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 190 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
Excellent

shailee

  • Member
  • Posts: 392
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

The African Pygmy Goose (Nettapus auritus) is a very small perching duck from sub-Saharan Africa. The African Pygmy Goose (Nettapus auritus) is a very small perching duck from sub-Saharan Africa.
That politics was always a rough business is shown in this cartoon, which shows Lincoln, assisted by That politics was always a rough business is shown in this cartoon, which shows Lincoln, assisted by
Progression Graph: Fitness Plan Progression Graph: Fitness Plan
Small Town USA: Struggling to Survive Small Town USA: Struggling to Survive
Small Town USA: Struggling to Survive Small Town USA: Struggling to Survive
Time spent on, paid work and housework, by living arrangements of Canadian Time spent on, paid work and housework, by living arrangements of Canadian
Video: Bone Healing Animation

For a complete list of videos, visit our video library