mark is a web developer making $75,000 a year working for a company called the Man....
Homework Answers
Economic profit = Revenue - Explicit cost - Opportunity cost
Economic profit = 60,000 - 0 - 75,000
Economic profit = -15,000
Thus, Mark has economic loss of $15,000
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mark is a web developer making $75,000 a year working for a
company called the Man....
Which best represents the equation for profits? o Total Revenue - Average cost o Total Revenue...
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4 questions MICROECONOMICS ECONOMIC VS. ACCOUNTING PROFITS - HOMEWORK BSE 2212 2) Chapter 9 #1. Gomez...
4
questions
MICROECONOMICS ECONOMIC VS. ACCOUNTING PROFITS - HOMEWORK BSE 2212 2) Chapter 9 #1. Gomez runs a small pottery firm. He hires one helper at $12,000 per year, pays annual rent of $5,000 for his shop, and spends $20,000 per year on materials. He has $40,000 of his own funds invested in equipment (pottery wheels, kilns, and so forth) that could earn him $4,000 per year if has been offered $15,000 per year to work as a potter for...
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2. Calculating costs Yvette is working for an advertising firm making $50,000 per year but considers starting her own advertising company. Yvette has determined that to launch the business, she needs to invest $80,000 of her own funds. The annual cost of running the business will include $75,000 for the rent of the office space, $190,000 for employee wages, and $6,000 for materials and utilities. Yvette plans to manage the business, which means that she will have to quit her...
4
questions
MICROECONOMICS ECONOMIC VS. ACCOUNTING PROFITS - HOMEWORK BSE 2212 2) Chapter 9 #1. Gomez runs a small pottery firm. He hires one helper at $12,000 per year, pays annual rent of $5,000 for his shop, and spends $20,000 per year on materials. He has $40,000 of his own funds invested in equipment (pottery wheels, kilns, and so forth) that could earn him $4,000 per year if has been offered $15,000 per year to work as a potter for...
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