Harvey develops gaming apps from home instead of working as an engineer and earning $50,000 a year. He has invested $20,000 to upgrade to the hardware that he needs and estimates his expenses at $17,000 a year. Downloads generated $130,000 in revenue during the first year. What is his accounting profit? Selected Answer: b. $37,000 Answers: a. $50,000 b. $37,000 c. $130,000 d. $43,000 e. $93,000

To earn full credit your graphs must include the following specific graphs: Find the graph for short run economic loss for the firm. Find the graph for short run economic profit for the firm. Find the graph for long run – normal profit for the firm. Make sure the graphs show the area of economic profit or loss.

Total Cost Fixed Cost Variable Cost Marginal Cost Average Fixed Cost Average Variable Cost Average Total Cost Quantity $50 $150 G 10 $50 A SO 1 C $120 K $120 R. What is the value of B? $50 $25 S100 $200

The total amount spend on production of 500 machines are $100 billions. The selling price of machine is $ 25. Calculate the total revenue of the firm.

Number of Consumers Who Try the Product Number of Repeat Customers 10 million 10 million Product Energy bar A Energy bar B In the table above, the profit from repeat customers will equal the cost of the advertisement if there are Profit per Repeat Customer 5 million 1 million $6 6 Profit from Repeat Customers $30 million 6 million Cost of Advertisement $10 million 10 million million repeat customers. (Enter your response rounded to two decimal places.)

Break even point analysis 1. A manufacturing business that is involved in manufacturing and selling a single product. The annual fixed expenses to run the business are $15000 and variable expenses are $7.50 per unit. The sale price of your product is $15 per unit. A. Formulate the total revenue, total cost, and profit B. Find the break-even point quantity and revenue. C. Find the number of units to sell if the estimated profit is $50,000 D. Find the total profit if the total units sold is 5000 units. E. Find the units to sell to break-even the fixed expenses. 2. It costs a publishing company 50,000 dollars to make books. The 50,000 is a fixed cost or cost that cannot change. To help the publishing company sell the books, how many books should they sell to break even? 3. A manufacturing company supplies its products to construction job sites. The average monthly fixed cost pee site is $4,500, while each unit cost $35 to produce and selling price is $50 per unit.Determine the…

If average cost is incresing as output expands, a marginal cost equals average cost b marginal cost exceeds average cost c marginal cost is less than average cost  d not enough information

How do you calculate a firm's total cost and total revenue?

2

O all of the above A good idea when delaing with a company you've never heard of before would be to * O study its advertising or other marketing materials carefully expect that it will confirm to teh same standards of reliability as companies you do know O recognize that new companies come along all the time check it's reputation through family, friends, or agencies such as Better Business Bureau A wise plan for budgeting your money is to * 1pc avoid writing a budget down because it will change O allow no money for entertainment or recreation O plan to save a given percentage of your income first buy things that you want first so that you can afford them