Maurice Tutor

(5)

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About Maurice Tutor

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Expertise:
Algebra,Applied Sciences See all
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: 398 Weeks Ago, 2 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 09 Jul 2017 My Price 9.00

Joanne’s pure economic profit

Jo quit her job at Umass where she earned $85,000 a year. She cashed in $100,000 in corporate bonds that earned 5% interest annually to buy a luxury bus. Jo has decided to buy a luxury bus and set up a commuter service between Boston and Lowell. There are 1000 people who will pay $900 a year for the commuter service; $700 from each person goes for gas, maintenance, insurance, depreciation etc.Write your answers to the following questions on the answer sheet.A. What are Joanne’s total revenues? (2 pts)B. What are Joanne’s explicit costs? In numbers (4 pts)C. What is her accounting profit? Numbers (4 pts)D. List 2 important implicit costs that Joanne has not included.numbers (4 pts)E. What is Joanne’s pure economic profit (loss)numbers ? (4 pts)

Answers

Maurice Tutor
(5)
Status NEW Posted 09 Jul 2017 05:07 PM My Price 9.00

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