1) Why did you make the choices you did? What are the costs and benefits of these choices? 2) What will you need to do to ensure that you carry out this plan to fidelity? 3) What potential pitfalls do you need to avoid? 4) What obstacles, personal and systemic, might you face trying to implement your plan?

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A: Since there are multiple questions, only the first question will be answered here. If you want…

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A: Total cost is the cost that includes fixed cost as well as variable cost in the production process.

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A: here we can find the answer of given question by following method given below;

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A: Accounting Profit = Total Revenue - Explicit cost = 90000 -15000 -1500 - 22000 -4600 = 46900

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A: Willingness to pay (WTP) shows the maximum price that the buyer or consumer is ready to pay to get…

Q: How can the future worth be calculated?

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A: If you own a car and are concerned aboutt the medical bills in case of an accident and you have a…

Q: After graduation, you face a choice. You can work for a multinational consulting firm and earn a…

A: Explicit costs are the expenditures incurred by an individual or a business out of its own pockets.…

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A: The consumer surplus is when a consumer is willing to pay less than its product price. It is based…

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A: In economics, there is a basic assumption that consumers are rational in their decision making. This…

Q: After graduation, you face a choice. You can work for a multinational consulting firm and earn a…

A: Write the formula to calculate accounting profit as follows: Accounting profit = revenue - explicit…

Q: After graduation, you face a choice. You can work for a multinational consulting firm and earn a…

A: Accounting profit is the difference between the total revenues and the explicit costs. The explicit…

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A: A few huge monetary issues that have been broadly examined and considered significant…