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- Please explain how to calculate the profit calculationUsing the graph below, calculate the firm's profits at the profit maximizing output Price 408 384 360 336 312 288 264 240 216 192 168 144 120 96 72 48 24 0 0 56 112 168 224 280 336 392 448 504 560 616 672 728 784 840 896 Quantity -PMRMC-ACWhat is Economic Profit as compared to the Financial Profit? To compute Economic Profits, which costs are used? Give example
- for this graph answer the following question what is the total revenue? what is the total profit? what is the maximun point?The graph shows the short-run cost curves of a toy producer. The market has 1,000 identical toy producers. The market price of a toy is $21. In the short run, the firm produces toys a week. 24- 21- 18- 15- 12- 9- 0 500 1000 1500 2000 MC ATC AVC 2500I’m not understanding how to finish these graphs
- The table below shows the information on Ilham Bakery. Item AmountRevenue in operating the bakery shop RM 80 000Income that could have been earned if working as an employee to others RM 7 000Utility cost RM 1 200Salary of workers RM 15 000Cost of raw materials RM 20 000 What is the economic profit?How can we Determine Accounting Profit?Using the graph attached, calculate the firm's profits at the profit maximizing output.
