You Have Decided to Start a Vending Machine Business

question 47

Multiple Choice

You have decided to start a vending machine business. A local store has space available for your machine but wants to charge you an annual fee to use the space. You estimate that you can sell 5,000 cans of soda each year. You sell a can of soda for $1.25, which allows you a profit of $0.50 per can. What is the most you would spend to lease the space for one year?

• A) $1,000.
• B) $2,500.
• C) $5,000.
• D) $7,500.
• E) $10,000.

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Definitions:

Increase Mather

A prominent Puritan clergyman in colonial America, known for his role in the administration of the Massachusetts Bay Colony and his involvement in the Salem witch trials.

English Bill of Rights

An act passed in 1689 that laid down limits on the powers of the monarch and set out the rights of Parliament and rules for freedom of speech within Parliament, forming a foundation for the British constitutional monarchy.

Glorious Revolution

The event in 1688-1689 in which James II of England was overthrown and replaced by William III and Mary II, marking a pivotal shift towards parliamentary sovereignty.

Parliamentary Control

The mechanisms, processes, and practices that ensure the government is accountable and responsive to the legislature or parliament.