Suppose a Firm Has an Annual Budget of $200,000 in Wages

question 61

Multiple Choice

Suppose a firm has an annual budget of $200,000 in wages and salaries,$75,000 in materials,$30,000 in new equipment,$20,000 in rented property,and $35,000 in interest costs on capital.The owner/manager does not choose to pay himself,but he could receive income of $90,000 by working elsewhere.The firm earns revenues of $360,000 per year.What are the annual explicit costs for the firm described above?

• A)$450,000.
• B)$160,000.
• C)$90,000.
• D)$360,000.

Explain the concepts of net worth and how it relates to social class.

Identify health risks associated with different socioeconomic statuses.

Understand the basic principles of urine and hair toxicology testing, including detection times and limitations.

Identify factors contributing to treatment noncompliance and relapse in substance use disorder treatment.

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Definitions:

Osteoporosis

A disease characterized by decreased bone density and increased risk of fractures.

Calcium

A chemical element symbolized by Ca, it is essential for living organisms, particularly in cell physiology and bone formation.

Keratin

A horny, water-insoluble protein found in the epidermis of vertebrates and in nails, feathers, hair, and horns.

UV Radiation

Ultraviolet radiation, a type of energy emitted by the sun that can cause skin damage and cancer in living organisms.