Accounting profit is total revenue less by Select one: a) Implicit costs only b) Implicit and Explicit costs c) None of the answers are correct d) Oppurtunity Costs e) Explicit cost only

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A: break-even is at TR=TC TR=P*Q P=5 and Q=? TR=5Q

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Q: Accounting profit is $1500 and the explicit cost is $450 Calculate the value of total revenue

A: please find below the calculation.

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Q: If explicit costs is $300 and total revenue is $1000 Calculate the accounting profit

A: according to the above given question, we are given that;- Explicit costs = $300 Total revenue =…

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A: Computation with the help of following formula, AVC = VC/O ATC = TC/O AFC = FC/O VC = TC-FC…

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Q: Accounting profit is $1500 and the explicit cost is $450 Calculate the value of total revenue

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A: The profit is the difference between the total revenue and total cost. The profit = TR - TC.

Q: 8. It costs a car company $8000 to produce each car and fixed costs are $20, 000 per week. The…

A: Variable cost depends on quantity and fixed cost is independent of quantity. VC= 8000x FC= 20000

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