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.

B) is a fixed cost

Explanation:

According to my research on the process of loan repayments we can say that the $900 weekly payment is a fixed cost. This is because the $900 payment is the same amount every week and does not change until the initial loan plus the interest is payed in full. This would not be the case if the payment amount is different every week.

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answer; (c) penalty

answer///supply is elastic, and demand is inelastic;