Explanation Given information: A company where the fixed costs are zero (or very small). An example of a company where the fixed costs are zero (or very small) would be a small company with a little number of employers... To determine (b) To find: An example of a company where the marginal cost is zero or very small.

6th Edition

ISBN: 9781119267874

Author: Hughes-Hallett

Publisher: WILEY

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Question

Chapter 1.4, Problem 6P

To determine

(a)

To find:

An example of a company where the fixed costs are zero or very small.

To determine

(b)

To find:

An example of a company where the marginal cost is zero or very small.

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Chapter 1.4, Problem 5P

Chapter 1.4, Problem 7P

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Chapter 1 Solutions

APPLIED CALCULUS-WILEYPLUS

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(a) To find: An example of a company where the fixed costs are zero or very small.

Solution Summary: The author explains that a company where fixed costs are zero (or very small) would be an art studio doing commissions.