Wenqin is a farmer, and in the short run she produces 100 bushels of wheat. Her average total cost per bushel is $1.75, total revenue is $450, and total fixed costs are $100. Wenqin's: Select one:
a. average fixed cost is $1.50.
b. economic profit is $250.
c. profit per bushel is $2.75.
d. average variable cost is $1.25.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Wenqin is a farmer, and in the short run she produces 100 bushels of wheat. Her average total cost per bushel is $1.75, total revenue is ...” 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
A recent study found that an increase in the federal tax on beer (and thus an increase in the price of beer would reduce the demand for marijuana. We can conclude that:___. A. beer and marijuana are substitute goods. B.
Answers (1)
On June 12, because management knew with near certainty that it had no chance of collection, Sheave Company wrote off a customer's account balance in the amount of $350. On November 3, the customer mailed a payment for $350 to Sheave.
Answers (1)
Williams & Sons last year reported sales of $20 million, cost of goods sold (COGS) of $16 million, and an inventory turnover ratio of 4. The company is now adopting a new inventory system.
Answers (1)
If a bank loan officer were considering a company's request for a loan, which of the following statements would you consider to be correct?
Answers (1)
Which factor should be most important if you are considering purchasing a new video game? A) the number of games available for purchase B) the quality of the games produced by that manufacturer C) the popularity of the video game with your friends
Answers (2)
New Questions in Business
What effect do you think seasonal demand might have on the price of goods? Explain why.
Answers (1)
Welfare economics explains which of the following in the market for televisions? a. The government sets the quantity of televisions; firms respond to the quantity by charging a specific price. b.
Answers (1)
Cardinal Company is considering a five-year project that would require a $2,890,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 12%.
Answers (1)
Parwin Corporation plans to sell 42,000 units during August. If the company has 17,500 units on hand at the start of the month, and plans to have 18,500 units on hand at the end of the month, how many units must be produced during the month?
Answers (1)
Clip Joint company is ready to sell its bonds. Which of the following financial questions is most relevant to the issue of the bonds and that investors will most likely want answered before they purchased the bonds?
Answers (1)