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Author Question: Sue owns a baking company. The company's total revenue for a month is 4000. The monthly costs of ... (Read 360 times)

karateprodigy

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on: Jun 29, 2018
Sue owns a baking company. The company's total revenue for a month is 4000. The monthly costs of resources bought in the market and of resources owned by the firm are 2000 and monthly costs of resources supplied by the owner are 1000.
 
  Sue's economic profit for the month is equal to A) 4000.
  B) 3000.
  C) 2000.
  D) 1000.

Question 2

An increase in the number of fast-food restaurants
 
  A) raises the price of fast-food meals.
  B) increases the demand for fast-food meals.
  C) increases the supply of fast-food meals.
  D) increases the demand for substitutes for fast-food meals.


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alvinum

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


karateprodigy

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Reply #2 on: Jun 29, 2018
Correct answers!


alvinum

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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