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Author Question: Accounting vs. Economic ProfitA firm uses capital and labor as inputs and sells 2,100 units of ... (Read 396 times)

Tb12162018

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on: Nov 23, 2022
Accounting vs. Economic Profit

A firm uses capital and labor as inputs and sells 2,100 units of output per year at the going market price of $40. Total labor costs of the firm are $11,000 annually and the total capital stock of the firm is currently worth $40,000. The return available to investors with comparable risks is 7 percent annually and there is no depreciation. What is the accounting profit of the firm? What is the economic profit?
Please round your final answer to two decimal places.
◦ $27,285.71, $73,000.00
◦ $73,000.00, $118,714.29
◦ $73,000.00, $27,285.71
◦ $27,285.71,$118,714.29
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by Tb12162018 on Nov 23, 2022

khammond77

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Reply #1 on: Nov 23, 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.
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Tb12162018

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Reply 2 on: Nov 23, 2022
Great answer, keep it coming :)

elyse44

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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