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Il y a 20 heures · Study with Quizlet and memorize flashcards containing terms like Tom quit his $65,000 a year corporate lawyer job to open up his own law practice. In Tom's first year in business his total revenue equaled $150,000. Tom's explicit cost during the year totaled $85,000. What is Tom's economic profit for his first year in business?, Which of the following statements is correct?, formula for ...
Il y a 20 heures · Complete the table by filling in the average fixed cost, average variable cost, and average total cost. Instructions: Round your answers to 2 decimal places. Vintage Model Car Production Costs Output T F TV TC AFC AVC ATC 1) 0 $2,500 0 $2,500 - - - 2) 100 2,500 600 3,100 3) 200 2,500 1,100 3,600 4) 500 2,500 4,150 6,650
Study with Quizlet and memorize flashcards containing terms like d.) % Daily Value, c.) 2000, b.) 20% DV or higher and more.
