If a fishing boat owner brings 10,000 fish to market and the market price is $7 per fish, she will have $70,000 in total revenue. If the average variable cost of 10,000 fish is $4 and the fixed cost of the boat is $20,000 . what is her profit?

A perfectly competitive firm is maximizing profits in the short run. This implies that the firm is earning the most economic profits possible, which

A) must be positive. B) must be either zero or positive. C) can be positive, negative, or zero. D) exist at the point at which price equals total cost.

A . Phil is considering selling his dairy. If his dairy generates an annual income of $50,00 . and if the rate of interest is 5 percent, what is the present value of his dairy? b. If the interest rate rises to 7 percent, would he raise or lower his asking price? Explain