Author Question: Cassie produces and sells 400 jars of homemade jelly each month for 3 each. Each month, she pays 200 ... (Read 48 times)

123654777 · **on:** Jun 30, 2018

Cassie produces and sells 400 jars of homemade jelly each month for 3 each. Each month, she pays 200 for jars, 150 for ingredients, and uses her own time, with an opportunity cost of 300 . Her economic profits each month are:
a. 550.
b. 700.
c. 850.
d. 900.

Question 2

Which of the following is sometimes used as a synonym to describe a bond?
a. Stock
b. Fixed-income security
c. Capital asset
d. Retained earning
e. Depreciation