Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 304 Weeks Ago, 2 Days Ago
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Economics Posted 27 Jun 2018 My Price 7.00

Fred's Bar and Grill

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Fred's Bar and Grill hires you to determine the company's status. The data below provides information on the company's annual costs and revenues. Wages $85,000 Interest paid on loans 7,000 Other expenditures for factors of production 67,000 Total Revenue 250,000 Fred spends at least 40 hours a week at his place of business. If he closed the bar, he could work for his competitor and earn $30,000 per year. He also owns the building that houses the bar and could rent it out for $24,000 per year if he closes his business. Calculate the accounting profit, the normal return, and the economic profit for Fred's Bar and Grill

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Maurice Tutor
(5)
Status NEW Posted 27 Jun 2018 10:06 PM My Price 7.00

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