PROFIT PERHAPS OR INCREASE IN SALES FOR THERE IS NO RIVALS ANYMORE AND HAVE TAKEN THEM OUT
Answer:
$150,000
Explanation:
Economic profit is accounting profit less implicit cost or opportunity cost.
Accounting profit = Total revenue - Total cost
Economic profit = Total revenue - Total cost - Opportunity cost
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives. The opoortunty cost of the web designer is $50,000.
Revenue is $550,000
Total cost = $250,000 + $30,000 + $70,000 = $350,000
Economic profit = 550,000 - $350,000 - $50,000 = $150,000
I hope my answer helps you
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Answer:
$1350
Explanation:
To find dead weight loss we will take into consideration the price and output level of both monopoly and perfect competition.
Dead weight loss = {(P2 - P1) * (Q1-Q2)} / 2
Where, P2 and Q2 are price and quantity respectively of monopolist and P1 and Q1 are price and quantity respectively of perfect competiton.
Dead weight loss = {(130-40) * (60-30)}/2
= (90*30)/2
= $1350
Answer:
$31,000
Explanation:
Given:
Janie holds joint account with her mother that has a balance of $562,000. They are covered up to $250,000 each under Federal Deposit Insurance Corporation.
It is assumed by FDIC that all co-owners' shares are equal.
So, Janie's share in the balance = 562,000 ÷ 2
= $281,000
Amount insured = $250,000
Uninsured amount = 281,000 - 250,000
= $31,000
Therefore, Janie's savings worth $31,000 will not be covered by deposit insurance.
