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Author Question: Dana spends $10,000 on remodeling a storefront that she then opens as a shoe store. The business has ... (Read 156 times)

pepyto

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Dana spends $10,000 on remodeling a storefront that she then opens as a shoe store. The business has not been very successful, and she needs an additional $3,000 to keep the shoe store open. Which of the following is 
true?


◦ The $10,000 Dana spent on remodeling represents a part of the total variable cost of her business.
◦ The $3,000 represents her marginal costs of production.
◦ The $10,000 Dana spent on remodeling is a fixed cost of her business.
◦ The $3,000 Dana needs to keep the deli open represents her total fixed costs.


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Marked as best answer by pepyto on Apr 19, 2019

abctaiwan

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pepyto

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)


rachel

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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