ECON 2000 : Exam 2 Review 2
Document Summary
A corn producer produces 80 bushels of corn and sells each bushel at . The cost of producing each unit bushel is . The building"s value in each use is ,000; ,000; ,000; and ,000, respectively. Scenario 7. 1: you own and are the only employee of a company that writes computer software that gamblers use to collect sports data. Your costs for equipment, rent, and supplies were ,000. To start this business you invested an amount of your own capital that could pay you a ,000 a year return: refer to scenario 7. 1. Your economic profit last year was: -,000, -,000, sh, ,000. Scenario 7. 2: you own and are the only employee of a company that sets odds for sporting events. To start this business you invested an amount of your own capital that could pay you a. ,000 a year return: refer to scenario 7. 2.
