subject
Business, 01.02.2021 22:20 bixbylily95

With current technology, suppose a firm is producing 400 loaves of banana bread daily. Also assume that the least cost combination of resources in producing those loaves is 10 units of labor, 7 units of land,2 units of capital, and 3 units of entrepreneurial ability, selling at prices of $20, $60,$60 and $20, respectively. Assume the firm can sell these 400 loaves at 42 per unit.
a. What is the firm's total revenue?
b. What is its total cost?
c. Calculate the amount of economic profit or loss?
d. Will it continue to produce banana bread?
e. If the firm's situation is typical for the other makers of banana bread, will resources flow toward or away from the bakery goods?

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 19:00
The east asiatic company (eac), a danish company with subsidiaries throughout asia, has been funding its bangkok subsidiary primarily with u.s. dollar debt because of the cost and availability of dollar capital as opposed to thai baht-denominated (b) debt. the treasurer of eac-thailand is considering a 1-year bank loan for $247,000.the current spot rate is b32.03 /$, and the dollar-based interest is 6.78% for the 1-year period. 1-year loans are 12.04% in baht.a. assuming expected inflation rates of 4.3 % and 1.24% in thailand and the united states, respectively, for the coming year, according to purchase power parity, what would the effective cost of funds be in thai baht terms? b. if eac's foreign exchange advisers believe strongly that the thai government wants to push the value of the baht down against the dollar by5% over the coming year (to promote its export competitiveness in dollar markets), what might the effective cost of funds end up being in baht terms? c. if eac could borrow thai baht at 13% per annum, would this be cheaper than either part (a) or part (b) above?
Answers: 2
question
Business, 22.06.2019 20:30
Considered alone, which of the following would increase a company's current ratio? a. an increase in net fixed assets.b. an increase in accrued liabilities.c. an increase in notes payable.d. an increase in accounts receivable.e. an increase in accounts payable.
Answers: 3
question
Business, 22.06.2019 23:00
You cannot make copies of media, even as a personal backup, without violating copyright. true
Answers: 3
question
Business, 23.06.2019 00:30
Kim davis is in the 40 percent personal tax bracket. she is considering investing in hca(taxable) bonds that carry a 12 percent interest rate. what is her after- tax yield(interest rate) on the bonds?
Answers: 1
You know the right answer?
With current technology, suppose a firm is producing 400 loaves of banana bread daily. Also assume t...
Questions
question
English, 21.04.2021 22:10
question
Biology, 21.04.2021 22:10
question
Mathematics, 21.04.2021 22:10
question
Spanish, 21.04.2021 22:10
question
English, 21.04.2021 22:10
question
German, 21.04.2021 22:10
question
Chemistry, 21.04.2021 22:10
question
History, 21.04.2021 22:10
Questions on the website: 13722367