User Account

All Pages

Estate firm earning an annual salary

Assignment Help Business Economics
Reference no: EM131988154

Chris was the business manager for a real estate firm earning an annual salary of $45,000. Then Chris decided to become a consultant. Chris hired an administrative assistant at $20,000 per year and rents office space (utilities included) for $3,000 per month. Chris earned $150,000 in total revenue the first year.

Q1 chris's economic profit is?

Q2 chris's normal profit?

Reference no: EM131988154

Questions Cloud

Why the supply curve slopes upward : Explain the law of supply, and why the supply curve slopes upward? How is the market supply curve derived from the supply curves of individual producers?
Write a java fx gui program that makes a mileage calculator : Write a java FX GUI program that makes a mileage calculator for a trip. The program should calculate overall mileage as well as individua fuel ratings.
Discuss why the government subsidizes student loans : Discuss why the government subsidizes student loans. Explain what would happen as a result of lenders pulling out of this market.
Define three positive characteristics professionalism : Define at least three positive characteristics and/or work attitudes that contribute to the work ethic and professionalism of a medical assistant.
Estate firm earning an annual salary : Chris was the business manager for a real estate firm earning an annual salary of $45,000. Then Chris decided to become a consultant.
How an intrusion detection system actively respond to attack : What is a Null session problem? How can an intrusion detection system actively respond to an attack?
Describe the various ways in which you plan to demonstrate : Please describe the various ways in which you plan to demonstrate and emphasize your own professionalism when working in a medical office.
Prepare the adjusting entry for the accrual of interest : Foren Corporation had the following transactions pertaining to debt investments. Prepare the adjusting entry for the accrual of interest at December 31
Write a loop that prints the strings to the console : Write a loop that prints the Strings to the console but loop stops at the first null. Write a loop that prints the Strings to the console but loop stops.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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