Refer to Scenario 9.2 below to answer the question(s) that follow. SCENARIO 9.2: Tom borrowed $40,000 from his parents to open a donut stand. He agrees to pay his parents a 5% yearly return on the money they lent him. His other yearly fixed costs equal $10,000. His variable costs equal $25,000. He sold 40,000 dozen donuts during the year at a price of $2.00 per dozen.Refer to Scenario 9.2. Tom's total costs equal
A. $37,000.
B. $40,000.
C. $50,000.
D. $59,000.
Answer: A
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A) current account. B) capital account. C) labor account. D) official reserve transactions account.
Which of the following is true regarding government expenditures in the United States?
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Which of the following characteristics is generally representative of developing counties relative to developed countries?
A. a lower infant mortality rate B. a higher rate of literacy C. lower productivity in the agricultural sector D. a larger percentage of the labor force in urban areas
In a binding situation, there is ________ crowding out of planned investment when net taxes decrease.
A. partial B. complete C. no D. negative