Jeff operates a small fiber optic installation company. His revenues are $50,000. His costs include $10,000 in parts and equipment, $15,000 to pay his buddy who helps him, and $5,000 in insurance and license fees. By running this business, he gives up working on weekends at his other job where he could have earned $15,000 in overtime pay. What is Jeff’s economic profit?

Owns a machine that can produce two specialized products. production time for product tlx is two units per hour and for product mtv is four units per hour. the machine’s capacity is 2,100 hours per year. both products are sold to a single customer who has agreed to buy all of the company’s output up to a maximum of 3,570 units of product tlx and 1,610 units of product mtv. selling prices and variable costs per unit to produce the products follow. product tlx product mtv selling price per unit $ 11.50 $ 6.90 variable costs per unit 3.45 4.14 determine the company's most profitable sales mix and the contribution margin that results from that sales mix.