Below Are Some Financial Data for the Do Drop in Convenience

question 112

Multiple Choice

Below are some financial data for the Do Drop In convenience store.
The owners have put $40,000 into the business and they worked a total of 80 hours during the week.Savings accounts are currently paying 5.2% interest and the going wage rate is $8 per hour.
-Refer to the information above to answer this question.What are the week's total explicit costs for the Do Drop In?

• A)$3,160.
• B)$4,440.
• C)$6,300.
• D)$6,900.
• E)$7,580.

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Definitions:

Charging Different Prices

Practice of setting different prices for the same product or service in different markets or to different customers, often based on demand, purchase volume, or buyer characteristics.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in its price.

Crest Toothpaste

A brand of toothpaste known for its dental hygiene products, including varieties that focus on tooth whitening, cavity protection, and gum care.

Product Category

A classification of products or services grouped together based on common characteristics, purposes, or consumer perceptions, which helps in organizing offerings and marketing strategies.