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Author Question: Refer to Scenario 9.1 below to answer the question(s) that follow. SCENARIO 9.1: Amy borrowed ... (Read 451 times)

dakota nelson

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on: Apr 19, 2019

Question 1

In the short run


◦ all firms that earn a loss will shut down.
◦ if current firms are earning a profit, new firms will enter the industry.
◦ firms act to minimize losses or maximize profits.
◦ All of these are correct.

Question 2

Refer to Scenario 9.1 below to answer the question(s) that follow. 


SCENARIO 9.1: Amy borrowed $20,000 from her parents to open a bagel shop. She pays her parents a 5% yearly return on the money they lent her. Her other yearly fixed costs equal $9,000. Her variable costs equal $30,000. In her first year, Amy sold 40,000 dozen at a price of $1.50 per dozen. 





Refer to Scenario 9.1. Amy's total fixed costs equal


◦ $1,000.
◦ $9,000.
◦ $10,000.
◦ $21,000.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by dakota nelson on Apr 19, 2019

trog

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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dakota nelson

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Reply #2 on: Apr 19, 2019
Thanks


trog

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Reply #3 on: Apr 19, 2019
Welcome :)


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