Suppose Jill Johnson operates her pizza restaurant in a building she owns in the center of the city. Similar buildings in the neighborhood rent for​ $4,000 per month. Jill is considering selling her building and renting space in the suburbs for​ $3,000 per month. Jill decides not to make the move. She​ reasons, "I would like to have a restaurant in the​ suburbs, but I pay no rent for my restaurant​ now, and I​ don't want to see my costs rise by​ $3,000 per​ month." What do you think of​ Jill's reasoning?Suppose Jill Johnson operates her pizza restaurant in a building she owns in the center of the city. Similar buildings in the neighborhood rent for​ $4,000 per month. Jill is considering selling her building and renting space in the suburbs for​ $3,000 per month. Jill decides not to make the move. She​ reasons, "I would like to have a restaurant in the​ suburbs, but I pay no rent for my restaurant​ now, and I​ don't want to see my costs rise by​ $3,000 per​ month." What do you think of​ Jill's reasoning?

Answers

Answer 1

Answer: Jill is incorrectly ignoring the opportunity cost of using the building she owns.

Explanation:

Based on the information given, Jill is incorrectly ignoring the opportunity cost of using the building she owns.

Here, opportunity cost refers to the cost of what an individual forgoes when such person decides to choose another alternative. Even though he thinks that he's paying no cos for the restaurant, he actually does through the opportunity cost.


Related Questions

bababooey.................................................................

Answers

Answer: Are you bored because i am

.

Answer:

Bababooey

Explanation:

Last week, the logistics employees at Run River got together to determine the best way to ship products overseas. Each employee created a separate plan and submitted it to the logistics manager, who decided which plan the company would pursue.


A. Team

B. Group

Answers

Answer:

B. Group

Explanation:

A team could be made of many peoples who work together and considered the work to be collective. on the other side, the group is one where the work product should be considered as an individual. In this each and every employee would submitted their plans also they came up for the solution also in this they shares the same traits.

hence ,the option b is correct

write a sample complaint for a customer gaining a food born illness from a restaurant

Answers

After going to (restaurant name) I have become ill from the food they are serving.

Answer:

mk

Explanation:

Which is an economic system?
a.
monarchy
c.
dictatorship
b.
democracy
d.
market

Answers

Answer:

market!!!

Explanation:

Market is an economic system. A market economy is an economic system in which supply and demand determine how goods and services are produced.

What is economic system?

An economic system is a method for communities or governments to organize and distribute resources, services, and goods throughout a region or country. As a result, a social system is a form of economic system.

Thus, Option, D market is correct.

For further details about  economic system, click here:

https://brainly.com/question/316198

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A firm in a purely competitive industry has a typical cost structure. The normal rate of profit in the economy is 5 percent. This firm is earning $15 on every $150 invested by its founders. Instructions: Enter your answers as whole numbers. a. What is its percentage rate of return? b. Is the firm earning an economic profit? If so, how large? c. Will this industry see entry or exit? d. What will be the rate of return earned by firms in this industry once the industry reaches long-run equilibrium?

Answers

Answer and Explanation:

The computation is shown below:

a. The rate of return in percentage is

= return ÷ investment

= $15 ÷ $150

= 10%

b. The economic profit is

= rate of return - normal profit rate

= 10% - 5%

= 5%

c. As the economic profit is more than 0 so it should be the entry

d. The rate of return in the long-run equilibrium to the 5% as the rate of return should be equivalent to the normal rate of profit

At December 31, 2019, Talbot Corporation had 90,000 shares of common stock and 20,000 shares of convertible preferred stock outstanding, in addition to 9% convertible bonds payable in the face amount of $2,000,000. During 2019, Talbot paid dividends of $2.50 per share on the preferred stock. The preferred stock is convertible into 20,000 shares of common stock. The 9% convertible bonds are convertible into 30,000 shares of common stock. Net income for 2019 was $970,000. Assume an income tax rate of 30%. How much is the diluted earnings per share for the year ended December 31, 2019

Answers

Answer:

Diluted Earnings per share= $6.9

Explanation:

Earnings per share is the return attributable to each unit of outstanding ordinary share.

It is computed as the Net Income/Number of ordinary shares outstanding

The diluted earnings per share is the EPS assuming all convertible securities were all converted.

Converted shares is computed as follows:

                                         units

Preferred shares    =     20,000

Convertible bonds =     30,000

Total                               50,000

Total outstanding shares ranking for Earnings = Ordinary shares + Converted shares

= 90,000 + 50,000 = 140,000

Diluted Earnings per share = 970,000/140,000= $6.9

Diluted Earnings per share= $6.9

1)______elimination risks.
2)the positive factors of planning is called______.
3)planning is what to do it,how to do it,when to do it and _____in the future.
4)planning must start with simple____.
5)in business,time is gold.for this reason an,
6)entrepreneur must be efficient_____.



a.what to expect
b.time management
c.strengths
e.business plan
f.projects
g.micro​

Answers

Answer:

1. E

2. C

3. A

4. F

5. B

Explanation:

Planning can be defined as the process of developing organizational objectives and translating them into action plans or courses of action.

This ultimately implies that, planning is a strategic technique used by organizations to make an aggregate plan for its manufacturing (production) process typically ahead of time, in order to have an idea of the level of goods that are to be produced and what resources are required so as to reduce the total cost of production to its barest minimum.

1. Business plan eliminates risks. This is because it focuses on defining how a business would achieve its goals, objectives, mission and sets the overall direction for the business using specific strategies.

2. The positive factors of planning is called strengths. They give a business competitive advantage over competitors (rivals) in the same industry.

3. Planning is what to do it, how to do it, when to do it and what to expect in the future.

4. Planning must start with simple or micro projects because they generally require simple and less cumbersome management and technologies.

5. In business, time is gold. For this reason, an Entrepreneur must be efficient in time management i.e being able to control and manage time at all times.

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