Subject: MicroeconomicsTopic: The theory of firm production and cost Q1. Josh, an entrepreneur, has disposed the following products:a. 2 boxes of canned goods @ 3,890/boxb.3 boxes of juices @2,480/boxHowever, she incurred the total value as inputs 4,875.. Compute for the TR:_. Compute for the TC:_. How much did Josh earn as PROFIT? Q2 Michelle is in shoe industry. She has 10 regular employees and 3seasonal/hourly employees, working three days a week. Each regularemployee is paid 12k/mo., while seasonal/hourly employee is @50/hr. four hours per day.She is paying a rent for the place at 25k; insurance at 100k, andtaxes at 150k.a) Compute for the total Fixed costs and the total variable cost.b) How much all in all is the Total Costs?

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21. Josh, an entrepreneur, has disposed the following products: a. 2 boxes of canned goods @ 3,890/box b.3 boxes of juices @2,480/box However, she incurred the total value as inputs 4,875. . Compute for the TR:_ Compute for the TC: How much did Josh earn as PROFIT?

21. Josh, an entrepreneur, has disposed the following products: a. 2 boxes of canned goods @ 3,890/box b.3 boxes of juices @2,480/box However, she incurred the total value as inputs 4,875. . Compute for the TR:_ Compute for the TC: How much did Josh earn as PROFIT?

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

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Question

Subject: Microeconomics Topic: The theory of firm production and cost

Q1. Josh, an entrepreneur, has disposed the following products:
a. 2 boxes of canned goods @ 3,890/box
b.3 boxes of juices @2,480/box
However, she incurred the total value as inputs 4,875.
. Compute for the TR:_
. Compute for the TC:_
. How much did Josh earn as PROFIT?

Q2 Michelle is in shoe industry. She has 10 regular employees and 3
seasonal/hourly employees, working three days a week. Each regular
employee is paid 12k/mo., while seasonal/hourly employee is @
50/hr. four hours per day.
She is paying a rent for the place at 25k; insurance at 100k, and
taxes at 150k.
a) Compute for the total Fixed costs and the total variable cost.
b) How much all in all is the Total Costs?

Study of decisions made by households and business firms at an individual level. It includes several laws and theorems related to demand, supply, production, allocation of resources, and prices.

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