accounting profits and economic profits for Gomez’s pottery. Explicit costs: $37‚000 (= $12‚000 for the helper + $5‚000 of rent + $20‚000 of materials). Implicit costs: $22‚000 (= $4‚000 of forgone interest + $15‚000 of forgone salary + $3‚000 of entreprenuership). Accounting profit = $35‚000 (= $72‚000 of revenue - $37‚000 of explicit costs); Economic profit = $13‚000 (= $72‚000 - $37‚000 of explicit costs - $22‚000 of implicit costs). 8-4 (Key Question) Complete the following table by calculating
Premium Economics of production Variable cost Costs
Tips for choosing the right college During your life there may arise when you might have to take certain crucial future decisions. Such decisions cannot be taken by pulling out the lucky card but it requires proper understanding and judicious decision making. One such important decision that every student has to take in his or her life is which university or college should they choose for their higher education. Look beyond the courses offered No doubt that courses offered by a college are very
Premium University
Adoption What do I have in common with Edgar Allan Poe‚ John Lennon‚ Steve Jobs‚ and Eleanor Roosevelt? We are all adopted. Adoption is the act of transferring parental rights and duties to someone other than the adopted person ’s biological parents. The process of adoption is long‚ can be expensive‚ and varies greatly from state to state. Not only do adoptions vary from state to state but there is variation within a state. The variation comes in as there are various types of adoption. There is
Free Adoption Foster care
what a adoption agent does and guess what they do almost the same thing. They both are helping people and have jobs that are demanding and stressful. There are many different types of social work and one of them is an Adoption Agent. To understand what an adoption agent has to do you have to know a few things: that Louise Waterman Wise founded the first adoption agency‚ you have four important classes
Premium Sociology Psychology Social work
In an open adoption that focuses on keeping the child the center of the relationship between birth parents and adoptive parents‚ it’s important to start with a close and trusting give and take between all parties. It’s a unique balance with mutual respect and a common love for the child allows both birth parents and adoptive parents to recognize and enjoy their separate and distinct roles. Working together can create a healthy foundation for the child allowing them to naturally piece their identity
Premium Family Mother Marriage
Remembering the Past After Adoption Introduction of Open and Closed Adoption Adoption is the social and emotional process in which children‚ who will not be raised by their birth parents‚ become full and permanent legal members of another family. Also while maintaining genetic connections to their birth family. Open adoption is when birthmothers or birthparents have adoptive families have an interaction with one another including the adopted child. The interaction of the adoptive child with
Premium Abortion Pregnancy Fetus
person to be an adopted parent. However‚ many states have enacted laws limiting and in some cases prohibiting‚ lesbian and gay men from adopting. Adoption of children by lesbian and gay men remains controversial. A court must first find that the best interest of the child will be served by the adoption. Some courts have strongly rejected the notion that adoption by a lesbian or gay parent could ever be in the best interest of a child. This applies to same sex unions as well. Yet the United States has
Premium Homosexuality Sexual orientation
Business (UKM-GSB-LHDN) Cost Classification: Government Agency PROBLEM 2-56 The Department of Natural Resources is responsible for maintaining the state’s parks and forest lands‚ stocking the lakes and rivers with fish‚ and generally overseeing the protection of the environment. Several cost incurred by the agency are listed below. For each cost‚ indicate which of the following classifications best describe the cost. More than one classification may apply to the same cost item. The Answers
Premium Costs Variable cost Marginal cost
Topic: Why you should put children you can’t take care of up for adoption My Thesis Statement: People who feel they can not take care of their child should put them up for adoption‚ because they should help get the child get a family that can care for them‚ and to help children have a good and safe life‚ and lastly to fill up a child’s love tank so that they don’t feel alone and “different.” Introduction: Reason 1: To help a child get a good family that can care for them Supporting Detail:From
Premium Childhood Family Developmental psychology
Illegal Adoptions Illegal adoption is a topic that is rarely touched in today’s society. Illegal adoption‚ also known as baby trafficking‚ is now a lucrative business in certain Latin American‚ European and Asian countries. When adoption is the root of a conversation‚ people seldom mention or ask about what the legal process was to obtain the child. They ask about the sex and where in the world the baby is coming from. But‚ one would rarely ask if they had to pay for the baby‚ or if the biological
Premium Adoption Pregnancy Childbirth