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 economic profit generated from Tammy’s online business?

Dave's Donuts sold 1,000 donuts. Total revenue was $400, and the cost of producing the 1,000 donuts was $300. What is the profit for Dave's Donuts? $1,000 $500 $100 $400

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

Gloria decided to open her own business and earns $50,000 in accounting profit the first year.  When deciding to open her own business, she turned down three separate job offers with annual salaries of $50,000, $60,000, and $70,000.  What is Gloria's economic profit from running her own business?    Question 5 options:   a)  -$75,000   b)  -$20,000   c)  $20,000   d)  none of the above

Suppose that you want to open a new business or purchase an existing one. Describe that business.  What good or service would you provide?  Where would you be located?  What would be some explicit costs of starting the business?  What would be some implicit costs?

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!

People usually interchange "brand" and "product" in their daily conversation. As a marketing professional, discuss the difference between a brand and a product. Use appropriate examples from both service and non-service sector.

What is the goal of the Multitasking machine?

Megan used to work at the local pizzeria for $17,000 per year but quit in order to start her own deli. Last year, she paid $4,000 rent each month, $4,500 for employee payroll each month, and $1,500 for supplies each month. She was planning on selling $2,500 worth of furniture but ended up bringing the furniture to her new deli. She had total revenue of $150,000. She asked an accountant and an economist to calculate her annual costs. Accountant says cost is $120,000, and economist says her cost is $139,500. Accountant says cost is $139,500, and economist says her cost is $120,000. Accountant says cost is $10,000, and economist says her cost is $29,500. Accountant says cost is $30,000, and economist says her cost is $10,500.

I was wondering I could get help with the question below? Thanks in advance!   A firm has three different production facilities, all of which produce the same product. While reviewing the firm’s cost data, Jasmin, a manager, discovers that one of plants has a higher average cost than the other plants and suggests closing this plant. Another manager, Joshua, notes that the high-cost plant has high fixed costs but the that the marginal cost in this plant is lower than in the other plants. He says that the high-cost plant should not be shut down but should expand its operations. Who is right?