Give some examples of the term Mixed Costs?

Q: otal cost is equal to average cost times marginal cost. a. True O b. False

A: Answer - True Total cost is equal to average cost times marginal cost.   Explanation Total cost is…

Q: How do fixed costs change over the long-term? Do costs get re-categorized into a variable cost when…

A: Fixed costs are the costs that do not change with the change in quantity while variable costs are…

Q: Define the term semi-variable costs?

A: The costs incurred by a producing agent in the procurement of factor inputs for the production of a…

Q: Graphed below is a company's cost function for producing premium wooden shoe horns. Quantity of Shoe…

A: The money spent to purchase the factor of production to produce the final goods and services is…

Q: Explain the term Explicit and Implicit costs. Give examples

A: Implicit costs are costs that arise which are not registered for accounting purposes without…

Q: Which of the following are examples of indirect costs for a company that makes photograph frames and…

A: Indirect costs are those costs that are not directly included or considered for the production of…

Q: Distinguish between implicit and explicit costs. How is it possible to have positive accounting…

A: Any cost that has already occurred but is not shown or reported as a distinct item is referred to as…

Q: After one month of operation, UCC Cafe decided to shorten its business hours and close on weekends.…

A: When UCC cafe reduced business hours and weekends holiday. It considered variable cost.

Q: The procedure of computing the break-even point of a multi-product is a little different than that…

A: A break-even point is described as a point at which VC {variable costs} of a firm are equal to its…

Q: = A clothing company determines that its marginal cost, in dollars per dress, is given by the…

A: Here, the marginal cost function is given as: C'(x)=-(2/25)x+53, when x is less than and equal to…

Q: capital and $162 million on materials. The firm's factory sits on land owned by the firm that could…

A: An economic profit is the difference between the revenue a commercial entity has received from its…

Q: Classify the Costs for Predicting Cost Behavior?

A: Every company incurred the costs to produce goods and services. For example labor cost, and…

Q: Can we outsource an IT Function? Give at least (3) risks or disadvantages of outsourcing the IT…

A: Outsourcing means a company is hiring regular service from external sources, mostly from other…

Q: Describe the Fixed and Variable Costs?

A: A company mainly faces two type of costs known as fixed cost and variable cost. These two costs are…

Q: Is a type of cost which does not vary with the unit of production and will remain constant…

A: Cost refers to the money involved in producing the goods and services by the producers. They include…

Q: derivative of the firm's profit function is F′(x) = −0.03x2 + 3x - 100, where x ≥ 0 is the output…

A: Profit is the difference between Total cost a nd total revenue . And in this case the marginal…

Q: he marginal product of the 14 th worker is 8 and the firm sells its output for $4 per unit. If labor…

A: MP of 14th worker = 8 Output sell  = $4 per output

Q: Total cost is equal to average cost times marginal cost. a. True O b. False

A: # Total cost is referred to be as the sum of total fixed costs and the total variable costs which…

Q: For each term, explain the definition or calculation, and explain this concept to someone who is…

A: Cost of production is the total cost that a firm or a business incurs for the production of goods…

Q: When marginal product increases, marginal cost increases. True False

A: Marginal product is the additional output produced by the additional worker or the change in the…

Q: Explain the term Total costs?

A: Any firm main objective is to maximize its profit and for maximizing profits every firm must know…

Q: The output and total cost schedule of WholeMade BD is provided in the table. What is average fixed…

A: The average fixed cost can be calculated by using the following formula: Average fixed cost=Total…

Q: Research an instance of an actual firm that has been engaged in cost-cutting measures. What actions…

A: We are considering an example of Dell EMC. Cost-cutting refers to measures executed by an…

Q: Define the term Operating costs?

A: Operating costs are day-to-day expenses associated with maintaining and running a business.

Q: Distinguish between product costs and period costs?

A: The cost incurred after the product is sold is refers to period cost, which includes shipping cost,…

Q: Define the term Mixed Costs?

A: Cost refers to the monetary value that is spent by a company in order to conduct its production…

Q: What are their implications for cost and return?

A: The method of directing capital among savers to organizations that require it is known as finance.

Q: An example of technology is a) earning plumbing certification Ob) new patent c) degree in finance…

A: Technology is a scientific method and knowledge which is used for the practical purposes.

Q: How did you arrive at the new unit productivity percentage of 17.75?

A: Introduction The productivity of a production system is similar to the efficiency of the production…

Q: How to calculate the Average cost of producing 1, 2,...15

A: average cost = C/Q = 1000 + 100*Q for every Q we first calculate the C by using the formula C=1000+…

Q: Total Product Marginal (lanterns) Workers Variable Total Cost AVC АТС MC Product Cost $ 100 1 10 10…

A: In order to solve the questions, we need to complete the table first.  The blanks in the table are…

Q: y C= 600 + 40Q^0.3 + 5 Q^2: a) Find out the fixxed cost, variable cost, margina ost average variable…

A: Variable costs vary based on the amount of output produced. Variable costs may include labor,…

Q: Need answers ASAP... Which of these costs is considered as the most important cost because if it is…

A: The firm produces goods and services and incurs cost including fixed cost and the variable cost.The…

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: when marginal cost is less than average total cost is falling true False

A: Answer (21). True, Explanation: When the marginal cost is less than the average total cost, the…

Q: Which of the folowing statements is FALSE? OA A process costing system would be used by…

A: Manufacturing is the process of making goods or products using machines or humans.

Q: what tools and techniques are available for economic engineers to improve a firm's profits?

A: There are many tools and techniques available which is used by the engineers to improve firm's…

Q: Most manufacturing companies divide manufacturing costs into which three broad categories?

A: Manufacturing cost can be defined as the sum total of all the cost of resources which are used in…

Q: Rent of the factory is a variable cost True/False

A: The cost of goods or services refers to the amount of money spent by a corporation on their creation…

Q: D. If there are implicit costs of production

A: To find : What happens when there is implicit cost of production.

Q: Describe the Trial and Error Process?

A: Answer - Trial and Error Process - This is problem solving method under this individual use multiple…

Q: increasing returns to scale present?

A: Increasing returns to scale occurs when LRAC decreases with increase in output, that is, From Q =…

Q: When can a business owner be earning a profit but not covering costs?

A: Economic profit refers to the profit that obtained by deducting the implicit cost or opportunity…