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.
Survey of Economics (MindTap Course List)
9th Edition
ISBN:9781305260948
Author:Irvin B. Tucker
Publisher:Irvin B. Tucker
Chapter4: Markets In Action
Section4.2: Can The Laws Of Supply And Demand Be Repealed?
Problem 2YTE
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Question
Can you answer questions 7,15 , and 16
![15.
The following figures were obtained from a company's accounts.
$105,000
$180,000
Turnover
Fixed capital
Total Expenses
$46,000
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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fea9144fb-2025-453a-a41d-14453c9edf8b%2Fa1df6d17-7cfd-4c34-8cb6-c273819bfc41%2F6b8c0ln_processed.jpeg&w=3840&q=75)
Transcribed Image Text:15.
The following figures were obtained from a company's accounts.
$105,000
$180,000
Turnover
Fixed capital
Total Expenses
$46,000
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.
![Ice in a fish market generally commands a price, while in the Alaska it can be considered
a/an
7.
consumer good.
economic good.
free good.
necessity.
А.
В.
С.
[1]
D.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fea9144fb-2025-453a-a41d-14453c9edf8b%2Fa1df6d17-7cfd-4c34-8cb6-c273819bfc41%2Fpszhai8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Ice in a fish market generally commands a price, while in the Alaska it can be considered
a/an
7.
consumer good.
economic good.
free good.
necessity.
А.
В.
С.
[1]
D.
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