Question: Please complete each sentence with the most appropriate term. a . Jackson manages his father's fruit stand. He takes an accounting of all of the
Please complete each sentence with the most appropriate term.
a Jackson manages his father's fruit stand. He takes an accounting of all of the company's assets, including equipment, tools, financial assets, and inventory. These items are examples of
economic profit
capital
accounting profit
b Abe owns a candy shop and at yearend calculates his revenue r
implicit cost t is his
explicit cost
the implicit cost of capital
c Hailey decides to buy a pretzel from the cart outside her office. She pays $ in cash for her lunch. The $ is an example of
d Annabelle runs a tutoring company. In determining her costs and benefits from the venture, she includes her opportunity costs from choosing to open the tutoring business. She is evaluating the firm's
e Sacha leaves his job as a nuclear engineer to become a train conductor. One day, while riding the rails, he considers the salary he could have earned had he remained an engineer. This is an example of
f Ginny works for an investment firm, and, after reviewing the investment decisions her firm made in the last year, she considers other ways the funding could have been used. She is considering the
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