1.5) You use RM50,000 of your own money to start an espresso stand. During the first year you earn a 10% return on that investment. If the current interest rate on savings is 8%, you earn an economic profit of Working Calculation:
Q: In 2020, the annual wage "ceiling for workers aged 62-64 was $18,240 How large of a monthly Social…
A: The annual wage ceiling for workers who belong to the age group of 62-64 is $18,240. The maximum…
Q: Savion is restoring a car and has already spent $4, 000 on the restoration. He expects to be able to…
A: Sunk cost = $4000.$4000 is a sunk cost because Savion has already spent $4000 on the restoration and…
Q: Use the following table to ccalculate TFC - keep your calculation for follow up questions: Total…
A: Fixed cost is the cost that is not affected by the level of production of a firm; it is a cost that…
Q: lacing an order is $30. The cost of holding one unit of inventory for one year is $15.00. Currently,…
A: Economic order quantity Refers to the calculation companies perform that represents their ideal…
Q: 1. Costs Raphael lives in New York City and runs a business that sells pianos. In an average year,…
A: Explicit Costs are the monetary payments that are made to meet business expenditure. Implicit Cost…
Q: Consider the following IS-LM model: C = 201 +0.48YD /= 140+0.18Y-1,187/ G = 306 T = 245 i = 0.06 The…
A: IS-LM model is used to determine equilibrium GDP and equilibrium interest rate.
Q: City Beautiful Brewer is a beer maker in Orlando that produces and sells four varieties of beer.…
A: Total revenue refers to the revenue from sales at different levels of output.Average cost refers to…
Q: Definition of economic costs Edison lives in Detroit and runs a business that sells guitars. In an…
A: Revenue is the receipts that Edison receives from selling their guitars. Cost is the expenditure…
Q: DQ Saved He Check my work mode : This shows what is correct or incorrect for the work you have…
A:
Q: For Elizabeth, one of the most exciting aspects of landing a full-time job was being able to buy a…
A: The average total cost is calculated by dividing the total cost of production by the total output.…
Q: c. What is Lorenzo's total revenue? d. What is Lorenzo's accounting profit? e. What is Lorenzo's…
A: Q 14.Individual L sells guitars (G).Sale revenue in a year = $851000Wholesale cost = $476000Wages…
Q: S InPrivate A Dashboard MindTap - Cengage Lea X a My Questions | bartleby A…
A: Equilibrium price and quantity is determined by the intersection of supply and demand curves.
Q: Use the following table to calculate MC - use previous calculations and keep your calculation for…
A: Marginal cost is the change in total cost due to the extra unit of production. MC is calculated by…
Q: We have the results from our first Facebook ad campaign. The following table summarizes the results…
A: Given that, We have the results from our first Facebook ad campaign. The following table summarizes…
Q: The following game matrix represents an interaction between the Science and Humanities faculties at…
A: In the context of game theory, a game is a mathematical model that represents a situation where…
Q: Suppose you have t = 5 hours in total to spend on some projects to make some money. The table below…
A: Marginal revenue refers to the additional revenue gained by selling 1 more unit of output .
Q: Table Cost.1.2: Amount Interest Rate Loan #1 = $40,000 2.50% Loan #2 = $45,000 4.00% Owner's Last…
A: Loans:- The term loan refers to a form of credit vehicle during which an add of cash is given to a…
Q: a) Draw Cash flow diagram for each alternative? b) Which machine is preferable on the basis of…
A:
Q: If You are the owner and only employee of a company that writes computer software that is used by…
A: Opportunity cost: - opportunity cost is a forgone benefit which we could have earned by applying all…
Q: please give me accurate calculation and dont use chatGPT otherwise give Downvote
A: Step 1:The concept revolves around a simplified balance sheet of a bank, and deals with assumptions…
Q: How do firms measure their profit? by the sum of total sales revenue by the total value of…
A: Total revenue refers to price at which the firm is selling tha output multiplied by quantity of…
Q: Suppose you manage a business that produces high-end dog food. The business produces 3,000 dog food…
A: "Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: The table below shows the annual percentage change in sales for five locations of J&J Burger. Pct.…
A: Sales in Oxnard location in 2021 is $125,864
Q: 2. Profit maximization A profit-maximizing firm will use more of a factor of production when: The…
A: Marginal revenue product (MRP) refers to the change in total revenue a firm experiences due to using…
Q: 2. You are thinking to start your food catering business by making rolled tacos, which are often…
A: In the table given FC is missing but it is given in the question i.e $300. Therefore while…
Q: A firm had sales revenue of $1 million lastyear .Its pent $600,000 on labor,$150,000 on capitaland…
A: The accounting profit refers to the profit which the firm receives after it has done for the…
Q: Regarding the question above: Now assume that the owner is thinking of adding a second location…
A: Investment is the process of putting money, time, or resources into a project, asset, or endeavor…
Q: You are thinking to start your food catering business by making rolled tacos, which are ed taquitos…
A: 1) Given, MC = Change in TC/Change in tacos 1 2 3 4 5=3+4 6 7 = 4/1 8 = 5/1 Tacos Labor FC VC…
Q: What equation shows the relationship of MC to AVC when AVC is rising?
A: Marginal Cost It refers to the change in the total cost due to one unit change in output. Variable…
Q: Skyline Furniture has a beginning inventory of 3 dining tables at a cost of $1,400 each. During the…
A: First In, First Out (FIFO) valuation method makes an assumption that the assets purchased or…
Q: Use the following table to calculate AVC - use previous calculations and keep your calculation for…
A:
Q: The following graph shows the daily demand curve for bikes in Denver. Use the green rectangle…
A: Elasticity of demand depicts how much consumer responds with the change in the price level.
Q: In November 2014, the Miami Marlins agreed to pay Giancarlo Stanton $325 million over 10 years. If…
A: As total money she has to return is $325 million which is 325,000,000 in ten years.Therefore, each…
Q: Suppose the following information on Nominal GDP and Average Prices. Use 2011 as your base year.…
A: Meaning of Gross Domestic Product (GDP): The term gross domestic product refers to the situation…
Q: Use the accompanying graph to answer the following questions. Assume the company makes 83,000 parts…
A:
Q: You own an apartment building with 25 rental units renting at current market rate for $2500 a month…
A: Total revenue = price*quantity
Q: Which of the folowing terms shows a fim's revenues, costs, and protit over a period of time? OA The…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: Chelsea Menken, of Providence, Rhode Island, recently graduated with a degree in food science and…
A: a. Debt Payments-to-Disposable Income Ratio: b. Debt-to-Income Ratio:Let's calculate these ratios…
Q: You run a business selling used hand tools. The rent on your building is $1400/month. Utilities…
A: The average selling price (ASP) is a term that refers to the average price a good or service is sold…
Q: Write the answers to the following questions on the answer sheet. (You must show your work.) 1. List…
A: The correct answer is given in the second step.
Q: Instructions: Enter your responses as a percentage rounded to the nearest whole number. What was the…
A: Introduction In the above diagram consumption and investment, spending has given from 2000 - 08.…
Q: Gomez runs a small pottery firm. He hires one helper at $12,000 per year, pays annual rent $5,000…
A: Economic profits refer to the profit earned by a producer after all the deductions of costs. There…
Q: Howard Bowen is a large-scale cotton farmer. The land and machinery he owns has a current market…
A: Accounting Cost vs. Opportunity Cost:Accountants keep trace of out-of-pocket costs, also known as…
Q: Ike's Bikes is a major manufacturer of bicycles. Currently, the company produces bikes using only…
A: Diseconomies of scale is when the the increase in production leads to increase in average total…
Q: Katherine D’Ann is planning to finance her college education by selling programs at the football…
A: A breakeven point is utilized in multiple areas of business and finance. In implies the production…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Suppose you have t = 5 hours in total to spend on some projects to make some money. The table below shows how many dollars you can make (Total Revenue) in each of the three projects I, II, III if you spend the corresponding number of hours on that project: How would you allocate your time across the projects?What is the maximum total money you could make?The 8th graders are volunteering to make and sell organic pesticides, called Sweet4Bees, that will protect plants in local gardens without harming bees. The teens also plan to donate some of their product to local nursing homes to use in their gardens. Jade is so excited! She's already started a business log in her notebook, including a graph with a break-even point of 34 bottles sold. Suppose all Jade's notes become true. What is the club's overall profit per ounce of pesticide solution, when 26 bottles have been donated to the nursing homes? Round to the nearest cent. Sweet4Bees Business Log Sweet4Bees! Production Expenses: $1.45 (empty bottle), $0.05 (label), cost of ingredients (not sure right now, I'll call it $m) Taxes & Fees: none! Sales Selling Cost: $9.72/bottle Start-Up Expenses: $65.88 Expenses (high-speed mixer), $55 (pans), $26 (kitchenware) • Each bottle holds 12 oz of pesticide concentrate.* Directions for preparing solution: Mix 7 parts water to 1 part Sweet4Bees…You are the CEO of a company. You have an opportunity to undertake the following project: pay $1,000 today and receive $1,300 a year from now. If the interest rate is 30%, the net gain of the project (cost minus benefit) is: A) $440. B) $200. C) $166. D) $0.
- I asked this question it was not answered and I was charged please issue me a refund and answer this question. Dina is working for a consulting firm making $60,000 per year but considers starting her own consulting company. Dina has determined that to launch the business, she needs to invest $100,000 of her own funds. The annual cost of running the business will include $70,000 for the rent of the office space, $210,000 for employee wages, and $5,000 for materials and utilities. Dina plans to manage the business, which means that she will have to quit her current job. Suppose that the interest rate (or rate of return) on investments in the economy is 6%. Dina's total implicit cost per year is . Dina's total cost per year is .Q. The MidNight Hour, a local nightclub, earned $100,000 in accounting profit last year. This year the owner, who had invested $1 million in the club, decided to close the club. What can you say about economic profit (and the rate of return) in the nightclub business?A fruit stand owner rents a stall at the market for $255$255. Each month, the owner spends $295$295 for an accountant’s services and $695$695 on fresh fruit. The fruit stand sells 135135 kilograms of fruit monthly at a price of $8$8 per kilogram. Step 1 of 2: Calculate the fruit stand’s profit or loss. Write the exact answer; do not round. Use a minus sign to show losses if necessary.
- Question 20 of 20 Reggie owns and operates a cheese shop in the village of Somerset. Although Reggie has a degree in mechanical engineering and could easily go to work for his brother's company earning $76000 a year, his true passion is for cheese. Consider the list of Reggie's revenue and expenses from last year. Please use the information provided to answer the questions. Revenue from 2010 $90000 Rent $18000 Equipment $6000 Supplies $3000 What is Reggie's accounting profit? What is Reggie's economic profit? -$13000 $63000 $3000 O -$13000 -$63000 $3000 $63000 -$63000The total profit from the sale of q sweatshirts is: P(q) = 5q – 0.005q2 – 450. a. Calculate the additional profit earned when 450 sweatshirts are sold. ________ b. Calculate the additional profit earned when 750 sweatshirts are sold.Mary's job position is being transferred to Lexington Kentucky from Orlando Florida. She and her husband George are currently running their home in Orlando but they have decided they want to purchase a home in Lexington. Mary's annual salary is $48,500. George has been able to find employment in Lexington at a factory making $39,000 per year. Mary is a planner and has saved $6,200 that she can use towards the down payment on the new house. To save the down payment Mary deposited in a savings account monthly earning 2.5 compounded monthly. If it took Mary 5 years to save up the down payment how much money was mary depositing each month
- C-town brewery brews two beers: Expansion Draft and Burning River. Expansion draft sells for $14 per barrel while Burning River sells for $10 per barrel. Producing a barrel of Expansion Draft takes 5 pounds of corn and 8 pounds of hops. Producing a barrel of Burning River requires 2 pounds of corn, 8 pounds of rice, and 7 pounds of hops. The brewery has 770 pounds of corn, 490 pounds of rice, and 320 pounds of hops. Assuming a linear relationship, use the Excel Solver to determine the optimal mix of Expansion Draft and Burning River that maximizes C - town's revenue. Decision for expansion draft Decision for burning river Total sales Resources Used Corn Rice HopsHomework (Ch 08) * MindTap - Cengage Leaming e.com/static/nb/ui/evo/index.html?deploymentld=58830023220612202193347127562&elSBN=9781337622349&id%3D908491119&snapshotld=1937530& 3 CENGAGE MINDTAP Q Search this Homework (Ch 08) 8. Short-run and long-run effects of a shift in demand Suppose that the perfectly competitive tuna industry is in long-run equilibrium at a price of $3 per can of tuna and a quantity of 600 million cans per year. Suppose the Surgeon General issues a report saying that eating tuna is bad for your health. The Surgeon General's report will cause consumers to demand tuna at every price. In the short run, firms will respond by Shift the supply curve, the demand curve, or both on the following diagram to illustrate these short-run effects of the Surgeon General's announcement. Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back to its original position, just drag it a…3 Explain how economies of scale can be a barrier to entry. Your initial post should be 3-4 paragraphs in length. Make sure to demonstrate critical thinking and analysis by using research. For full credit, include one journal article to support your pos t.t.