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

Author Question: Refer to Scenario 9.1 below to answer the question(s) that follow. SCENARIO 9.1: Amy borrowed ... (Read 444 times)

dakota nelson

  • Hero Member
  • *****
  • Posts: 604
on: Apr 19, 2019

Question 1

In the short run


◦ all firms that earn a loss will shut down.
◦ if current firms are earning a profit, new firms will enter the industry.
◦ firms act to minimize losses or maximize profits.
◦ All of these are correct.

Question 2

Refer to Scenario 9.1 below to answer the question(s) that follow. 


SCENARIO 9.1: Amy borrowed $20,000 from her parents to open a bagel shop. She pays her parents a 5% yearly return on the money they lent her. Her other yearly fixed costs equal $9,000. Her variable costs equal $30,000. In her first year, Amy sold 40,000 dozen at a price of $1.50 per dozen. 





Refer to Scenario 9.1. Amy's total fixed costs equal


◦ $1,000.
◦ $9,000.
◦ $10,000.
◦ $21,000.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by dakota nelson on Apr 19, 2019

trog

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 49% of students answer this correctly


dakota nelson

  • Hero Member
  • *****
  • Posts: 604
Reply #2 on: Apr 19, 2019
Thanks


trog

  • Sr. Member
  • ****
  • Posts: 343
Reply #3 on: Apr 19, 2019
Welcome :)


« previous next »
 

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Follow the on-screen instructions. Follow the on-screen instructions.
How to set up and solve linear models (Question 1) How to set up and solve linear models (Question 1)
Calculus homework question help!! Calculus homework question help!!
economic question economic question
economic question economic question
economic question (having trouble) economic question (having trouble)
Video: Transcription - Introns and exons

For a complete list of videos, visit our video library