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Author Question: Suppose that a small business takes in monthly revenue of 100,000 . Labor, rental, energy, and other ... (Read 52 times)

serike

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on: Jun 30, 2018
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


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Loise Hard

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

d


serike

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Reply 2 on: Jun 30, 2018
Wow, this really help

ashely1112

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Reply 3 on: Yesterday
:D TYSM

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