- Question 19 1 Point Scenario Accounting And Economic Profit Use Scenario Accounting And Economic Profit Scenario 1 (97.25 KiB) Viewed 54 times
Question 19 (1 point) (Scenario: Accounting and Economic Profit) Use Scenario: Accounting and Economic Profit. Scenario: Accounting and Economic Profit Casey recently inherited $100,000 from her grandmother. Rather than invest the money in a mutual fund that earns 5% per year, she quit her job as a translator for the United Nations, which paid $60,000 per year, and started Casey's Coffee Crush, a small café in Tribeca. The location she rented cost $20,000 for the equipment, café furniture, and coffee machines cost another $60,000. Staff, sales help, and advertising cost yet another $40,000. In her first year, her revenue was $150,000. Her accounting profit is: year. The $200,000. $60,000. $30,000. $0.
Question 14 (1 point) (Figure: Output Level 2) What price and output should the firm in the following example choose according to the Rational Rule for Sellers if MC = $4? = Price SB $5 $4 $3 Demand S2 $1 Marginal revenue 2 4 6 9 10 12 Quantity output = six; price = $6.00 output = five; price = $4.00 output = six; price = $4.00 output = six; price = $5.00
Question 11 (1 point) An efficiency wage is NOT but rather a variable wage; a reward a reward; an incentive an incentive; a fixed wage a fixed wage; a variable wage