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astraxan [27]
3 years ago
6

Linda sells 100 bottles of homemade ketchup for $10 each. The cost of the ingredients, the bottles, and the labels was $700. In

addition, it took her 20 hours to make the ketchup and to do so she took time off from a job that paid her $20 per hour. Linda's accounting profit is _____________ while her economic profit is ______________.a. $700;$400b. $300;$100c. $300 negative $100d. $1000 negative $1100
Business
1 answer:
Leto [7]3 years ago
5 0

Answer: Option C : $300; Negative $100

Linda's accounting profit = $300

Economic Profit= -$100

Explanation:

Total money generated = cost price x number of units = $100 x 10 = $1000

Profit = Total revenue generated - Cost of production = $1000 - $700 = $300

Linda's accounting profit = $300

Economic Profit = $300 - ($20 x 20hours)

Economic Profit= $300 - $400 = -$100

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Answer:

There is some information missing, and when I looked for it I found similar questions but the demand was already given and the question was about Vincent's total daily income.

Passenger                  Price                  Daily demand

Adults                          $18                        70

Children                      $10                        25

Senior citizens            $12                        55

total                                                           150

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Answer:

C

I hope it helps, sry if it doesn't!

I don't rly know how to explain it tho

Explanation:

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