Michelle doesn't have to see $90 worth a movie a month, and she could mostly cut that one out, if not completely. She could also see if she is able to lower her internet and/or television bill by downgrading plans.
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
1 Pound T-bone:
Selling price ($7.95 per pound) $ 7.95
Joint costs= $3.80
Profit per pound $ 4.15
Further process:
It costs $0.55 to further process one T-bone steak.
6-ounce filet mignon and one 8-ounce New York cut.
The filet mignon can be sold for $12.00 per pound, and the New York cut can be sold for $8.80 per pound.
A) Filet mignon: $12.00 pound
1 ounce= 16 ounce
0.375= 6 ounce
Price= 0.375*12= $4.5
New York cut= $8.80 a pound
Price= 0.5*8.80= $4.4
Sales= 4.5+4.4= $8.9
Costs= 3.80 + 0.55= 4.35
Profit= $4.55
B) It is more profitable to further process the T-bone stake by $0.40.
The answer is marginal revenue (MR) curve above $22.
Explanation:
Jim and Lisa Groomers will maximize its accounting profit when taking it to 0 its economic profits when marginal revenue = marginal costs.
Economic profits are not the same as accounting profits because they include the opportunity costs of investing the money somewhere else. That is whythe long run firm is not able to make economic profits since as they exist, new competitors will enter the market. But in the case of the shoert run, the firms are able to make economic profit, but by doing so, they cannot maximize their accounting profit.
Economic profit = account profit = Opportunity profit
Opportunity cost are extra costs or benefitslost from choosing one activity or investment over another one.
Answer:
Increase
Explanation:
Operating income is a company's profit after deducting operating expenses which are the cost of running operations daily.
When the product line 2 is dropped cost of running operations will reduce thereby increasing the operating income.
