At a firm’s current rate of output, the marginal cost is $15, the average variable cost is $10, the average fixed cost is $5, and the product price is $15. Which of the following statements is true for the firm ?A).Economic profits are zero because price equals average total cost

B) .Economic profits are zero because marginal revenue equals marginal cost

C).Accounting profits are negative because price is greater than average variable cost
D) .Accounting profits are negative because total revenue is less than total cost
E) .Economic profits are positive because total revenue is greater than total cost

and how you know that

Case in point 2.4 attaway airlines, part two back at attaway airlines, the morning meeting ended with no agreement between dan esposito and molly kinnon. in fact, a new issue arose. molly now says that the new accounting system is entitled to the highest priority because the federal government soon will require the reporting of certain types of company-paid health insurance premiums. because the current system will not handle this report, she insists that the entire accounting system is a nondiscretionary project. as you might expect, dan is upset. can part of a project be nondiscretionary? what issues need to be discussed? the committee meets again tomorrow, and the members will look to you, as the it director, for guidance.

The strength of the economy depends on the balance pf production and consumption of goods and consumption of goods and services

Sales at a fast-food restaurant average $6,000 per day. the restaurant decided to introduce an advertising campaign to increase daily sales. to determine the effectiveness of the advertising campaign, a sample of 49 days of sales were taken. they found that the average daily sales were $6,300 per day. from past history, the restaurant knew that its population standard deviation is about $1,000. if the level of significance is 0.01, have sales increased as a result of the advertising campaign? multiple choicea)fail to reject the null hypothesis.b)reject the null hypothesis and conclude the mean is higher than $6,000 per day.c)reject the null hypothesis and conclude the mean is lower than $6,000 per day.d)reject the null hypothesis and conclude that the mean is equal to $6,000 per day.expert answer