Multiple Choice
Francine owns her own widget store. She currently does not have enough money to hire anyone else, so she is the only employee. Francine purchased 1,500 widgets for her inventory at $1.50 per widget. In one month, she sold all her widgets for $3.00 each. That month her rent was $700 and utilities were $200. With just this information, Francine's total profit would be $________.
A) 1,250
B) 550
C) 1,350
D) 1,100
E) -500
Correct Answer:

Verified
Correct Answer:
Verified
Q197: Brand uniqueness is not important in nonprice
Q198: Sellers that emphasize distinctive product features to
Q199: A firm can survive in the long
Q200: Laura Spangler, of North Central Novelties, reduces
Q201: Which of the following is true about
Q203: Which of the following statements is true
Q204: A product under nonprice competition would most
Q205: Buyers who focus on purchasing products that
Q206: If a firm currently produces 2,500 products
Q207: Scenario 19.2 Use the following to answer