Would you be able to let me know what the correct way of graphing the extra credit question is because I attempted it and does it include ACV as well or just MC and ATC?
AutoSave ON ~ $3 6 . 6 6 7 . StrebelHW4 - Saved Q Q v coursehero.com Home Insert Draw Design Layout References Mailings > > Share Comments Course Hero Untitled Garamond 10 A A Aa Ap Paste I U vab X X A DAY Paragraph Styles Dictate Sensitivity Calculate the firm's yearly accounting and economic profits at the daily output rate of 135 units, which requires 7.5 units of labor to produce, based on its daily cost structure given in the homework #3 plus the constant market price of $48 throughout the year, the fact that the firm's owner fully paid off the conveyor line at the end of previous year and the fact that the firm was also relieved by the local government from paying property taxes during next year. In addition, assume that the firm carries $180,000 daily inventory, the annual market interest rate is 5% per year and there are 300 workdays in a year. Also known is the fact that business owner was a former executive at Monsanto, where his salary with the additional bonuses was $278,000 per year. (12 points) Annual Total Revenue (TR)= (Units x Workdays) x Market Price (135*300)*48=$1,944,000 Daily Explicit Costs (List): Ask Expert Tutors Subject matter experts Fixed Costs (FC)= Facility Rent+Maintenance+Utilities +Interest +Insurance At Get 24/7 homework Step-by-step explanations $180+$48+$76+$52+$64=$420 help Fast answers Labor Costs (L)= Hourly Wage*Work Shift Length*Workers $20*8*7.5=$1,200 Material Costs (M)= Price per Unit*Output ($16+$14)*135=$4,050 Ask any homework question Losses : At any Please include all relevant details and attachments so we can provide a fast low ATC. Variable Costs (VC)= Labor+Materials solution $1,200+$4,050=$5,250 Shutdown poi er the Total Costs (TC)= FC+VC $420+$5,250=$5,670 variable cost. BIU XX fx ' Ix Point F denote Enter your question and any additional information Total Yearly Explicit Costs= TC*Workdays $5,670*300=$1,701,000 PS : Sorry but Implicit Costs (List) 20200416_ Total Yearly Implicit Costs= Loan for Conveyor Line+ Property Taxes + Return on Inventory Investment + Salary Received at Previous Job (($85+$35)*300)+(180,000*5%)+$278,000=$323,000 Is this answe Continue Yearly Accounting Profits= TR-Explicit Costs $1,944,000-$1,701,000=$243,000 Your feedbac question best tutor Yearly Economic Profits= TR-Explicit Costs-Implicit Costs $1,944,000-$1,701,000-$323,000=-$80,000 Add a comm Send As stated in our this question next w you can solve StrebelHW4.docx Company Get Course Hero Careers Help Legal Connect with Us About Us ios Leadership Contact Us Copyright Policy College Life Scholarships Android Careers FAQ Academic Integrity Facebook Sitemap Educators External Internships Feedback Our Honor Code Twitter Standardized Tests Privacy Policy LinkedIn Education Summit Terms of Use You Tube Instagram Savarna Strebel ECO-120-40 Page 4 of 5 1020 words Focus E + 90% Copyright @ 2020. Course Hero, Inc. Course Hero is not sponsored or endorsed by any college or universityAutoSave ON ~ $3 6 . 6 6 7 . StrebelHW4 - Saved Q Q v coursehero.com Home Insert Draw Design Layout References Mailings > > Share Comments Course Hero Untitled Garamond v 10 A" A Aa Ap Paste I Uvab X X A DAY Paragraph Styles Dictate Sensitivity Implicit Costs ( List): Total Yearly Implicit Costs= Loan for Conveyor Line +Property Taxes +Return on Inventory Investment + Salary at Previous Job (($85+$35)*300)+(180,000*5%)+$278,000=$323,000 Yearly Accounting Profits= TR-Explicit Costs $1,944,000-$1,701,000=$243,000 Yearly Economic Profits= TR-Explicit Costs-Implicit Costs $1,944,000-$1,701,000-$323,000=-$80,000 Ask Expert Tutors Subject matter experts At Get 24/7 homework Step-by-step explanations help Fast answers Ask any homework question Losses : At any Please include all relevant details and attachments so we can provide a fast solution low ATC. Shutdown poi variable cost. BIU XX fx ' Ix er the Point F denote Enter your question and any additional information StrebelHW4.docx PS : Sorry but 20200416_ Savarna Strebel Is this answe Continue ECO-120-40 Your feedbac question Extra Credit Question best tutor On the graph below illustrate the long-run equilibrium condition that would exist for perfectly competitive firm discussed above. MC Add a comm Send ATC As stated in our this question next w you can solve DLR Company Get Course Hero Careers Help Legal Connect with Us PLR About Us ios Leadership Contact Us Copyright Policy College Life OBE PLR=MRLR Scholarships Android Careers FAQ Academic Integrity Facebook Sitemap Educators External Internships Feedback Our Honor Code Twitter Standardized Tests Privacy Policy LinkedIn Education Summit Terms of Use You Tube Instagram Q*BELR Page 4 of 5 1020 words Focus E + 90% Copyright @ 2020. Course Hero, Inc. Course Hero is not sponsored or endorsed by any college or university
