Business, 24.11.2021 08:50 akimadixon13

The following is cost information for the Creamy Crisp Donut Company: Entrepreneur's potential earnings as a salaried worker = $50,000
Annual lease on building = $22,000
Annual revenue from operations = $380,000
Payments to workers = $120,000
Utilities (electricity, water, disposal) costs = $8,000
Value of entrepreneur's talent in the next best entrepreneurial activity = $80,000
Entrepreneur's forgone interest on personal funds used to finance the business = $6,000
Refer to the data to calculate Creamy Crisp's accounting profit and economic profit.
2) Answer the question on the basis of the following output data for a firm. Assume that the amounts of all nonlabor resources are fixed.
Number of Workers Units of Output
0 0
1 40
2 90
3 126
4 150
5 165
6 180
Refer to the data. The marginal cost of producing the sixth unit of output is?

Answers: 1

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