Costs of production-packaging and marketing

Assignment Help Business Economics
Reference no: EM13885842

Harvey quit his job at State University where he earned $45,000 a year. He figures his entrepreneurial talent or foregone entrepreneurial income to be $5,000 a year. To start the business, he cashed in $100,000 in bonds that earned 10 percent interest annually to buy a software company, Extreme Gaming. In the first year, the firm sold 11,000 units of software at $75 for each unit. Of the $75 per unit, $55 goes for the costs of production, packaging, marketing, employee wages and benefits, and rent on a building.

Refer to the above information. The implicit costs of Harvey's firm in the first year were:





Reference no: EM13885842

Explain what will happen to the capital labor ratio

A new OSHA rule requires that welders be given 2 hour break for every 2 hours of work to prevent carpel tunnel syndrome. Using production theory, explain what will happen to

A firm in a monopolistically competitive market faces

A firm in a monopolistically competitive market faces a- downward sloping demand curve because the firm's product is different from those offered by other firms. downward-slop

How much the workers in risker job should should get paid

Farm workers in Oaks Farmville face a 1/198 probability of death at work and each of them receives a yearly wage of $61,000. Farm workers in Valley Farm face a 1/54 of death a

Two alternative policies to achieve target level of emission

Suppose the government is considering two alternative policies to achieve a target level of emissions for an industry of 500 tonnes. What is the total abatement cost of achiev

Determine the optimal montly sales volume for this product

A large wood products company is negotiating a contact to sell plywood overseas. The fixed cost that can be allocated to the production of the plywood is $800,000 per month. T

Meals in a zip about an economic theory

You explain to your friend Haslina, who runs a catering service called "Meals in a Zip," about an economic theory which asserts that consumers will purchase less of a product

Developed nation is projected to grow to unsustainable level

The national debt of many developed nations is projected to grow to unsustainable levels. Why might national legislatures welcome higher inflation? Does inflation offer a mean

Student privacy and information technology

The Family Education Rights and Privacy Act (FERPA) was passed in 1974 to protect the privacy rights of students in higher education institutions. It is appropriate to menti


Write a Review

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd