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  2. Business
  3. Microeconomics Study Set 10
  4. Quiz 12: The Costs of Production

Suppose Larry's Lariats Produced 25,000 Lassos and Sold Each for $10.what

Question 23
Multiple Choice

Suppose Larry's Lariats produced 25,000 lassos and sold each for $10.What was the profit for this company? A) $250,000 B) $25,000 C) $125,000 D) Cannot calculate profit without more information.

Related questions
Q 24
Suppose Larry's Lariats produced 25,000 lassos and sold each for $10.What was the total revenue for the company? A) $250,000 B) $25,000 C) $2,500 D) $2,500,000
Q 25
Suppose Bev's Bags makes large handbags and small handbags.They sold 70,000 large bags for $45 each and 25,000 small bags for $15 each.What was the total revenue for this company? A) $3,150,000 B) $375,000 C) $3,525,000 D) $2,850,000
Q 26
Suppose Bev's Bags makes large handbags and small handbags.They sold 70,000 large bags for $45 each and 25,000 small bags for $15 each.If the company had total costs of $2,000,000,what was the profit for this company? A) $1,525,000 B) $3,525,000 C) $375,000 D) $850,000
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