Solved

Oscar Has Negotiated a Lease for His Sporting Goods Store

Question 261

Multiple Choice

Oscar has negotiated a lease for his sporting goods store in which he is required to pay $2,500 per month in rent.Oscar pays his staff $9 per hour to sell sporting goods and his monthly electricity bill averages $700, depending on his total hours of operation.Oscar's fixed costs of production equal:


A) $2,500 per month.
B) $3,200 per month.
C) $9 per hour multiplied by total hours of work plus $700.
D) $9 per hour multiplied by total hours of work plus $3,200.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions