--%>
Assignment Help - homework help

Positive economic loss

Can someone help me in finding out the right answer from the given options. Sara left her high strain job at hospital as the neurosurgeon making $250,000 yearly to launch ‘Flowers-to-Go’, a new firm. Sara still feels similar quantity of stress; therefore she recently hired an accountant to keep all the books. At the end of first six months of business, the shop’s net sales revenue is $25,000 and net explicit costs are $15,000. ‘Flowers-to-Go’ has produced a: (1) Positive economic gain. (2) Positive economic loss. (3) Total accounting loss. (4) Total accounting profit of $20,000 for year.

   Related Questions in Microeconomics

  • Q : Changes in price influencing supply

    Describe how changes in the prices of other products influence the supply of a specific product.

    		•
  • Q : Monopolistic competition in the long

    This figure demonstrates a: (w) long run equilibrium for a firm in a perfectly competitive industry. (x) short run equilibrium for a natural monopoly. (y) short run circumstances for a monopolistically-competitive firm into long run equilibrium. (z) cartel which maxim

    		•
  • Q : Utilitarianism-Peoples happiness The

    The social goal of providing the biggest happiness to the most people is intent to practice the: (i) Precautionary discretion. (ii) Classical theory. (iii) Utilitarianism. (iv) Speculative balances. (v) Arbitrage. Can someone pleas

    		•
  • Q : Profit-maximizing level of output When

    When LoCalLoCarbo, the favorite corporation of fad dieters, produces adequate output to minimize its average total costs that will: (1) produce more than the profit-maximizing level of output. (2) concurrently minimize its average variable cost. (3) p

    		•
  • Q : Perspective of Sociologists and

    Far more than economists and sociologists tend to emphasize human needs for power, status, and class. Research which supports the perspective of sociologists comprises findings that: (1) people whose incomes are the average of per capita world income

    		•
  • Q : Estimate price by price elasticity of

    At the point on the demand curve for RoboMaids where the price elasticity of demand is unitary, the price would be roughly: (i) $10,000, resulting in sales of roughly 16,000 robots monthly. (ii) $13,000, resulting in sales of approxim

    		•
  • Q : Hike within the minimum legal wage

    Labor market advises that a hike within the minimum legal wage from $5 per hour to $8 per hour will decrease: (1) the crime rate by 3,000. (2) national unemployment rates. (3) employment among unskilled workers by approximately 1,500 positions. (4) th

    		•
  • Q : Monopsonistic exploitation of many

    NCAA rules the forbidding standard employment negotiations among colleges and amateur athletes tend to outcome in: (i) Monopsonistic exploitation of numerous athletes. (ii) Incentives for the collusion among individual college coaches and individual owners of the prof

    		•
  • Q : Problem on labor monopsonist Can

    Can someone please help me in finding out the accurate answer from the following question. The labor monopsonist will hire labor up to the point where marginal: (i) Revenue product of the labor equivalents the wage. (ii) Resource c

    		•
  • Q : Demand curve for Complementary Goods

    The ban on assault weapons enacted in the year 1994 lapsed in the year 2004. Prices for assault weapons fell in year 2004 since the only way to get such guns throughout the ban was via the black market. This modify in the law in year 2004 is most probable to shift the

    		•