Suppose you spent $100000 to purchase some machinery equipments for your firm, this expenditure will be your a. Physical capital b. Gross investment c. Financial capital d. None
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Suppose you spent $100000 to purchase some machinery equipments for your firm, this expenditure will be your a. Physical capital b. Gross investment c. Financial capital d. None
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- Microeconomics Jon quit his job as a manager at West End Savings bank where he earned $112,000 a year. He cashed in $214,000 in corporate bonds that earned 1.0% interest annually to set up a gym. Jon has decided to buy a store front and set up exercise classes. There are 1400 people who will pay $1200 a year for unlimited classes; $850 from each person goes for instructors, maintenance, equipment, insurance, depreciation etc. Write the answers to the following questions on the answer sheet. (You must show your work.) 1. List 2 (in numbers) 2 implicit costs that Jon has not included. 2. What is Jon’s pure economic profit (or loss) in numbers?Microeconomics Jon quit his job as a manager at West End Savings bank where he earned $112,000 a year. He cashed in $214,000 in corporate bonds that earned 1.0% interest annually to set up a gym. Jon has decided to buy a store front and set up exercise classes. There are 1400 people who will pay $1200 a year for unlimited classes; $850 from each person goes for instructors, maintenance, equipment, insurance, depreciation etc. Write the answers to the following questions on the answer sheet. (You must show your work.) A.What are Jon’s total revenues? B. What are Jon’s explicit costs? In numbers C.What is his accounting profit? in numbers D. List 2 (in numbers) 2 implicit costs that Jon has not included. E. What is Jon’s pure economic profit (or loss) in numbers?Revenue, Cost MC AC AVC P AR = MR R P. Oufput
- QUESTION 2 a. Himaya resigned as an architect with a monthly salary of RM5000. He used his savings of RM120000 to start a restaurant in Kuching, Sarawak. The following information shows his estimated monthly expenses. Workers' salary RM2200 Electricity and water bill RM2500 Shop rent RM3000 Raw material RM6000 If saving interest is 5% a year, calculate the following cost in a month. i. Explicit cost ii. Implicit costHarvey 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. $93,000QUESTION 18 A clothing manufacturer produced 5,000 sweaters, but sold only 4,000 of them. The remaining 1,000 sweaters would be classified as part of the firm's intangible capital. a factor of production. part of the firm's tangible capital. O a loss to the firm.
- Course dashboard Soru 15 SCENARIO 1 You are the owner and only employee of a company that writes computer Henüz software that is used by gamblers to collect sports data. Last year you earned a total revenue cevaplanmadı of $90,000. Your costs for equipment, rent, and supplies were $60,000. To start this business 4 üzerinden you invested an amount of your own capital that could pay you a return of $40,000 a year. ışaretlenmiş Refer to Scenario 1. During the year your economic costs were P Soruyu işaretle Lütfen birini seçin: O A $30000 OB$130000 O C.S 60000 ODS 40000 O ES 100000 SONRAKİ SAYFA ÖNCEKİ SAYFA 日 O Aramak için buraya yazınTotal 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 $200A firm had sales revenue of $1 million lastyear .Its pent $600,000 on labor,$150,000 on capitaland $200,000on materials. What was the firm’s accounting profit? the firm’s factory sits on land owned by the firm that it could rent for $30,000 per year. What was the firm’s economic profit last year?
- Total Cost Fixed Cost Variable Marginal Cost Average Fixed Cost Average Variable Cost Average Total Cost Quantity Cost S50 $150 $50 A so C $120 K. $120 H What is the value of B? $50 $25 $100 $200What is a cost that changes with the change in volume of activity of an organizationQUESTION 11 If a person pays to own a factor of production indefinitely then he or she must have paid the a. rental price b. manufactured suggested retail price c. purchase price d. ownership price
