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Amy spends $5,000 on remodeling a storefront that she then opens as a take-out deli. Buninens har not been very successful, and she needs an
Amy spends $5,000 on remodeling a storefront that she then opens as a take-out deli. Buninens har not been very successful, and she needs an additional $1000 to keep the dell open. Which of the following is true? (CLO#6) Select one: a. The $1,000 Amy needs to keep the deli open represents her total fixed costs ob. The $5,000 Amy spent on remodeling represents a part of the total variable cost of her business. c. The $5,000 Amy spent is a fixed cost of her business. d. The $1,000 represents her marginal costs of production If marginal cost is above average variable cost, then (CLO#6) Select one: a. average variable cost is increasing. b. average variable cost is decreasing. c. marginal cost must be decreasing. d. average variable cost is constant. hecol la
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