Use the Following to Answer Questions

question 61

Multiple Choice

Use the following to answer questions:
Scenario: Betty's Cookie Shop
Betty runs a cookie shop where she sells cookies for $1 each. She employs five people, each of whom worked a total of 500 hours last year; she paid them $10 per hour. Her costs of equipment and raw materials add up to $75,000. Her business ability is legendary, and other companies have offered to pay Betty $100,000 to come to work for them. She also knows she could sell her cookie shop for $150,000. The bank in town pays an annual interest rate of 3% on all funds deposited with it.
-(Scenario: Betty's Cookie Shop) Betty's explicit costs are equal to:

• A) $100,000.
• B) $80,000.
• C) $250,000.
• D) $264,000.

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Definitions:

Refugee

A person who has been forced to leave their country in order to escape war, persecution, or natural disaster.

Internally Displaced Person

An individual forced to flee their home within their country's borders due to conflict, violence, or disasters, but who remains within their country.

Darfur

A region in western Sudan known for a conflict that began in 2003, leading to mass displacements and casualties due to ethnic violence.

Chad

Informally used to refer to a young, attractive, confident, sometimes arrogantly so, man.