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Komok [63]
1 year 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]1 year 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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3 0
2 years ago
Moe has entered into a contract with Larry. Subsequently, Moe assigns his rights in that contract to Curly. Which of the followi
bazaltina [42]

Answer:

Larry protests the assignment and demands that Moe not make the assignment.

Explanation:

An assignment is defined as the transfer of the responsibility of performing a task or contract to another person.

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Curly will now take responsibility for the execution of the contract.

Assignment is allowed if performance of the task is assured, and the other party has no grounds to object if performance will not be affected.

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4 0
3 years ago
Caruso Company's SUTA rate for next year is 2.9% because its reserve ratio falls in its state's 8% to less than 10% category [(c
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Answer:

voluntary contribution  $97150

Explanation:

data provided:

tax rate: 2.3%

reserve ratio- 8-10%

average payroll = $971,500

Assume voluntary contribution ="X "

From the information given in the question we have

\frac{X}{971500} = 10%

here we have taken max reserve ratio  i.e. 10%

"X" = 971500*0.10

       = $97150

we know that, from the question present contribution minus benefit is equal to $93,500

hence, extra contribution = 97150 - 93500 = $3650

extra contribution = $3650

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