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Author Question: A business owner makes 100 . items a day. Each day he/she contributes 8 hours to produce those ... (Read 50 times)

nelaaney

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  • Posts: 560
on: Jul 1, 2018
A business owner makes 100 . items a day. Each day he/she contributes 8 hours to produce those items. If hired, elsewhere he/she could have earned 250 an hour. The item sells for 15 each. Production does not stop during weekends. If the explicit costs total 150,00 . for 30 days, the economic profit for the month equals:
 a. 300,000
  b. 60,000
  c. 450,000
  d. 240,000

Question 2

In the market for Canadian dollars measured in US dollars, if the price of a US dollar is 1.10 Canadian dollars, a Canadian dollar is
 a. 1.10 US dollars
  b. 1 US dollar
 c. 0.91 cents US
 d. 0.99 cents US


cclemon1

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Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

c


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