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- 18. Which would be an implicit cost for a firm? The cost of: A. Property insuranceB. Property tax C. Raw materialsD. Wages foregone by the owner of the firm11th - Which of the following costs does not include wages? a) Constant B) mean variable C) Variable D) Marginal costs TO) Total costs5. El Sol Inc. produces beach towels. The cost of each towel is $ 4.00 and it sells for $ 10.00 after the markup on its cost. Similar towels sell for $ 8.00. How much should each towel cost you to be able to adjust to the market price and keep your profit margin?
- 5. The break-even point occurs when the sales amounted to (123 * 103) dinars. While in normal cases it is (189 * 10) dinars. The cost of the factory was (502 * 103) dinars, which is destroyed over a period of (15) years, by way of a paradoxical equilibrium. Another product was added with a value of (205 ** 10) dinars to be recovered over 5 years. The ratio of profit to volume will increase by (7.3%) annually, while income from sales will increase by (18%). What profit will the company achieve as a result of adding the new product?Barbara's annual revenues are $234,000. She pays herself $109,000 as a salary and pays her helper a market rate salary of $30,000. Materials, insurance, etc. costs her $34,000 a year and she pays the market price for them. She has two job offers should she decide to sell her store. The first pays her $79,000 and the second would pay her $62,000. All salaries are annual salaries. Then, what are her economic profits as a store owner?Question 2 2a(I) A snowboard company currently hires 10 skilled employees who are paid a weekly wage of $1000. The cost of capital is $3000 and it is fixed, which mean that it does not vary with output. The company is currently producing 240 snowboards. The company’s cost will be $13,500 if it produces ab additional snowboard. A customer is willing to pay $500 for the 241st snowboard . Should the company produce and sell it? Yes/No Explain
- Please ASAP. Thank you. QUESTION Economics is the discipline that deals with the consequences of resource scarcity.TrueFalse Owners of for-profit hospitals expect a return on their investments. These expenses and profits are included in various fees, these fees are called? A. Risk shifting B. Premiums C. Profits D. Average losses3. What is the reason of low barrel price of crude oil? 4. What is the role of Petroelum Engineer in Oil & Gas Industry? Note: write with type writtenGraph the ATC and MC below and explain output ATC MC 0 - 10 10 18 2 20 10 1 30 7 0.5 40 5.375 1.5 50 4.6 2 60 4.166667 2.5 70 3.928571 3.3 80 3.85 3.2 90 3.777778 5 100 3.9 9 110 4.363636 10 120 4.833333
- Assume you own and manage a manufacturing firm where total revenue is $50 000 and inputs of : raw materials - $20 000 Labour - $8 000 Rent - $10 000 Interest - $5 000 Calculate: i) accounting profit ii) if your other employment opportunity is to earn $10 000 per month working at a software company, what will be your economic profit? Would you continue with the business and why?Q1. What is a void contract? A contract that is not legally binding. A contract that is enforceable by law. A contract that is illegal.Gloria decided to open her own business and earns $50,000 in accounting profit the first year. When deciding to open her own business, she turned down three separate job offers with annual salaries of $50,000, $60,000, and $70,000. What is Gloria's economic profit from running her own business? Question 5 options: a) -$75,000 b) -$20,000 c) $20,000 d) none of the above