Calculate the total profit for one birdhouse

Assignment Help Business Economics

Reference no: EM131162942

1) Walter builds birdhouses. He spends $5 on the materials for each birdhouse. He can build one in 30 minutes. He is semi-retired but earns $8 per hour at the local hardware store. He can sell a birdhouse for $20 each.

An Accountant would calculate the total profit for one birdhouse to be

A) $7 B) $12 C) $11 D) $15

2) If Farmer Brown plants no seeds on his farm, he gets no harvest. If he plants 1 bag of seeds, he gets 5 bushels of wheat. If he plants 2 bags, he gets 9 bushels. If he plants 3 bags, he gets 12 bushels. A bag of seeds costs $120, and seeds are his only cost.

Farmer browns marginal-cost curve is

A) CONSTANT B) U-SHAPED C)DECREASING D) INCREASING

Reference no: EM131162942

Questions Cloud

Calculate the demand curve and the inverse demand curve : Along a demand curve, the price changes from 60 to 70. This causes the quantity demanded to change from 70 to 65. Calculate the demand curve and the inverse demand curve. Calculate the price elasticity of demand using the price/quantity combination o..

A structural budget deficit is one that : A 'structural' budget deficit is one that:

The affordable care act : The Affordable Care Act:

Exporting is nearly always way to increase revenue-profit : Exporting is nearly always a way to increase the revenue and profit base of a company because:

Calculate the total profit for one birdhouse : Walter builds birdhouses. He spends $5 on the materials for each birdhouse. He can build one in 30 minutes. He is semi-retired but earns $8 per hour at the local hardware store. He can sell a birdhouse for $20 each. An Accountant would calculate the ..

The is-lm model using graphical representations : In class we built the IS-LM model using graphical representations. Below see if you can derive the formation of the model algebraically: C = 0.5(Y –T) T = 2000 I = 3,000 – 250r G = 3,000 Md/P = 0.5Y – 500r Ms/= 2,000 P=2 (a) Write a formula for the I..

Company integrating ethics into its strategy : Do you believe that a company integrating ethics into its strategy and design can provide great returns to stakeholders as well? Explain why this is your belief and support your opinion with examples

Assume rms compete over quantity : (Assume rms compete over quantity) Two identical rms are serving a market in which the inverse demand function is given by P = 400-2Q (P = 400-2(q1+q2)). The marginal costs of each firm are $40 per unit. Solve for (each firms quantity, total quantit..

Three macroeconomic factors that influence interest rates : Many managers do not understand the various ways that interest rates can affect business decisions. Describe two to three macroeconomic factors that influence interest rates in general. Explain the effects of each factor on interest rates.

User Account

All Pages