Refer to the information provided in Figure 15.3 below to answer the question(s) that follow.
Figure 15.3 Refer to Figure 15.3. Gwen's Country Curtains is currently manufacturing and selling 1,000 pairs of curtains per month. The ________ for this company is $80,000.
A. fixed cost
B. profit
C. total cost
D. total revenue
Answer: D
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An increase in Meta's wealth from $3,000 to $6,000 raises her utility from 80 units to 100 units. If she is risk averse, with a wealth of $9,000 her utility might be
A) 99 units. B) 114 units. C) 120 units. D) 126 units.
From which country came the fewest immigrants during the large wave of immigrants who arrived in the U.S. in the 1840s and 1850s?
a. England b. Germany c. Ireland d. Spain
When payroll taxes are raised, the firm's marginal cost curve shifts
A. Upward, and supply increases. B. Upward, and supply decreases. C. Downward, and supply increases. D. Downward, and supply decreases.
If there is no revenue from money growth, then the government's budget constraint without borrowing is:
a. Gt + Vt = Tt. b. Gt = Vt - Tt c. Gt = Vt + Tt. d. all of the above.