This week, XYZ company made 891 chairs and sold them at a price of $89 per chair. Calculate XYZ's total revenue for this week. Submit your answers as whole numbers.
total revenue: $
If the explicit cost of producing each chair is $21 and the implicit cost is $17, then what is XYZ company's total opportunity cost for producing 891 chairs?
total opportunity cost: $
Calculate XYZ company's economic profit for this week.
economic profit: $
St
This week,XYZ company made 891 chairs and sold them at a price of$89 per chair. Calculate XYZ's total revenue for this week.Submit your answers as whole numbers.
total revenue:$
If the explicit cost of producing each chair is $21 and the implicit cost is$17,then what is XYZ company's total opportunity cost for producing 891 chairs?
total opportunity cost:$
Calculate XYZ company's economic profit for this week.
economic profit:$