Question 1
Refer to Scenario 7.5 below to answer the question(s) that follow.
SCENARIO 7.5: You own and are the only employee of a company that customizes bicycles. Last year your total revenue was $60,000. Your costs for rent and supplies were $25,000. To start this business you invested an amount of your own capital that could pay you a $45,000 a year return.
Refer to Scenario 7.5. Your economic profit last year was
◦ -$20,000.
◦ -$10,000.
◦ $15,000.
◦ $35,000.
Question 2
Refer to Scenario 7.5 below to answer the question(s) that follow.
SCENARIO 7.5: You own and are the only employee of a company that customizes bicycles. Last year your total revenue was $60,000. Your costs for rent and supplies were $25,000. To start this business you invested an amount of your own capital that could pay you a $45,000 a year return.
Refer to Scenario 7.5. Your economic profit last year was
◦ -$20,000.
◦ -$10,000.
◦ $15,000.
◦ $35,000.
Generally, the total tax burden in the United States is much lower than that of other industrialize
Respiratory Question
How to solve a word problem involving trigonometric models (Question 1)
How to solve optimization problems in calculus (Question 7)
economic question
homework question