This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A firm sells 30 units of its product at a price of 5 per unit. It incurs a fixed cost of 100 and a ... (Read 193 times)

yoroshambo

  • Hero Member
  • *****
  • Posts: 566
on: Jun 29, 2018
A firm sells 30 units of its product at a price of 5 per unit. It incurs a fixed cost of 100 and a variable cost of 20. The firm's profit is:
 
  A) 30.
  B) 50.
  C) 100.
  D) 150.

Question 2

According to the economic way of thinking, money is defined as
 
  A) anything backed by gold.
  B) anything backed by some other commodity.
  C) anything used as a general medium of exchange.
  D) anything the government declares to be legal tender.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mariahkathleeen

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


yoroshambo

  • Member
  • Posts: 566
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

okolip

  • Member
  • Posts: 362
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Choose the telephone unit that offers the features needed in your office. Choose the telephone unit that offers the features needed in your office.
Abdominal thrusts are delivered with a firm thrust into the patient’s abdomen with an upward ... Abdominal thrusts are delivered with a firm thrust into the patient’s abdomen with an upward ...
Ginkgo Biloba label. The label indicates the product is standardized to percentages of the two ... Ginkgo Biloba label. The label indicates the product is standardized to percentages of the two ...
Product & Process Influences - Sterile Products Product & Process Influences - Sterile Products
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
Cost Accounting 14 Cost Accounting 14
Video: Functional zones in a mitochondrion

For a complete list of videos, visit our video library