Top Posters
Since Sunday
e
4
h
4
h
4
m
3
d
3
B
3
o
3
w
3
H
3
a
3
c
3
k
3
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
trancy trancy
wrote...
Go to Answer
Posts: 386
Rep: 0 0
5 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 87 times
1 Reply
Replies
Answer verified by a subject expert
sadeensadeen
wrote...
#1
Posts: 409
Rep: 53 0
5 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...

5 years ago
this is exactly what I needed
macbookpro1
wrote...

Yesterday
This calls for a celebration Person Raising Both Hands in Celebration
yen
wrote...

2 hours ago
Thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  893 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 170
  
 338
  
 397
Your Opinion
Which country would you like to visit for its food?
Votes: 262
Previous poll results: Which is the best fuel for late night cramming?