Suppose that you are a fishing boat owner and that you have purchased a boat for $75,000 with a 15 year loan for the full amount. What is your fixed cost per year, ignoring interest payments?
A) $1,000
B) $7,500
C) $5,000
D) $2,500
E) $3,750
Correct Answer:
Verified
Q95: Downsizing can be represented by
A) moving to
Q96: A study of what manufacturers thought their
Q97: A fixed cost is one that
A) increases
Q98: The firm's short run is defined by
Q99: If you were asked to draw a
Q101: Suppose you're in the trucking business and
Q102: Federal Express has just purchased a cargo
Q103: The difference between variable cost and fixed
Q104: The term labor productivity refers to the
A)
Q105: Suppose a fishing boat reaches its most
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents