Refer to Scenario 9.6 below to answer the question(s) that follow. SCENARIO 9.6: Celeste borrowed $40,000 from her brother to open a car wash. She pays her brother a 5% yearly return on the money he lent her. Her other yearly fixed costs equal $18,000. Her variable costs equal $40,000. In her first year, Amy sold 40,000 car washes at a price of $2.50 per car wash.Refer to Scenario 9.6. Celeste's profit is
A. $0.
B. $20,000.
C. $30,000.
D. $40,000.
Answer: D
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A. market B. allocative C. rationing D. transitive
The Sierra Club's report (linked to in the Learning Area) highlights the positive effects of NAFTA on communities and the environment.
Answer the following statement(s) true (T) or false (F)
When we speak of the Fed's responsibility to supervise member banks, we are saying that the
A) Fed's advisory board will help member banks manage their assets and liabilities. B) Fed's Open Market Committee will advise member banks regarding the purchase and sale of government securities. C) Fed's Board of Governors will advise member banks regarding the appropriate interest rates to be charged on various loans. D) Fed will advise member banks regarding the nature of loans and compliance with regulations. E) Fed will advise member banks about the proper control of each individual bank's money supply.
Institutional constraints, such as immigration policies, affect the shape and location of the labor supply curve.
Answer the following statement true (T) or false (F)