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Author Question: A firm sells 30 units of its product at a price of 5 per unit. It incurs a fixed cost of 100 and a ... (Read 180 times)

yoroshambo

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on: Jun 29, 2018
A firm sells 30 units of its product at a price of 5 per unit. It incurs a fixed cost of 100 and a variable cost of 20. The firm's profit is:
 
  A) 30.
  B) 50.
  C) 100.
  D) 150.

Question 2

According to the economic way of thinking, money is defined as
 
  A) anything backed by gold.
  B) anything backed by some other commodity.
  C) anything used as a general medium of exchange.
  D) anything the government declares to be legal tender.


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mariahkathleeen

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

A

Answer to Question 2

C


yoroshambo

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Reply 2 on: Jun 29, 2018
Excellent

matt95

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

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