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Author Question: Adam spent 10,000 on new equipment for his small business, Adam's Fitness Studio. Membership at his ... (Read 215 times)

folubunmi

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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
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shayla

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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.
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folubunmi

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

coreycathey

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Reply 3 on: Yesterday
:D TYSM

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