Suppose she opens her shop in a building she owns, which she could be renting out to someone else for $1,000 a month. In addition, A to Z Rental required her to sign a one year lease on the coolers needed for her shop and the rent is $200 a month. Hiring three assistants costs her $1,800 a month. Finally, the flowers, vases and other material needed for making flower arrangements average $5,000 a month. What is her long run fixed cost?
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Expert's answer
2017-04-26T10:45:08-0400
Long run cost in such way is rent of coolers and equal to $200 per month. Assistants and other materials are variable in long run because if she decides to develop business she would require more of that resources.
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