
Max Shreck, an accountant, quit his $80,000-a-year job and bought an existing tattoo parlor from its previous owner, Sylvia Sidney.The lease has five years remaining and requires a monthly payment of $4,000.The lease
A) is a fixed cost of operating the tattoo parlor.
B) is a variable cost of operating the tattoo parlor.
C) is an implicit cost of operating the tattoo parlor.
D) is part of the marginal cost of operating the tattoo parlor.
Correct Answer:
Verified
Q136: Table 12-3 Q137: What is always true at the quantity Q138: Profit is the difference between Q139: If price = marginal cost at the
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A)marginal revenue and
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