Emily runs a small one-woman cake bakery out of her apartment when not working at her...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Emily runs a small one-woman cake bakery out of her apartment when not working at her primary job. Fill in the table below by describing whether each input represents a fixed or variable cost in the short run, a fixed or variable cost in the long run, an explicit or implicit cost, and whether that cost is included in accounting profit, economic profit, or both. Input Hours spent baking Ingredients (e.g. flour, eggs) Ovens A car for delivery Hours spent promoting cakes on Instagram Fixed or Variable Fixed or Variable Short Run Long Run Implicit or Explicit Economic or Accounting or Both Emily runs a small one-woman cake bakery out of her apartment when not working at her primary job. Fill in the table below by describing whether each input represents a fixed or variable cost in the short run, a fixed or variable cost in the long run, an explicit or implicit cost, and whether that cost is included in accounting profit, economic profit, or both. Input Hours spent baking Ingredients (e.g. flour, eggs) Ovens A car for delivery Hours spent promoting cakes on Instagram Fixed or Variable Fixed or Variable Short Run Long Run Implicit or Explicit Economic or Accounting or Both
Expert Answer:
Answer rating: 100% (QA)
Input Fixed or Variable Short Run Fixed or Variable Long Run Implicit or Explicit Economic or Accounting or Both Hours spent baking Variable Variable ... View the full answer
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date:
Students also viewed these economics questions
-
The Coronavirus (COVID19) pandemic defined as global health crisis that consider being a great challenge since World War Two. In December 2019, the COVID19 phenomena appeared in a seafood market,...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
The excitement in the car was palpable as Micah and her roommate inched closer toward campus for their final semester at Penn State University. They had left Micahs parents house in Philadelphia a...
-
Explain (a) the ways to transfer title to personal property, (b) the three elements of a valid gift, and (c) the difference in the laws treatment of abandoned property, lost property, and mislaid...
-
A point traversed hall a circle of radius R = 160 cm during time interval = 10.0 s. Calculate the following quantities aver- aged over that time: (a) The mean velocity (v); (b) The modulus of the...
-
A hygrometer is used to measure the moisture content of humid air. Calibration of the instrument leads to a straight line on a semi log plot of y, the mole fraction of water in air (logarithmic...
-
Refer to Exercise 9. Can you reject H0 at the = 0.01 level? State a conclusion. Exercise 9 Two suppliers of machine parts delivered large shipments. A simple random sample of 150 parts was chosen...
-
Given that z is a standard normal random variable, compute the following probabilities. a. P(z 1.0) b. P(z 1) c. P(z 1.5) d. P(2.5 z) e. P( 3 < z 0)
-
Solve the triangle, if possible. a=4 ft, b 8 ft, c = 18 ft If possible, complete the equation below that uses the law of cosines to find the largest angle of the triangle. OA. There is a solution to...
-
Which federal act assists workers who are displaced through no fault of their own? Multiple Choice O O HIPAA FUTA SUTA ERISA
-
Write a function that responds to a click anywhere on the page by displaying an alert dialog. Display the event name if the user held Shift during the mouse click. Display the element name that...
-
For this discussion, writing a short paragraph about a paragraph that covers... 1. What are some goals, whether long or short, that you have financially? 2. Are you more of a spender or saver in the...
-
The equation W = 3.51L192, expressing the relationship between the length L (in feet) and the expected weight W (in British tons) of adult blue whales, was adopted in the late 1960s by the...
-
In 2002, the International Contractors Association of Korea identified and published the following risks that resulted in financial damage to the international construction company: As a project...
-
You will consider puts and calls on a share with spot price of $30. Strike price is $34. Furthermore, assume that over each of the next two four-month periods, the share price is expected to go up by...
-
A newspaper article mentions that two of South Korea s largest semiconductor manufacturers, - Samsung Electronics Company and Hynix Semiconductor - would suspend all their memory chip production for...
-
Define the induction motor, explain the Working Principle and construction ?
-
Selected condensed data taken from a recent statement of financial position of Morino Ltd. are as follows. MORINO LTD. Statement of Financial Position (partial) Other current assets...
-
In this products liability case, the plaintiff contends that she was badly burned by hot coffee purchased from the drive-through window of a fast food restaurant, when the coffee spilled on her after...
-
Conrad Schaneman was a Russian immigrant who could neither read nor write the English language. In 2006 Conrad deeded (conveyed) a farm he owned to his eldest son, Laurence, for $23,500, which was...
-
John Bunker has assets of $130,000 and liabilities of $185,000 owed to nine creditors. Nonetheless, his cash flow is positive, and he is making payment on all of his obligations as they become due....
-
In some speed ranges, vortices are shed from the rear of bluff cylinders placed across a flow. The vortices alternately leave the top and bottom of the cylinder, as shown, causing an alternating...
-
On a cruise ship, passengers complain about the amount of smoke that becomes entrained behind the cylindrical smoke stack. You have been hired to study the flow pattern around the stack, and have...
-
A 1:8 scale model of a tractor-trailer rig is tested in a pressurized wind tunnel. The rig width, height, and length are \(W=0.305 \mathrm{~m}\), \(H=0.476 \mathrm{~m}\), and \(L=2.48 \mathrm{~m}\),...
Study smarter with the SolutionInn App