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#3
![The following is cost information for the Creamy Crisp Donut Company.
Entrepreneur's potential earnings as a salaried worker = $60,000
Annual lease on building = $30,000
Annual revenue from operations = $250,000
Payments to workers = $100,000
Utilities (electricity, water, disposal) costs = $8,000
Value of entrepreneur's talent in the next best entrepreneurial activity = $80,000
Entrepreneur's forgone interest on personal funds used to finance the business = $6,000
If, other things equal, Creamy Crisp's revenue rose to $284,000,
Multiple Choice
O
O
Its implicit costs would exceed its economic costs.
It would earn a normal profit but not an economic profit.
It would suffer an economic loss.
Its accounting profit would fall to $0.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F02b2a219-8f57-4078-b702-bc588be53c29%2Fb3f7c9f4-15d8-4536-a88c-051dc03ad5dd%2Fw0hgrnl_processed.png&w=3840&q=75)
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- The HR department is trying to fill a vacantposition for a job with a small talent pool. Validapplications arrive every week or so, and theapplicants all seem to bring different levels ofexpertise. For each applicant, the HR managergathers information by trying to verify variousclaims on resumes, but some doubt about fitalways lingers when a decision to hire or not isto be made. What are the Type I and II decision error costs? Which decision error is more likely tobe discovered by the CEO? How does this affectthe HR manager’s hiring decisions?T or F Employing economic cost/profit instead of accounting cost/profit when making business decisions tends to generate more efficient or superior economic results. Why?The following is cost Information for the Creamy Crisp Donut Company. Entrepreneur's potential earnings as a salaried worker = $40,000 Annual lease on building = $25,000 Annual revenue from operations rations= $420,000 Payments to workers= $150,000 Utilities (electricity ,water, disposal al) costs= $8,000 Value of entrepreneur's talent in the next best entrepreneurial activity = $80,000 Entrepreneur's forgone interest on personal funds used to finance the business =$6,000 Creamy Crisp's economic profit is?
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- vate X Student Portal | Main CENGAGE MINDTAP gage.com/static/nb/ui/evo/index.html?deploymentid=57962518850017814342930411958eISBN=9781337106603&id=1810088554&snapshotid=3502477& Problems: Chapters 21 and 22 The cost the upstream mill incurs for producing enough paper (one "unit" of paper) to make one unit of boxes is $12.50. X Assume the two mills operate as separate profit centers, and the paper mill sets the price of paper. It follows that the marginal profitability of boxes represents the highest price that the box division would be willing to pay the paper division for boxes.. Furthermore, assume that fixed costs are $0 for the paper mill. Price (Marginal Profitability to the Box Mill) ($) The following table summarizes the quantity, total revenue, and marginal costs from the perspective of the paper mill for selling paper to the box mill at various prices. $40 $36 $32 $28 $24 $20 $16 $12 $8 $4 ECN-601 Class Resources In the following table, fill in the marginal revenue, total…A Homework (Ch 08) * Mind Tap - Cengage Learning catic/nb/ui/evo/index.html?deploymentld=58830023220612202193347127562&elSBN=97813376223498&id=9084911198&snapshotld=1937530& Q Search CENGAGE MINDTAP lomework (Ch 08) 5. Deriving the short-run supply curve Consider the perfectly competitive market for halogen lamps. The following graph shows the marginal cost (MC), average total cost (ATC), and average variable cost (AVC) curves for a typical firm in the industry. 80 72 64 56 48 ATCA 40 32 24 16 AVC MCO 8 16 QUANTITY OF OUTPUT (Thousands of lamps) 24 32 40 48 56 64 72 80 14 5 go 19 194 ho. pll fg DII DDI delete home enc $. & * 5 7. 8. 9. num %3D backspace lock { R. V D. PER UNT (Dollars)The goal of this activity is to help you better understand how the rational decision-making process applies in a realistic workplace scenario. First, hover over each term or phrase to read the description. Then, click and drag each term or phrase into the correct place in the rational decision-making process. Measuring performance Identify the problem or opportunity Consultants. Inclusive or exclusive Generate alternative. solutions Inclusive or exclusive Consultants Collecting data Evaluate alternatives and Implement and evaluate the solution chosen. select a solution Measuring performance Collecting data Reset 4
- ew « Tips Tips 300 History BIL COO > zm W Bookmarks Profiles Tab CENGAGE MINDTAP 37,027 3 PRICE (Dollars per roll) zm | zm | engage.com/static/nb/ui/evo/index.html?deploymentid=5981412282275864594790208&elSBN=9780357133576&snapshotld-3793204&id=19835399... ☆ E 6.00 5.50 5.00 4.50 4.00 3.50 3.00 2.50 Homework (Ch 07) Suppose the market for cinnamon rolls is perfectly competitive, so sellers take the market price as given. Yakov manages a bakery that offers cinnamon rolls for sale. The following graph plots Yakov's weekly supply curve (orange line). Point A represents a point along his supply curve. The price of cinnamon rolls is $2.50 per roll, which is given by the black horizontal line. 2.00 1.50 1.00 с 0.50 0 590 0. Price Supply 2 4 R 6 Window 8 Help Yakov's Weekly Supply FEB 26 12 10 14 QUANTITY (Rolls) zm 16 Bb CI | X 18 20 22 24 tv Sall G Search or type URL 7/ ZA ☆ Mine U 19 ? 1 11 USA TODAY O + USA TODAY amazon music O Q8 |GI||GI|G |G .lt Q Search this. LU 君 Cc and d part..hand written otherwise skipengineering econ
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