Business, 28.11.2019 03:31, Savagepanda911

The city of new orleans has 200 advertising companies, 199 of which employ designers of normal ability at a salary of $100,000 a year. the firms that employ designers of normal ability each collect $500,000 in revenue a year, which is just enough to ensure that each earns exactly a normal profit. however, the 200th company employs janus jacobs, an unusually talented designer. because of jacobs's talent, this company collects $700,000 in revenue a year.
a. how much will jacobs earn?
what proportion of his annual salary will be economic rent?
b. will the advertising company for which jacobs works be able to earn an economic profit?

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 22:30, izzybellee20004

Before contacting the news or print media about your business, what must you come up with first ? a. a media expertb. a big budgetc. a track recordd. a story angle

Answers: 1

continue

Business, 22.06.2019 00:00, josiesolomonn1605

Which statement about the cost of the options is true? she would save $1,000 by choosing option b. she would save $5,650 by choosing option a. she would save $11,200 by choosing option b. she would save $11,300 by choosing option a.

Answers: 2

continue

Business, 22.06.2019 09:00, flore7488

Your grandmother told you a dollar doesn't go as far as it used to. she says the purchasing power of a dollar is much lesser than it used to be. explain what she means. try and use and explain terms like inflation and deflation in your answer.

Answers: 1

continue

Business, 22.06.2019 17:50, nayelieangueira

What additional information about the numbers used to compute this ratio might be useful in you assess liquidity? (select all that apply) (a) the maturity schedule of current liabilities (b) the average stock price for the industry (c) the average current ratio for the industry (d) the amount of current assets that is concentrated in relatively illiquid inventories

Answers: 3

continue

Do you know the correct answer?

The city of new orleans has 200 advertising companies, 199 of which employ designers of normal abili...