Catriona's botique sold 100 pieces of bookmarks. Her total production cost is 5 pesos including an implicit cost of 2 pesos. Her opportunity cost of capital is 500 pesos. If the slling price of a bookmark is 10 pesos. How much is the economic profit? * O P500 O P300 O P700 O (P200) O Answer not given

Catriona's botique sold 100 pieces of bookmarks. Her total production cost is 5 pesos including an implicit cost of 2 pesos. Her opportunity cost of capital is 500 pesos. If the slling price of a bookmark is 10 pesos. How much is the economic profit? * O P500 O P300 O P700 O (P200) O Answer not given

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Number of Employees Total Production Marginal Product of Labor Marginal Revenue Product O 1 2 3 4 O Four employees O One employees O Three employees O OTwo employees 9 24 36 43 O 9 If the price of the item is $15.00 per unit and the employees cost $125 each, how many employees should the firm hire to maximize their profit? 15 12 7
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