a. ABC Company produces 100 pendants per day. The total fixed cost for the plant is $5000 and the total variable cost is $15000 per day. Calculate the average fixed cost, average variable cost, average total cost and total cost at the current output level. b. Calculate Economic profit and Accounting profit from the figures given below for ABC Company.  • Total revenue $ 500,000 • Wages and salaries $ 40,0000 • Forgone salary $ 80,000 • Interest paid $ 10,000 • Forgone rent $ 10,000 • Raw materials $ 50,000 • Other payments $ 20,000 • Forgone interest $ 7,000

Q: 1. The following is cost information for the Creamy Crisp Donut Company. Entreprencur's potential…

A: An economic profit is the difference between the revenue a commercial entity has received from its…

Q: An total revenues, O opportunity cost; including economic profit accounting profit; excluding…

A: In economics,  the term profit is defined as the difference between the revenue of a firm that it…

Q: Jaime owns and manages a café in Collegetown whose annual revenue is $5,000. Annual expenses are as…

A: A . $750 B. Explanation: the questions about Jaime's cafe.a. Calculate Jaime's annual accounting…

Q: BREAK-EVEN ANALYSIS The Warren Watch Company sells watches for $26, fixed costs are $155,000, and…

A: A break-even analysis is a financial calculation that weighs the costs of a new business, service or…

Q: 5. Explain what is the relationship between marginal cost and average total costs for a firm or…

A: According to economic theory, a product's cost is determined by the total monetary worth of all the…

Q: A computer company produces affordable, easy to-use home computer systems and has fixed costs of…

A: Cost is the value of goods and services.

Q: Q: A farmer plane to harvest maize on his specific land. Discuss all factors of production which he…

A: For a farmer to harvest a crop, he/she will need various factors of production which mainly consists…

Q: ABC Company produces 100 pendants per day. The total fixed cost for the plant is $5000 and the total…

A: TC= Total cost FC= fixed cost VC= variable cost ATC= average total cost AFC= Average fixed cost…

Q: Morgan took $400 000 out of their savings account to start an ice cream stand. The savings account…

A: Given:Implicit cost:=4,00,000*5%=$20,000Explicit cost=Incurred cost=$12,000Total…

Q: Find the value of Z. Quantity Total Cost Fixed Cost Variable Cost Marginal Cost $5,000 $4,000 $1,000…

A: Total cost is the sum of variable cost and fixed cost. Variable cost depends on quantity whereas…

Q: ABC is a small business producing instructional modules for disabled children in public schools. The…

A: Since you have posted a question with multiple sub-parts, we will provide the solution to only the…

Q: Assume the firm can sell its product for $14 each. TR VC AVC TC АТС MC - - - $2000 100 $1400 $600…

A: Fixed cost is the value of total cost when output is zero.  A firm maximizes profit when Price is…

Q: 4. Millie manufactures potteries which requires renting a workshop at AED 30,000 per month and…

A: Fixed Cost refer to those costs which are independent of the level of output whereas variable costs…

Q: 8.1 The fixed costs at Harley Motors are $1M annually. The main product has revenue of $9.90 per…

A: c. ‘Harley motors have annual fixed charge which is adequate to $1 million. the most…

Q: construct the cost schedule for a firm operating in the short run  b) Graph the average variable…

A: At zero level of quantity, total cost and total fixed cost are equal, and total variable cost is…

Q: Total revenue at the profit-maximizing level of output is OA $1,200 OB. $2.500 OC. $4,800. OD.…

A: The perfectly competitive market refers to a market where a large number of buyers and sellers…

Q: The table below shows the short-run production function for Michelle's Accounting Company. Number of…

A: Since you have posted a question with multiple sub parts, we will solve first three subparts for…

Q: The firm with total revenues of a 100 million explicit cost of 90 million and implicit cost of 20…

A: Accounting Profit is the difference between total revenue earned by firm and the explicit costs.…

Q: What is the marginal cost of the eighth unit based on the table? 0 1 2 3 4 5 6 100 110 115 125 140…

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

Q: A computer company produces affordable, easyto-use home computer systems and has fixed costs of…

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: ABC Company produces 100 pendants per day. The total fixed cost for the plant is $5000 and the total…

A: Economic cost: It is the mix of misfortunes of any merchandise that have a worth appended to them by…

Q: 8.1 The fixed costs at Harley Motors are $1M annually. The m revenue of $9.90 per unit and $4.50…

A: Profit is calculated by finding the difference between total revenue and total cost.

Q: Output (unit) Total Cost (RM) Price (RM) - 1 550 670 660 2 585 720 510 4 740 435 5 800 360 6 960 285…

A: Marginal cost is the additional cost incurred in order to produce an additional unit of ouptut.…

Q: Mr. Jack is in the process of expanding his manufacturing business. He decided to open a plant in…

A: Total cost is the total amount of expenditures a business incurs to produce a particular level of…

Q: 1. Consider Jones Company that has the following cost schedule. Table 8-1 OutputTotal Total fixed…

A: The cost of production conveys or states the amount of dollars that a corporate firm must incur on…

Q: b. The following are costs and revenues incurred by an ice cream company in short-run production.…

A: The markets are the place where the buyers of the goods, and services tend to interact and meet with…