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. total revenue
B. fixed cost
C. profit
D. total cost


Answer: A

Economics

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The self-correcting tendency of the economy means that rising inflation eventually eliminates:

A. unemployment. B. exogenous spending. C. recessionary gaps. D. expansionary gaps.

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"Crowding in" refers to federal government deficits:

a. used for public infrastructure that will offset any decline in business investment. b. which reduce private business and consumption spending. c. which reduce future rates of economic growth. d. all of these.

Economics

Exhibit 19-5 Balance sheet of Tucker National Bank Assets Liabilities Required reserves$              Checkable deposits$100,000 Excess reserves5,000   Loans    70,000                  Total$100,000 Total$100,000 If all banks in the system shown in Exhibit 19-5 were identical to Tucker National Bank, the money multiplier for the system would be:

A. 4. B. 5. C. 10. D. 25.

Economics

Monopoly power ________ guarantee a profit for a producer because ________ may be too low for the product.

Fill in the blank(s) with the appropriate word(s).

Economics