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guajiro [1.7K]
3 years ago
9

g Suppose Marcia's Manioc Farm is a non-price discriminating monopolist producing manioc and is producing its profit-maximizing

level of output. Suppose further that at her current level of output, Marcia's average total cost is $1.50, her average variable cost is $1.00, and her marginal cost of producing an additional kilo of manioc is $1.40. Marcia's economic profit is _____ in the short run.
Business
1 answer:
KatRina [158]3 years ago
7 0

Answer: ambiguous

Explanation:

The profit will be calculated by subtracting the total cost from the total revenue. i.e. Profit = Total revenue - Total cost.

To know the value of the economic profit, the price is required but based on the information given in the question, the price was not given as we were given only the cost. There, in this case, the answer will be "ambiguous" as we do not have all the information required to solve the question.

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3 years ago
_____ tend to move in anticipation of the business cycle, turning up in anticipation of recovery and turning down at signs of ec
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3 years ago
Jetson Spacecraft Corp. shows the following information on its 2015 income statement: sales = $316,547; costs = $219,406; other
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Answer:

Net working capital addition was for 8,108 dollars

Explanation:

To solve for NWC we start form the accounting equation and then, we expand it to get the NWC expression:

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We need to solve fotr the change in Retained Earnings:

which is net income - dividends:

sales                                316,547

costs                              (219,406)

other expenses                 (8,481)

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interest expense             (14,216)

taxes                                 (15,217)

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NWC = -3,283 + 5,629 + 29,916 - 24,154

NWC = 8,108

8 0
3 years ago
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Identify What prevented the economy from slipping
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