Bill owns "Bill's Home of Blues" a store that specializes in selling CDs and DVDs of...
Bill owns "Bill's Home of Blues" a store that specializes in selling CDs and DVDs of blues musicians of the 1960s and 1970s. Bill took out a loan from his bank to pay for his store and its initial inventory. Bill pays the bank $900 per week for his loan. The $900 bank payment
A.is a long-run implicit cost.
B.is a fixed cost.
C.is a short-run implicit cost.
D.is a variable cost.
Homework Answers
The answer is option b- Is a Fixed cost
Bill owns "Bill's Home of Blues" a store that specializes in selling CDs and DVDs of blues musicians of the 1960s and 1970s. Bill took out a loan from his bank to pay for his store and its initial inventory. Bill pays the bank $900 per week for his loan. The $900 bank payment Is a Fixed cost
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