Q-10 As the owner of the firm, Jim pays himself $1,000. All other expenses of the firm

Question:

Q-10 As the owner of the firm, Jim pays himself $1,000. All other expenses of the firm add up to

$2,000. What would an economist say are the total costs for Jim’s firm?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Microeconomics

ISBN: 9780077501808

9th Edition

Authors: David Colander

See More Books

Question Posted: Oct 15, 2024 01:01 AM

See More Questions

Hi there I need help answering ASSIGNMENT 1 ONLY by Friday afternoon. I have attached the study pack to help answer the question. Thanks! FIN4802 ASSIGNMENTS ASSIGNMENT 01 Due date: 13 May 2016...
1) What type of strategy is the Waterford Spinning Mills acquisition based on? What are the specific risks & benefits DCC faces as a result?Has it worked out as planed for DCC? 2) What business-level...
1. What strategic alternatives are identified in this case that relate to concepts of business- and corporate-level strategies, as well as ways to grow/diversity? How attractive are these...
A chemical processing plant has a network of pipes that are used to transfer liquid chemical products from one part of the plant to another. The following pipe network has pipe flow capacities in...
On January 1, 2014, Norton Corporation acquired a 15% interest in Liddy Corporation for $120,000 when Liddy's Corporation for $120,000 retained earnings. Book values of Liddy's net assets equaled...
A water pipe is connected to a double-U manometer as shown in Fig. P1116E at a location where the local atmospheric pressure is 14.2 psia, determine the absolute pressure at the center of the pipe....
Q-10 As the owner of the firm, Jim pays himself $1,000. All other expenses of the firm add up to $2,000. What would an economist say are the total costs for Jims firm?
Zonker Inc. purchases 500 units of an item at an invoice cost of $30,000. What is the cost per unit? If the goods are shipped f.o.b. shipping point and the freight bill was $1,500, what is the cost...
LW205 Tutorials & Forum 2023 Week 3 Readings Lecture ppts for Weeks 2 and 3 Colvin ch 21 Sentencing in Either Criminal Law of Fiji (2 ed) Or Criminal Law of Solomon Islands, Kiribati & Tuvalu (on...
Q-9 Does learning by doing cause the average cost curve to be downward-sloping?
1. What is the difference between technical efficiency and economic efficiency? ( LO12-1)
A golf pro wants to investigate the relation between the club-head speed of a golf club (measured in miles per hour) and the distance (in yards) that the ball will travel. He realizes other variables...
Phoenix Company makes custom covers for air conditioning units for homes and businesses. The company uses an activity-based costing system for its overhead costs. The company has provided the...
[10 Marks] Johnson & Smith Company makes custom covers for air conditioning units for homes and businesses. The company uses an activity-based costing system for its overhead costs. The company has...
Can any remaining partners capital account even be credited along with the retiring or deceased partners capital account at the time of treatment of goodwill?
Chapter 20 Master Budgets and Planning Management expects December's results to be repeated in January, February, and March without any changes in strategy. Management, however, has an alternative...
The management of Zigby Manufacturing prepared the following balance sheet for March 31. Assets Cash Accounts receivable Raw materials inventory Finished goods inventory Equipment Less: Accumulated...
If a system consists of five particles, how many terms appear in the expression for the total potential energy? How many terms appear if the system consists of N particles?
Juanita owns a home in Richardson, TX. She purchases a Homeowners Policy (HO-3) from Farm State Ins. Co. The policy provides $100,000 in liability coverage (coverage E) and $5,000 in Med Pay coverage...

Q-10 As the owner of the firm, Jim pays himself $1,000. All other expenses of the firm

Question:

Step by Step Answer:

Microeconomics

Students also viewed these Business questions