ADVANCED PLACEMENT AP HIGH SCHOOL

Jamal quits a job that was paying him $30,000 per year and decides to start his own business. He runs his business out of his house in a room he had been renting to his colleague for $12,000 a year. Jamal withdraws the $20,000 in his savings account that had been earning him a 10 percent annual interest to purchase computers and related accessories and equipment for the business. During the first year of operation, Jamal’s business incurred $30,000 in explicit costs and generated $60,000 in total sales. Jamal’s economic profit is

Answers

Answer 1
Answer:

Based on the information given, it should be noted that the economic profit generated will be $14000.

Economic profit is simply calculated as:

Total revenue - Implicit cost - Explicit cost.

= 60000 - 44000 - 30000

= 14000

Implicit cost was calculated as:

= 30000 + 12000 + 2000

= 44000

In conclusion, the correct option is $14000.

Learn more about economic profit on:

brainly.com/question/1078746
Answer 2
Answer:

Answer:

it will be 60,000 in total profit

Explanation:he started with 30,000-12,000=18,000+20000+2000 from the 10 percent annual interest which will equal 30,000 in total minus the 30,000 for the cost of in equiment it will be 60,000 in total profit

Related Questions

Technician A says the harmonic balancer may be attached to the crankshaft using a Woodruff key and center bolt. Technician B says the harmonic balancer may be attached to the crankshaft using a square key and center bolt. Who is correct?Choose one answer.a. Technician A b. Technician B c. Both Technician A and Technician B d. Neither Technician A nor Technician B
Plants get their food by _____.
A researcher has found that students who sleep more in class get lower grades on their exams. This is an example of a(n)A) positive correlation. B) independent variable. C) negative correlation. D) dependent variable.
Eliza remembers her grandfather telling the story of how he met her grandmother 50 years ago. Eliza’s grandpa has these memories stored in his __________ memory.A.short-term B.long-term C.implicit D.echoic
The United States Constitution is best described as aa. statement of rules and procedures for government. b. summary of governmental customs and traditions. c. guarantee of governmental customs and traditions. d. justification for rebellion against Great Britain.

The link between extreme stress and cardiovascular problems can be explained by all of the following EXCEPTA) increased adrenaline.
B) increased negative coping strategies.
C) increased hostility.
D) increased physical activity.

Answers

b increased negative coping strategies

Name 3 elements in carbohydrates.

Answers

carbon, hydrogen, oyxgen

Rank the following views of people's work in order from least amount of personal meaning to most.A) career, job, calling
B) calling, job, career
C) job, career, calling
D) career, calling, job

Answers

Answer:

We must rank it from least to most personal meaning.

The most personal meaning thing would be "calling", this is what you love, it may be music, art, sports, etc. Maybe something in which you really can not live, but you will still do in your free time.

The second most personal thing is a career, this is what you wanted to learn (in an objective world, where you went to college because you wanted to do it) from the given options, you choose the one that better suits you, and you always can specialize in the field that you most love.

The lest personal thing is job, while lots and lots of people love their job, the biggest part has the job that they can have, and keep it because they need it to live, so in most cases, you must choose a job just for the pay, and not because it makes you feel good.

then the correct option is C) job, career, calling.
A. Is the answer your looking for if explanation is needed ask.

Can a dialect become a standard language?
A) Yes
B) No

Answers

I am 100% sure your answer is,Yes

Ryan is a young teen who has constant access to the Internet. In what way is he likely to misuse this access?A.by reading books online
B.by chatting with friends
C. by downloading violent or sexual content
D. by not allowing his parents to use media

Answers

Answer:

B. by chatting with friends

C. by downloading violent or sexual content

Explanation: The immoderate use of internet can decrease Ryan's concentration for studying and lead him to explore deeper into the internet world. By having access to almost everything online, he can delve into online sexual content and develop interest in it. Since the content varies, it is most likely for Ryan to get attracted to violent content. Also, as a teenager, instead of using internet to gather information for a lecture or a test, he can quickly lose interest by being online with his friends constantly. Therefore, it is very important for parents to have some kind of control of the teenager's online surfing since it can deeply affect his concentration, mental health and view of sexual intercourse.

Answer:

ITS C

Explanation:Trust me i got it right

Which expression can be used to show a roster of 24 players divided into 4 teams?A. 4/24

B.24÷6

C.24÷4

D.6/24

Answers

C, because there will be 4 teams of 6 with that answer.
Other Questions
Karla and Ron have been making out for 30 minutes and it is starting to get intense. Karla's pulse is racing and her blood pressure is increasing. She's notices her breath is coming faster and Ron is more erect. Karla and Ron are most clearly in the _____ phase of the human sexual response pattern.A) excitement B) plateau C) orgasm D) resolution
Which of the following did NOT contribute to American prosperity during the "Coolidge" years?(A) America's new position as a world creditor. (B) The prosperity of older industries such as textiles and shipping. (C) The pro-business attitude of the federal government. (D) Federal help in the form of low Federal Reserve interest rates and a very high tariff. (E) New technology which created new consumer goods.
It is popularly believed that Patrick Henry, in his speech against the Stamp Act of 1765, implied that George IIIwould be assassinated, and then concluded with the phrase, "If this be treason, make the most of it." Four differing reports of this speech, two of which omit the concluding phrase, are found in the following sources: the diary of a Fr enchmen who was an eyewitness and described the event the same day; a letter printed in a London newspaper about six w eeks later; a history of Virginia written in 1805; and a note written in 1817 by Thomas Jefferson. Which of the following facts casts the greatest doubt on the accuracy of Jefferson's note confirming the concluding phrase of Henry's speech? (A) Jefferson and Henry had each served as governor of Virginia. (B) Jefferson was only twenty-two in 1765. (C) Jefferson's note was written to a man who was writing a biography of Henry. (D) Jefferson was not actually a member of the House of Burgesses in 1765. (E) Jefferson's note was written fifty-two years after the speech was delivered.
Coral reefs are the most diverse of all marine ecosystems. They are home to almost one quarter of all ocean species. Coral reefs are also important to people, providing food, protection of shorelines, tourism jobs, and even medicines. However, this is a fragile ecosystem, threatened by human activity and environmental changes. Which of these threats is not caused by abiotic factors? A) Coral reefs are affected by overfishing. B) Coral reefs are affected by changing ocean chemistry. C) Coral reefs are affected by global warming due to increases in greenhouse gases. D) Coral reefs are affected by pollution due to runoff of chemicals into the ocean.