Multiple Choice
Flora's Flowers bought a new van last year for $10,000.It can now sell the van for $8,500.To buy this year's model of the same van it would have to pay $11,000.What is the one-year amount of economic depreciation?
A) $2,500
B) $1,500
C) $1,000
D) $10,000
E) $3,500
Correct Answer:
Verified
Correct Answer:
Verified
Q96: If capital is a variable input in
Q97: Economies of scale are present when<br>A)the LRAC
Q98: Marginal cost is the amount that<br>A)total cost
Q99: Choose the correct statement.<br>A)When marginal product of
Q100: A firm's total product curve describes<br>A)the minimum
Q102: Use the table below to answer the
Q103: Use the table below to answer the
Q104: A firm will want to increase its
Q105: Which one of the following statements is
Q106: The average fixed cost curve slopes downward