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Suppose that I could sell 100 zercs over the next week for five dollars each. Two to produce this many I need $100 worth of wood, $50 worth of pliers steak and $30 worth of other material. I also need to hire two workers and pay them $75 each, And I need to be working at the factory each day as well. I would need to lease a zerc making machine from Home Depot for $80 per week. Doing that week I could work for a company for $70 another company for $90 or a third company for $110. If I asked my accountant to compute my profits for the week he tell me A: $. If I asked my economist to compute my profits he tell me B: $. How much accounting profit what I have to make earn a normal rate of return C: $

Business Economics, Economics

  • Category:- Business Economics
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