Danilo and his wife operate a restaurant where they sell all their meals for $14.00 each. The markup on each meal is $5.00 and overhead expenses are 19.00% of cost. a. How much does it cost them to make each meal? $0.00 Round to the nearest cent b. What is their operating profit per meal? 50.00 Round to the nearest cent c. Calculate the break-even price. 50.00 Round to the nearest cent

Q: financing is money raised from within the firm, from operations or through the sale of ownerhsip in…

A: Financing money raised through the sale of ownership in form of shares is known as equity. Equity…

Q: Find marginal cost of the firm given:- Marginal profit = $800 Marginal revenue = $1200

A: Marginal profit = $800 Marginal revenue = $1200

Q: George’s T-Shirt Shop produces 5,000 custom printed T-shirts per month. George’s fixed costs are…

A: In production activity, break-even point is the point where the firm is earning zero profits. That…

Q: 22) Ace Shoe Company sells heel replacement kits for men's shoes. It has fixed costs of $6 million…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Eddie's Electronics sells laptop computers for $450 each. At this price, the store sells 325…

A: Economic profit = total revenue- total cost

Q: After one month of operation, OU Café determined to shorten its business hours and close on…

A: The total costs of any firm includes fixed costs and variable costs. The fixed costs refer to those…

Q: Which software should you purchase in order to save money in the long run, X or M? Not Satisfied…

A: Given:- Two Softwares X and M with their values being $6000 and $12000. To determine:- which…

Q: Need help with c (the break even point) and d (the price range for which the company will make a…

A: X                      Y = 159.24x+65065.22 280 159.24*280+65065.22 =…

Q: Japayuki Noodle Restaurant, a restaurant that is under a perfectly competitive market, is selling…

A: In perfectly competitive market, price is constant so it is equal to marginal revenue. Firms will…

Q: I have a chance to open one of two franchises listed below. What are the incremental costs of…

A: The installation cost and the annual maintenance cost are the fixed costs. Hence, these are not used…

Q: If marginal cost and marginal revenue are $30 and $44  Find marginal profit

A: According to the above mentioned question, the values are:- Marginal cost = $30 Marginal revenue =…

Q: City Condos Construction, CCC, obtained a loan to purchase city land for a premium condominium…

A: The above model hypothesizes an equilibrium of condo floors in a competitive market. MC = marginal…

Q: If Open Text, a firm in Kanata, Ontario decides to stop production in the short run, its costs will…

A: In economics, the two types of costs that a corporation incurs when producing goods and services are…

Q: A company participating in a market of perfect competition invoices monthly 154,200 units, the sum…

A: Hi there as per our guidelines we are only allowed to solve 3 sub parts of a question . Kindly…

Q: If the firm produces 4 units of production at a price of 8 monetary units each, and the total fixed…

A: The difference between total cost and total revenue decide whether there is economic profit or…

Q: If a monoply fixed costs increase,its price will________and its profit will______.…

A: A monopoly is a type of market in which there is only a single supplier of a good or service. Few…

Q: conomic profit in the long run. al cost pricing

A: Answer provided below,

Q: Suppose a car firm's marginal revenue of selling a car is $2,100 and marginal cost of producing a…

A: Given:  Marginal Revenue of selling a car = $2100 Marginal Cost of producing a car = $2150

Q: Peter runs a small local newspaper company. He can sell a newspaper at $2. He has fixed costs of…

A: The total revenue is the total receipts collected from the sale of goods and services in the market.…

Q: Billy’s Bean Bag Emporium produced 300 bean bag chairs but sold only 275 of the units it produced.…

A: Output Produced=300 bean bag chairs Output sold=275 bean bag chairs Average cost for each unit…

Q: Variable costs usually change as the firm alters the quantity of output produced. True False

A: A variable cost  may be a company expense that changes in proportion to what proportion a…

Q: Bette's Breakfast, a perfectly competitive eatery, sells its "Breakfast Special" (the only item on…

A: Here, The price is $5 The average variable cost is $3.95. The average fixed cost is $1.25. That…

Q: Rama wants to start a Cafe in her garage. Her monthly expenditure on salaries will be ₹ 10,000 &…

A: A. Explicit cost is the actual cost incurred on the production. Implicit cost is the foregone income…

Q: A retail store realizes a gross profit of $51.24 if it sells an article at a margin of 31% of the…

A: As per the question, we are provided with some details: Gross profit = $51.24 Margin = 31% Overheads…

Q: TR = 25Q - 2Q² TC = 32 + 5Q Please create a graph illustrating relationship between the Total…

A: Total revenue is the amount generated by sales of the goods and services and it is obtained by…

Q: Total Revenue $5,000 per Week $2,600 per Week $2,400 per Week Total Variable Cost Total Fixed Cost…

A: Total revenue = 5000 $ Total cost = Total variable cost + Fixed cost = 2600 + 2400 = 5000 $ As the…

Q: Find marginal profit when marginal revenue is $90 and marginal cost $50

A: # The formula for marginal profit:- = Marginal revenue - Marginal cost

Q: usiness profit is generally greater than economic profit. a. True b. False

A: According to the given question Economic profits are also known as the accounting profit which…

Q: Nabil cleaning service is a profit-maximizing, competitive firm. Nabil cleans washroom for $25 each.…

A:

Q: Do operating strategies of average cost minimization and profit maximization always lead to…

A: Average cost reduction and profit maximization are operating techniques that provide comparable…

Q: (A) Comment on marginal revenue and marginal cost values when it is given that marginal profit is 0.…

A: Profits are the excess of revenue receipts over the costs incurred by the firm. A firm earn revenue…

Q: Marginal revenue and marginal cost are $850 and $700 respectively Calculate the value of Marginal…

A: The information being given to us is as follows:- Marginal revenue = $850  Marginal cost = $700 We…

Q: Solve the attachment

A: The income received by the producers after paying for all the raw materials used to produce the…

Q: economic profit is smaller than accounting profit because of implicit cost---- a) none of the above…

A: Implicit costs are the ones that are not shown separately even though they have occurred already.…

Q: Last year Bill Bailey quit his $20,000 per year job and invested $200,000 to open the Bargain…

A: Economic profit takes into consideration all revenue items and cost items and also the opportunity…

Q: In the short run, a firm’s decision to shutdown should not take into considerationa. avoidable…

A: ANSWER   In the short run, a firm’s decision to shut down should not take into consideration is

Q: Sal's Sneakers Price $250 $225 MC, MC2 $200 $175 $150 $125 $100 $75 $50 $25 MR D 10 20 30 40 50 60…

A: Total revenue is profit maximizing price multiplied by quantity.

Q: The setting is a Ralph Lauren outlet store, and the product line is Polo golf shirts. A product…

A: Total revenue is defined as the money earned from the sale of the output. Change in the total…

Q: 35. Economic profit is equal to total revenue minus all implicit costs. a. True b. False

A: According to the given question the - Economic profit is equal to total revenue minus all implicit…

Q: Calculate total revenue of a firm given that:- Profit = $500 Total cost = $1100

A: Total cost (TC): - it is the sum of fixed and variable costs incurred in the production process.…

Q: A publisher for a promising new novel figures fixed costs​ (overhead, advances,​ promotion, copy​…

A: We are going to solve for break-even point to answer this question.

Q: George’s T-Shirt Shop produces 5,000 custom printed T-shirts per month. George’s fixed costs are…

A: Given information-The producer initially produces 5,000 T-shirts. The fixed cost is equal to…

Q: Profit maximization of the firm happens when marginal cost > marginal revenue True / False

A: Profits are the excess of revenue receipts over the costs incurred through the production of goods…

Q: Just 1 capsule of brand X can provide 24 hours of acid control ( Actual brand will not be named)…

A: A problem statement is a short description about the current issue or a condition that needs…

Q: A manufacturer of electric switches in a competitive industry has a fixedmonthly cost of $50,000,…

A: Given: MC=$5 Fixed Cost=$50,000 Total monthly variable cost=$100,000 Monthly Production=100,000units…