Cash Flow

If a company sells 400 units of their product at an average price of $15 per unit, what is their total revenue?

• $6,000
• $4,500
• $4,000
• $7,500

A firm produces 500 units at a total cost of $2,000. What is their average total cost of production?

• $4 per unit
• $5 per unit
• $3 per unit
• $2 per unit

The price of a product is $10, and the average total cost is $7. If the company produces and sells 25 units of the product, then what is their economic profit?

• $2,500
• $175
• $75
• $750

The total cost for a company is $50. If the total variable cost is $20, then what is the total fixed cost for the company?

• $20
• $30
• $40
• $10

When a company increases production from 4 to 7 units, total revenue increases from $240 to $360. What is the marginal revenue (MR) of the last unit sold?

• $30
• $40
• $51.50
• $60.25

If a company earns $200 in total revenue when they produce 40 units, and they earn $40 in economic profit, then what is the company's average total cost per unit of production?

• $4
• $5
• $10
• $40

Apple's 2016 revenue was $214.23 billion, and their net income (profit) was $45.69 billion. What was Apples total cost in 2016?

• $168.54 billion
• $157.24 billion
• $172.53 billion
• $161.51 billion

A company hires 3 workers for a day for $250 each, spends $400 on materials for the day, and pays a fixed daily rent of $100. What is the company's total cost for this day of operations?

• $1,250
• $750
• $1,000
• $1,150

When a company produces one extra unit, their total cost increases from $7,500 to $8,000. What is the marginal cost of producing that extra unit?

• $500
• $8,000
• $7,500
• $250

When a company spends $200 total on production. If they earn $500 in total revenue at a price of $50 per unit, then what is the company's average total cost of production for each unit?

• $20
• $50
• $30
• $10