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andrew11 [14]
4 years ago
11

Bubba is a shrimp fisherman who catches 4,000 pounds of shrimp per year. He can sell the shrimp for $5 per pound. His average to

tal cost of catching shrimp is $3 per pound. Bubba’s annual total revenue is_______. a. $12,000. b. $32,000. c. $20,000. d. $8,000.
Business
1 answer:
Galina-37 [17]4 years ago
8 0

Answer:

Bubba’s annual total revenue is c. $20,000

Explanation:

Revenue is the total amount that comes from sales, regardless of cost.

Bubba catches 4,000 pounds and sell them for $5 per pound, so the total amount (revenue) he receives from selling them is 4,000 * 5 = $20,000

Note: The information about the $3 cost is not necessary to calculate revenue

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D. Pure competition spreads resources between many different

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Explanation:

Pure competition is a market structure with many suppliers and many buyers. All the suppliers sell a homogeneous product. There is intense business competition among the suppliers. Other characteristics of pure competition include

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In pure competition, resources are shared among the many competing firms in the industry, unlike in a monopoly that has only a single supplier. Resources include raw materials and profits.

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The Supreme Court decided that the use of prayers to open government meetings in 2014 is constitutional and that such meetings can hold, even if it clearly favors one faith, provided that there is no attempt to harass, intimidate, or coerce other religion believers.

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Chris made a $6925 purchase on his credit card that has an annual interest rate of 18% that compounds continuously. If he does n
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Answer:

$11,883.35

Explanation:

The formula for calculating continuous compounding is given below

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Diego feels he has achieved some measure of respect as a cosmetic surgeon. Now, Diego focuses on being the best he can be. Which
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Diego is trying to focus and meet his self-actualization needs.

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Learn more about Maslow's Hierarchy of Needs here:

brainly.com/question/1785981

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