23) Adam spent $10,000 on new equipment for his small business, “Adam’s Fitness Studio.” Membership at...
23) Adam spent $10,000 on new equipment for his small business, “Adam’s Fitness Studio.” Membership at his fitness center is very low and at this rate, Adam needs an additional $12,000 per year to keep his studio open. Which of the following is true? a. The variable cost of running the studio is $22,000. b. The fixed cost of running the studio is $22,000. c. The $10,000 Adam spent on equipment is the total cost of starting the business and the $12,000 he’ll need to continue operations is a marginal cost. d. The $10,000 Adam spent on equipment is a fixed cost of business and the $12,000 he’ll need to continue operations is a variable cost.
Homework Answers
"D"
The fitness equipment that Adam brought was the fixed cost of the firm but the additional $12,000 will be variable cost if the firm is not able to cover the variable cost then they will have to shutdown.
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23) Adam spent $10,000 on new equipment for his small business,
“Adam’s Fitness Studio.” Membership at...
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Cost, revenue and profit functions may take parabolic forms. In many business and economics applications, our most important goal is to maximize revenue, profit or minimize cost. We may be able to find the price or t and minimizes cost by using quadratic formula and vertex formula. he quantity of goods and maximizes profit, revenue services that The goal of this project is to enhance the understanding quadratic functions and how to find the Question 1: If you have the...
help
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He’s thinking of opening another store. Your firm has analysed the
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