It costs a cookie firm $2 to sell a single cookie. This firm makes $4 in revenue from each cookie it sells. Assume this firm sells 20 cookies. What is its total profits?

The next 6 questions relate to the following table.  Calculate total revenue at a quantity of 5 units.  (The table gives you Quantity, Price, and Total Costs, leaving the Total Revenue and Profit for you to calculate.) Quantity Price Total Revenue Total Cost Profit 0 70   0   1 70   60   2 70   120   3 70   180   4 70   300   5 70   410   Calculate profit at an output of 4 units. What is the highest profit possible?   What is the profit maximizing level of output   What is the profit maximizing price?   Can you tell if this is the short run or long run?  Explain.

Only typed answer and please answer correctly

Suppose the imaginary company of Roobek is a small, Reno-based American apparel manufacturer specializing in athleisure. The following table presents the brand’s total cost of production at several different quantities. Fill in the remaining cells of the following table. Quantity Total Cost Marginal Cost Fixed Cost Variable Cost Average Variable Cost Average Total Cost   (Pairs) (Dollars) (Dollars) (Dollars) (Dollars) (Dollars per pair) (Dollars per pair)   0 60       — —     1 160             2 220             3 270             4 340             5 450             6 630             On the following graph, plot Douglas Fur’s average total cost (ATC) curve using the green points (triangle symbol). Next, plot its average variable cost (AVC) curve using the purple points (diamond symbol). Finally, plot its marginal cost (MC) curve using the orange points (square symbol). (Hint: For ATC…

The difference between economic profit and accounting profit is?   Average cost Direct costs Economic costs Variable costs Marginal costs

-Briefly discuss average costs, including how they are calculated, how they are typically appear on a graph, and what they relate to profitability.   -Briefly explain what is meant by the term "fixed costs" and provide three examples of same.  What determines a firm's level of fixed costs?   -Briefly explain what is meant by the term "variable costs" and provide three examples of same.   -Briefly explain how the total revenue for a profit-seeking firm is determined.

The firm producing 6 units  iPhone in a hour and selling it at $500. What is firm total revenue.

Tammy quit her job as a math teacher making $70,000 per year to start her own online business. The first-year revenue totaled to $200,000. During the first year of online business, Tammy paid $50,000 for the office rent and $20,000 for utilities and supplies. What is the amount of accounting profit generated from Tammy’s online business?     $60,000     $200,000     $130,000     $70,000