Accounting profit is $1500 and the explicit cost is $450 Calculate the value of total revenue

Q: Given Monthly rent 25,000 Monthly Salary/employee 10,000 Market price of slippers 520 Total units…

A: Given, Monthly rent = 25,000Monthly Salary/employee = 10,000Market price of slippers = 520Total…

Q: For a juice shop the accounting profit is $780 and the explicit cost is $300 Calculate the total…

A: here we calculate the Total revenue by using the accounting profit and explicit cost so the…

Q: Rent is $600, royalty is $320, interest is $80 and the profits is $400

A: According to the above given question, the values given are as follows:- Rent = $600  Royalty = $320…

Q: The WipeOut Ski Company manufactures skis for beginners. Fixed costs are $30. Fill in Table 7.16 for…

A: Cost is the expenditure incurred by firms on the production of goods and services.

Q: A firm had sales revenue of $1 million last year. It spent $600,000 on labor, $150,000 on capital…

A: Implicit costs: Any cost previously occurred but has not been shown as distinct item is considered…

Q: The average cost is $13 and the output produced is 10 units Calculate total cost

A: The average  cost is the cost per unit of output. Total  cost is the total expenditure that keeps on…

Q: MC ATC Avc AVC B A AFC Quantity Refer to the diagram. At output level Q total variable cost is…

A: Mathematically, the average variable cost is determined by separating the absolute variable cost…

Q: Calculate Marginal cost when total cost rises from $30 to $70 and the output rises 2 to 3 units

A: We are given that the total cost has increased from $30 to $70 TC1 = $30  TC2 = $70 Output has also…

Q: computation and give illustration through diagram • Behavior of Variable and Fixed Cost • Marginal…

A: Cost is the expense incurred to any business to produce any good or services. Th cost can be broadly…

Q: In a company, amount of total fixed costs is 6000 TL Variable cost per unit is 10 TL. Selling price…

A: The number of additional units required to pay the cost of a marketing campaign or other sort of…

Q: Fill in the blanks below with the missing information.   Output quantity Total variable cost Total…

A: Here, the given table shows the information about total variable cost and total cost of the company…

Q: The value of average cost is $80, the value of average variable cost is $49 Calculate the value of…

A: We know that the total cost is given as:- TC = TFC + TVC Dividing both sides with output:- AC = AFC…

Q: Variable Average Average Average Marginal Total Total Cost Fixed Cost Profit Cost Total Cost…

A: Answer to the question is as follows:

Q: If economic profit is $5000, explicit cost is $1200, total revenue is $7000 Calculate the value of…

A: The given information is as follows:- Economic profit of the firm = $5000 Explicit costs = $1200…

Q: A hotel that produces 100 pizzas has a variable cost of OMR 50 and a fixed cost of OMR 200.…

A: The firm's costs and revenues are the important components that help the firm set its target and…

Q: Implicit cost is $200, explicit cost is $260 and total revenue is $800  Calculate the Economic…

A: The information given to us:- Implicit cost of firm = $200 million Explicit cost of firm = $260…

Q: Accounting profit = ? Total revenue = 8304 Explicit cost = 7231

A: Basically in the question, Total revenue value is = 8304 Explicit cost = 7231 Value of accounting…

Q: Minimum average costs occur when: Select an answer and submit. For keyboard navigation, use the…

A: When firms operate in a market, they incur fixed costs and variable costs. Fixed costs do not depend…

Q: Output Total Variable Marginal Variable Fixed Total (Q) Fixed Cost Cost Total Cost Cost Cost Cost…

A: Marginal cost is the additional cost incurred with an additional unit of output produced.

Q: If total revenue is $300 and output is 10 units Find average revenue

A: According to the above mentioned question, we have:- Total revenue = $300 Output = 10 units  Average…

Q: A firm's economic profit is equal to a. total revenue minus accounting profit. b. accounting profit…

A: Explicit cost is the actual monetary expenditure. Implicit cost is the opportunity cost of doing any…

Q: How would the following cost be classified? Rent that would be received if an owned building were…

A: In economics, costs are classified based on their impact on an individual such as direct cost or…

Q: If explicit costs is $300 and total revenue is $1000 Calculate the accounting profit

A: according to the above given question, we are given that;- Explicit costs = $300 Total revenue =…

Q: Price Quantity Total Revenue Fixed Cost Variable Cost Profit (Dollars per blender) (Blenders)…

A: Total revenue = PRice * quantity VC = AVC * Quantity (do confirm AVC when price is 100,here i…

Q: Calculate Total revenue given that accounting profit is $340 and the explicit cost is $600

A: The data presented in the question above is:- Accounting profit = $340 Explicit cost = $600 Total…

Q: A company manufactures and sells cell phones. They sell the phones to a wholesaler for $250 each.…

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

Q: Hightide Upholstery Company manufactures a special fabric used to upholster the seats in power…

A: According to question     Given that,               Fixed cost(TFC) = $1000 Fixed cost is the type…

Q: Calculate Accounting profit if total revenue is $23,000 and explicit cost is $16,000

A: According to the above given question, the information given is:- Total revenue = $23,000 Explicit…

Q: ABC Company issued a payment for the suppliers of raw materials they used in producing their goods.…

A: Fixed cost is the costs that needs to paid every month or year whether the production process is…

Q: A firm's accounting profit is called a normal profit when its a. average cost is minimum. b.…

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

Q: Calculate TFC if average fixed cost is $30 and output is 50

A: The information being given is:- Average fixed cost = $30 Output = 50 units  Total Fixed cost = ?

Q: _________ refers to the additional cost spent to produce one more unit of the product. a. Marginal…

A: Money cost is the nominal cost and the cost that is spent by the firm in producing the commodity.…

Q: Total cost of the firm to produce 50 Pens is 100 dollars with variable cost 25 dollars. Calculate…

A: The total cost of producing pens = $100 Variable costs of producing pens = $25

Q: Cost Curve Graphs Assignment To earn full credit your graphs must display the following: The…

A: Marginal cost refers to the additional cost of using additional factors of production to produce an…

Q: .. mated cost to construct a 30,000 square foot warehouse is $ (Round to the nearest dollar.)

A: Warehouse, Size x1 => 23000 ft2 Warehouse, Size x2 => 30000 ft2 Cost of x1 => 600,000 Cost…

Q: Which of the following statements about cost drivers in ABC systems is FALSE? 1 cost driver for a…

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

Q: Calculate the total revenue if explicit costs of the firm are $400 and the accounting profit is $850

A: Given information is :- Explicit costs = $400 Accounting profit = $850 We need to find the value of…

Q: marginal factor cost is the extra cost of producing one more unit of output. True False

A: The marginal factor cost is the extra cost of engaging extra unit of input or factor.

Q: Which of the following is considered when calculating economic profit but not accounting profit? a.…

A: Cost refers to the amount or equivalent paid or charged for something

Q: The explicit cost of the firm is $800, implicit cost is $550 and the total revenue is $3000…

A: We are given that:- Explicit costs = $800 Implicit costs = $550 And the total revenue = $3000 We…

Q: produce instructional materials for disabled children in public school districts. The owner rents…

A: Total fixed cost is independent of output produced.

Q: Average fixed cost is $22 and output is 12 units Calculate total fixed cost

A: The information being given is:- Average fixed cost = $22 Output = 12 units  We have to calculate…

Q: Quantity produced Fixed Cost 6,000 6,000 Number of workers Variable Cost 1,000 1,900 2,700 3,400 1…

A: Answer: Given that:    Number of workers  Quantity produced  Fixed Cost  Variable Cost  0  0…

Q: Variable costs are         sunk costs.        costs that change every day.        costs that change…

A: Total Cost refers to all expenses involved in producing a good or providing a service.  It has two…

Q: Question 4 Identify the category of costs (sunk, fixed, or variable) for each type of cost for a…

A: Fixed cost: Fixed cost is the cost that will remain fixed for example , rent , rate of interest etc.…

Q: Variable costs are         sunk costs.        costs that change every day.        costs that change…

A: Costs are the expenses that a firm has to incur in the production of goods and services.

Q: For firm A, the revenue generated for the month of July is $36,000 and the explicit cost is $22,000…

A: The information being given is:- Total revenue for firm = $36,000  Explicit cost = $22,000…

Q: Expenditures for office supplies, electricity, and internet connection are part of Fixed Costs

A: Cost refers to the total expenses that incur in a process of production of goods and services.

Q: You are the chief financial officer for a firm that sells digital music players. Your firm has the…

A: Average total cost (ATC) is per unit cost which is calculated by dividing the total cost (TC) by the…