Suppose You Are the Owner of a Picture Frame Store

question 220

Multiple Choice

Suppose you are the owner of a picture frame store.Let's assume that the average price customers are willing to pay for each picture frame is $120.Also,suppose your fixed costs (FC) total $32,000 (real estate taxes,interest on a bank loan,etc. ) and unit variable cost (UVC) for a picture frame is $40 (labor,glass,frame,and matting) .According to Figure 13-10 above,how much profit will your picture frame store make if it sells 400 picture frames?

• A)$48,000
• B)$32,000
• C)$16,000
• D)$0
• E)($32,000)

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Definitions:

Sporophyte Generation

The diploid, spore-producing phase in the life cycle of plants that undergo alternation of generations.

Vascular Tissue

Specialized tissue in plants responsible for water and nutrient transport throughout the organism.

Megaspore

One of the two types of spores produced by seed plants; develops into a female gametophyte (embryo sac).

Female Gametophyte

The haploid phase in the life cycle of plants and algae that produces female gametes or eggs.