Express the relationships among revenue, cost, profit, and volume?

Q: Calculate profits given:- Total revenue = $10,000 Total cost = $7700

A: The data presented in the question above is:- Total revenue = $10,000 Total cost = $7700 Using this…

Q: financing is money raised from within the firm, from operations or through the sale of ownerhsip in…

A: Financing money raised through the sale of ownership in form of shares is known as equity. Equity…

Q: The production cost benchmarks reported on p. 6 of each issue of the Footwear Industry Report…

A: * ANSWER :-   From the above information the answer is provided below

Q: George’s T-Shirt Shop produces 5,000 custom printed T-shirts per month. George’s fixed costs are…

A: In production activity, break-even point is the point where the firm is earning zero profits. That…

Q: What is the relationship between revenue cost and profit?

A:

Q: Calculate explicit cost given:- Accounting profit = $6600 Total revenue= $10,000

A: The data presented in the question above is:- Accounting profit = $6600 Total revenue= $10,000 Using…

Q: After one month of operation, OU Café determined to shorten its business hours and close on…

A: The total costs of any firm includes fixed costs and variable costs. The fixed costs refer to those…

Q: What is the cost revenue? Explain with example?

A: Cost revenue is the total expenditure of producing and delivering a product or service to customers.…

Q: Explain the relationship between quality and costs in your own words. How does improving quality…

A: We know that The expenses that are being incurred by individuals or businesses for carrying out…

Q: 5) If the profit maximizing quantity is 50, the average revenue (AR) is $6 and the average total…

A: Answer: (5). Given, Profit maximizing quantity = 50 Average revenue (AR) = $6 Average total cost…

Q: (A) what were the fixed costs of production for the firm? (B) at what rate of output was profit…

A: A. The total fixed cost is the cost incurred by the firm when there is zero output produced. In this…

Q: The revenue for a product is R(x) = −0.004x^2 + 21x − 6200 and the cost is C(x) = 0.02x + 38, for x…

A: Profit maximization is one of the key goals of firms operating in a market. Profit is the difference…

Q: Total profit equals: A. TR-RTF. B. TR-(AVC x Q). C. AR - (AC/Q). D. AR- (TVC/Q). E. TR-(AC xQ).…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Define the term cost of revenue?

A: Revenue is defined as the amount of money or income generated by a firm for a given period of time.…

Q: Find the Total Cost, Marginal Cost, Total Revenue, Marginal Revenue, and Profit/Loss. Q TFC TVC TC…

A: TC is calculated using the formula :  TC (Total Cost) = TFC (Total Fixed Cost) + TVC (Total…

Q: How should we develop the firm’s capabilities and focus its efforts

A: In order to develop the abilities of the firm, more and more should be spend on the upgradation of…

Q: Calculate Total revenue if average revenue is $15 and output is 1000

A: The information being given is:- Average revenue = $15 Output = 1000 We have to calculate the total…

Q: conomic profit in the long run. al cost pricing

A: Answer provided below,

Q: Q10. Label and complete the following daily cost schedule for Company A as directed by the question…

A: here we calculate the total cost and average variable cost and average total cost and marginal cost…

Q: Calculate accounting profit given:- Total revenue = $3000 Explicit cost = $3000

A: Answer: Accounting profit: accounting profit refers to the difference between the total revenue and…

Q: Bette's Breakfast, a perfectly competitive eatery, sells its "Breakfast Special" (the only item on…

A: Here, The price is $5 The average variable cost is $3.95. The average fixed cost is $1.25. That…

Q: ships tions where the ownership and management are separate, as with corpon reduce such problems and…

A: Option A  is correct that is proprietorships  It means that state or right of owing a business It is…

Q: A. Define marginal revenue and marginal cost.

A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: Explain with example Operating Activities?

A: Cost of production: The cost of production refers to the amount spend or the cost of producing the…

Q: The curves show the marginal cost (MC), average variable cost (AVC), marginal revenue (MR), and…

A: The total cost incurred by a firm is the sum of fixed costs and variable costs. Fixed costs do not…

Q: List and define the steps in the new product development process and the major considerations in…

A: It is a structured process that helps in providing the initial ideas to the market . The following…

Q: Explain the law of diminishing returns and illustrate with a relevant example.

A: Law of diminishing return says that as we go in using more and more of a single good the return that…

Q: Find marginal profit when marginal revenue is $90 and marginal cost $50

A: # The formula for marginal profit:- = Marginal revenue - Marginal cost

Q: How do we measure the Profit Margin on Sales?

A: Profit margin is a type of profitability ratio that represents the percentage of sales that have…

Q: Charlie Co. sells pastries and its production and cost table is given below. A worker costs $100 a…

A: Marginal productivity of labor= change in total productivity / change in labor

Q: usiness profit is generally greater than economic profit. a. True b. False

A: According to the given question Economic profits are also known as the accounting profit which…

Q: Compare marginal revenue, marginal cost, and marginal revenue product.

A: The concepts of marginal revenue, marginal cost and the marginal revenue product are used by the…

Q: Discuss where does the shutdown being and why? What does the company has to do to get back to…

A: The answer is given below

Q: An air conditioner outlet finds that if it sells x air conditioners per month, its costs will be C…

A: All the parts have been solved below.

Q: Explain the differences between constantcost, increasing-cost, and decreasing-cost industries.

A: As the new firms enter the market, they increase the demand for production factors to produce goods…

Q: Question: P ($) TR ($) MR ($) TC АTC ($)| MC ($) ($) Y Average Total |Output Price Marginal Total…

A:

Q: What is Product Expansion?

A: Product Expansion -It is the expansion of economic activity as well as the production levels from…

Q: True/False When Total revenue is maximum then Marginal revenue is 0

A: The total quantity of goods and services sold is referred to as total revenue.  It's calculated by…

Q: A firms total profit equals?

A: The amount of money a company makes by selling its goods or services at a specific price is revenue.…

Q: year to rent the location and buy the merchandise. In addition, he would have to quit his $63000 per…

A: A economic benefit or loss isthe distinction between the income got from the offer of a yield and…

Q: How do you calculate a firm's total cost and total revenue?

A: Total cost (TC) refers to the cost of all inputs needed to produce with the given unit of output. It…

Q: Distinguish clearly between Marginal Revenue and Marginal Costs using suitable examples.

A: Marginal revenue is defined as the additional revenue after selling one more unit of output.

Q: Calculate total revenue of a firm given that:- Profit = $500 Total cost = $1100

A: Total cost (TC): - it is the sum of fixed and variable costs incurred in the production process.…

Q: Calculate accounting profit given:- Total revenue = $4500 Explicit cost = $4500

A: Given:  Total Revenue = $4500 Explicit Cost = $4500

Q: George’s T-Shirt Shop produces 5,000 custom printed T-shirts per month. George’s fixed costs are…

A: Given information-The producer initially produces 5,000 T-shirts. The fixed cost is equal to…

Form Utility

The term utility in general refers to the satisfaction earned from usage of a particular product or service. Utility always plays an important role because it influences various important elements like demand & thereby the price of the good or service as well. Though utility is not easy to measure, various types of economic models can be used indirectly. There can be various types of utilities like economic utility, marginal utility, cardinal utility, form utility.