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White raven [17]
3 years ago
6

An airline has a marginal cost per passenger of $20 on a route from Detroit to New Orleans. At the same time, the typical fare c

harged is $400. The planes that fly the route are usually full, yet the airline claims it loses money on the route. This loss may occur because Choose one: A. economic profits are less than accounting profits. B. total costs are higher than the sum of fixed costs and variable costs.
Business
1 answer:
Len [333]3 years ago
8 0

Answer:

A

Explanation:

Accounting profit= total revenue - explicit cost

Total revenue =price x quantity sold  

Explicit cost includes the amount expended in running the business.

They include rent , salary and cost of raw materials

Economic profit = accounting profit - implicit cost

Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives

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Answer:

d. $5.40 per direct labor-hour

Explanation:

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= [$ 160,000 + ( $3.40 per direct labor- hour * 80,000 direct labor-hours)] / 80,000 direct labor Hour

= [$ 160,000 + $ 272,000 ] /80,000 direct labor Hour

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7 0
2 years ago
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Tanzania [10]

Answer:

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2 years ago
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3 years ago
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