Chiquita produces bananas for an average explicit cost of $0.25 per banana and sells 1 million bananas per week for a price of $0.50 per banana. The implicit costs per week are $200,000. Which of the following statements is true? Group of answer choices Chiquita makes an accounting profit of $50,000. More than one answer is correct. Chiquita makes an economic profit of $250,000. Chiquita makes an economic profit of $450,000. Chiquita makes an accounting profit of $250,000.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Chiquita produces bananas for an average explicit cost of $0.25 per banana and sells 1 million bananas per week for a price of $0.50 per ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
How taxation and legislation impact positively to the company's success and negatively can lead failure on the company
Answers (1)
What is critical in determining whether something is produced as a public good
Answers (1)
Of the people described below, who would be counted as unemployed? Choose one or more: A. a 55-year-old steel worker who was laid off 18 months ago and has given up trying to find a job B.
Answers (1)
A company that is unwilling to give up control of the business is in need of additional capital. Would issuing additional stock or issuing bonds be better for the company?
Answers (1)
An annuity Question 6 options: is a debt instrument that pays no interest. is a stream of payments that varies with current market interest. is a level stream of equal payments through time. has no value. None of the above.
Answers (2)
New Questions in Business
In an advertisement, FreshAir, Inc. stated that its air freshener lasted for 3 hours while the competitor's Smell Sweet lasted for only 36 minutes. In fact, Smell Sweet freshens the air for more than 2 hours.
Answers (1)
How many american adults are affected by specific phobias each year? a. 920,000 b. 13.2 million c. 26.2 million d. 19.2 million?
Answers (1)
A local government awards a landscaping company a contract worth $1.5 million per year for five years for maintaining public parks. The landscaping company will need to buy some new machinery before they can take on the contract.
Answers (1)
According to the presentation, the first step in making a major purchase is: A. choosing a salesperson B. determining the features C. you want to do your research D. finding out what the taxes will be
Answers (1)
Bank Corp.'s voting stock is owned by the following individuals: Farber, 25%; Farber's mother, 15%; Farber's father, 40%; and Grosset, an unrelated person, 20%. Farber's sister sold equipment to Bank at a loss.
Answers (1)