Economics Homework Eleven Answers - Student Fifteen

IsaacZ

1\. I would want him to pay interest because the interest will pay for the service I am giving him by letting him use my money.

Good.

2\. $1102.50

Correct!

3.I think that it is a fixed cost because you are not paying for each individual to go on the bus but are paying for the bus and its certain amount of seats.

Right.

4\. I think the concept "Time is money" motivates me the most because it shows that the more time you waste the less efficient you are.

Superb.

5\.

OK.

6\. Number 16, when total revenue is maximized, no more units are being made.

Good.

Perfect work. Well done. 50/50.--Andy Schlafly 21:54, 5 December 2009 (EST)