A sunk cost is one that a. does not vary with the level of output b....
A sunk cost is one that
|
a. does not vary with the level of output |
||
|
b. increases as the firm's production increases |
||
|
c. measures the value of self-owned resources |
||
|
d. can no longer be avoided |
Homework Answers
Sunk cost is those cost that the firm has to spend on and they cannot be avoided. these amount are already invested in the past and cannot for both. The answer is "C".
Add Answer to:
A sunk cost is one that
a. does not vary with the level of output
b....
QUESTION 1 Suppose that the price of labor, the only variable input used in production, increases from $100 to $120...
QUESTION 1 Suppose that the price of labor, the only variable input used in production, increases from $100 to $120 per day. The effect on costs will be: O a parallel shift in the total cost curve O a parallel shift in the fixed cost curve a parallel shift in the marginal cost curve a shift in total cost by different amounts for different quantities QUESTION 2 Your company produces peanut butter. An increase in the price of peanuts will...
please answer in an A, B, C, D format. Thank you. 3120 per day. The effect...
please answer in an A, B, C, D format. Thank you.
3120 per day. The effect on couts will be QUESTION 1 Suppose that the price of labor, the only variable input used in production, increases from 1100 a parallel shift in the total cost ourve parallels in the feed cost curve a parallel hit in the marginal cost curve a shift in total cost byderent amounts for different quantes QUESTION 2 Your company produces peanut butter. An increase in...
In economics, a cost which must be paid regardless of the level of output production is...
In economics, a cost which must be paid regardless of the level of output production is called Select one: a zero marginal cost b. elastic overhead c. a fixed cost d diminishing returns When a technology improvement increases the output per employee, then the cost per unit of output will Select one: a decrease b. increase c. not change d become negative c
What does a straight-line production possibilities curve illustrate? The opportunity cost of production does NOT vary...
What does a straight-line production possibilities curve illustrate? The opportunity cost of production does NOT vary along the curve. The output combinations along the curve provide equal levels of satisfaction to consumers. The opportunity cost of production of the good on the Y-axis increases as you move down along the curve. The market price of the two goods is the same everywhere along the curve.
How does one determine what a sunk cost is?
How does one determine what a sunk cost is?
How does one determine what a sunk cost is?
How does one determine what a sunk cost is?
A sunk cost A. May be shifted to the future with little or no effect on...
A sunk cost A. May be shifted to the future with little or no effect on current operations. B. Cannot be avoided because it has already been incurred. C. Does not arise from an actual transaction recognized in the accounting records, but is relevant to the decision-making process. D. Varies with the action taken and therefore has an effect on the decision to be made.
The relationship between a firm's level of output and level of inputs is given by... economic...
The relationship between a firm's level of output and level of inputs is given by... economic costs. a marginal cost curve. a production possibilities frontier. the production function. an average cost curve. Economics defines the "long run" as a time period where... all inputs are variable. output is variable. all inputs are fixed. fixed costs must be paid. all inputs but one are fixed. What is the marginal cost of wheat? The cost of producing the cheapest bushel of wheat....
Choose a,b,c,d 8. Diseconomies of scale exist when A) the firm's total cost falls as the...
Choose a,b,c,d
8. Diseconomies of scale exist when A) the firm's total cost falls as the level of output increases. B) the firm's total cost increases as the level of output increases. C) the firm's average cost decreases as the level of output decreases. D) the firm'sqverage cost decreases as the level of output increases. i . on were a is outnut and all fixed costs
A sunk-cost monopoly is most likely to result if a single firm: A) is the only seller in a small town or community. B) i...
A sunk-cost monopoly is most likely to result if a single firm: A) is the only seller in a small town or community. B) is investor owned, but granted the exclusive right by the government to operate in a market. C) experiences long-run increasing economies of scale over a wide range of output. D) has made extensive investments in advertising to establish brand-name recognition among consumers.
QUESTION 1 Suppose that the price of labor, the only variable input used in production, increases from $100 to $120 per day. The effect on costs will be: O a parallel shift in the total cost curve O a parallel shift in the fixed cost curve a parallel shift in the marginal cost curve a shift in total cost by different amounts for different quantities QUESTION 2 Your company produces peanut butter. An increase in the price of peanuts will...
please answer in an A, B, C, D format. Thank you.
3120 per day. The effect on couts will be QUESTION 1 Suppose that the price of labor, the only variable input used in production, increases from 1100 a parallel shift in the total cost ourve parallels in the feed cost curve a parallel hit in the marginal cost curve a shift in total cost byderent amounts for different quantes QUESTION 2 Your company produces peanut butter. An increase in...
In economics, a cost which must be paid regardless of the level of output production is called Select one: a zero marginal cost b. elastic overhead c. a fixed cost d diminishing returns When a technology improvement increases the output per employee, then the cost per unit of output will Select one: a decrease b. increase c. not change d become negative c
The relationship between a firm's level of output and level of inputs is given by... economic costs. a marginal cost curve. a production possibilities frontier. the production function. an average cost curve. Economics defines the "long run" as a time period where... all inputs are variable. output is variable. all inputs are fixed. fixed costs must be paid. all inputs but one are fixed. What is the marginal cost of wheat? The cost of producing the cheapest bushel of wheat....
Choose a,b,c,d
8. Diseconomies of scale exist when A) the firm's total cost falls as the level of output increases. B) the firm's total cost increases as the level of output increases. C) the firm's average cost decreases as the level of output decreases. D) the firm'sqverage cost decreases as the level of output increases. i . on were a is outnut and all fixed costs
Most questions answered within 3 hours.
-
For the reaction 1N2+3H2-----> 2NH3, would the reaction rate
trend be: delta[NH3]/ delta t = -2...
asked 10 minutes ago -
A sock stuck to the side of a clothes-dryer barrel has a
centripetal acceleration of 24...
asked 58 minutes ago -
A perfect gas undergoes an isentropic process such that its
volume doubles. If the ratio of...
asked 1 hour ago -
list the elements in groups 3A to 6A in the same order as in the
periodic...
asked 1 hour ago -
Estimating effect size. Peng and Chen (2014)
evaluated effect size estimates for various tests. In their...
asked 1 hour ago -
Write a script in MySQL that creates and calls a stored
procedure name test. This procedure...
asked 1 hour ago -
If we test the following: H0: μ = 17
vs. H1: μ ≠ 17 and the...
asked 1 hour ago -
in the past year TVG had revenues of 3 million, cost
of goods sold of $25...
asked 1 hour ago -
4) In a polypeptide, which bond cannot rotate because of its
partial double bond character?
The...
asked 2 hours ago -
Assume that in the short run L = 1,000 and K = 100. 1. What is...
asked 2 hours ago -
At a given temperature, 2.06 atm of H2 and 3.7 atm of Br2 are
mixed and...
asked 2 hours ago -
Sodium reacts with Hydrochloric acid to form sodium chloride and
hydrogen gas. 2Na(s)+ 2 HCl(aq)-> 2...
asked 2 hours ago