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?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 25RQ: In choosing a production technology, how will firms react if one input becomes relatively more...

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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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