15. The following figures were obtained from a company's accounts. aVFrm $105,000 $180,000 $46,000 Turnover Fixed capital Total Expenses Capital Expenditure $22,000 What is the total profit of the firm? $29,000 $37,000 $59,000 $75,000 А. hour day В. С. D. 16. Which of the following statements does NOT apply to equilibrium price? It is a situation of excess demand. It will shift if either demand or supply alters. Quantity demanded and supplied are equated. There is no tendency for price to change. А. В. С. D.

15. The following figures were obtained from a company's accounts. aVFrm $105,000 $180,000 $46,000 Turnover Fixed capital Total Expenses Capital Expenditure $22,000 What is the total profit of the firm? $29,000 $37,000 $59,000 $75,000 А. hour day В. С. D. 16. Which of the following statements does NOT apply to equilibrium price? It is a situation of excess demand. It will shift if either demand or supply alters. Quantity demanded and supplied are equated. There is no tendency for price to change. А. В. С. D.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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