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Author Question: James used 200,000 from his savings account that paid an annual interest of 10 to purchase a ... (Read 59 times)

Lisaclaire

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on: Jul 1, 2018
James used 200,000 from his savings account that paid an annual interest of 10 to purchase a hardware store. After one year, James sold the business for 300,000 . His economic profit is:
 a. 300,000
 b. 100,000
 c. 80,000
 d. 20,000

Question 2

You own two different energy drink brands: Blue Cow and 600 minute energy.. If you reduce the price on Blue Cow, sales of 600 minute energy would
 a. Increase
 b. Decrease
 c. Not change
 d. None of the above


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mochi09

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Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

b


Lisaclaire

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

anyusername12131

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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