Calculate the following variables for the Scenario A given below: • Explicit (Accounting) Cost, • Implicit Cost • Economic Cost • Accounting Profit • Economic Profit Scenario A An engineer decides to give up her job and start her own business. Before she quit, she had been earning a salary of $40,000 per year. She withdraws her savings of $20,000 from her bank account where it had been earning an interest of $1,000 a year. She also uses her garage which she had been renting to her neighbor for $100 a month. The numbers are as follows: Company's revenue: $95,000 Assistant's salary: $21,000 Material and Equipment: $20,000

Question 37 In this table, the average cost of producing 100 units of output is: R Output Total Cost Variable Cost 0 $5,000 $0 100 $5,700 $700 200 $6,300 $1,300 300 $7,100 $2,100 400 $8,000 $3,000 Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a $57.00 Search b $31.50 C $20 d $23.67 Question 38 4- 4+ * hp 144 C f10 114 144 f12 + + 11 7/ ins prt sc delete home num

Consider the following total cost function: where represents output and are constants. What can we conclude?     (a) The firm experiences rising average fixed costs, but falling average variable costs. (b) The firm experiences falling average fixed costs, but rising average variable costs. (c) The firm experiences falling average fixed costs and falling average variable costs. (d) The firm experiences rising average fixed costs and rising average variable costs

What is the trend in cost?

See the cost information in the table below. When this firm produces 5 units, what is the average total cost? Quantity produced/day Total Cost Variable Cost 0 $100 0 1 $175 $75 2 $200 $100 3 $250 $150 4 $280 $180 5 $360 $260 6 $400 $300

Hello,    please answer the attached question    BR,

Labor (workers) Output(units) Total fixed cost, TFC (dollars) Total variable cost, TVC (dollars) Total cost, TC (dollars) 0 0 20 0 20 1 4 20 25 45 2 9 20 50 70 3 13 20 75 95 4 16 20 100 120 5 18 20 125 145 Using the data in the above table, the average fixed cost of producing 16 units is   $1.25 a unit.   $1.54 a unit.   $2.22 a unit.   $1.11 a unit.