WebBuddies can sell its ear buds for $6, and the cost per pair of ear buds is $3.13. Given that it produces a quantity of 55 pairs of ear buds, its profit is ($6 – $3.13) × 55 = $157.85. Thus, Buddies generates a weekly economic profit of $157.85. d. If the market price is $5.50, the MR curve is a horizontal line at $5.50. 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 …
8 e Buddies earns a normal profit when marginal cost …
WebNormal vs Economic Profit Economic Profit. It is said to occur when the firm earns from the revenue after accounting for explicit cost Explicit Cost Explicit costs are the culmination of all direct and indirect expenses … Weba. the amount of the tip you leave the waiter. b. the total bill you charge to your credit card. c. the cost of gas to drive to the restaurant. d. the value of the time you spent eating lunch. e. all of the above. D. Which of the following is an implicit cost of attending college? a. … how to zip attachments to emails
Urban Dictionary: e-buddy
WebNow assume the market price is $5.50 per pair, and Buddies produces the profit-maximizing quantity of ear buds. What will Buddies profit or loss be per week? $ e. … Weba) For profit maximization he will sell quantities where price is greater than or equal to MC. Therefore, he will sell 35 units. b) Total cost = ATC*q. Total cost = 4.64*35 = $162.40. c) Profit = Total Revenue – Total Cost. Profit = 6*35 – 162.40 = $47.60. d) At price = $5.50 he will sell 30 units of ear buds. Profit will be equal to 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 … how to zip a tiff file