Two Firms, C and D, Both Produce Coat Hangers

question 79

Multiple Choice

Two firms, C and D, both produce coat hangers. The price of coat hangers is $1.20 each. Firm C has total fixed costs of $750,000 and variable costs of 30¢ per coat hanger. Firm D has total fixed costs of $400,000 and variable costs of 50¢ per coat hanger. The corporate tax rate is 40%. If the economy is strong, each firm will sell 2,000,000 coat hangers. If the economy enters a recession, each firm will sell 1,400,000 coat hangers. If the economy is strong, the total revenue of firm C will be

• A) $1,680,000.
• B) $1,400,000.
• C) $2,000,000.
• D) $2,400,000.

Recognize the solubility properties of lipids in relation to their polarity.

Explain the factors influencing the melting points of fats and oils.

Classify biological macromolecules based on their solubility and structure.

Understand the influence and purpose of the Restatements in the legal system.

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Definitions:

War Powers Resolution

A federal law intended to check the U.S. President's power to commit the United States to an armed conflict without the consent of Congress.

Congress

The bicameral legislature of the United States, consisting of the Senate and the House of Representatives, responsible for making federal laws.

Presidency

The office or position of the president, often associated with the leadership of a country or an organization, overseeing the executive branch.

Presidential Isolation

A situation where the President of the United States becomes detached or disconnected from Congress, advisors, or the public.