Purchase Solution

Eonomic Profit

Not what you're looking for?

Ask Custom Question

Jesse sells 400 candles per month at an average price of $5 per candle. Costs of supplies to produce and sell the candles are $500. Rather than producing and selling candles, Jesse could be working at a second job earning $800 per month. What is Jesse's monthly ECONOMIC profit?

Purchase this Solution
Solution Summary

The solution helps in computing Economic Profit.

Solution Preview

Eonomic Profit

Jesse sells 400 candles per month at an average price of $5 per candle. Costs of supplies to produce and ...

Purchase this Solution
Free BrainMass Quizzes
Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

View More Free Quizzes
Related BrainMass Solutions

  • Is Government Obligated to Fulfill a Social Contract?

    For socio-eonomic obligations (when codified as law; cumbersome, bureaucratic, and broad-brushed as it is) are both carrot and stick when wielded by governments against individuals, as opposed to being in service to individuals.

  • 1950s vs. Today: Governmental and Eonomic differences

    Today: Governmental and Eonomic differences 1. Describe two fundamental differences, one governmental and one economic, between the 1950s and today. 2.

  • Linear programming

    Profit=60 Demand=40 Profit=37.5 Demand=30 0.2 0.24 0.3 Demand=20 Profit=15 0.16 Demand=10 0.1 Profit=-7.5 Demand=0 Profit=-30

  • Creidt Policy at Mucklehoney Sports

    *Profit per unit=Gross Profit 3,000*$8*Collections=$Gross profit Gross Profit=$24,000*Collections Gross Profit=$24,000*85% Gross Profit=$20,400 Net profit=Gross Profit-Discount Net Profit=$20,400-(3% of $20,400) Net Profit=$20,400-$612 Net Profit

  • Cost Center Allocations by Employees and Square Feet

    Profit-Direct Allocation method Profit Centre 1 Profit Centre 2 Profit before allocation 40,000 25,000 Allocated costs (18,816) (31,184) Net profit 21,184 (6,184)

  • Find the following

    TC = 1 + 2Q Find the following: 1.Price at profit max 2.Quantity at profit max 3.TR at profit max 4.TC at profit max 5.Profit Please answer in Word and provide appropriate graphs if applicable.

  • Finding Profit maximisation activity level

    (profit margin). 1) Calculate the profit-maximizing activity level TC = $41,000,000+500Q+0.005Q^2 TR = 1500*Q Profit = TR-TC = 1500Q-41000000-500Q-0.005Q^2 = 1000Q-0.005Q^2-41000000 For profit maximization d(Profit)/dQ =0 i.e

  • Income Statement Preparation

    230000 in $ PROFIT AND LOSS ACCOUNT Operating Profit 230000 Less Interest 9000 Profit before tax 221000 Less Taxes 31000 Profit after tax 190000 Less Preference Dividend 30000 Profit after preference

  • Profit versus non-profit organizations

    320972 Profit versus non-profit organizations Using real-world examples, briefly compare and contrast strategy choices of non-profit and for-profit organizations. Non-profit organization: A church would be an example of a non-profit organization.

View More Related Solutions