A young chef is considering opening his own sushi bar. To do so, he would have to quit his current job, which pays $30,000 a year, and take over a restaurant space that he owns and currently rents to his brother for $24,000 a year. His expenses at the sushi bar would be $50,000 for food and $2,000 for gas and electricity. What are his explicit costs? 54,000 52,000 106,000 None of the above

Q: Make a copy of your spreadsheet and double the fixed costs. How does this change your answer to…

A: The objective of the question is to understand the impact of doubling the fixed costs on various…

Q: Joe quits his computer programming​ job, where he was earning a salary of$70,000per​ year, to start…

A: Accounting cost is the cost that is seen as money out from the bank account and recorded in the…

Q: A company with two different plants manufactures guitars and banjos. Its production costs for each…

A: The cost of production of a firm involves costs of labor, raw materials, and capital. Out of the…

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: What is the cost of producing an additional car when 50 cars are being produced?

A: An opportunity cost arises when an economic agent has to choose between alternative ways of…

Q: Please examine the table below. What is the Average Total Cost (ATC) of the fourth unit? Total…

A: Total cost is the cost faced by the producer for producing the goods and services and the Average…

Q: Please see attached.

A:

Q: BridgeCo manufactures ar used struc standard size caseloads for a price of $4000. BridgeCo's fixed…

A: Price=$4000 Fixed Cost=$20,000 Variable Cost=$2000   (a) Total Revenue= Price*Quantity TR=4000*Q…

Q: Refer to the following: Output 0 50 100 150 200 Total Cost $ 300 800 1050 1650 2400 Average Variable…

A: This can be defined as a cost that shows the type of cost that an individual, business, or any other…

Q: a) What is the ATC of washing from one to six cars per hour using production method 1 and production…

A: AVERAGE TOTAL COST (ATC)In order to find the Average Total Cost(…

Q: Your friend Claire has been designing her own hoodies and giving them as gifts to friends and…

A: To determine the correct graph that represents the relationship between Claire's selling price per…

Q: Diminishing Returns Jesaki Inc estimates that it will sell N(x) units of product after spending $x…

A: Diminishing returns, also known as the law of diminishing marginal returns, is an economic principle…

Q: Economies of Scale What will happen to the cost of producing Teslas if the Shanghai gigafactory…

A: Economies of scale refer to the reduction in the average cost per unit of output that can be…

Q: Output TFC TVC TC MC ATC A 25 25 ------ ---- -- В 1 25 25 50 25 50 C 2 25 40 65 32.5 D 3 25 70 95 E…

A: Answer to the question is as follows :

Q: $90 S (MC) 70 Price Per Pair B 50 E 30 10 D (MB) 500 1,000 Pairs of Shoes 200

A: Equilibrium is occurring at price 50 with a corresponding quantity of 500 shoes.

Q: How to calculate Samsung's cost (C(Q)) of producing 1, 2,...15?

A: A firm incurs two types of costs while producing goods and services. First is the fixed cost, which…

Q: What is the fixed cost? what is the AVC quantity of 10 quantity.       Total cost  0.…

A: The total cost incurred by a firm operating in a market includes fixed costs and variable costs.…

Q: exter set up a computer repair business out of his home office. Based on the square footage of his…

A: Fixed cost for payment of mortgage expenses =$400 per month  Monthly internet bill =$45 Monthly…

Q: Most engineering students own a computer. What costs have you incurred at each stage of your…

A: Costs incurred on computer are as follows, Computer Cost = $600 Internet Cost = $100 Accessories =…

Q: Strictly No AI use

A: Step 1: Setting up the equationsGiven data:Milk from dairy I costs $2.40 per gallon and has 3.7%…