Fixed Cost: It is a cost which is constant in the short run, it is not related to any change in the production of goods or service, it will be fixed disregarding of increase or decrease in output. Variable Cost: This cost is directly proportional to the level of output produced, it increase with increase in output and vice versa. To identify: Constant behavior of variable cost.

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Answer 1

Question

Chapter 21, Problem 5DQ

To determine

Fixed Cost:

It is a cost which is constant in the short run, it is not related to any change in the production of goods or service, it will be fixed disregarding of increase or decrease in output.

Variable Cost:

This cost is directly proportional to the level of output produced, it increase with increase in output and vice versa.

To identify: Constant behavior of variable cost.

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Answer 2

Question

Chapter 21, Problem 5DQ

To determine

Fixed Cost:

It is a cost which is constant in the short run, it is not related to any change in the production of goods or service, it will be fixed disregarding of increase or decrease in output.

Variable Cost:

This cost is directly proportional to the level of output produced, it increase with increase in output and vice versa.

To identify: Constant behavior of variable cost.

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Answer 3

Question

Chapter 21, Problem 5DQ

To determine

Fixed Cost:

It is a cost which is constant in the short run, it is not related to any change in the production of goods or service, it will be fixed disregarding of increase or decrease in output.

Variable Cost:

This cost is directly proportional to the level of output produced, it increase with increase in output and vice versa.

To identify: Constant behavior of variable cost.

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Answer 4

Question

Chapter 21, Problem 5DQ

To determine

Fixed Cost:

It is a cost which is constant in the short run, it is not related to any change in the production of goods or service, it will be fixed disregarding of increase or decrease in output.

Variable Cost:

This cost is directly proportional to the level of output produced, it increase with increase in output and vice versa.

To identify: Constant behavior of variable cost.

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Answer 5

Chapter 21, Problem 5DQ

To determine

Fixed Cost:

It is a cost which is constant in the short run, it is not related to any change in the production of goods or service, it will be fixed disregarding of increase or decrease in output.

Variable Cost:

This cost is directly proportional to the level of output produced, it increase with increase in output and vice versa.

To identify: Constant behavior of variable cost.

Answer 6

Chapter 21, Problem 5DQ

To determine

Fixed Cost:

It is a cost which is constant in the short run, it is not related to any change in the production of goods or service, it will be fixed disregarding of increase or decrease in output.

Variable Cost:

This cost is directly proportional to the level of output produced, it increase with increase in output and vice versa.

To identify: Constant behavior of variable cost.

Answer 7

Chapter 21, Problem 5DQ

To determine

Fixed Cost:

It is a cost which is constant in the short run, it is not related to any change in the production of goods or service, it will be fixed disregarding of increase or decrease in output.

Variable Cost:

This cost is directly proportional to the level of output produced, it increase with increase in output and vice versa.

To identify: Constant behavior of variable cost.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 21 - Prob. 1MCQ Ch. 21 - Prob. 2MCQ Ch. 21 - Prob. 3MCQ Ch. 21 - A Company’s standard for a unit of its single...Ch. 21 - Prob. 5MCQ Ch. 21 - Prob. 1DQ Ch. 21 - Prob. 2DQ Ch. 21 - Prob. 3DQ Ch. 21 - Prob. 4DQ Ch. 21 - Prob. 5DQ

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Chapter 21 Solutions