On a per unit basis, economic profit can be determined as the difference between:

1 answer:

6 0

The product price and the average total cost determines the profit. If a company is charging a higher price than the per-unit cost, then they are earning a profit on that item. If they increase the price with everything else remaining constant, their profit increases. The opposite happens when they lower the price, all else held constant.

You might be interested in

You know about computer security, ethnics and privacy

Assoli18 [71]

what is the question?

5 0

4 years ago

At the beginning of the year, Sigma Company's balance sheet reported Total Assets of $195,000 and Total Liabilities of $75,000.

olchik [2.2K]

Answer:

The answer is: Equity at the end of the year will be $123,000

Explanation:

At the beginning of the year the balance sheet was as following:

assets $195,000 liabilities $75,000

equity $ 120,000

Then during the year the income statement is:

total revenues $226,000
total expenses $175,000
net income $ 51,000 (this increases assets and equity)

If the owners withdrew $48,000, then cash and equity will decrease.

The ending balance for the year:

assets $195,000 + $51,000 liabilities $75,000

-$48,000 = equity $120,000 + $51,000 - $48,000 =

$198,000 $123,000

5 0

4 years ago

PLZ HELP ASAP

-Dominant- [34]

Ksksjisndjdjdismjwkwmsjxjsjsx

8 0

3 years ago

Read 2 more answers

______ consists of a set of techniques and principles for systematically collecting, recording, analyzing, and interpreting data

Mademuasel [1]

Answer:

The correct answer is option A.

Explanation:

Marketing research refers to the set of techniques and principles for systematically collecting, recording, analyzing, and interpreting data that can aid decision-makers involved in marketing goods, services, or ideas.

It involves a number of steps such as defining the objectives and research needs, designing the research, collection of data.

Marketing research is helpful in making decisions related to marketing goods, services and ideas.

5 0

3 years ago

Symbolic interactionists believe that the social value of the elderly in america ________ when the economy shifted being agricul

tekilochka [14]

Symbolic interactionists believe that the social value of the elderly in America decreased when the economy shifted being agricultural to industrial.
This may be completely true - industrial era means more use of technology, and usually, the elderly aren't that keen on using new technology. This also means that they are less and less relevant when it comes to the social life in America which is always growing and developing.

3 0

3 years ago