Business, 15.07.2019 22:20 luccasmith6764
Gomez runs a small pottery firm. he hires one at $15,500 per year, pays annual rent of $5,500 for his shop, and spends $21,000 per year on materials. he has $40,000 of his own funds invested in equipment (pottery wheels, kilns, and so forth) that could earn him $6,500 per year if alternatively invested. he has been offered $20,500 per year to work as a potter for a competitor. he estimates his entrepreneurial talents are worth $7,000 per year. total annual revenue from pottery sales is $87,000. calculate the accounting profit and the economic profit for gomez.
Answers: 2
Business, 22.06.2019 19:00
James is an employee in the widget inspection department of xyz systems, a government contractor. james was part of a 3-person inspection team that found a particular batch of widgets did not meet the exacting requirements of the u.s. government. in order to meet the tight deadline and avoid penalties under the contract, james' boss demanded that the batch of widgets be sent in fulfillment of the government contract. when james found out, he went to the vice president of the company and reported the situation. james was demoted by his boss, and no longer works on government projects. james has a:
Answers: 3
Business, 22.06.2019 19:40
When a company produces and sells x thousand units per week, its total weekly profit is p thousand dollars, where upper p equals startfraction 800 x over 100 plus x squared endfraction . the production level at t weeks from the present is x equals 4 plus 2 t. find the marginal profit, startfraction dp over dx endfraction and the time rate of change of profit, startfraction dp over dt endfraction . how fast (with respect of time) are profits changing when tequals8?
Answers: 1
Gomez runs a small pottery firm. he hires one at $15,500 per year, pays annual rent of $5,500 for h...
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