Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The loss of consumer al Automobile owners (i.e., consumers in the math in the figure if the [ (demand or supply ) curve we 12.
The loss of consumer al Automobile owners (i.e., consumers in the math in the figure if the [ (demand or supply ) curve we 12. On your scratch paper, please draw the table to calculate Profit for your convent following information about Sheila's shop to fill in the blanks. Sheila's Sports Shop is a very popular sporting goods store, which has a yearly revenue of $500,000. Sheila runs the business herself. Her alternative employment options are to be a college swimming coach for $45,000 per year or construction worker for $35,000 per year. The two options cannot be accepted simultaneously . Sheila spends $260,000 purchasing goods for resale to her customers. She also has fouremployees (each earn $20,000 per year). The average entrepreneurship skills paid in the market is $39,000 per year. Sheila spent her money to purchase the building that her Sports Shop is housed in; she could have saved the money in the bank and could have earned the interest for $30,000 per year. Sheila's Sports Shop had a market value of $780,000 at the beginning of 2022 and had a market value of $790,000 at the end of 2022. Sheila's accountant told her the accounting depreciation of her shop is $35,000 in 2022. Given the above information and the table you draw on your scratch paper, fill the blank with numbers, If you find any numbers are negative, either use the parathesis or add a negative sign in front of your answered number(s) The total Wage paid to Sheila's employees is $ per year Sheila's Opportunity Cost of Resources Bought in the Market equal to $[ per year. The Economic Depreciation for Sheila's shop is $[ in 2022. The Implicit Rental Rate for Sheila's shop is $[ in 2022. The Normal Profit is $ per year. The Opportunity Cost Supplied by Sheila (as the shop's owner) is $[per year. The Economic Profit is $[ in 2022. The Accounting Profit is $ in 2022
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started