Matt Pays a $50 a Month Membership Fee at Bruno's

question 34

Multiple Choice

Matt pays a $50 a month membership fee at Bruno's Gym.He can exercise at the gym as many times as he wishes.If the membership fee is measured along the vertical axis and the number of times he exercises is measured along the horizontal axis,the graph between his membership fee and the number of times he exercises will

• A) be a horizontal line.
• B) be positively sloped.
• C) be negatively sloped.
• D) be a vertical line.
• E) start out positively sloped and then, as Matt loses interest, become negatively sloped.

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Definitions:

Granite Quarry

A site where granite is extracted from the earth for use in construction and architectural applications.

Depletion Expense

The allocation of the cost of natural resources over their useful life.

Accumulated Depletion

The total amount of value that has been accounted for as a reduction in the value of a natural resource due to its extraction or usage.

Depletion Expense

An accounting approach to allocate the cost of extracting natural resources, such as minerals or timber, over the period those resources are consumed.