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Author Question: Refer to Scenario 9.9 below to answer the question(s) that follow. SCENARIO 9.9: Sponsors invest ... (Read 35 times)

mp14

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on: Apr 19, 2019

Refer to Scenario 9.9 below to answer the question(s) that follow. 


SCENARIO 9.9: Sponsors invest $250,000 in a new greeting card business on the promise that they will earn a return of 10% per year on their investment. The business sells 52,000 greeting cards per year. The fixed costs for the business include the return to investors and $79,000 in other fixed costs. Variable costs consist of wages ($1,000 per week) plus materials, electricity, etc. ($3,000 per week). The business is open 52 weeks per year.





Refer to Scenario 9.9. The profit for the business is ________ when the average price per greeting card is $7.50.


◦ $78,000
◦ $182,000
◦ $286,000
◦ $311,000
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by mp14 on Apr 19, 2019

jojobee318

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Reply #1 on: Apr 19, 2019
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mp14

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Reply #2 on: Apr 19, 2019
TY


jojobee318

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Reply #3 on: Apr 19, 2019
You're welcome


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