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Use the Figure Below to Answer the Following Questions

question 3

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Use the figure below to answer the following questions. Use the figure below to answer the following questions.   Figure 13.2.6 -Refer to Figure 13.2.6,which shows the demand curve,marginal revenue curve and cost curves faced by Gap.Gap's economic ________ is ________ a day. A) loss;$8,000 B) loss;$13,000 C) profit;$7,200 D) profit;$13,000 E) loss;$8,960 Figure 13.2.6
-Refer to Figure 13.2.6,which shows the demand curve,marginal revenue curve and cost curves faced by Gap.Gap's economic ________ is ________ a day.


Definitions:

Petty Cash Fund

A small amount of cash kept on hand for making immediate, low-value payments instead of writing checks.

Transportation-In

Costs associated with bringing inventory to a business, which are often added to the purchase price of goods.

Office Supplies

Various everyday items used in offices for tasks such as writing, organization, and communication, including pens, paper, and staplers.

Petty Cash

A small amount of cash on hand used for covering minor expenses.

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