This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The table below provides the annual revenues and costs for a family-owned firm producing catered ... (Read 19 times)

hjfhdiskkjs

  • Full Member
  • ***
  • Posts: 156
on: Oct 12, 2022
The table below provides the annual revenues and costs for a family-owned firm producing catered meals.

Total Revenues ($)500 000
​​
Total Costs ($)​
- wages and salaries200 000
- risk-free return of 6% on owners' capital of 250 00015 000
- rent105 000
- depreciation of capital equipment25 000
- risk premium of 8% on owners' capital of 250 00020 000
- intermediate inputs    150 000
- forgone wages of owners in alternative employment   80 000
- interest on bank loan 10 000

TABLE 7-1

Refer to Table 7-1. To an accountant, this family-owned catering company is earning ________. To an economist, the same firm is earning ________.
◦ economic profits; economic losses
◦ zero profit; economic losses
◦ zero profit; normal profits
◦ positive profits; economic losses
◦ economic profits; economic profits
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by hjfhdiskkjs on Oct 12, 2022

reason44

  • Full Member
  • ***
  • Posts: 162
Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


hjfhdiskkjs

  • Member
  • Posts: 156
Reply 2 on: Oct 12, 2022
Gracias!

jackie

  • Member
  • Posts: 324
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

An Orb-weaver spider, Family: Araneidae An Orb-weaver spider, Family: Araneidae
The Red-throated Bee-eater (Merops bullocki) is a species of bird in the Meropidae family. The Red-throated Bee-eater (Merops bullocki) is a species of bird in the Meropidae family.
Annual Mean Number of Days with Thunder Annual Mean Number of Days with Thunder
DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ... DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ...
SPSS TABLE TO APA FORMAT SPSS TABLE TO APA FORMAT
Video: Immune responses Animation

For a complete list of videos, visit our video library