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mash [69]
4 years ago
13

If a fishing boat owner brings 10,000 fish to market and the market price is $7 per fish, she will have $70,000 in total revenue

. If the average variable cost of 10,000 fish is $4 and the fixed cost of the boat is $20,000, what is her profit
Business
1 answer:
Alex777 [14]4 years ago
6 0

Answer:

$10,000

Explanation:

Given that

Total revenue is $70,000

Total fixed cost is $40,000

And, the total variable cost is $10,000

According to the given situation, the computation of profit is shown below:-

Profit = Total Revenue - Total Fixed cost - Total variable cost

= $70,000 - (10,000 × $4) - 10,000

= $70,000 - 40,000 - 10,000

= $10,000

Therefore for computing the profit we simply applied the above formula.

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The fact that Sam buys a franchise from Taco Loco Inc means that it is governed by all of the choices.

<h3>Which authorities govern franchise deals?</h3>

As business deals, franchise deals will fall under several levels of government but most especially the state that it occured in.

The federal level will impose the federal franchise rule, and the tenets of contract law will be abided by.

Find out more on the federal franchise law at brainly.com/question/24096652.

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2 years ago
A good is excludable if: a) Those who are unwilling or unable to pay for the good do not obtain its benefits. b) It is not possi
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Answer:

The correct answer is letter "A": Those who are unwilling or unable to pay for the good do not obtain its benefits.

Explanation:

The excludability feature of goods does not allow individuals to have access to them without having paid for them. Thus, non-excludable goods are those that no one cannot prevent its use. <em>Private goods</em> (clothing, vehicles, houses) are excludable but they are also considered rival goods since when one person uses it another individual cannot consume the goods.

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3 years ago
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Bruce was driving to work yesterday when he was nearly run off the road by a speeding furniture delivery truck. On the back of t
BabaBlast [244]

Answer: Encourage and track complaints

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Encourage and track complaints is a method of customer service some organization implemented to curb some customer service issue or likely monitor how well their product and services are or how well their workers treat their customers. This method of customer service operation helps the firm not to loose potential clients and customers already with them but still likes in the hands the clients or customer's feedback.

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You own a stock portfolio that is invested 10% in stock A, 30% in stock B, 40% in stock C, and 20% in stock D. These stocks have
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This is evident by the Supreme Court decision in 1948 during the case of Shelly v. Kramer when the court ruled that the 14th Amendment prohibits the court from enforcing race discrimination in real estate contracts.

The 14th Amendment, which was ratified on July 9, 1868, stated that all the citizens of the United States have equal protection under the law.

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