Under which of the folowing examples is t likaly that the accounting profit is positive and the economic profit is negative?OA Using a restaurant you purchased to sell Menican food instead of talian food.OR It you use a diamond mine as a touriet atraction instead of using it for mining.Oc Opering a bank branch near a university campus.OD. Such a scenario, where accounting cost is positive and economic profit is negafive, is not possibie.

Economics is a branch of social science that describes and analyzes the behaviors and decisions…

inder which of the folowing aamples iskaly that the accounting profit is postive and the economic proft is negative? OA Using astant you purchased to sel Meican food inatead of aian food. OR Fyou ue damond mine auat on intead of using tor mining Oc Opening a bark branch near auniversity campua O. Such a scenario, where accounting cost is postive and economic proft negtive, is not possbie

inder which of the folowing aamples iskaly that the accounting profit is postive and the economic proft is negative? OA Using astant you purchased to sel Meican food inatead of aian food. OR Fyou ue damond mine auat on intead of using tor mining Oc Opening a bark branch near auniversity campua O. Such a scenario, where accounting cost is postive and economic proft negtive, is not possbie

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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. XY Pharmaceuticals company is a price taking firm which produces a single, liquid, drug 'painclear which it sell. at price = £300/ litre. Lach additional unit produced generates costs: the 1 litre adds £4 to costs, the second litre adas to to Tilm s costs, the third adas tlz, etc over all guantities. here are no costs it must pay when output is Zero 1. Create and explain a diagram which shows relevant costs, price, surplus going to XY, at the profit maximising position of the tirm explain how you ca culated that point). [15 % ] It is discovered that production of painclear damages groundwater quality - this affects just one party Greenview Nature Park (a park run by the local council which people can access, for free, for recreation). The value of the damage caused is £48 per litre of paint produced - so the pollution damage caused when output is 1 litre = f 48 the 2 nd litre causes another £48 of damage, so pollution damage caused when output is 2 lites = £96. This damage happens…
The total cost of Mr. Plow, a snow-removal business, is given in the table below. Quantity adriveways cleared) Abbreviation Formula: Total Revenue TR Total Cost TC $0 $25 20 30 40 50 60 70 80 34 41 46 49 51 54 60 70 95 145 10 100 What is the total profit of cleaning five driveways if the price Mr. Plow can charge is $10 per driveway? s 01/21 VIEW sOLUTION O OF 21QUESTIONS COMPLETED 28 MacBook Pro 59
3 The figure below shows the cost curves for a profit-maxmizing firm in a periecny competitive narket. If the market price is $30 and if the firm is producing outpul. the amount of its total variable cost? Price TVC and cost TO ATCHO MC ATC AVC PAL $40.50 36.00 30.00 MR 22.00 7LEE 20.00 130 180 240 Quantity O S7,200 b. $6,480 C. $5,400 d. $3,960
Kindly help solve part D to F. Thank you.
b. Calculate Theo's accounting profit
o This quertion is continuahs time.) camed with fü canting in Con patent which is able to profit otream' of T(E)= eot where E(>) denotes time, and o (0) is g jiven par ame ter. Notice that' ū CH) stante from 1 (ū Lo) =1) and slowly fecveacer to'o I Ct)=0), The jiven parameter o Suppost y ou generate Own Cim astmally the rate of decrearing since is dace)/ dt fror patent is ,certainly valmable asset. Asumina the ime tantume ond interent, rate Cou tant r Caleul ate Hae present value f your pabent.
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Kindly solve from part D - F. Thanks a lot.
Z0ON COLLEGE learning If a firm's revenues does not cover all its opportunity costs, then: of Select one: a. Normal profit is zero stion O b. Total revenues equal its explicit costs c. Total revenues equal its implicit costs O d. Economic profit is zero PREVIOUS PAGE NEXT PAGE INFO COI MAZOON COLLEGE Learntng- Home Airpo Moodle Log In 133 M S Phc About Us ype here to search
The firm will A-increase its marginal revenue B increased its profits C decrease its marginal revenue D maximize its profits