1 define accounting profit and economic profit when total, Ask an Expert

Others

1. Define accounting profit and economic profit. When total sales revenue is $120,000, total costs $63,000, and total implicit costs is $33,000. Please calculate accounting profit and economic profit.

2) Define fixed costs and variable costs. Show actual examples of each cost. In economics, we categorize such kinds of costs based on short-run and long-run variable and fixed costs. Why we should consider the time variable when the costs are categorized?

View complete question

Homework Help/Study Tips, Others

Category:- Homework Help/Study Tips
Reference No.:- M9890560

Have any Question?Write your Review or question?

Related Questions in Homework Help/Study Tips

You are expected to submit professionally presented

You are expected to submit professionally presented word-processed assessment documents. This includes: - A title page showing: ID number/s, name/s, lecturers' name/s, and assessment title. - Correct spelling and appropr ...

Task descriptionyou are hired by southern cross university

Task Description You are hired by Southern Cross University as a cybersecurity consultant to work on a security program to address the contemporary and emerging risks from the cyber threats the university is facing. Your ...

Answer the following question the basics for investing in

Answer the following Question : The Basics for Investing in Stocks 1. Define the term Value Stocks. 2. What is a prime example of a cyclical stock? 3. An income stock is identifiable by __________________________________ ...

Question develop your own idea for a production of 1 of the

Question: Develop your own idea for a production of 1 of the play's Tartuffe or Medea. Remember this is an essay, so be sure to connect the sections clearly. The essay should address the following (in any order): 1. What ...

Question the netherlands has basically no natural resources

Question: The Netherlands has basically no natural resources, yet its per capita GDP was the highest in the world during the eighteenth century. (A) What factors accounted for its preeminence? (B) Why did it lose first p ...

Question understanding how cloud security differs from

Question: Understanding how cloud security differs from on-premise data center security is crucial for organizational success. What are three (3) key differences between cloud security threats and on-premise security thr ...

Assignment 2 lasa 1 development throughout the

Assignment 2: LASA 1: Development Throughout the Lifespan Erikson and Freud are two of the few theorists who have developed a lifespan approach to development. Freud's approach to development was psychosexual while Eriks ...

Assignment managing and leading change in a health

Assignment : Managing and Leading Change in a Health Organization Course Outcome Demonstrate how effective team building optimizes the implementation of strategic planning. Unit Outcomes Differentiate among the different ...

Classical organizational theory deals with the systematic

Classical Organizational Theory deals with the "systematic processes necessary to make bureaucracy more efficient and effective." Two scholars (Weber and Taylor) are credited with the development of classical organizatio ...

Question write a 4-5 page paper discussing the

Question: Write a 4-5 page paper discussing the following: 1. How can succession planning be implemented effectively within organizations? 2. Explain the differences between outsourcing and offshoring, and how each impac ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Homework Help/Study Tips Expert