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

Author Question: Adam spent 10,000 on new equipment for his small business, Adam's Fitness Studio. Membership at his ... (Read 191 times)

folubunmi

  • Hero Member
  • *****
  • Posts: 524
on: Jun 29, 2018
Adam spent 10,000 on new equipment for his small business, Adam's Fitness Studio. Membership at his fitness center is very low and at this rate, Adam needs an additional 12,000 per year to keep his studio open. Which of the following is true
 
  A) The fixed cost of running the studio is 22,000.
  B) The 10,000 Adam spent on equipment is the total cost of starting the business and the 12,000 he'll need to continue operations is a marginal cost.
  C) The variable cost of running the studio is 22,000.
  D) The 10,000 Adam spent on equipment is a fixed cost of business and the 12,000 he'll need to continue operations is a variable cost.

Question 2

In the short run, if price falls below a firm's minimum average total cost, the firm should shut down.
 
  Indicate whether the statement is true or false
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

shayla

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 29, 2018
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 25% of students answer this correctly


folubunmi

  • Member
  • Posts: 524
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

irishcancer18

  • Member
  • Posts: 310
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

The alimentary canals of a nonruminant herbivore and a small carnivore. The alimentary canals of a nonruminant herbivore and a small carnivore.
An inguinal hernia. A portion of the small intestine is protruding through the abdominal muscles int An inguinal hernia. A portion of the small intestine is protruding through the abdominal muscles int
Students rated their grandparents on a scale from 1 to 4 based on emotional closeness, time spent ... Students rated their grandparents on a scale from 1 to 4 based on emotional closeness, time spent ...
Sports and Fitness Timeline Sports and Fitness Timeline
Using small, circular strokes, exfoliate the client’s neck and back. Using small, circular strokes, exfoliate the client’s neck and back.
A very small sampling of organisms in an arctic food web on land. A very small sampling of organisms in an arctic food web on land.
Video: Skin Cancer

For a complete list of videos, visit our video library