Andreas Is a Political Consultant with His Own Firm

question 24

Multiple Choice

Andreas is a political consultant with his own firm.He travels the country and provides campaign advice for political candidates.Last year,he earned $250,000 in revenue for his services.He pays one employee $50,000 to manage the small office back home and pays $30,000 on rent and utilities for that office.His accountant tells him that if he sold all of the equipment,he could put that money in the bank and earn $3,000 in interest next year.Andreas also has received an offer to teach political science at a college at a salary of $100,000.Andreas's accounting profit is equal to _____,and his economic profit is equal to _____.

• A)$175,000;$67,000
• B)$170,000;$67,000
• C)$200,000;$72,000
• D)$170,000;$70,000

Recognize the infeasibility of solutions and understand unbounded problems in the context of linear programming.

Understand the significance of constraint satisfaction in formulating linear programming problems.

Recognize the application and impact of linear programming across various fields and scenarios.

Understand the concept of accounting and cash break-even points.

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Definitions:

Healthcare

The organized provision of medical care to individuals or a community, including preventive, curative, and palliative services.

Ross's

Refers to W.D. Ross's ethical theory, which emphasizes prima facie duties such as fidelity, reparation, and justice as a basis for moral obligations.

Rawls's

Pertaining to the ideas or theories of John Rawls, a philosopher known for his work on justice and political liberalism.

Nussbaum's

Pertains to the philosophical ideas of Martha Nussbaum, especially her work on capabilities and human development.