Suppose a Firm Has an Annual Budget of $200,000 in Wages

question 112

Multiple Choice

Suppose a firm has an annual budget of $200,000 in wages and salaries,$75,000 in materials,$30,000 in new equipment,$20,000 in rented property,and $35,000 in interest costs on capital.The owner/manager does not choose to pay himself,but he could receive income of $90,000 by working elsewhere.The firm earns revenues of $360,000 per year.What are the annual economic costs for the firm described above?

• A)$450,000.
• B)$120,000.
• C)$90,000.
• D)$360,000.

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Definitions:

Drinking Water

Water that is safe for consumption by humans and other living organisms without risk of health effects.

Sanitation Services

Public services that manage waste disposal, sewage, and cleanliness to maintain public health and environmental standards.

Racism

Prejudice, discrimination, or antagonism directed against individuals or groups based on their race or ethnicity.

Drug Addiction

A chronic disorder characterized by the compulsive use of drugs despite harmful consequences, leading to significant impairment or distress.