econ home work 4 - 51,000 Economic Profit-3,000 Q FC VC TC...

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Explicit Cost In dollars Implicit Cost Labor 40,000Opp. Cost of Labor Rent 10,000Opp. Cost of Capital Ingredients 35,000Total Utilities 5,000 Total 90,000 Total Cost  219,000 Revenue 260,000 Economic Profit  41,000 Accounting profit 170,000
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In dollars 125000 4,000 129,000
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Rent  4,000 Labor 40,000 Utilities  5,000 Total Revenue  100,000 Opportunity Cost 50,000 Funds Invested 4,000 Acounting Profit
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Unformatted text preview: 51,000 Economic Profit -3,000 Q FC VC TC AVC AC MC AFC 100 100 1 100 40 140 40 140 40 100 2 100 60 160 30 80 20 50 3 100 70 170 23.33 56.67 10 33.33 4 100 85 185 21.25 4.25 15 25 5 100 130 230 26 46 45 10 Labor TP VC AVC AP MP MC 1 5 15 3 5 5 3 2 15 30 2 7.5 10 1.5 3 30 45 1.5 10 15 1 4 36 60 1.67 9 6 2.5 5 40 75 1.88 8 4 3.75...
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This note was uploaded on 04/21/2008 for the course AEC Food and r taught by Professor Daniel during the Spring '08 term at Mississippi State.

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econ home work 4 - 51,000 Economic Profit-3,000 Q FC VC TC...

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