Econ 528 homework 2 - Study guides, Class notes & Summaries
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ECON 528 HOMEWORK 2
- Exam (elaborations) • 20 pages • 2022
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1 
Question 1 
Correct 
Marked out of 
1.00 Flag 
Question 2 
Correct 
Marked out of 
1.00 Flag 
Question 3 
Correct 
Marked out of 
1.00 Flag 
b. False 
a. 
True 
Question text 
Accounting costs exclude implicit costs. 
Select one: 
Question text 
Adam spent $10,000 on new equipment for his small business, "Adam's Fitness Studio." 
Membership at his fitness center is very low and at this rate, Adam needs an 
additional 
$12,000 per year to keep his studio open. Which of the following is true...
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ECON 528 HOMEWORK 2 - Questions and Answers
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ECON 528 HOMEWORK 2 - Questions and Answers|ECON 528 HOMEWORK 2 - Questions and Answers|ECON 528 HOMEWORK 2 - Questions and Answers
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ECON 528 HOMEWORK 2 - Questions and Answers
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ECON 528 HOMEWORK 2 - Questions and Answers|ECON 528 HOMEWORK 2 - Questions and Answers|ECON 528 HOMEWORK 2 - Questions and Answers
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ECON 528 HOMEWORK 2
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ECON 528 HOMEWORK 2
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ECON 528 HOMEWORK 2 ( latest update )
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ECON 528 HOMEWORK 2 ( latest update ) 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Quantity of La 
 
Fixed Cost 
 
Variable Cost 
 
Total Cost 
 
Average Total Cost 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Quantity of Lanterns 
 
Fixed Cost (dollars) 
 
Variable Cost 
(dollars) 
 
Total Cost 
(dollars) 
 
Average Total Cost (dollars) 
 
75	200	170	370	4.93 
 
80	200	230	430	5.36 
90	200			7.67 
100	200	810		 
115	200			11.8 
117	200	1264	1464...
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ECON 528 HOMEWORK 2 ( LATEST UPDATE )
- Exam (elaborations) • 20 pages • 2021
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Quantity of La 
 
Fixed Cost 
 
Variable Cost 
 
Total Cost 
 
Average Total Cost 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Quantity of Lanterns 
 
Fixed Cost (dollars) 
 
Variable Cost 
(dollars) 
 
Total Cost 
(dollars) 
 
Average Total Cost (dollars) 
 
75	200	170	370	4.93 
 
80	200	230	430	5.36 
90	200			7.67 
100	200	810		 
115	200			11.8 
117	200	1264	1464	12.5 
120	200	1480		 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Quantity of La 
 
Fixed Cost 
 
Variable Cost 
 ...
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ECON 528 HOMEWORK 2 | GRADED A+
- Exam (elaborations) • 20 pages • 2021
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ECON 528 HOMEWORK 2
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ECON 528 HOMEWORK 2
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ECON 528 HOMEWORK 2
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ECON 528 HOMEWORK 2
- Exam (elaborations) • 20 pages • 2021
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ECON 528 HOMEWORK 2
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University of Louisiana, Lafayette - ECON 528 Module 3 Homework Assignment
- Exam (elaborations) • 12 pages • 2022
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University of Louisiana, Lafayette - ECON 528 Module 3 Homework Assignment 
Started on Monday, 10 September 2018, 5:20 PM State Finished Completed on Monday, 10 September 2018, 5:31 PM Time taken 10 mins 51 secs Marks 20.00/20. 00 Grade 10.00 out of 10.00 (100%) Question 1 Correct Mark 1.00 out of 1.00 If an increase in income leads to a decrease in the demand for popcorn, then popcorn is Select one: a. a normal good. b. an inferior good. c. a necessity. d. a neutral good. Your answer is correct...
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