Marginal cost can be improved by taking which of the following steps? O a. Reducing fixed costs. O b. Increasing the variable cost O c. Changing the business plan frequently O d. Investing the capital in share market

Marginal cost can be improved by taking which of the following steps? O a. Reducing fixed costs. O b. Increasing the variable cost O c. Changing the business plan frequently O d. Investing the capital in share market

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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41-Marginal cost can be improved by taking which of the following steps? O a. Reducing fixed costs. O b. Increasing the variable cost O c. Changing the business plan frequently O d. Investing the capital in share market

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Please help!
Vicky quit her $ 75, 000 a year marketing executive job to open her own firm. In Vicky's first year in business her total revenue equaled $ 180,000. Vicky's explicit cost during the year totaled $ 80,000. To start her business Vicky took $ 50,000 from her savings account that was paying an interest of 10% annually. What is her economic profit for her first year in business? A. -$26,000 B. -$ 25,000 C. $ 25,000 D. $ 24,000
Please please a answer both I will rate