Question: The costs which vary as the level of putput varies are called: ) Prime costs ) Indirect costs =) Real costs 1) None of these

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A: This is used in chemical firm where there is Direct relationship between pipe flow capacity and…

Q: MC ($) 7,259 Students AC ($) Total cost ($) Undergraduate 13,750 7,659 105,311,250 27,500 6,548…

A: The data of cost structure for undergraduates and graduates is given. Total Cost is the sum of all…

Q: Question 13 The cost index method is used estimate the cost of a component, system, or plant by…

A: Cost index are some of the time likewise alluded to as information records. The expense file…

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: During the last few days the Superior Company has been running into problems with its computer…

A: Some basic concept of cost theory are  Total cost TC = total fixed cost FC+ variable cost VC.…

Q: An owner of a firm estimates that the average total cost is $6.71 and the marginal cost is $6.71 at…

A: The information given here indicates that the average total cost, as well as the marginal cost of…

Q: One of the components of direct cost of construction projects is equipment cost where a contractor…

A: The cost of rented or owned construction equipment, as well as the costs of fuel, loading,…

Q: QUESTION TWo The costs of operating the canteen at 'Eat a lot Company' for the past three months…

A: (i) and (ii) Month Cost (TC) No. of employee Variable cost (VC) Fixed cost (TC - VC) December…

Q: If both the fixed and variable costs associated with a product decrease, what will be the effect on…

A: The breakeven point is determined by partitioning the fixed costs of production by the cost per unit…

Q: The following is cost information for the Creamy Crisp Donut Company. Entrepreneur's potential…

A: Answer: Normal profit: normal profit occurs when the value of economic profit is zero. Economic…

Q: How would the following cost be classified? Rent that would be received if an owned building were…

A: In economics, costs are classified based on their impact on an individual such as direct cost or…

Q: Calculate the following variables for the Scenario A given below: • Explicit (Accounting) Cost, •…

A: Given details:- Business Information( per annum ):- Company's revenue          = $ 95,000…

Q: (2) Minimize the average cost for the following total cost function (TC) by finding out (a) average…

A: Since you have asked a question with multiple subparts, we will solve the first three subparts for…

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: Given below is a numbered list of cost terms. For the given definition statement. '_____ costs can…

A: The costs and revenue of the firms play an important role in the smooth functioning of the firms.…

Q: referring to the cost table above, what is the total cost if quantity produced equals 100 units? a.…

A: Total cost is the overall cost which incurs in the course of production.

Q: q3- The average total cost curve is increasing when marginal cost is:   Select one: a.…

A: The relationship between ATC and MC is: When the MC curve is above the ATC curve then the ATC…

Q: By doubling a machine's inputs, the output increases three times. How does this affect cost and what…

A: The total cost incurred by a firm operating in a market includes fixed costs and variable costs.…

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: What is the relation between fixed costs and total costs?   Question 5 options:   Two of the other…

A: Fixed cost is a component of total cost and is defined as the cost of production that does not…

Q: Which of the following does NOT represent a fırm's explicit costs? O the firm's total accounting…

A: Explicit cost is the actual monetary expenditure to run a business Implicit cost is the opportunity…

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

A: We can re-create the table correctly as follows.

Q: Given that fixed cost =230 and variable cost=12Q ; the total cost of producing 30 units of output…

A: The amount of product produced determines variable costs. Labor, commissions, and raw materials are…

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: Which of the following statements about cost drivers in ABC systems is FALSE? 1 cost driver for a…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: For the following problem, what would be the objective function that aims at minimizing the total…

A: Given,

Q: In detail, What is one example of a non-linear cost function and explain what factors cause the…

A: A cost function whose graph of total cost within a relevant range is not a straight line is defined…

Q: how to calculate total cost analysis

A: Objectives to calculate total cost analysis : Understand and define the critical variable and fixed…

Q: Activity: Illustrate and explain the following concepts: a. Least cost factor combination using…

A: (Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: A construction crew (that is currently unemployed and receiving $10/hr. in benefits) to fix a road.…

A: In the question above, it is given : Unemployed Crew is receiving $ 10 per hour in benefits. Cost…

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

A: Disclaimer:- Since you asked multipart question we are solving the firs 3 subparts as per guidelines…

Q: Which of the following statements about direct and indirect costs is/are likely to be true? Note:…

A:

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: 560 and total variable costs as indicated in the table. Complete the table and check your…

A: *Answer:

Q: if average variable cost is 15, and total variable cost is 180 and total fixed cost are * 120, then…

A: The fixed costs do not change (remain constant) with the change in the quantity of output and the…

Q: Classify each of the following cost items as mostly fixed or variable: a. Raw materials d.…

A: Costs are the expenses that firms incur in the production of goods and services. Fixed costs are the…

Q: Classify the following costs into either being product cost or period cost:(a) Raw material costs(b)…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: The differences between total costs and variable costs is given by sunk costs

A: ANSWER STEP-1 The Differences Between Total Costs And Variable Costs Is Given By Sunk Costs True…

Q: Al Mardoof Company paid different types of costs for different output levels as shown in the given…

A: From the graph, we can see that the variable cost is depicted by the Green line. The cost is on the…

Q: Q.6 To express relationship between the average cost functions, which of the following is true: (a)…

A: # We know well that the total cost function is given by the sum of total fixed cost and total…

Q: If a hospital cafeteria is the activity to receive indirect cost allocation for the year, cost…

A: Indirect cost is the cost of something that is not directly involved in making a particular product…

Q: Product Costs Pietro Frozen Foods, Inc., produces frozen pizzas. For next year, Pietro predicts…

A: Hello. Since your question has multiple sub-parts, we will solve first three sub-parts for you. If…

Q: The variable cost per unit varies with output, whereas the fixed cost per unit is constant." Do you…

A: Total variable cost (TVC) is the total cost component that changes with a change in output, so AVC =…

Q: Which of the following describes an implicit cost? NO opportunity cost is involved. NO outlay of…

A: Cost can be of two types, explicit cost and implicit cost.