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heme Transition 5 B Part 2 - Practice- Candy runs her own advertising company and rents an office for $15,000. She pays $45,000 in wages

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heme Transition 5 B Part 2 - Practice- Candy runs her own advertising company and rents an office for $15,000. She pays $45,000 in wages and $50,000 in supplies. She could work for a different company and earn $55,000. 7. What does Candy's total revenue need to be for her to earn an accounting profit? Explain. Type here 8. What does Candy's total revenue need to be for her to earn a normal profit? Explain. Type here Part 3 - Making Connections- The table shows the total revenue Output Total Total and total cost for producing output. Revenue Cost 9. How many units of output should this firm produce to maximize $10 $5 profit? Type here 2 $20 $11 3 $30 $18 10. Notice that the total cost is still less than total revenue when 4 $40 $26 producing the 6th unit. Explain why this firm shouldn't produce the 6th unit. 5 $50 $36 CAO k to add speaker notes

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