Fixed Costs are expenses that: Multiple Choice Do not change as production changes. They are usually contractual obligations such as a fixed rate commercial mortgage loan or installment car loan payments. The electricity bill is a fixed cost. Both A and B are correct.

Q: The Lawn Ranger, a landscaping company, has total costs of $4,000 and total variable costs of$1,000.…

A: The data presented in the above question is as follows:- Total cost = $4000 Total variable cost =…

Q: If a company has a monthly fixed cost of $24,000 and variable cost of five dollars each to produce…

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Q: . The short run Is less than one year Requires that at least one input is fixed

A: To find : The short run.

Q: Find total revenue if accounting profit is $1000 and explicit cost is $220

A: According to the above given question we are given that:- Accounting profit = $1000  Explicit cost =…

Q: Water Works Plumbing Company is a small owner-managed plumbing services company that serves the…

A: Quasi - fixed means that those labor prices that do not change with hours worked however do change…

Q: Which of the following is the best example of a variable cost? O annual insurance payments for a…

A: The production of the various goods and services involves the cost of production. The cost of…

Q: impact of fixed and variable cost on break even analysis

A: Fixed and variable costs are the two costs that are considered to be an important costs that a firm…

Q: Large costs incurred in an investment that cannot be easily recovered are called

A: Investment is basically a resource that is made fully intent on permitting cash to develop. One,…

Q: How Break Even Analysis brings changes between fixed and variable cost relations that affect the…

A: Break-even analysis explains the relationship between revenue and cost(cost = Fixed cost + variable…

Q: The revenue function R(x) and the cost function C(x) for a particular product are given. These…

A: We have been given that : R(X) = 200x - x2 C(X) = 5x + 7250

Q: Calculate accounting profit if explicit cost is $300 and total revenue is $2000

A: The data presented in the question above is:- Total revenue = $2000 Explicit cost = $300 Accounting…

Q: Short-run costs that do not depend on the level of output are A) total variable costs only. B) total…

A: The cost is the money spent to purchase the factor of production by the producer. There there are…

Q: Fixed cost V [ Choose ] all costs that are incurred over the life of a product, process, or service…

A: The sum of all costs spent by a firm in achieving a given level of production is known as total cost…

Q: Why can the distinction between fixed costs and variable costs be made in the short run? Classify…

A: There are some costs that will not change as the level of output changes. If the firm wants to…

Q: Find the economic lot or economic order quantity Size which minimizes total cost Question A company…

A: Fixed cost = $400 Additional cost =$10 x 57,760 boxes = $577,600 Storage cost of 57,760 boxes = $5 x…

Q: Fixed costs are best defined as costs that do not vary with output. the amount that one more unit of…

A: Fixed Cost: It is the cost that is incurred for purchasing fixed factors of production. It is…

Q: Classify the following costs as explicit or implicit. Explain your answer ABC Company spent $1000…

A: Explicit cost :- Those cost which is actually incurred by the organization is called explicit cost.…

Q: A new machine increases fixed cost and may or may not increase ATC as the…

A: The cost of production is the cost incurred in the process of production in the economy by a firm.…

Q: mine if the The ATC is rising when the MC is below the ATC. ATC= True FC + VC Q Answer Bank All…

A: Cost, in like manner use, the financial worth of labor and products that makers and shoppers buy. In…

Q: Diseconomies of scale occur mainly because

A: Diseconomies of scale is associated with the increasing cost per unit with increase in the scale of…

Q: he variable cost to make a certain product is $71 per unit. Research indicates that the lowest price…

A: Given, VC = $71 per unit Lowest price = $156

Q: A pharmaceutical company manufactures two brands of vaccines. The annual demand and cost functions…

A: Given,  A pharmaceutical company manufactures two brands of Vaccines A and B The Price of Vaccine A…

Q: The variable cost to make a certain product is $73 per unit. Research indicates that the lowest…

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Q: A long run total cost curve   a.   must be equal to zero when output is zero   cross out…

A: In the mentioned question we have been asked what will be the value of long-run total cost if the…

Q: ACME Inc. currently sells a product for $1,100 which results in demand being 2,000 units. Management…

A: Product: It refers to the good and service that consumer purchases for doing variety of activities.…

Q: The revenue function R(x) and the cost function C(x) for a particular product are given. These…

A: The total revenue function shows the revenue a firm is able to generate when it sells different…

Q: Why can the distinction between fixed costs and variable costs be made in the short run? Classify…

A: Variable costs are the costs of a business and are related to the number of products or services it…

Q: Implicit and explicit costs are different in that: Multiple Choice the former refer to…

A: Implicit costs are opportunity costs, while explicit costs are expenses paid with a company's own…

Q: Fixed costs and Variable costs are considered to be costs.

A: The factor of productions are the labor, raw materials, capital, land etc which incurred some cost.…

Q: Find average variable cost given:- Total variable cost is $490 and the output is 30 units

A: The data presented in the question above is:- Total variable cost = $490  Output = 30 units  Average…

Q: The following are common examples of variable costs except A All of the above (B) Utilities…

A: The firms have to incur various types of costs to produce the goods and services in the economy. The…

Q: Determine if the statements and expressions regarding costs are true or false. True False All costs…

A: “Since you have asked multiple questions, we will solve the first and second questions for you. If…

Q: Fixed cost is a. Any cost that does not vary with the quantity of output. b. The ratio of total cost…

A: Companies have different costs linked to their company. These expenses are broken down by the…

Q: When the production starts, the value of Total fixed cost is 0 True/False

A: # The value of total cost is given by combining together the fixed costs and the variable costs…

Q: True or false:  a change in fixed costs will change average total cost. a.True b.False

A: The measure that depicts the expenses that are incurred for carrying day-to-day expenses of the…

Q: The curve connecting cost minimization levels of output is :  a always a straight line b typically…

A: Cost Minimization Level:The cost minimization level is the level at which the producer uses the mix…

Q: Yamaha company sells auto parts. One of auto part has selling price for $110. Yamaha company buys…

A: Given,   Selling price = $110  Variable cost (VC)= $80            Average unit sold = 40 units

Q: The marginal cost is interpreted as Select one: a. The cost of producing one additional unit. b. The…

A: Total cost is defined as the sum expenses incurred by the firm to produce goods and services. Total…

Q: The cost that cannot be recovered if a firm goes out of business is known as __________. a. Cost of…

A: If a firm goes out of business then some of the costs can not be recovered such as Advertising…

Q: The X division of XYZ Company is currently operating at 60% capacity or 6,000 units. It produces a…

A: Cost refers to the expenditure level incurred by the firm on its various operations. The cost can be…

Q: A business incurs the following costs per unit: Labor  $125/unit; Materials $45/unit and rent…

A: Total Variable Cost: It is the total cost incurred to purchase a variable factor of production, for…

Q: A small coffee house has the following costs:  building and pizza oven rentals 100,000  labor…

A: Since we only attempt upto 3 subparts, we shall answer a, b and c only. Please resubmit the question…

Q: A company has a linear total cost function and has determined that over the next three months it can…

A: Linear Cost function refers to the cost function with degree 1. For eg: (aQ + c) is a linear cost…

Q: Average variable cost does NOT equal: Select one: a. total cost minus fixed cost divided by output.…

A: In the field of economics, the expression "average variable cost" portrays the variable expense for…

Q: Which of these will have lower values as the quantity produced increases? a. Fixed cost per unit b.…

A: Fixed Cost remains fixed at all levels of output. Average Fixed Cost or fixed cost per unit…