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katrin2010 [14]
2 years ago
6

Suppose that a business incurred implicit costs of $500,000 and explicit costs of $5 million in a specific year. If the firm sol

d 100,000 units of its output at $50 per unit, its accounting:a. profits were $100,000 and its economic profits were zero. b. losses were $500,000 and its economic losses were zero. c. profits were $500,000 and its economic profits were $1 million. d. profits were zero and its economic losses were $500,000.
Business
1 answer:
aliina [53]2 years ago
5 0

Answer:

d. profits were zero and its economic losses were $500,000.

Explanation:

Accounting profit = Revenue - explicit cost

Revenue = price × quantity sold

$50 × 100,000 = $5,000,000

Accounting profit = $5,000,000 - $5,000,000 = $0

Economic profit = Accounting profit - Explicit cost

Explicit cost is the opportunity cost of this production activity.

Economic profit = $0 - $500,000 = $-500,000

This is a loss

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Answer:

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VI. Here we consider the paradox of saving one last time in the context of the AS-AD model. Suppose the economy begins with outp
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Answer:

The solution to this question can be defined as follows:

Explanation:

In point a:

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In point b:

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Please find the graph file in the attachment.

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Public opinion suggests that overall, americans' commitment to the country and its core institutions is
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Shocker Corporation's sales budget shows quarterly sales for the next year as follows: Unit sales Quarter 1 15,400 units Quarter
adelina 88 [10]

Answer:

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Q2

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