Barbara owns a small shop where dresses are made. At the end of a given month, she has 250 dresses. Her expenses for the month are $1,000 for rent, $6,000 for wages, $1,500 for fabric and thread, and $500 for electricity. Her total variable costs for the month are:
a. c and e.
b. $4,000.
c. $32 per dress.
d. $7,500.
e. $8,000.
e
You might also like to view...
If reserves increase by $7 million and the required reserve ratio is 12%, what is the resulting change in checkable deposits (or the money supply), assuming that there are no cash leakages and that banks hold zero excess reserves?
A) $0.84 million B) $7.95 million C) $5.83 million D) $58.33 million
Which of the following transactions would be recorded if using the accrual basis of accounting but not if using the cash basis of? accounting?
A. Purchasing inventory on account B. Collecting customer payments C. Paying off loans D. Borrowing money
The curve labeled A in the above figure is
A) a short-run aggregate supply curve. B) an aggregate demand curve. C) a long-run aggregate supply curve. D) a production possibilities curve.
Kate and Alice are small-town ready-mix concrete duopolists. The market demand function is Qd = 20,000 - 200P where P is the price of a cubic yard of concrete and Qd is the number of cubic yards demanded per year. Marginal cost is $80 per cubic yard. Suppose Kate enters the market first and chooses her output before Alice. What is the difference in Kate's profit when she enters the market first compared to when Kate and Alice choose their outputs simultaneously?
A. When Kate enters the market first, her profit is $13,333.33 higher. B. When Kate enters the market first, her profit is $5,000 higher. C. When Kate enters the market first, her profit is $1,111.11 higher. D. When Kate enters the market first, her profit is $3,888.89 lower.