For a firm total revenue is 120000, cost of raw materials is 40000, wages of labor 18000, other expenses are 5000, Total implicit cost is 33000.What is accounting profit. Select one: O a. 68000 Ob. 24000 c. 57000 Od. 87000

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A: Let Q is the new break-even quantity.  Fixed cost increased from 60k to 75k Variable cost per unit…

Q: your) 8 300 175 100 What graph would represent the total fixed cost curve? (A) C B B Figure J (2) O…

A: Total cost is a sum of fixed cost and variable cost.

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A: Economic Order Quantity, also known as Economic Purchase Quantity, is the order quantity that…

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A: The primary goal of a firm in producing a product is to maximize revenues. Yet, the costs of…

Q: when studying the in formation related to Al- Kufa factory itis explained that selling price for one…

A: Price = 200 Variable Cost = 150 Fixed Cost = 48 million = 48000000 TC = 150Q + 48000000 TR = 200Q So…

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A: Profit is a financial term that represents the positive financial gain or benefit that an…

Q: 9 - The total cost (TC) of producing computer software diskettes (Q) is given as: TC = 200 + 5Q.…

A: The total cost of producing computer software diskettes is given as : TC = 200 + 5 Q

Q: Output Average Fixed Average Variable Average Total 1 2 3 4 56780 9 10 Cost $300 150 100 75 60 50 43…

A: A firm will not produce any additional unit of good if the cost of producing that additional unit…

Q: Metters Cabinets, Inc., needs to choose a productionmethod for its new office shelf, the Maxistand.…

A: Profits for a producer are maximized where the total cost per unit of production is least . Total…

Q: Refer to the figure. How much is t 4000 O O 0 2000

A: The fixed cost refers to cost that does not change with change in level of output. It is not…

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A: Fixed cost of production: Fixed costs are those parts of production that are independent of the…

Q: Leading mobile phone manufacturer is about to introduce a new series, initially they are launching 4…

A: : Variable cost: A variable expense is a corporate cost that adjustments with respect to creation…

Q: 1 points Seve Answr A firm produces 200 units and the total cost of production is $4o00. When they…

A: When Q1 = 200 units, TC1 = $4000 When Q2 = 220 units, TC2 = $4200 Change in Quantity = Q2 - Q1 = 220…

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A: Marginal Cost is the cost of producing additional unit of Output.  Marginal Cost = Change in Total…

Q: A cafeteria sells sandwich. The fixed costs of running the eafeteria are $1,700 a month and the…

A: The formula for break-even quantity is, Break even quantity = Fixed cost / [Price - Variable cost…

Q: Costs ($) 800 TVC 500 450 300 0 1 2 3 4 5 6 7 8 9 10 11 12 Units of output 1. Refer to the figure,…

A: Total cost has two components one is varaiable and another one is fixed.

Q: What is Penys fad mandacturing ovethead volume vanance? OA S2500 untavole OB $2325 00 tavorable OC…

A: Overhead is the ongoing expenses of the business that are not directly related to the production of…

Q: Mc Donald's sells 1500 burgers per year. The cost to place an order for raw materials is RO 40. The…

A: The economic order quantity is considered as the major analysis and tool for which the economy can…

Q: What are the fixed cost and variable cost form th ebelow list? 3000 Bottles price 25782.6 2 years…

A: In economics, there are 2 crucial costs which are: (i) fixed costs- These are the costs that remain…

Q: A firm has the following cost curves:   Q MC VC FC TC AVC ATC 0 --- 0 30 30 --- --- 112 2 22 26…

A: Fixed cost is the cost that remains same at all levels of output. Variable cost is the cost that…

Q: Hplant produces 15000 gallons per particular chemical cost 2.5millions in n 1987. when the Cast…

A: Given: Old cost=2,500,000 New cost or cost now=5,000,000 Old capacity= 15,000 gallons New…

Q: Tandem Bikes manufactures exercise bicycles built for two. It sells a cycle for $196 (custom painted…

A: Given: The selling price of the cycle: $196 Total variable cost=$77 Total fixed cost=$120,000

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A: Production capacity refers to the total amount of goods that can be produced by a firm with the…

Q: Method of full coating is taking into account  a. Only direct costs and respective contribution…

A: Costing refers to the process of calculating and determining the cost incurred in producing a…

Q: 04. In the short run, when the outpu of a firm increases, its average fixec cost: 00 (a) increases.…

A: According to the given question In simple words we can say that short run period is a period which…

Q: eglt ots wn $10.000 nd imolick cots ae $72,000, economic profit is ting profit by E

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

Q: To answer the folloning questions, use the image below, which presents cost Information for Karol's…

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

Q: (ii) Calculate total profit for this firm.

A: Total revenue is the product of price and quantity. Total cost is the cost of producing all the…

Q: Table 11-7 Quantity of Lanterns 75 80 90 100 115 117 120 B) $32 C) SILI Fixed Cost Variable Cost…

A: Marginal Cost is the cost of producing an additional unit of output. Marginal Cost is the change in…

Q: Printer quotes a price of a birr7500 for printing 1000 copies of a book and birr.15000 for printing…

A: Here, it is given that the price of 1000 copies is birr7500, while the price of 2500 copies is…

Q: At present, it is op- $504,000. Annual fi- $0.392 per unit of pr а. What is the fir b. At what volun

A: Here, Present capacity is equal to Total revenue  Profit = total revenue- total cost All parts…

Q: A steel bar manufacturer business can make 15000 bar a week. It is determined that to achieve this…

A: Cost of production refers to all expenses a company incurs when producing a good or providing a…

Q: From April 1 through October 31, Coles County Highway Department hires temporary employees to mow…

A: From April 1 through October 31, Coles County Highway Department hires temporary employees to mow…

Q: ellPeak produces shelving units. The variable cost of each shelving unit comprises of direct…

A: Variable Cost Direct Material = 30 each shelving Direct labor = 7 each shelving Packaging = 7 each…