WebThis clip explains why a zero economic profit is just enough for the firm to stay in the industry. (No, the firm is not miserable with a zero economic profit... WebNormal profit implies zero economic profit. However, this can include ‘accounting profit’. This is because included in the total costs is a minimum level of recompense for the owners of the company. For example, if a …
The table below shows the weekly marginal cost (MC) and average …
WebIf the market price for ear buds is $6 per pair, and Buddies produces the profit-maximizing quantity of ear budd.what will Buddies profit or loss be per week? 5 d. Now assume the … WebJan 14, 2024 · Buddies can sell its ear buds for $6, and the cost per pair of ear buds is $2.94. Given that itproduces a quantity of 45 pairs of ear buds, its profit is ($6 – $2.94) × … preowned ford dealer
LAST WORD You are given an old car by your uncle, who wants you...
WebStudy with Quizlet and memorize flashcards containing terms like Accounting profit is always greater than or equal to economic profit., A firm that earns zero accounting profit is earning a normal profit., The law of diminishing marginal returns helps to explain why the marginal cost curve typically has a downward-sloping portion. and more. WebApr 7, 2024 · If the market price is $5.50 per pair, and Buddies produces the profit-maximizing quantity of ear buds, what is Buddies weekly profit? $ e. Buddies earns a normal profit when marginal cost equals average cost at the minimum of average cost. marginal cost equals average cost. marginal cost equals marginal revenue at the … Webb) her marginal cost must equal zero. c) her total cost = total variable cost. d) she will earn an economic profit. e) her total variable cost < her total costs. c. In the short run, a firm cannot change the amount of capital it uses. Therefore the cost of capital is a: a) short-run cost. b) variable cost. pre-owned ford edge