What is the firm monthly accounting profit

Assignment Help Business Economics
Reference no: EM132339370

Question

Suppose that each month a firm's monthly revenue is $10,000, its explicit costs are $7,000, and its implicit costs are $5,000. What is the firm's monthly accounting profit?

Reference no: EM132339370

Questions Cloud

What are the basic economics of the healthcare industry : What are the basic economics of the healthcare industry? Using the concepts of product versus resource, and each of the four types of resources.
Describe the introduction of the principles : Chapter 3 starts with the identification and the introduction of the Principles, and the characteristics of a successful Information governance program.
Equilibrium wage and quantity of laborers hired : How has the drought impacted the market for this labor? What happens to the equilibrium wage and quantity of laborers hired?
Determining the high-value forage : How does the drought impact the market for "high-value forage"? What happens to the equilibrium price and quantity in market?
What is the firm monthly accounting profit : Suppose that each month a firm's monthly revenue is $10,000, its explicit costs are $7,000, and its implicit costs are $5,000.
Explain the information pass on to the pool management : Although you need to follow APA in your report, explain the information you'd pass on to the pool's management
Describing why the team performed so well or so poorly : Discuss the team dynamics for a highly effective or ineffective team of which you were a member. Can you explain why the team performed so well or so poorly?
Draw the supply and demand graph with the price floor : Draw the Supply and Demand graph with the price floor. Remember to label all points and axes.
Briefly explain the meaning of diversification : Briefly explain the meaning of diversification OR free riding on information and how they relate market efficiency or failure in the banking industry.

Reviews

Write a Review

Business Economics Questions & Answers

  What is the maximum annual withdrawal

A deposit of $ 40,000 is put in a savings account at an interest rate of 3%. The interest is compounded quarterly, Equal annual withdrawals are to be made from the account, beginning one year from now and continuing forever. What is the maximum annua..

  Using annual worth analysis and an interest rate

XBC Inc. is planning to buy a new car. Model A costs $22,000 and is expected to have a life of 4 years. Model B costs $35,000 but it is expected to last 6 years. Model B provides a better warranty and it will save the company an average of $1,000 per..

  World view-paying to pollute system would limit emission

World View: Paying to Pollute System Would Limit Emission, Allow Trading of Credits It costs nothing to pump greenhouse gases into the air. That is starting to change. Driven by fears of global warming, countries and states are trying to place a pric..

  Compensated demand curve

Suppose that high-definition television sets (HDTVs) are normal goods. Would the compensated demand curve for HDTVs be flatter or steeper

  Understanding of change management

With a basic understanding of change management, you will now turn your attention to the service transition process as a whole.

  Customary pricing

Customary pricing is: a pricing method where the price the seller quotes includes all transportation costs. setting the same price for similar customers who buy the same product and quantities under the same conditions. deliberately selling a product..

  Firms in perfect competition will leave the industry

Firms in perfect competition will leave the industry if they

  What is the total cost savings can be realized

Company A, a low rated firm, desires a fixed rate, long term loan. Company A currently has access to floating-rate funds at a margin of 1.2% over LIBOR. Its direct borrowing cost is 13% in the fixed rate bond market. What’s the total cost savings can..

  An article in the wall street journal reported

An article in the Wall Street Journal reported that large hotel chains, such as Marriott, are tending to reduce the number of hotels that they franchise to outside owners and increase the number the chain owns and manages itself. What type of agency ..

  Effectiveness from a business perspective

Fiscal policies is a tool used by government to stimulate the economy. This week we will consider monetary policies - these are policies implemented by Fed to support sustainable growth, support high employment and keep prices stable in the US econom..

  What is the market price of the product

Assume that the product depicted below generates external costs in consumption of $3 per unit. What is the market price (market value) of the product? What is the socially optimal output?

  Speculate about why people in higher income groups vote for

Speculate about why people in higher income groups vote for reasons that are borne out of a sense of duty rather than from economic interests.

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!

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