Flora's Flower Shop bought a new van for $23,000. Today, the market price of this van is $11,000. The economic depreciation of the van is ________
A) $23,000
B) $12,000
C) $11,000
D) $34,000
B
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It is easy to manage cartels in an industry that produces seasonal goods
a. True b. False Indicate whether the statement is true or false
If an economy consumes 75 percent of any increase in disposable income, then an increase in autonomous investment of $1 billion could result in an increase in total spending of as much as
A) $1.0 billion.. B) $4.0 billion. C) $5.0 billion. D) $1.8 billion. E) $6.0 billion.
If total production (TP) is less than total expenditures (TE), it follows that
A) optimum inventory levels fall. B) firms have underproduced. C) firms increase the quantity of goods they produce. D) b and c E) a, b, and c
If a monopolistically competitive firm is making positive economic profits, we would expect
A. entry of other firms. B. the firm to continue making the positive economic profits. C. the firm to hire more labor. D. the firm to expand market share and the industry to move toward an oligopoly structure.