0
What else can I help you with?
What are prime cost?
Prime Costs: Prime costs are those costs which are prime importance for making any product and include: Prime Cost = Direct Material + Direct Labor
How much quarter dollar in Peso?
if you have a dollar it costs 42, then your quarter dollar costs 21. Its just half the dollar
How much is quarter dollar in peso?
if you have a dollar it costs 42, then your quarter dollar costs 21. Its just half the dollar
What is base value?
Value based pricing is a method of pricing a product based on perceived value. This method sets aside the issue of production and distribution costs and focuses more on what the buyer is willing to pay. This method of pricing is the most popular way to bring more profits to a company's table.
What is a 15 percent tip on meal that costs 38.40?
5.76
Accounting profits are typically?
greater then economic profits,as accounting profits do not include implicit costs
How much money will you make by selling lemonade?
Well it depends on how much each cup of lemonade costs.
Profits will be maximized when marginal revenue?
Profits will be maximized when marginal revenue is equal to marginal costs. This will only happen in cases where there are fixed costs.
Profits is calculated by subtracting costs from what?
Profit is calculated by subtracting costs from revenue.
What are the lemons for on Iamfam?
the lemons are used to make lemonade which means if you wish to use them you must buy a lemonade stand which costs 500
What are factors that affect a businesses profit?
Business profits are impacted by several factors. One important one is the taxes it must pay. Another is operating costs. The impact of its competitors also affects profits. Profits are also impacted by salary costs.
A producers profits are maximized when marginal costs are .?
equal to marginal revenue
A producers profits are maximized when marginal costs are?
equal to marginal revenue
The money that remains once production and trading costs have been paid?
profits
The amount of money earned after subtracting the costs associated with that earning is known as?
profits
What will happen to profits and output levels when variable costs rise in a perfectly competitive industry?
When variable costs rise in a perfectly competitive industry, profits will decrease and output levels may decrease as well. This is because higher variable costs reduce the profit margins for firms, leading to lower overall profits. In response, firms may reduce their output levels to maintain profitability.
Difference between accounting profit and economist's profit?
The accounting profit is the difference between total revenue and total cost excluding the economic cost (opportunity cost) of owner-supplied resources such as time and capital. At the other hand, In the economic cost, we include the opportunity cost in our calculations. · When total revenue exceeds both explicit and implicit costs, the firm earns economic profit. · Economic profit is smaller than accounting profit Another answer culed be: Economic Profit is slightly different than accounting profit, which merely the firm's total revenues minus its total costs. Economic profit is defined as total revenues minus total operating costs minus opportunity cost. Opportunity cost is defined as the cost of the profits you forgo by not doing another activity. For example the opportunity costs of opening a lemonade stand is equal to the difference between the accounting profits of the lemonade stand minus the accounting profits of a more profitable hot dog stand.
