Suppose a Firm Has the Following Expenditures Per Day: $240

question 70

Multiple Choice

Suppose a firm has the following expenditures per day: $240 for wages,$150 for materials,and $80 for equipment rental.The owner of the firm owns the building in which it operates.If the firm were not operating in the building,he could rent the building for $70 per day.Total daily revenue is $600.
-What are the daily explicit costs for the firm described above?

• A) $320
• B) $390
• C) $400
• D) $470

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Definitions:

Pupil

The circular opening in the center of the eye that allows light to enter and reach the retina, adjusting in size to regulate the amount of light.

Cornea

The clear, protective outer layer of the eye that helps to focus incoming light.

Fovea

A small depression in the retina of the eye where visual acuity is highest, due to a high concentration of cones.

Purity

The state or quality of being free from contaminants, immorality, or imperfections; often associated with morals, substances, or intentions.