Multiple Choice
Pamela's bakery produces 500 loaves of bread in a given year.Pamela pays $100 for flour and yeast,pays $600 in wages,pays $50 in interest on an existing loan,and pays $100 in taxes to the government.One of Pamela's bread slicing machines,which cost $75 each,wears out over the course of the year and must be scrapped.Pamela's profit for the year equals $75.Pamela's bread,therefore,sells for
A) $0.50 per loaf.
B) $1.00 per loaf.
C) $2.00 per loaf.
D) $1.50 per loaf.
E) cannot tell, insufficient information.
Correct Answer:
Verified
Correct Answer:
Verified
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