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Social Science Clinic => Economics => Topic started by: khang 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: khang 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 fixed costs equal


◦ $2,000.
◦ $18,000.
◦ $20,000.
◦ $22,000.

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 total costs equal


◦ $20,000.
◦ $40,000.
◦ $60,000.
◦ $100,000.
Title: Refer to Scenario 9.6 below to answer the question(s) that follow. SCENARIO 9.6: Celeste borrowed ...
Post by: Missbam101 on Apr 19, 2019

Answer 1

$20,000.

Answer 2

$60,000.
Title: Refer to Scenario 9.6 below to answer the question(s) that follow. SCENARIO 9.6: Celeste borrowed ...
Post by: khang on Apr 19, 2019
Excellent
Title: Refer to Scenario 9.6 below to answer the question(s) that follow. SCENARIO 9.6: Celeste borrowed ...
Post by: Missbam101 on Apr 19, 2019
Great! Please up vote :D
Title: Re: Refer to Scenario 9.6 below to answer the question(s) that follow. SCENARIO 9.6: Celeste borrowe
Post by: Michael J Kroll on Feb 29, 2020
thank you!
Title: Re: Refer to Scenario 9.6 below to answer the question(s) that follow. SCENARIO 9.6: Celeste borrowe
Post by: Richard Pansire on Mar 28, 2020
Thank You
Title: Re: Refer to Scenario 9.6 below to answer the question(s) that follow. SCENARIO 9.6: Celeste borrowe
Post by: Haruka Yui on Apr 18, 2020
Thank you
Title: Re: Refer to Scenario 9.6 below to answer the question(s) that follow. SCENARIO 9.6: Celeste borrowe
Post by: Qing Zhang on Jun 18, 2020
thank you
Title: Re: Refer to Scenario 9.6 below to answer the question(s) that follow. SCENARIO 9.6: Celeste borrowe
Post by: Kirsten Linkenmeyer on Jun 28, 2020
thank you!
Title: Re: Refer to Scenario 9.6 below to answer the question(s) that follow. SCENARIO 9.6: Celeste borrowe
Post by: Melanie Nolan on Jan 13, 2021
Thank you
Title: Re: Refer to Scenario 9.6 below to answer the question(s) that follow. SCENARIO 9.6: Celeste borrowe
Post by: Jason Watson on Jun 28, 2021
Thank you!
Title: Re: Refer to Scenario 9.6 below to answer the question(s) that follow. SCENARIO 9.6: Celeste borrowe
Post by: pdaniels26 on Oct 24, 2021
Thank you!
Title: Re: Refer to Scenario 9.6 below to answer the question(s) that follow. SCENARIO 9.6: Celeste borrowe
Post by: elie daccache on Jul 14, 2022
Thank you