A firm has $300 million in revenues and explicit costs of $200 million. If its owners have invested $150 million in the company at an opportunity cost of 10 percent a year, the firm's accounting profit is: Select one: A. $150 million. B. $50 million. C. $100 million. D. $185 million.

Q: A firm's revenue model describes how a firm will Select one: a. Produce a superior return on…

A: An revenue model is a structure for producing monetary pay. It recognizes which income source to…

Q: Baed on best buy company assessment of the present value of your organization: what it would be…

A: Strategy planning: Strategic planning is a organization process to defining its strategy on various…

Q: Output Total Cost Fixed Cost Variable Cost Marginal Cost Average Fixed Cost Average Variable Cost…

A: Marginal cost is the additional cost incurred when output is increased by one unit. It is the ratio…

Q: 41. Under what conditions does the company's profit become maximum? 1. TR>TC 2. MR > MC 3. TR=TC 4.…

A: Marginal Revenue is the change in total revenue due to production of additional unit of output.…

Q: COUNE 689 TVC 0 65 105 135 167 a. 203 244 293 55 355 432 10 527 4. Explain why the short-run MC is…

A: MC curve refers to the marginal cost curve.

Q: 9. Your business turns old wooden pallets into old-fashioned toys. Specifically, wooden building…

A: Profit= Total Revenue - Total Cost Therefore, for building blocks, the profits earned will be the…

Q: Which of the foliowing terms shows a fin's revenues, costs. and prott over a period of time? OA the…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: 5. M&S company is wishing to determine the EOQ for their company. M runs a men's clothing line.…

A: The order size that minimises the total of ordering and holding costs for raw goods or merchandise…

Q: Assume the following: • Accounting Profit = $100 • Opportunity Cost = $80 What does economic profit…

A: The accounting profit is the difference between the total revenue and explicit cost. While the…

Q: Costs in the short run versus in the long run ke's Bikes is a major manufacturer of bicycles.…

A: Given information: Ike's bikers are a major manufacturer of bicycles.  Currently, the company…

Q: A laboratory has $4.2 million in revenues and $3.85 million in costs. What is its operating margin?…

A: As it is given to us that revenue = $4.2 million cost=$3.85 million invested money =$6 million

Q: 4.6. LAUNDRY DETERGENT. The market for laundry detergent is monopolistically itive. Each firm owns…

A: A competitive market refers to a market structure in which there are many buyers/consumer and many…

Q: 5. The ABC Corporation is making an accounting profit producing and selling ghostbuster slimers.…

A: ABC corporation was making accounting profit. Ghostbuster slimers business would have faced…

Q: 13. What is innovation when it comes to companies competing? O When two companies go head to head. O…

A: A competitive market is a market with several sellers competes with each other to gain higher…

Q: usiness, they often get confused between erms, acculturation, and socialization. In th bace below,…

A: Answer given below,

Q: 14) Sophie Corporation recently produced and sold 107,000 units. Fixed costs at this level of…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: 7. If a firm's MR exceeds its MC, then: A. this firm should produce less, since its revenue will…

A: Marginal revenue is  given by the derivative of total revenue or we can say that it is ratio of…

Q: Suppose that a firm produces 100 units a month and sells them all for $5 each. The explict costs of…

A: "Explicit costs are direct expenses incurred by the business in the process of production of…

Q: A manager's operation currently has an average sale per guest of $9.00. For the upcoming accounting…

A: A revenue forecast is an knowledgeable prediction or estimation for the approaching yr approximately…

Q: Suppose you own a cupcake bakery. Your revenue is $400/day and your operating costs are $100/day. If…

A: Implicit cost is the foregone income that could have been earned if resources were invested…

Q: 16. Only one of these companies is affected by law of diminishing returns. Identify the company and…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Accounting profits are: A.) economic profit less explicit costs. B.) less than economic…

A: "There are two kinds of costs explicit costs (are out of the pocket costs for a firm) and implicit…

Q: Suppose that a firm produces 100 units a month and sells them all for $5 each. The explict costs of…

A: Here, given information is, Output produced: 100 units Selling price: $5 each Explicit cost: $200…

Q: Normal profits occur when Select one: a. total revenues are greater than explicit and implicit…

A: Normal Profit exists when the difference between a company's total revenue and combined explicit and…

Q: Discuss three negative and three positive consequences for firms operating in a market economy. More…

A: First of all, if a firm is operating a business in the market then this firm has to participate all…

Q: 6. Refer to above Scenario. According to an economist, which of the following total revenue will…

A: 6) Economic profits= Total revenue- explicit costs- implicit costs Explicit costs are the costs…

Q: Which of the folowing terms shows a fim's revenues, costs, and protit over a period of time? OA The…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Can a firm earn an economic loss and an accounting profit at the same time?

A: The measure that depicts distribution of income to owner in a profitable process of production in…

Q: Aphria Corporation listed on the Toronto Stock Exchange (TSX) is producing 1,000 units of output in…

A: It can be defined as a concept that shows the amount of expenditure and any other sacrifice such as…

Q: Ike's Bikes is a major manufacturer of bicycles. Currently, the company produces bikes using only…

A: Given information:Ike Bikes is a manufacturer of bikes, currently producing bikes in its only one…

Q: Question 1

A: The total revenue (TR) refers to the revenue of a firm through their total sales of the goods. It…

Q: Price MC Quantity 20 MR АТС $5.60 $5.20 $4.80 $5.20 $4.40 $3.60 $2.05 $2.10 $2.15 $2.20 $2.40 $2.60…

A: The functional relationship between the factors of production (inputs) and output is shown by the…

Q: Is this firm in a short-run or long-run horizon and how can you tell?

A: Factors of production are all the resources that are used in the production of the final output. For…

Q: 9 The cereal has only two listed ingredients: wheat and a preservative. The retail price is C$4.50…

A: A nation can have a comparative advantage and be efficient in production of wheat. In such cases,…

Q: Consider the following statements about economic profits and accounting profits. Select all the…

A: Profit refers to the sum of money that the producer earns as income from producing and selling a…

Q: Joe runs the Service Division for a car dealership. The overall dealership has profit of $10 million…

A: Profit can be described as the monetary gain or positive difference between the total revenue earned…

Q: A firm earning a zero economic profit in the long run has earned a competitive return or normal rate…

A: Normal Profit is just revenue minus implicit and explicit cost. This means the profit is just enough…

Q: examples for each terminology as below. ifferentiate between Accounting Profit and Economic Profit.…

A: *Answer:  Normal profits are basically earning what is required to keep you in the business. Any…

Explicit and Implicit Cost Analysis

The entire idea of the cost of production or production cost is applied corresponding or we can say that it is related to money cost. Money cost refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factors of production or factor services.