The Owner of a Greenhouse and Nursery Is Considering Whether

question 69

Multiple Choice

The owner of a greenhouse and nursery is considering whether to spend $6,000 to acquire the licensing rights to grow a new variety of rosebush, which she could then sell for $6 each. Per-unit variable cost would be $3. How many rosebushes would she have to produce and sell in order to make a profit of $6,000?

• A)1,600
• B)2,400
• C)3,000
• D)1,000
• E)4,000

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Definitions:

U.S. Labor Laws

Regulations and statutes in the United States that govern the rights of workers and the obligations of employers, including aspects of employment, remuneration, and workplace safety.

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Markets characterized by a large number of buyers and sellers, free entry and exit, and products that are similar enough to be considered substitutes, fostering competition.

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