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Social Science Clinic => Economics => Topic started by: rachel9 on Apr 19, 2019

Title: Refer to Scenario 9.6 below to answer the question(s) that follow. SCENARIO 9.6: Celeste borrowed ...
Post by: rachel9 on Apr 19, 2019

Question 1

Refer to Scenario 9.6 below to answer the question(s) that follow. 



SCENARIO 9.6: Celeste borrowed $40,000 from her brother to open a car wash. She pays her brother a 5% yearly return on the money he lent her. Her other yearly fixed costs equal $18,000. Her variable costs equal $40,000. In her first year, Amy sold 40,000 car washes at a price of $2.50 per car wash.





Refer to Scenario 9.6. Celeste's total revenue is

◦ $2,000.
◦ $44,000.
◦ $60,000.
◦ $100,000.

Question 2

Refer to Scenario 9.6 below to answer the question(s) that follow. 



SCENARIO 9.6: Celeste borrowed $40,000 from her brother to open a car wash. She pays her brother a 5% yearly return on the money he lent her. Her other yearly fixed costs equal $18,000. Her variable costs equal $40,000. In her first year, Amy sold 40,000 car washes at a price of $2.50 per car wash.





Refer to Scenario 9.6. Celeste's profit is

◦ $0.
◦ $20,000.
◦ $30,000.
◦ $40,000.

Title: Refer to Scenario 9.6 below to answer the question(s) that follow. SCENARIO 9.6: Celeste borrowed ...
Post by: tandmlomax84 on Apr 19, 2019

Answer 1

$100,000.

Answer 2

$40,000.

Title: Re: Refer to Scenario 9.6 below to answer the question(s) that follow. SCENARIO 9.6: Celeste borrowe
Post by: Dylan Tice on Jul 3, 2020

Thank you