Burton's Explicit Cost's

Chap1 Solution of 1st Homework 1.a. pass verbalised cost = $793,000 (= 555,000 + 45,000 + 28,000 + 165,000) entirety unexpressed cost = $190,000 (= 175,000 + 0.15 ( 100,000) entireness economic cost = $983,000 (= 793,000 + 190,000) b. consign loot = $177,000 (= 970,000 793,000) c. Economic meshwork = $13,000 (= 970,000 983,000) d.The owners accounting system profit is $13,000 less than what he could have wee-weeed in salary and return on investment of his $100,000, i.e., his economic profit is $13,000. Thus, he would have do $13,000 more if he had unplowed his job and invested his $100,000 in stocks of opposite businesses. 3.a.Burtons explicit costs atomic number 18 $18,000 per calendar month. His understood in(predicate) be are $20,000 per month ($15,000 + $5,000). b.Opportunity cost = explicit + implicit costs = $18,000 + 20,000 = $38,000 per month c.Burton Cummings costs of production (= $38,000/month) draw his revenues by $13,000 (= 38,000 25,000). Rather than lose $13,000 per month, Burton could profligate his rig (and fix $15,000 per month) and elbow grease trucks for another firm (and sop up $5,000 per month).

With this use of his resources he would earn $20,000 per month. Or, Burton could try his luck as a vocalist in a rock band. 6.a.Some Marriott franchises are fiddle their responsibility to remark high quality hotels, and this fiddle regaining the write up of all Marriott franchises. b.Poorly run franchises rail at the Marriott reputation and reduce the lucrativeness of hotels owned by Marriott. c. Where thither is small-scale take on business, there is less inducement for a hotel to pass on quality service. Where there is a lot of repetition business, franchises ordinate have an incentive to uphold quality to attract repeat business.If you want to get a full essay, order it on our website: Ordercustompaper.com

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