You own and are the only employee of a company that sells custom embroidered pet sweaters. Last year your total revenue was $120,000. Your costs for equipment, rent, and supplies were $30,000. To start this business, you invested an amount of your own capital that could pay you a $50,000 a year return. Calculate the economic cost, normal rate of return, accoynting profit and economic profit. 3) What is the relationship between average total cost and marginal cost? 4) What is the difference between accounting cost and economic cost? 5) Define the normal rate of return. If a business has steady revenues and the future looks secure, what should the normal rate of return equal? Why?

1) total revenue = $120,000

yearly costs = $30,000

opportunity costs of investment = $50,000

economic costs include both accounting and opportunity costs = $30,000 + $50,000 = $80,000 normal rate of return = accounting profit / investment* we are not given the investment amount, only the returns that the investment could yield, so we cannot calculate the normal rate of returnaccounting profit = $120,000 - $30,000 = $90,000economic profit = $120,000 - $30,000 - $50,000 = $40,000

3) When average total cost increases, that means that the marginal cost must be greater than the average total cost. If the addition of another unit of output does not change average total cost, it means marginal cost = average total cost.

4) Accounting costs only include explicit expenses (e.g. materials, utilities, labor, etc.), while economic costs include implicit or opportunity costs. Opportunity costs are the extra costs or benefits lost from choosing one activity or investment from another alternative.

5) The normal rate of return is how much profits does a specific investment yield (in percentage). There is no absolute good or bad rate of return. For example, risky investments that yield 15% per year are considered good investments, but some secure investments that yield 5-10% can also be considered good investments that yield high rates of return. investors are risk averse, so the riskier the investment, the higher the return they will expect form it.

My first question is what benefits do you expect to achieve from career exploration? the benefits that i expect to achieve from career exploration. for me i think the benefits of exploring many different careers are that you get exposed to more, so it's easier for you to pick which one you like best. another benefit is that you get a more first hand view of what jobs are more likely to be needed in the future and that can be factored into your consideration. my second question is what do you expect to be the most challenging parts of your career planning process? why? the most challenging parts of my career planning process is trying to get things in order and trying to write this paragraph it is confusing and, hard work. and last but not least my third question is i think the most challenging part is taking the first step and really deciding on a career you want to pursue; there are so many options and it can be hard to choose.which jobs will allow me to make a living? ; what skills does emergency medical technician emergency medical services medical » physiology require?

$527.7.if the following was the question  $527.7 is the answer.students who are trying to raise funds have an agreement with a local pizza chain. the chain has agreed to sell them pizzas at a discount, which the students can then resell to families in the local community for a profit. it is expected that of the 500 families in the community, at most 70% will buy pizza. based on a survey of their personal preferences, the students believe that they should order no more than 120 cheese pizzas, no more than 150 pepperoni pizzas, and no more than 100 vegetarian pizzas. they also want to make sure that at least 20% of the total pizzas are cheese and at least 50% of the pizzas are pepperoni. they make a profit of $1.45, $1.75, and $1.98, respectively, for each cheese, pepperoni, and vegetarian pizza they resell. how many pizzas of each type should they buy?