Top Posters
Since Sunday
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
trancy trancy
wrote...
Go to Answer
Posts: 386
Rep: 0 0
6 years ago

Question 1.

If revenues are greater than total variable costs of production but less than total costs, a firm



▸ earns a profit.

▸ suffers a loss.

▸ breaks even.

▸ shuts down.

Question 2.

Tony's Taco Casa has total revenue of $12,500. It has total fixed costs of $2,400 and total variable costs of $4,600. Tony's Taco Casa's profit is



▸ $2,200.

▸ $5,500.

▸ $7,900.

▸ $10,100.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
Read 112 times
1 Reply
Replies
Answer verified by a subject expert
sadeensadeen
wrote...
#1
Posts: 409
Rep: 53 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

trancy Author
wrote...

6 years ago
this is exactly what I needed
bioc
wrote...

Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
rene_ram97
wrote...

2 hours ago
This site is awesome
New Topic      
Quick Reply
Bold
Italic
Underline
Strikethrough
Subscript
Superscript
Insert Math Equation
Font Name
Font Color
Align left
Center
Align right
Bullet list
Numbered list
Insert a horizontal rule
Insert a table
Insert a Quote
View source
Explore
Post your homework questions and get free online help from our incredible volunteers
  783 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Show Emoticons
:):(;):P:D:|:O:?:nerd:8o:glasses::-):-(:-*O:-D>:-D:o):idea::important::help::error::warning::favorite:
Related Images
  
 367
  
 270
  
 5049
Your Opinion
Who's your favorite biologist?
Votes: 722
Previous poll results: What's your favorite coffee beverage?