User Account

All Pages

Calculate the paula deen economic profit

Assignment Help Microeconomics
Reference no: EM132130787

Question - Paula Deen runs a seafood restaurant in Savannah, Georgia. Her total revenue last year was $150,000. The rent on her restaurant was $48,000, her labor costs were $42,000, and her materials, food, and other variable costs were $20,000. Paula Deen could have worked as a cookbook writer and earned $40,000 per year or as a chef in another restaurant and earned $35,000. Paula Deen 's economic profit is equal to

A. $0.0 per year.

B. $5,000 per year.

C. -$35,000 per year.

D. $40,000 per year.

Reference no: EM132130787

Questions Cloud

Research the legal and ethical and privacy issues : Research the legal, ethical, and privacy issues as they relate to your chosen organization and the broader cyber domain.
What makes it so difficult to maintain information security : What steps can your leadership team take to ensure full compliance is achieved as technologies mature without disrupting the operational norms.
What is the mean number of hurricanes is a year : Over the past 50 years, the number of hurricanes that have been reported - What is the mean number of hurricanes is a year
Analyze the limitations and advantages of conducting a swot : Analyze how this SWOT analysis will be used to form a final recommendation in the full business plan.
Calculate the paula deen economic profit : Paula Deen runs a seafood restaurant in Savannah, Georgia. Paula Deen 's economic profit is equal to
Which general category does this ad emphasize the most : Identify which two specific skills within this category are the most important for this position and why you think so.
Are they miscalculating the cost or benefit problem : Are they miscalculating the cost/benefit problem, or do they simply value costs and benefits differently? Explain
Identify a new strategic brand position : Strategic Marketing Proposal - Choose a brand category you would like to represent and select one new product under the category
How does the fda face the problem of scarcity : How does the FDA face the problem of scarcity? Do you think that the FDA is making good choices in the face of scarcity

Reviews

Write a Review

Microeconomics Questions & Answers

  Analyze the equilibrium in the market

Discuss informally what you would expect to see in a model of the housing market like the one presented in class, but in which people form expecta- tions of future house price changes by extrapolating from price changes in the recent past.

  Wat happens in reserve market find market clearing fed

suppose the alternative that the open market desk does nothing different that is they hold the amount of reserves

  Define whether profit can be made in the short or long run

describes the market structures of oligopoly and monopoly in terms of number of producers, types of products produced, barriers to entry, and whether profit can be made in the short or long run.note whether oligopolies and monopolies are bad or..

  According to human skills theory of comparative advantage

According to the human skills theory of comparative advantage, developing countries would be expected to have a(n). After-transfers family income is the sum of

  Interpret the estimated logit model

What is the probability that a household with an income of 20,000 will own a car? And at an income level of 25,000? What is the rate of change of probability at the income level of 20,000?

  Calculate sara profit-maximizing output and economic profit

Sara is a dot.com entrepreneur who has established a Web site at which people can design and buy sweatshirts. Sara pays $1,000 a week for her Web server.

  Identify the fundamental lessons ten principles of economics

Identify the fundamental lessons the Ten Principles of Economics teaches regarding: How people make decisions, How people interact and how the economy works as a whole?

  Define performance of the economy

Why would the Fed choose to keep the funds rate away from equilibrium for extended periods of time? In view of the performance of the economy after.

  What is the optimal bundle unde

Say that the price of good X is Px =$1 ,the price of good Y is Py =$2 and income I=$18 .The marginal rate of substitution between X and Y (MRSyx) is constant at 3. Show the budget constraint and some representative indifference curves on a graph (rou..

  A cell phone is a piece of hardware

A cell phone is a piece of hardware. To utilize the phone to make a call, you require signing up for cell phone service. Outside of the US it is common for people to buy a cell phone from any company they choose and then sign up for cell phone servic..

  What is the potential cost to each firm

Two firms, A and B, each currently emit 100 tons of pollution into the air. If the two firms can buy or sell pollution permits from each other, assume a price of $75 per permit is negotiated, what is the potential cost to each firm if the existing..

  What criteria you are using to evaluate your policies

Let the reader know what criteria you are using to evaluate your policies. Economic feasibility, political feasibility, and environmental impact are common criteria. Criteria should also be unique to your chosen policy/issue.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd