A sandwich shop owner has the following information: P = MR = $4, ATC = $2, AVC = $1, MC = 4, and Q = 500. From this, she can determine:   a.  she has earned economic profits of $1,500.     b.  she has earned economic profits of $1,000.     c.  she has earned zero economic profits.     d.  her profits are not being maximized.

You own a company that produces widgets. You currently produce 100 widgets; each widget sells for $100 and costs $80 to produce. You are considering increasing your company's production by one unit, upping the total to 101 widgets. At this level of production, total revenue will increase to $10,100, and total costs will increase to $8,120. Based on the given information, and considering you are a good entrepreneur and economist who wants to maximize profit, you should... A. Sell less than 100 units B. Not produce unit 101 C. Produce unit 101 D. Produce 150 units

Profuts are maximized at the unit of output table[[Q, P, TC, TR, MR, MC , Profit], [0, $5, $9, , , , ],[1, $5, $10,,,, ], [2, $5, $12,,,, ], [3, $5, $15,,,, ], [4, $5, $ 19,,,, ], [5, S5, $24, , , , ], [6, $5, $30,,,, ], [7, $5, $45,,,,]] 2nd 5th 3rd 7th

Question 8 page 28 Janet spends $20,000 per year on painting supplies and storage space. She recently received two job offers from a famous marketing firm- one offer were for $100,000 per year, and the other was for $90,000. However, she turned both jobs down to continue a painting career. If Janet sells 25 paintings per year at a price of $8,000 each: a. What are her accounting profits? Show your steps leading to your answer b. What are her economic profits? Show your work!

1. How does fixed cost affect marginal cost? Why is this relationship important? 2. Is it possible for total utility to increase while marginal utility diminishes? Explain. 3. Define economies of scale and explain why they might arise. Define disecononies of scale and explain why they might arise.

In at least two paragraphs, tell the class what you've learned in Business 101  and how this will make you a better professional.   Business 101 includes; basic and concept of business such as revenue,profit. basic and concepts of economic and business evironment. Basic marketing Business Planning Thanks.