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Komok [63]
2 years ago
12

A perfectly competitive apple farm produces 1,000 bushels of apples at a total cost of $36,000. The price of each bushel is $50.

Calculate the firm's short-run profit or loss.
Business
1 answer:
iren [92.7K]2 years ago
3 0

The firm's short run profit is $14,000.

<h3>What is the short run profit or loss?</h3>

Short run profit or loss can be determined by subtracting total revenue from total cost. Total revenue is total units sold multiplied by price per unit.

Short run profit = total revenue - total cost

Short run profit = (1000 x 50) - 36,000 = $14,000

To learn more about profit, please check: brainly.com/question/26181966

#SPJ1

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Answer: <u>$4,500</u>

Explanation:

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It has an estimated useful life of 8 years.

It will be sold for $4,000 after these 8 years so that is the salvage value.

With these figures depreciation per annum is calculated with the following formula;

Depreciation per annum = \frac{Cost of Asset - Salvage Value}{Useful life}

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Semi-annual Depreciation = 9,000/2

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3 years ago
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Answer

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4 0
3 years ago
Phoenix, a popular coffee shop chain in North America, recently opened 400 stores to cater to its rapidly increasing number of p
Arisa [49]

Answer: market penetration

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Answer:

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maxonik [38]

Answer:

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While the United States and the European Union can specialize in making planes through their respective giant companies, most other countries in the world cannot do so: they neither have the techology, nor the expertise, nor the capital to create a successful competitor for Aribus or Boeing. It is not even clear if the market needs or would support a third industry giant either.

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