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How do you calculate economic profit and what factors are considered in determining it?
Economic profit is calculated by subtracting both explicit costs (such as wages and rent) and implicit costs (such as opportunity costs) from total revenue. Factors considered in determining economic profit include production costs, revenue generated, and the value of alternative opportunities foregone.
Factors to be considered when establishing a farm?
factors to consider before estblishing a farm: - capital. - techinical know how. - land. - market. - source of inputs. - source of water . - source of power. - labour availability.
What are the example that economic factors linked to non-economic?
examples of non economic factors
What is the definition of economic forces?
Economic forces are certain factors that are considered in making decisions of a company that can either bring success or failure in their business. These elements in business are the key factors in determining the next steps and strategies that a company must implement.
What factors are generally evaluated when setting wages?
Several factors are generally considered in evaluating the market rate of a job. They include the cost of living of the area, union contracts, and broader economic conditions.
What are the economic factors to consider in establishing pineapple orchard?
factors considered in establishing pineaple orchard.
Economic factors considered in establishing a pineapple orchard?
One of the economic factors to be considered in establishing a pineapple orchard is the market for pineapples itself. If there is a great demand for pineapples, successfully growing them would be a profitable venture.
What are the economic factors to consider when setting up a pineapple orchard?
Some economic factors to consider when setting up a pineapple orchard include the startup costs, return on investment, and long term growth. Depending on their overall size, pineapple orchards can potentially cost millions of dollars up front to get off the ground.
What are the factors considered in transport planning?
Factors considered in transport planning are: economic, social, environmental, political and land use.
Is a pineapple alive?
A pineapple itself is not alive in the same way a plant is; it is the fruit of the pineapple plant (Ananas comosus). While the fruit can exhibit signs of life, such as ripening and responding to environmental factors, it is not capable of growing or reproducing on its own once it has been harvested. The plant from which the pineapple grows is alive, but the fruit is considered a mature, non-living part of that plant.
How do you calculate economic profit and what factors are considered in determining it?
Economic profit is calculated by subtracting both explicit costs (such as wages and rent) and implicit costs (such as opportunity costs) from total revenue. Factors considered in determining economic profit include production costs, revenue generated, and the value of alternative opportunities foregone.
Factors to be considered when establishing a farm?
factors to consider before estblishing a farm: - capital. - techinical know how. - land. - market. - source of inputs. - source of water . - source of power. - labour availability.
What are the factors that must be considered when establishing inventory control?
There are several factors that need to be considered. Some of these are Rate of consumption. Lead time of delivery. Reliability of source of supply. Cost of holding the inventory. Shelf life of components. Loss if one runs out of inventory.
What are the example that economic factors linked to non-economic?
examples of non economic factors
What are the important factors that you would take into consideration while establishing a profit center?
what are the important factors that you would take into consideration while establishing a profit centre?
What is the definition of economic forces?
Economic forces are certain factors that are considered in making decisions of a company that can either bring success or failure in their business. These elements in business are the key factors in determining the next steps and strategies that a company must implement.
What three factors should be considered before mining a newly found mineral deposit?
Perhaps it can't say it detailed but the three main factors are social, economic and environmental factors which should be considered before mining a newly found mineral deposit.
