If you operated a small bakery, which of the following would be a variable cost in the short run?
A. Baking ovens.
B. Interest on business loans.
C. Annual lease payment for use of the building.
D. Baking supplies (flour, salt, etc.).
Answer: D
You might also like to view...
Lucinda starts a business consulting company. She makes all the business decisions and bears the risk of running the business. The typical payment for Lucinda's work is ________
A) all the revenue greater than her opportunity cost B) all the revenue greater than the capital investment C) a normal profit D) an economic profit
Eggs are sold in five different markets. The price for a dozen eggs in market A is $3, in market B price is $1, in market C price is $2, in market D price is $5, and in market E price is $4 . In which market is the market structure most likely to be monopoly?
a. A b. B c. C d. D e. E