This topic contains a solution. Click here to go to the answer

Author Question: Suppose that a small business takes in monthly revenue of 100,000 . Labor, rental, energy, and other ... (Read 72 times)

serike

  • Hero Member
  • *****
  • Posts: 542
Suppose that a small business takes in monthly revenue of 100,000 . Labor, rental, energy, and other purchased input costs are 70,000 . The owner/entrepreneur could earn 5,000 per month in another job, and the owner/entrepreneur could get a return of 5,000 each month if she sold her business and invested the net proceeds in a financial asset, such as a treasury bond. Which of the following correctly describes her monthly economic profit?
 a. 100,000.
  b. 90,000.
  c. 70,000.
  d. 30,000.
  e. 20,000.

Question 2

Identify an example of a flow variable.
 a. The volume of the federal government's debt
 b. The population of a country in a particular year
 c. The total amount of an individual's wealth
 d. The amount of sales tax collected per year
 e. The total amount of unemployment in an economy



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Loise Hard

  • Sr. Member
  • ****
  • Posts: 340
Answer to Question 1

c

Answer to Question 2

d




serike

  • Member
  • Posts: 542
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


DylanD1323

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

For a complete list of videos, visit our video library