THE ANSWER TO THIS QUESTION IS JOE HAS A HIGHER ONE
Answer:
ATQ
5x+3x =40.00
7x =40.00
x= 40/7
x= 5.71
5x= 5.71×5= 28.57
3x= 5.71×3= 17 .13
Explanation:
please mark as brainliest
Answer:
B
Explanation:
In this question, we are asked to pick from the options what should serve as the point of action of the firm given the scenario painted in the question;
We proceed as follows;
ATC= 30 $
Marginal revenue(MR)= 40 $
Price(P) =50 $
For efficiency,MC=minimum ATC=30 $
MR =40 > MC=30
For profit maximization, MR =MC
So, firm should raise output ,so that MR falls and becomes equal to MC
So correct option is B.
Answer:
The correct option is B
Explanation:
In order to compute the profit, the accountant consider the Explicit cost so,
Explicit Cost = Borrowed amount × Interest rate + Ingredients amount
= $30,000 × 3% + $25,000
= $259,000
Where Revenue is $60,000
Profit = Revenue - Explicit Cost
= $60,000 - $259,000
= $34,100
Economic Profit is computed as:
Economic Profit = Total Profit - Implicit Cost
= $34,100 - $40,600
= - $6,500
where
Implicit Cost = Salary + Interest
= $40,000 + ($20,000 × 3%)
= $40,000 + $600
= $40,600
Therefore, Louis says profit is $34,100 and Greg says she lost $6,500
