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Economics Homework Eleven Answers - Student Fifteen (view source)

Revision as of 02:54, December 6, 2009

150 bytes added ,  02:54, December 6, 2009
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1. I would want him to pay interest because the interest will pay for the service I am giving him by letting him use my money.
 
1. I would want him to pay interest because the interest will pay for the service I am giving him by letting him use my money.
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:Good.
    
2. $1102.50
 
2. $1102.50
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:Correct!
    
3.I think that it is a fixed cost because you are not paying for each individual to go on the bus but are paying for the bus and its certain amount of seats.
 
3.I think that it is a fixed cost because you are not paying for each individual to go on the bus but are paying for the bus and its certain amount of seats.
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4. I think the concept "Time is money" motivates me the most because it shows that the more time you waste the less efficient you are..
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:Right.
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4. I think the concept "Time is money" motivates me the most because it shows that the more time you waste the less efficient you are.
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:Superb.
    
5.
 
5.
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:OK.
    
6. Number 16, when total revenue is maximized, no more units are being made.
 
6. Number 16, when total revenue is maximized, no more units are being made.
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:Good.
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:Perfect work.  Well done.  50/50.--[[User:Aschlafly|Andy Schlafly]] 21:54, 5 December 2009 (EST)
Aschlafly
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