Aji owns a rental space in New York and is thinking of opening a restaurant in that space. An accountant looks at the estimated out of pocket costs and expected revenues. He infor that the restaurant will make profits. But Aji's economist friend tells her that the restaurant business is not likely to be profitable. Both the accountant and the economist can be corre O True
Q: A Milton company is a clothing company, below is a table that shows the production and that costs of…
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: The data in the below table shows the production and costs of certain firm, use the table to answer…
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: What s the ourence between accounting proft and economic profe? OA Economic profit subeacts both…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: The global pandemic 2020 has promoted a race to capture the market for introducing effective vaccine…
A: Profits are maximum at such quantity where marginal revenue is equal to marginal cost
Q: The data in the below table shows the production and costs of certain firm, use the table to answer…
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: Due to he learning effect it gets harder to produce each new product. Select one: O True O False
A: The learning effect describes the process by which education increases productivity and wages. In…
Q: Imagine you're owner of domino pizza. How would to maximize store's profit ?
A:
Q: Complete the following schedule of Ms. Resa's Mango Float. Then calculate the TR and Profit given…
A: Note: Since you've asked multiple question, we will solve the first question for you. If you want…
Q: Charlie Co. sells pastries and its production and cost table is given below. A worker costs $100 a…
A: Marginal cost is the additional cost incurred in order to produce one additional unit of output.
Q: Little's Law: An electronics retailer tries to keep inventory levels low so that they can avoid…
A: Inventory refers to the stock of current assets of a company that is kept by a producer to sell them…
Q: Select one: a. Anna will advertise and earn $5000. O b. Anna will advertise and earn $6000. C. Anna…
A: The dominant strategy depicts a player's move that provides the most gratification, regardless of…
Q: Hannan's pizza shop currently produces 100 pizzas per day and sells them for a profit. She is…
A: Option a can be eliminated because the reason doesn't account for future profitability. It doesn't…
Q: Price and Cost MC ATC AVC $40 $30 $28 $20 $12 500 600 700 1000 Quantity 1. If the market price is…
A: The MC will represent the marginal cost. The ATC will represent the average total cost. The AVC…
Q: When a firm makes profit, this sends a signal to others. More competitors would enter the business,…
A: Answer: Introduction: A positive economic profit attracts more firms to the market. As a result of…
Q: profi
A: Profit maximization is the process which maybe used in short or long run which helps a firm in…
Q: L Q (units) (units) | FC ($) MPL VC AFC AVC АТС MC (workers) ($) TC ($) ($) ($) ($) (S) 1 400 2 900…
A: Fixed costs are those cost that are remain the same for all the level of output. For example, the…
Q: The accompanying table presents the expected cost and revenuedata for the Tucker Tomato Farm. The…
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: If Tom sells 600 sandwiches for $10 and has an average total cost of $5, what is his profit? a)…
A: Given : No. of sandwiches Tom sells = 600 Price of sandwich = $10 Average Total Cost = $5.
Q: What can result in firing people, exiting a business, or admitting wrong? O a. reaching breakeven…
A: Employees are fired for a variety of reasons.It includes poor work performance or unethical…
Q: 1.2 When Acme Dynamite produces 200 units of output, its variable cost is S3,000, and its fixed cost…
A: Variable costs change based on the amount of output produced. Variable costs may include labor,…
Q: Why would a tirm be happy to cam zero economic protts? Because zero oeonomic profit means that the…
A: Accounting profit = Total revenue – total cost Economic profit = accounting profit –…
Q: According to a recent study, Canada Is one of the cheapest of which to operate a plant. major…
A: Answer- According to recent study Canada is one of the cheapest of fourteen major industrialized…
Q: Two firms producing identical products may merge due to the exitence of Multple Chelce economies of…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: Your friend decides to travel abroad to a popular destination to operate a business. He is faced…
A: Given: Total Fixed Cost: $ 2000 per month Constant Marginal Cost: $ 31
Q: Complete the following table by computing the total profit (the research lab's economic profit and…
A: Total economic profit (no recycling) = $4300 Total economic profit (recycling) = $4600 Total…
Q: Economics = e) Economic profit = (18,400 – 11,499)/0.97 = £7,114He should enter the business since…
A: The difference between the income obtained from the sale of a product and the costs of the inputs…
Q: One more question is, A profit maximizing firm faces market price of p2. What are their profits?
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: A. What is the profit maximizing combination of output ? В. what is the maximum profit?
A: The firm produces the goods and services which are sold at a particular price. The firm produces…
Q: A farmer’s fields are right next to the train tracks, where sparks from the trains set the field on…
A: According to the Coase theorem which states the economic efficiency of allocation in presence of…
Q: oduced. pany currently produces 1 million tablets and makes a profit of D00, but -f tablets could…
A: * SOLUTION :- From the given information the calculation as follows.
Q: 2. Tom quit his $65,000 a year corporate lawyer job to open up his own law practice. In Tom's first…
A: The difference between the accounting profit and the implicit cost is referred to be as the…
Q: (a) Calculate the value of marginal profit when marginal revenue is $400 and marginal cost is $700…
A: # we know that the difference between the marginal revenue and the marginal cost always gives the…
Q: Due to an increase in the price of a competitor's product, the demand for a firm's product increases…
A: Marginal cost mirrors the additional cost of assembling one extra thing. Accordingly, it…
Q: In a business where, fixed costs are very high (i.e. the production of a new Music CD, or the…
A: Marginal cost refers to the additional cost of production incurred in the process of increasing…
Q: 4. A firm's cost curves are given in the following table. TC TFC TVC AVC ATC MC Revenue Profit RO100…
A: The firms have a consideration regarding allowing sequential estimations about the profit and the…
Q: inder which of the folowing aamples iskaly that the accounting profit is postive and the economic…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: A farmer’s fields are right next to the train tracks, where sparks from the trains set the field on…
A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
Q: If competition places discipline on costs, motivating firms to innovate and find more…
A: Different market structures can be classified on the basis of the number of sellers or firms…
Q: stina's Costs and Revenue mantity Average Variable Average Total Cost (dollars) Marginal Cost…
A: In monetary hypothesis, perfect competition happens when all organizations sell indistinguishable…
Q: Andrea’s Day Spa began to offer a relaxingaromatherapy treatment. The firm asks you how muchto…
A: Given: P Q TC 25 0 130 24 10 275 23 20 435 22.5 30 610 22 40 800 21.60 50 1005 21.2…
Q: 4. Now put Weber's theory to work in deciding where to locate a new brewery. Here's the scenario:…
A: Alfred Weber have given a theory of industrial location. This theory is also called Pure Theory.…
Q: ay the managers of the dinner restaurant (previousl nentioned) decided to implement the new strategy…
A:
Q: MC ATC -AVC 12 D. AR 200 300 360 Number of Balduen High School yearboolos igure 10.5 The short-run…
A: A monopoly is a sole producer of a good in the market thus acting as a price maker whereas in a…
Q: The following graph depicts the costs incurred by a Local egg seller, Rahim. Rahim is faced with…
A: In perfectly competitive market, there are many buyers and sellers in the market. Firms produce…
Q: A farmer’s fields are right next to the train tracks, where sparks from the trains set the field on…
A: 1. (c) 2 The socially optimal level is that the outcome that causes the smallest amount harm. When 2…
Q: Sweaters sell for $19 at the crafts fair Allie knits sweaters and her marginal costs are given in…
A: Economics is the branch of social science that studies the production, distribution, and consumption…
Q: O Consi der Hhe following » The inverse femand function is given by p= 30-@ where Q= Eit $ Cournet…
A: In the Cournot model, businesses compete on the amount of output they will generate, which they…
Q: V See Hint Suppose that Juan sells burritos. The total cost of production, based on the number of…
A: The profit-maximizing output in the market is obtained at the point where the marginal cost of…
Q: ear, and he pays workers $150,000 in wages. In return, he produces 100,000 baskets of peaches per…
A: Accounting profit is the net income for a company, which is revenue minus expenses. Economic profit…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Marty used to be a bartender making $5,000 a year but he quit in order to become a clown that does shows at birthday parties. His clown car and costumes cost $7,000 and he did a lot of shows in the past year, making $13,000 in revenue but paying $2,000 in variable costs for balloons, gas, etc. Marty asked an accountant and an economist to calculate his profit. What did they report?Sarah is planning to start her own cake shop. The cost of making a cake is RM13 each and they are sold at RM45 each. Her estimated monthly cost includes rent (RM1,200) and utilities (RM500). a. Calculate the price markup percentage. b. Determine the break-even point for Sarah. c. How much sales revenue must Sarah make to achieve break-even point? d. If Sarah wants to achieve an annual profit of RM150,000, how many cakes must she sell each month? e. Sarah wants to provide each cake with a packaging box at extra cost of RM2.00 per unit. If she does this, determine the annual sales unit to achieve his annual profit. ,do fast two answer.
- Why would good quality second hand cars withdraw from the market? Use economic theory to discuss thisPlease answer Both the question . Definitely I will upvote .Bill runs a business that makes custom-printed towels. It will cost him $8 each to purchase and print on towels, and he will have to pay a rent of $1,700 per month for him workshop. Based on market research, Bill estimates that he can sell custom towels for $25 each. a) Calculate the number of towels he needs to sell per month to break-even. towels b) Calculate the break-even in dollars (round off to the nearest cent).
- The owner of a small pizzeria is deciding whether to increase the radius of delivery area by one mile. What considerations must be taken into account if such a decision is to increase profitability?Need instant.absuletly upvote.A bakery sells pretzels. The fixed costs come to $8,750.00 per month. It will cost 35 cents to make each pretzel, and the bakery will charge $1.50 per pretzel. The bakery must sell 7,609 pretzels in a month to break even. The bakery's owners think they may not be able to sell that many pretzels. If they raise the price to $1.75, what will be the break-even point? Hint: use the Break-even point formula.
- The profit maximizing combination of two products is found where?The following will lead to a decrease in the equilibrium price and quantity: (A) Demand decreases; supply remains constant (B) Demand remains constant; supply decreases Multiple Choice None of the choices are correct. B only Both the choices are correct. A onlyA book that sounds just perfect for me, Kate Raworth’'s Doughnut Economics available on Amazon for $28.35 for the hardback and $15.04 for paperback. From the publisher’s perspective, the difference in the cost between each version of the book seems negligible; it may cost a little bit more to produce the hard cover, but certainly not twice as much. Hardback versions usually also get published a few months before paperback versions are published. How do you explain the different prices for essentially the same product, given that the cost to the publisher of providing each type of book is basically the same? Amazon also offers the Kindle digital e-book version for $11.87. The cost to Amazon to produce a new “copy” for the next consumer is virtually nothing; just the sending of some data to the customer’s device. Why is Amazon able to charge $11.87 when its cost is basically zero and the market for books is likely very competitive?