tex]Distance =\sqrt{(5)^2+(2)^2}[/tex]

Simplify the exponents

[tex]Distance =\sqrt{25+4}[/tex]

Simplify values in the radical sign

[tex]\Large\boxed{Distance =\sqrt{29}\approx5.4}[/tex]

Hope this helps!! :)

Please let me know if you have any questions

What is the range for the possible sizes of x?
(Fill in the boxes)

Answers

Answer:

1.6 and 9.6

Step-by-step explanation:

Ellen read a book a day for 10 weeks. How many books did
she read in all?

Answers

1 week = 7 days

10 weeks = 10×7 days

= 70 days

if Ellen reads 1 book in a day

Therefore,

1 day = 1 book

70 days = 70×1

= 70 books.

Thus Ellen reads 70 books in 10 weeks.

Hope helps

Answer:

70 books

Step-by-step explanation:

Ellen reads one book per day for 10 weeks.

All we need to do to know the number of books Ellen read overall is to multiply 1 (number of books he read each day) and 10 weeks (total number of days).

Each week is 7 days, so 10 weeks is equal to 70 days.

The equation will be: 1 x 70

We can conclude that Ellen read 70 books overall within 10 weeks.

PLEASE HELP ME WITH THIS QUESTION
6

Answers

Answer:

45

Step-by-step explanation:

Assuming this is a trapezoid,

[tex]\frac{29+WZ}{2}=37 \\ \\ 29+WZ=74 \\ \\ WZ=45[/tex]

giving brainliest!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Answers

The given focal points and the lengths of the minor and major axis of 16 and 20 gives the equation of the ellipse as the option;

[tex] B. \: \frac{(x + 3)^{2}}{ 100} + \frac{(y - 2)^{2}}{ 64} = 1 [/tex]

Which method can be used to obtain the ellipse?

The equation of an ellipse is presented as follows;

[tex] \mathbf{ \frac{(x - h)^{2}}{ {a}^{2} } + \frac{(y - k)^{2}}{ {b}^{2} } } = 1 [/tex]

Where;

(x, y) = Coordinates of the center of the ellipse

a = Semi major axis

b = Semi minor axis

Length of minor axis = 16 units

Length of major axis = 20 units

By observation of the coordinates of the focal point, we have;

y-value of the center of the ellipse, k = 2

x-value of the center, h = (-9 + (3 - (-9))/2 = -3

The equation of the ellipse is therefore;

[tex] \frac{(x - ( - 3))^{2}}{ {10}^{2} } + \frac{(y - 2)^{2}}{ {8}^{2} } = 1 [/tex]

[tex] \frac{(x + 3)^{2}}{ 100} + \frac{(y - 2)^{2}}{ 64} = 1 [/tex]

The equation that represents the ellipse is the option;

[tex] B. \: \frac{(x + 3)^{2}}{ 100} + \frac{(y - 2)^{2}}{ 64} = 1 [/tex]

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Someone please help me with this question asap!

Answers

[tex] \qquad \qquad \bf \huge\star \: \: \large{ \underline{Answer} } \huge \: \: \star[/tex]

Correct choice = B

[tex]\textsf{ \underline{\underline{Steps to solve the problem} }:}[/tex]

Take HJ = a, GH = b and GJ = c

a = b + 2

c = a + b - 17

a + b + c = 73

put the value of a from equation 1 in equation 2

[tex]\qquad❖ \: \sf \:c = (b + 2) + b - 17[/tex]

[tex]\qquad❖ \: \sf \:c = 2b - 15[/tex]

now, put the value of a and c in equation 3

[tex]\qquad❖ \: \sf \:b + 2 + b + 2b - 15 = 73[/tex]

[tex]\qquad❖ \: \sf \:4b - 13 = 73[/tex]

[tex]\qquad❖ \: \sf \:4b = 86[/tex]

[tex]\qquad❖ \: \sf \:b = 21.5 \: \: in[/tex]

Now, we need to find HJ (a)

[tex]\qquad❖ \: \sf \:a = b + 2[/tex]

[tex]\qquad❖ \: \sf \:a = 21.5 + 2[/tex]

[tex]\qquad❖ \: \sf \:23.5 \: \: in[/tex]

[tex] \qquad \large \sf {Conclusion} : [/tex]

Option B is correct

Answer:

23.5 in

Step-by-step explanation:

To find the length of HJ in triangle GHJ, create three equations using the given information, then solve simultaneously.

Equation 1

HJ is two inches longer than GH:

⇒ HJ = GH + 2

Equation 2

GJ is 17 inches shorter than the sum of HJ and GH:

⇒ GJ + 17 = HJ + GH

Equation 3

The perimeter of ΔGHJ is 73 inches:

⇒ HJ + GH + GJ = 73

Substitute Equation 1 into Equation 2 and isolate GJ:

⇒ GJ + 17 = GH + 2 + GH

⇒ GJ + 17 = 2GH + 2

⇒ GJ = 2GH - 15

Substitute Equation 1 into Equation 3 and isolate GJ:

⇒ GH + 2 + GH + GJ = 73

⇒ 2GH + GJ = 71

⇒ GJ = 71 - 2GH

Equate the two equations where GJ is the subject and solve for GH:

⇒ 2GH - 15 = 71 - 2GH

⇒ 4GH = 86

⇒ GH = 21.5

Substitute the found value of GH into Equation 1 and solve for HJ:

⇒ HJ = 21.5 + 2

HJ = 23.5

pls help

heather had some candy to give to her five children. she first took eight pieces for herself and then evenly divided the rest amount her children. each child received four pieces. with how many pieces did she start?

Answers

Answer: She started with 28 pieces of candy.

Step-by-step explanation: In the beginning of the question it says that heather took 8 pieces. Then she divided the rest evenly amongst her 5 kids. Each received 4, so that make the equation 8+(5x4) which gives us 8+(20). Or 8+20 which is 28.

Answer:

She started with 28 candies.

Explanation:

Let the total amount of candies be c

Build equation:

heather took out 8 candies for herself

remaining: c - 8

then divided the remaining candies to her five children

each gets: (c - 8)/5

Here given each gets 4 candies

So,

(c - 8)/5 = 4

c - 8 = 5(4)

c - 8 = 20

c = 20 + 8

c = 28

Suppose that the derivable functions x=x(t) and y=y(t) satisfy xcosy=2.
If dx/dt=−2, find dy/dt when y=π/4.

a-) -√2 / 2
b-) 4
c-) -2√2
d-) √2
e-) 2√2

Please, someone help me!

Answers

Applying implicit differentiation, it is found that dy/dt when y=π/4 is of:

a-) -√2 / 2.

What is implicit differentiation?

Implicit differentiation is when we find the derivative of a function relative to a variable that is not in the definition of the function.

In this problem, the function is:

xcos(y) = 2.

The derivative is relative to t, applying the product rule, as follows:

[tex]\cos{y}\frac{dx}{dt} - x\sin{y}\frac{dy}{dt} = 0[/tex]

[tex]\frac{dy}{dt} = \frac{\cos{y}\frac{dx}{dt}}{x\sin{y}}[/tex]

Since dx/dt=−2, we have that:

[tex]\frac{dy}{dt} = -2\frac{\cos{y}}{x\sin{y}}[/tex]

When y = π/4, x is given by:

xcos(y) = 2.

[tex]x = \frac{2}{\cos{\frac{\pi}{4}}} = \frac{2}{\frac{\sqrt{2}}{2}} = \frac{4}{\sqrt{2}} \times \frac{\sqrt{2}}{\sqrt{2}} = 2\sqrt{2}[/tex]

Hence:

[tex]\frac{dy}{dt} = -2\frac{\cos{y}}{x\sin{y}}[/tex]

[tex]\frac{dy}{dt} = -\frac{1}{\sqrt{2}}\cot{y}[/tex]

Since cot(pi/4) = 1, we have that:

[tex]\frac{dy}{dt} = -\frac{1}{\sqrt{2}} \times \frac{\sqrt{2}}{\sqrt{2}} = -\frac{\sqrt{2}}{2}[/tex]

Which means that option a is correct.

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if x is normally distributed with U = 283 and o = 21 find p(x) is greater than 315

Answers

The probability that the value of p(x) is greater than 315 is 0.063754

How to determine the probability that the value of p(x) is greater than 315?

From the question, the given parameters about the distribution are

Mean value of the set of data = 283Standard deviation value of the set of data = 21The actual data value = 315

The z-score of the data value is calculated using the following formula

z = (x - mean value)/standard deviation

Substitute the given parameters in the above equation

z = (315 - 283)/21

Evaluate the difference of 315 and 283

z = 32/21

Evaluate the quotient of 32 and 21

z = 1.524

The probability that the value of p(x) is greater than 315 is then calculated as:

P(x > 315) = P(z > 1.524)

From the z table of probabilities, we have;

P(x > 315) = 0.063754

Hence, the probability that the value of p(x) is greater than 315 is 0.063754

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need heeeelp please ​

Answers

Answer:

Initial population: 222 fish

After 7 years: 871 fish

Step-by-step explanation:

Initial population size:

Let t=0

∴P(0)=[tex]\frac{2000}{1+8e^0}[/tex]

       =[tex]\frac{2000}{1+8}[/tex]

       =[tex]\frac{2000}{9}[/tex]

       =222 fish

After 7 years:

Let t=7

∴P(7)=871 fish

One integer is 4​ times another. If the product of the two integers is 144, then find the integers.

One possible set of answers is;
Another possible set of answers is:

Answers

x * 4x = 144
4x^2 = 144
x^2 = 36
x = 6 or -6

-6 and -24
6 and 24

An envelope contains $1.20 in dimes and nickels. if the dimes were quarters and the nickels were dimes, there would be $1.35 more in the envelope. How many nickels are in the envelope?

Answers

The nickels in the envelope is $0. 12

How to determine the number

From the information given, we have that;

Dimes + nickels = $1. 20

1/4 dimes + dimes = $ 1. 35

Let dimes = d

Nickels = n

d + n = 1. 20    equation a

d/4 + d = 1. 35   equation b

Make 'd' subject from equation a

d = 1. 20 - n

Substitute into equation b

1. 20 - n/ 4 + 1. 20 - n = 1. 35

0. 3 - 0. 25n + 1. 20 - n = 1. 35

collect like terms

- 1. 25n = 1. 35 - 1. 5

- 1. 25 = - 0. 15

n = -0. 15/ -1. 25

n = 0. 12

Thus, the number of nickels in the envelope is $0. 12

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Evaluate the following functions for the given value.
19. f(x) = -x3 + x2; -2

Answers

Answer:

12

Step-by-step explanation:

f(x) = -x^3 + x^2

Let x = -2

Evaluate the expression

f(-2) = -(-2)^3 + (-2)^2

       = - (-2)*(-2) * (-2)  + ( -2) * (-2)

       = -(-8) + ( 4)

    = 8 + 4

   = 12

If s(x) = x - 7 and f(x) = 4x²-x + 3, which expression is equivalent to (t*s) (x)?

Answers

Answer: [tex]4x^3 -29x^2 +10x-21[/tex]

Step-by-step explanation:

[tex](4x^2 -x+3)(x-7)\\\\=4x^3 -28x^2 -x^2 +7x+3x-21\\\\=4x^3 -29x^2 +10x-21[/tex]

Divide the following polynomials, then place the answer in the proper location on the grid. Write answer in descending powers of x. (27x 4 - 18x 3 + 9x 2) ÷ 3x

Answers

Answer:

9x3 - 6x2 + 3x

Step-by-step explanation:

(27x 4 - 18x 3 + 9x 2) ÷ 3x

Dividing each term between 3x we have:

9x3 - 6x2 + 3x

We can check the result:

(9x3 - 6x2 + 3x) * (3x)

= (27x4 - 18x3 + 9x2)

a chord subtend an angle of 72⁰ at the center of a circle with radius 24.5m. calculate the perimeter of the minor segment​

Answers

The perimeter of the minor segment is 77. 4m

How to determine the perimeter

The formula for determining the perimeter of the minor segment is given as;

Perimeter = θ/360 × 2πr + 2r sin θ/2

where;

radius = 24. 5mθ = 72

Substitute into the formula;

Perimeter = (72/360 × 2 × 3. 142 × 24. 5) +( 2 × 24. 5 × sin 72)

Perimeter = 30. 79 + 46. 60

Perimeter = 77. 4 m

Thus, the perimeter of the minor segment is 77. 4m

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HELP!!! A,B,or C
Eric was rock climbing. At one point, he stopped and climbed straight down 2 1/2 meters. Then he climbed straight up 6 3/4 meters.Eric was wondering what his change in elevation was after these two moves.

Answers

The answer is B
Let’s think of his current location as 0
Since he climbed down 2 1/2 meters, u would think of it as 0 - 2 1/2 which equals - 2 1/2
Now his current location is - 2 1/2
Then he goes up 6 3/4 so to get his new location, we would simply add 6 3/4 to -2 1/2
So the answer would be -2 1/2 + 6 3/4 which would be B! Hope this helps!!

4/7=×/6 what does × =

Answers

Answer:

3.42857143

Step-by-step explanation:

You multiply 4/7 by 6 to isolate the variable

Answer:

3 3/7 or 24/7

As a decimal: 3.42857143

Step-by-step explanation:

Rewrite the proportion:

4/7 = x/6

Multiply both sides by 6 to isolate x:

(4/7) * 6 = x

Multiply 4 and 6, 7 is multiplied by 1 since 6 = 6/1:

x = 24/7

Rewrite as mixed number:

7 * 3 = 21

24 - 21 = 3

x = 3 3/7

Brainliest, please :) (Hoping to become a genius)

how many liters of 70% alcohol solution and 20% alcohol solution must be mixed to obtain 20 liters of 60% alcohol solution?

Answers

Answer:

16 liters of 70% alcohol

4 liters of 20% alcohol

Step-by-step explanation:

Let x = volume of 70% alcohol and y = volume of 20% alcohol. Since we need total of 20 liters, the first equation is x + y = 20. Next, calculate the amount of alcohol in the 20 liters of 60% alcohol. 60% is equivalent to 0.6, so there is 20*0.6 = 12 liters of alcohol in the 20 liter solution. Therefore the second equation is 0.7x + 0.2y = 12.

x + y = 20

0.7x + 0.2y = 12

2x + 2y = 40

7x + 2y = 120

-5x = -80

x = 16

16 + y = 20

y = 4

Add using fraction strip. 1/2 + 5/2​

Answers

Answer:

3

Step-by-step explanation:

First we look at our problem 1/2 + 5/2. We can see our denominator is the same so we can add our numerators. 1/2 + 5/2 equals 6/2 = 3.

Answer:

If you add this fraction in fraction strip instead of equivalent fraction method

Step-by-step explanation:

firstly draw 5 1/2 fraction strip

then draw 12 1/4 fraction strip

we taking 1/4 bcoz 1/4 is multiple of 1/2, under 1/2 there is 2 1/4.

The end product will be 12/4

cancel out it 12/4 by 2 ans = 6/2 still we can cancel so cancel out 6/2 by 2 at the end ans will be 3/1 = 3

if you think it wrong then use the equivalent fraction method to see the answer..

1/2 + 5/2

denominators are same so we will take only one denominator and will directly add the numerators

1 + 5 = 6 so

6/2 cancel it the ans will be 3/1 and it's equal to 3.

Multiply each of the following(X+7)and(y-7)​

Answers

Answer:

xy-49

Step-by-step explanation:

x x y is xy and -7x7 is 49 so the answer is xy- 49

How many three-digit multiples of 5 have three different digits and an odd tens digit?

I am getting 72. which is wrong

Answers

Answer:

68?

Step-by-step explanation:

multiples of 5 end in 5 or 0

_ _ _

last digit has 2 choices ( 5 and 0 )

1,3,5,7,9 are odd

so tens digit has 5 choices but we see that 5 is repeated so we split into more cases

when last digit is 0, tens digit has 5 choices then hundreds digit has 8 choices so 1*5*8=40

when last digit is 5, tens digit has 4 choices and hundreds digit has 7 choices (0 can't be first digit) 1*4*7=28

40+28=68

(g) Every student of class IV donated as much money as their number to make a fund for landslide, If there are 68 students in class IV how much money did they collect?​

Answers

Answer:$2346

Step-by-step explanation: Assuming that the students' numbers start at 1, we have 1+2+3+4.....+65+66+67+68 as the total amount of money raised. We can see that 1+68 = 69 and 2+67 also equals 69. So, we can use this method to figure out how many 69s are in the sum. Since 68 divided by 2 is 34, there are 34 69s in the sum. 34x69 = 2346.

The coefficient of 2(3)(6)Q is

Answers

The coefficient of 2(3)(6)Q is 2(3)(6)

How to determine the coefficient?

The expression is given as:

2(3)(6)Q

For an expression

AQ

Where A is a number or product of numbers and Q is a variable

The number A represents the coefficient

By comparing:

AQ and 2(3)(6)Q

We have

A = 2(3)(6)

Hence, the coefficient of 2(3)(6)Q is 2(3)(6)

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Given u = 3i − 8j and v = −4i + 8j, what is u • v? 73 8 −76 −56

Answers

Answer:  -76  (choice C)

Explanation:

We're applying the dot product.

u dot v = 3*(-4) + (-8)*8

u dot v = -12 - 64

u dot v = -76

The idea is that we multiply the x coordinates together, and the y coordinates together separately. Afterward you add the products. The result of any dot product is a scalar value, aka a single number.

The dot product is useful in many applications. One of which is to determine if two vectors are orthogonal.


How many lines can be drawn through points J and K?

Answers

Answer:

show the image because we cant answer it if there's no picture or image

Step-by-step explanation:

We need some sort of image of further elaboration to answer this. Sorry!

Please help quick what is the answer thank you

Answers

Answer: y= -3x + 4
Explanation: As the general equation of line is y= mx + c where m is the slope of the line and c is the y intercept.
=> for m we need to find the slope of line which is y2 - y1/ x2 - x1
=> 7-1/ -1-1 = 6/-2 = -3
and as we can in the diagram the y intercept is 4
that means our equation for the given line is y = -3x + 4.

Answer:

y= -3x+4

Step-by-step explanation:

y=mx+c

m= y2-y1 ÷ x2-x1

m= -3

y=-3x+c

7=-3(-1)+c

c=4

y=-3+4

Evaluate the expression if a=2,b=-3,C=-1, and D=4


-2(b^2-5c)

Answers

Answer:

Your answer is - 28

Step-by-step explanation:

Given,

          a = 2

          b = - 3

          c = - 1

          d = 4

Now,

       - 2 ( b²  -  5 c )

= - 2 ( -3²  -  5 ( - 1 ) )

= - 2 ( 9 + 5 )

= - 2 × 14

= - 28   ans….

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