In 2011, britney taught music and earned $20,000. she also earned $4,000 by renting out her basement. on january 1, 2012, she quit teaching, stopped renting out her basement, and began to use it as the office for her new website design business. during 2012, she paid $1,500 for the lease of a web server and $1,750 for high-speed internet service. she received a total revenue from web site designing of $45,000. normal profit (usual return of such an entrepreneur) is $25,000 a year. calculate britney's explicit costs, implicit costs, opportunity cost and economic profit in 2012. did britney operate her business at a profit or loss in 2012 (from economic viewpoint)? explain.

The chromosome manufacturing company produces two products, x and y. the company president, jean mutation, is concerned about the fierce competition in the market for product x. she notes that competitors are selling x for a price well below chromosome's price of $13.50. at the same time, she notes that competitors are pricing product y almost twice as high as chromosome's price of $12.50.ms. mutation has obtained the following data for a recent time period: product x product y number of units 11,000 3,000 direct materials cost per unit $3.23 $3.09 direct labor cost per unit $2.22 $2.10 direct labor hours 10,000 3,500 machine hours 2,100 1,800 inspection hours 80 100 purchase orders 10 30ms. mutation has learned that overhead costs are assigned to products on the basis of direct labor hours. the overhead costs for this time period consisted of the following items: overhead cost item amount inspection costs $16,200 purchasing costs 8,000 machine costs 49,000 total $73,200using direct labor hours to allocate overhead costs determine the gross margin per unit for product x. choose the best answer from the list below.a. $1.93b. $3.12c. $7.38d. $2.43e. $1.73using activity-based costing for overhead allocation, determine the gross margin per unit for product y. choose best answer from list below.a. $10.07b. ($2.27)c. ($5.23)d. ($7.02)e. $7.02