Commercial Real Estate includes all of the following EXCEPT:
a. Office buildings for sale
b. apartments for rent
c. retail space for lease
d. fast-food restaurants for lease
Answer: b. apartments for rent
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A $100 bill is a
A) commodity money. B) fiat money. C) representative commodity money. D) partially representative commodity money.
Oil found in Alaska is an example of
A) physical capital. B) land or natural resource. C) human capital. D) labor.
As table manufacturing company produces more tables, the average total cost of each table produced increases. This is because:
a. Total fixed costs are decreasing as more tables are produced b. There is economies of scale c. There is diseconomies of scale d. Total variable cost is decreasing as more clubs are produced.
Suppose Sam's Shoe Co. makes only one kind of shoe, which sells for $50 a pair. If they sold 500,000 pairs of shoes, then their total revenue would be:
A. $2,500,000. B. $10,000. C. $25,000,000. D. Cannot answer this question without knowing the cost per pair.