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Sagot :
Accounting profit when revenue is 700,000 is $-17,000 and economic profit is $-147,000.
Accounting profit when revenue is 750,00 is $33,000 and economic profit is $-97,000
Accounting profit when revenue is 800,000 is $83,000 and economic profit is $-47,000.
Accounting profit when revenue is 850,000 is $133,000 and economic profit is $3000
What is economic and accounting profit?
Accounting profit is total revenue less total explicit cost. Economic profit is accounting profit less implicit cost
Explicit cost = $560,000 + $74,000 + $83,000 =$717,000
Implicit cost = 130,000
Accounting profit when revenue is 700,000: 700,000- 717,000 = $-17,000
Economic profit = $-17,000 - $130,000 = $-147,000
Accounting profit when revenue is 750,000: 750,000- 717,000 = $33,000
Economic profit = $33,000 - $130,000 = $-97,000
Accounting profit when revenue is 800,000: 800,000 - 717,000 = $83,000
Economic profit = $83,000 - $130,000 = $-47,000
Accounting profit when revenue is 850,000: - 717,000 = $133,000
Economic profit = $133,000 - $130,000 = $3000
Here is the complete question:
For each possible amount of total revenue, fill in the accounting profit and economic profit of the marketing firm.
700,000
750,000
800,000
850,000
To learn more about profit, please check: https://brainly.com/question/26181966
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