Info in images Linda sells 100 bottles of homemade ketchup for $10 each. The cost of the ingredients, the bottles, and the labels was $700. Inaddition, it took her 20 hours to make the ketchup, and to do so she took time off from a job that paid her $20 per hour.Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) infront of those numbers.Linda's accounting profit is $Linda's economic profit is $ You are a newspaper publisher. You are in the middle of a one-year factory rental contract that requires you to pay $500,000 permonth, and you have contractual salary obligations of $1,250,000 per month that you can't get out of. You also have a marginalprinting cost of $0.35 per paper as well as a marginal delivery cost of $0.10 per paper.Instructions: Enter your answers rounded to two decimal places.a. If sales fall by 20 percent from 1,000,000 newspapers per month to 800,000 newspapers per month, what happens to the AFC pernewspaper?AFC per newspaper risesv from $to $b. What happens to the MC per newspaper?MC per newspaper does not changec. What happens to the minimum amount that you must charge to break even?It risesfrom $to $

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Linda sells 100 bottles of homemade ketchup for $10 each. The cost of the ingredients, the bottles, and the labels was $700. In addition, it took her 20 hours to make the ketchup, and to do so she took time off from a job that paid her $20 per hour. Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Linda's accounting profit is $ Linda's economic profit is $

Linda sells 100 bottles of homemade ketchup for $10 each. The cost of the ingredients, the bottles, and the labels was $700. In addition, it took her 20 hours to make the ketchup, and to do so she took time off from a job that paid her $20 per hour. Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Linda's accounting profit is $ Linda's economic profit is $

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Info in images

Linda sells 100 bottles of homemade ketchup for $10 each. The cost of the ingredients, the bottles, and the labels was $700. In
addition, it took her 20 hours to make the ketchup, and to do so she took time off from a job that paid her $20 per hour.
Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in
front of those numbers.
Linda's accounting profit is $
Linda's economic profit is $

You are a newspaper publisher. You are in the middle of a one-year factory rental contract that requires you to pay $500,000 per
month, and you have contractual salary obligations of $1,250,000 per month that you can't get out of. You also have a marginal
printing cost of $0.35 per paper as well as a marginal delivery cost of $0.10 per paper.
Instructions: Enter your answers rounded to two decimal places.
a. If sales fall by 20 percent from 1,000,000 newspapers per month to 800,000 newspapers per month, what happens to the AFC per
newspaper?
AFC per newspaper rises
v from $
to $
b. What happens to the MC per newspaper?
MC per newspaper does not change
c. What happens to the minimum amount that you must charge to break even?
It rises
from $
to $

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