Multiple Choice
Refer to Scenario 9.6 below to answer the question(s) that follow.
SCENARIO 9.6: Celeste borrowed $40,000 from her brother to open a car wash. She pays her brother a 5% yearly return on the money he lent her. Her other yearly fixed costs equal $18,000. Her variable costs equal $40,000. In her first year, Amy sold 40,000 car washes at a price of $2.50 per car wash.
-Refer to Scenario 9.6. Celeste's total fixed costs equal
A) $2,000.
B) $18,000.
C) $20,000.
D) $22,000.
Correct Answer:

Verified
Correct Answer:
Verified
Q326: The Speedy Typesetting Company, a perfectly competitive
Q327: Economies of scale are also referred to
Q328: Refer to the information provided in Figure
Q329: Engineers for the Off Road Skateboard Company
Q330: Refer to Scenario 9.2 below to answer
Q332: Which of the following is an example
Q333: Refer to Scenario 9.9 below to answer
Q334: If price is above average total cost
Q335: Assume a perfectly competitive industry is in
Q336: A firm must earn an economic profit