Q: Equate total revenue and total cost functions and solve for Q
A: Total revenue = Price * Quantity Total cost = Fixed cost + Variable cost
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A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: Total variable cost is 0 at zero level of production True/Falss
A: # Total cost incurred by the firm is the sum of both fixed and variable costs. Total.fixed cost is…
Q: If total cost is $3000 and fixed cost is $1000 Calculate variable cost
A: The data presented in the question above is:- Total cost incurred = $3000 Fixed cost = $1000…
Q: Someday, if you want to be an economist or to study more about economic analysis, what platform you…
A: While studying economics, economists have the capability to reduce costs while using different…
Q: Find total cost if fixed cost and variable cost are $300 and $100 respectively
A: The data presented in the question above is:- Fixed cost of firm = $300 Variable cost of firm = $100…
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: If the break-even volume is the quantity for which the overall cost will be considered as…
A: According to, the breakeven quantity is the number of additional units sold to pay the cost of a…
Q: What will be the value of average cost if Total cost is $405 and the output is 30 units
A: The data presented in the question above is:- Total cost = $405 Output = 30 units We need to find…
Q: Fixed Costs are expenses that: Multiple Choice Do not change as production changes. They are usually…
A: Fixed cost are the cost that do not depend on level of production
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: EXAMPLE 1.1 Alpha Associates has the following details: Fixed cost = Rs. 20,00,000 Variable cost per…
A: The term break-even refers to the quantity at which the firm is neither in profit nor in the loss.…
Q: A Company produces 100 pendants per day. The total fixed cost for the plant is $5000 and the total…
A: The estimated average total cost (ATC) is equal to the total fixed and variable costs divided by the…
Q: ATC4 LRATO ATC ATC OUTPUT COST PER UNIT
A: Average total cost is the total cost incurred for a single unit of output out of the total output.…
Q: Total fixed cost is 90, complete the following table: Output (Units). MC 10 20 15 AVC () -
A:
Q: If fixed cost is half the value of variable cost and variable cost is $2200 Find total cost
A: The data presented in the question is as follows:- Variable cost = $2200 Fixed cost is half of…
Q: How can we determine the Cost Basis?
A: Calculation of the cost basis of an investment shows the capital gain or loss on it. It indicates…
Q: out the following cost chart. Round to the nearest tenth.
A: Every production unit incurs certain amount of costs for production. They have to buy raw materials,…
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…
A:
Q: Arthur crafts miniature chocolate dollhouses which he sells for $28 each. Arthur has calculated the…
A: The markets in an economy are made up of two sides, the demand side and the supply side. The markets…
Q: Average fixed cost is 0 at zero level of output True/False
A: # Average fixed cost is given by the ratio of total fixed cost and total quantity.
Q: A company manufactures and sells book-cases .The selling price is $54.90 per book case.The total…
A: a. For total q units sold, Total Revenue (TR) is given by, TR=54.90q b. Given total cost (TC) is…
Q: Cost that is affected by a management decision is known as ____________ A. Historical cost…
A: The firms in the market bear a lot many costs and these costs affect the firms’ functioning and…
Q: Calculate variable cost if total cost is $400 and fixed cost is $120
A: The given information is as follows:- Total cost = $400 Fixed cost = $120 We need to find the…
Q: Calculate the explicit cost if accounting profit is $3000 and the total revenue is $3900
A: The information given to us is as follows:- Accounting profits = $3000 Total revenue generated by…
Q: When all the unit cost curves are below the MC curve, the AVC and AC curves are declining.
A: Ans. in step 2
Q: The total variable cost is $20 and the total fixed cost is $100 Calculate total cost
A: The information given in the question is :- Total variable cost which keeps on changing with output…
Q: Define the term Cost Reduction?
A: Cost reduction is the mechanism that businesses use to cut costs and increase profits.
Q: Rising per-unit production costs are most: Multiple Choice
A: A rise in the per-unit cost of production suggests that it will affect the supply adversely. The…
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: how to calculate total cost analysis
A: Objectives to calculate total cost analysis : Understand and define the critical variable and fixed…
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: Calculate total cost when TFC is $200 and TVC is $59
A: It's given that:- Total fixed cost = $200 Total variable cost = $59 We know that:- Total cost =…
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: Total variable cost is $40 and total fixed cost is half of it. Find total cost
A: According to the above mentioned question, the values are:- Total variable cost = $40 million Total…
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: What would be the value of average cost if total cost is $1600 and output is 24 units
A: The information being given is:- Total cost = $1600 Output = 24 units We have to calculate the…
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: contribution margin per unit. b. deciding whether fixed costs would change as a result of the…
A: When several products are sold by a company, the management will be interested in finding out…
Q: While drawing cost curves, the state of technology must be kept constant True/False
A: # Cost curve is drawn taking into use th fixed cost of the firm and the variable cost incurred by…
Q: Devin Fink was the manager of Precision Tune Auto Care in Charlotte, North Carolina. Randall Stywall…
A: Principal agent The elements of larceny by the employee are: “ (1) The defendant was an employee of…
Q: Ima Neworker requires 43 minutes to produce her first unit of output. If her learning curve rate is…
A: The learning curve is a graphical representation of how long it takes an individual to learn new…
Q: Problem Attached
A: Meaning of Cost: The term cost refers to the situation under which a firm occurs various expenses…
Q: 30. If the total variable cost is 50 and the total cost is 200, then we know that the total fixed…
A: Total cost = Total fixed cost + total variable cost. Using the definition of total cost we have.
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- Economic cost is equal to the sum of exiplicit and implicit costs. True/ Falsecustom-designed home, FD, the prime contractor, realized he was not going to make the big profit that he had anticipated due to the many unique features of the home for which he had not correctly estimated the cost to the owners. The contract was fixed-price with no more than 10% override on the total cost. As time proceeded, FD took the choices of the owners on appliances, finishing work on the floors and walls, and many other features and purchased look-alike substitutes from questionable-quality, internationallybased manufacturers and vendors. After living in the house for only 3 years, the owners were so disappointed with the quality of work that they decided to bring a law suit against FD and his company for breach of contract. However, they needed sound reasons upon which to base their legal claims against FD, were the case to go to court. One of the owners, being an engineer, decided to consult the Code of Ethics for Engineers to gain insight into what may be substantial…How many books will a publisher have to sell to breakeven if fixed costs are $100,000, the selling price perbook is $60, and the variable costs per book are $40?
- all average cost can be calculated by deriving the per unit cost. True or FalseWhen the variable cost is reduced for linear total cost and revenue lines, the breakeven point decreases. This is an economic advantage because:a. the revenue per unit will increase.b. the two lines will now cross at zero. c. the profit will increase for the same revenue per unit.d. the total cost line becomes nonlinear.Cost in oil and gas operations may be classified into a number of non-mutually exclusive groupings for decision making. Discuss the possible major cost classifications and factors that will affect a decision-maker’s classification of cost into one or more of these grouping s.s.