1.
1) Refer to Table A. The accounting costs for this firm are
A) $54,450
B) $49,950
C) $36,000
D) $22,050
E) $18,450
F) $17,550
G) $13,950
H) $4,500
I) $0
2) Refer to Table A. The accounting profits for this firm are
A) $54,450
B) $49,950
C) $36,000
D) $22,050
E) $18,450
F) $17,550
G) $13,950
H) $4,500
I) $0
3) Refer to Table A. The implicit costs for this firm are
A) $54,450
B) $49,950
C) $36,000
D) $22,050
E) $18,450
F) $17,550
G) $13,950
H) $4,500
I) $0
4) Refer to Table A. The economic profits for this firm are
A) $54,450
B) $49,950
C) $36,000
D) $22,050
E) $18,450
F) $17,550
G) $13,950

2.
H) $4,500
I) $0
1) Refer to Table A. The accounting costs for this firm are A) $54,450 B) $49,950 C) $36,000 D)
$22,050 E) $18,450 F) $17,550 G) $13,950 H) $4,500 I) $0 2) Refer to Table A. The accounting
profits for this firm are A) $54,450 B) $49,950 C) $36,000 D) $22,050 E) $18,450 F) $17,550 G)
$13,950 H) $4,500 I) $0 3) Refer to Table A. The implicit costs for this firm are A) $54,450 B)
$49,950 C) $36,000 D) $22,050 E) $18,450 F) $17,550 G) $13,950 H) $4,500 I) $0 4) Refer to
Table A. The economic profits for this firm are A) $54,450 B) $49,950 C) $36,000 D) $22,050
E) $18,450 F) $17,550 G) $13,950 H) $4,500 I) $0
Solution
1. 13,950
2. 22,050
3. 0
4. 18450