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

Title: Refer to Scenario 7.5 below to answer the question(s) that follow. SCENARIO 7.5: You own and are the ...
Post by: ssal on Apr 19, 2019

Question 1

Refer to Scenario 7.5 below to answer the question(s) that follow.



SCENARIO 7.5: You own and are the only employee of a company that customizes bicycles. Last year your total revenue was $60,000. Your costs for rent and supplies were $25,000. To start this business you invested an amount of your own capital that could pay you a $45,000 a year return.





Refer to Scenario 7.5. A yearly normal return for your company is


◦ $25,000.
◦ $35,000.
◦ $45,000.
◦ $70,000.

Question 2

Refer to Scenario 7.5 below to answer the question(s) that follow.



SCENARIO 7.5: You own and are the only employee of a company that customizes bicycles. Last year your total revenue was $60,000. Your costs for rent and supplies were $25,000. To start this business you invested an amount of your own capital that could pay you a $45,000 a year return.





Refer to Scenario 7.5. A yearly normal return for your company is


◦ $25,000.
◦ $35,000.
◦ $45,000.
◦ $70,000.
Title: Refer to Scenario 7.5 below to answer the question(s) that follow. SCENARIO 7.5: You own and are the ...
Post by: kmb352 on Apr 19, 2019

Answer 1

$45,000.

Answer 2

$45,000.
Title: Refer to Scenario 7.5 below to answer the question(s) that follow. SCENARIO 7.5: You own and are the ...
Post by: ssal on Apr 19, 2019
Thank you!
Title: Refer to Scenario 7.5 below to answer the question(s) that follow. SCENARIO 7.5: You own and are the ...
Post by: kmb352 on Apr 19, 2019
Always glad to help...
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