Homework Answers
Request Answer!
We need at least 10 more requests to produce the answer.
0 / 10 have requested this problem solution
The more requests, the faster the answer.
Add Answer to:
Fixed costs if sales and production output rises substantially. fall O do not change Question 8...
Variable costs: A.vary per unit of output as production levels change. B. are fixed in total as production levels change...
Variable costs: A.vary per unit of output as production levels change. B. are fixed in total as production levels change. C. decrease per unit as production volume increases. D. are fixed per unit and vary in total as production levels change.
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...
Question 8 (1 point) 8. Total variable cost is the sum of all O costs that...
Question 8 (1 point) 8. Total variable cost is the sum of all O costs that rise as output increases. O costs of the firm's fixed factors of production. O costs associated with the production of goods. implicit costs. Question 10 (1 point) ATC; ATCA Average cost (cents per copy! 2 10 Quantity (thousands of copies per day 10. Dustin's copy shop can utilize four different levels of capital in the long run. The figure above shows the average total...
O. LULCI LADILOILUSI Uly. 2.00 O b. price of labor per unit multiplied by the number...
O. LULCI LADILOILUSI Uly. 2.00 O b. price of labor per unit multiplied by the number of la Flag question O units. c. total fixed cost plus total variable cost. d. the sum of marginal cost and total variable cost. Average fixed costs will Question 5 Not yet answered Points out of 2.00 P Flag Select one: a. rise as output rises. O b. rise then fall as output rises. C. fall then rise as output rises. d. fall as...
Question 26 1 pts Output Fixed (Q) Costs $500 Variable Costs $200 Total Costs Average Fixed...
Question 26 1 pts Output Fixed (Q) Costs $500 Variable Costs $200 Total Costs Average Fixed Average Average Total Marginal Costs Variable Costs Costs Costs $800 $75 $875 $925 $100 $625 What is the fixed cost of producing 3 units of the good? O $700 O $500 O $875 $375 $1,000
Costs which do not change with the level of output Costs which change with the level...
Costs which do not change with the level of output Costs which change with the level of output The change in total costs resulting from an increase in output by one unit [Escoger ] [Escoger) Linear Cost Function Surplus Variable cost Marginal cost Equilibrium Shortage Least Square Line Demand Function Fixed cost Profit Break-even point Loss Correlation Coefficient Function showing the quantities of a particular good demanded at a range of price When the quantity supplied of a good is...
Question Completión Status QUESTION 36 Average total cost is very high when a small amount of...
Question Completión Status QUESTION 36 Average total cost is very high when a small amount of output is produced because average variable cost is high average foxed cost is high marginal cost is high omarginal product is high QUESTION 37 Average total cost is increasing whenever total cost is increasing omarginal cost is increasing o marginal cost is less than average total cost o marginal cost is greater than average total cost QUESTION 38 Marginal cost equals total cost dvided...
Question 9 6 pts The chart below shows production costs including fixed costs, variable costs, and...
Question 9 6 pts The chart below shows production costs including fixed costs, variable costs, and total costs, marginal costs, avg. variable costs and avg. total costs, for a firm in the short run. Use this chart to answer the following questions. Quantity VC MC AVC FC SO TC 50 ATC 0 1 10 10 SO 2 3 A 100 110 50 20 4 50 130 B 5 С 120 40 34 The "A" in the chart is equal to...
Fixed costs are irrelevant in the decision about whether to shut down production in the short...
Fixed costs are irrelevant in the decision about whether to shut down production in the short run because fixed costs: do not affect, and are not affected by, the quantity the firm produces. can be paid off over time. only change when production changes only change in the short run |If a profit-maximizing perfectly competitive firm shuts down in the short run, it incurs no losses. it incurs an economic loss equal to total fixed cost. its profit equals zero....
Marginal cost is defined as: the change in total costs from producing one more unit of output. the change in fixed c...
Marginal cost is defined as: the change in total costs from producing one more unit of output. the change in fixed cost from producing one more unit of output. total cost divided by total output. total variable cost divided by total output. The marginal cost curve often decreases at first and then starts to increase. This is explained by: the law of diminishing returns. economies of scale. increasing ATC. From the information given in the following table, calculate the marginal...
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...
Question 8 (1 point) 8. Total variable cost is the sum of all O costs that rise as output increases. O costs of the firm's fixed factors of production. O costs associated with the production of goods. implicit costs. Question 10 (1 point) ATC; ATCA Average cost (cents per copy! 2 10 Quantity (thousands of copies per day 10. Dustin's copy shop can utilize four different levels of capital in the long run. The figure above shows the average total...
O. LULCI LADILOILUSI Uly. 2.00 O b. price of labor per unit multiplied by the number of la Flag question O units. c. total fixed cost plus total variable cost. d. the sum of marginal cost and total variable cost. Average fixed costs will Question 5 Not yet answered Points out of 2.00 P Flag Select one: a. rise as output rises. O b. rise then fall as output rises. C. fall then rise as output rises. d. fall as...
Question 26 1 pts Output Fixed (Q) Costs $500 Variable Costs $200 Total Costs Average Fixed Average Average Total Marginal Costs Variable Costs Costs Costs $800 $75 $875 $925 $100 $625 What is the fixed cost of producing 3 units of the good? O $700 O $500 O $875 $375 $1,000
Costs which do not change with the level of output Costs which change with the level of output The change in total costs resulting from an increase in output by one unit [Escoger ] [Escoger) Linear Cost Function Surplus Variable cost Marginal cost Equilibrium Shortage Least Square Line Demand Function Fixed cost Profit Break-even point Loss Correlation Coefficient Function showing the quantities of a particular good demanded at a range of price When the quantity supplied of a good is...
Question Completión Status QUESTION 36 Average total cost is very high when a small amount of output is produced because average variable cost is high average foxed cost is high marginal cost is high omarginal product is high QUESTION 37 Average total cost is increasing whenever total cost is increasing omarginal cost is increasing o marginal cost is less than average total cost o marginal cost is greater than average total cost QUESTION 38 Marginal cost equals total cost dvided...
Question 9 6 pts The chart below shows production costs including fixed costs, variable costs, and total costs, marginal costs, avg. variable costs and avg. total costs, for a firm in the short run. Use this chart to answer the following questions. Quantity VC MC AVC FC SO TC 50 ATC 0 1 10 10 SO 2 3 A 100 110 50 20 4 50 130 B 5 С 120 40 34 The "A" in the chart is equal to...
Fixed costs are irrelevant in the decision about whether to shut down production in the short run because fixed costs: do not affect, and are not affected by, the quantity the firm produces. can be paid off over time. only change when production changes only change in the short run |If a profit-maximizing perfectly competitive firm shuts down in the short run, it incurs no losses. it incurs an economic loss equal to total fixed cost. its profit equals zero....
Marginal cost is defined as: the change in total costs from producing one more unit of output. the change in fixed cost from producing one more unit of output. total cost divided by total output. total variable cost divided by total output. The marginal cost curve often decreases at first and then starts to increase. This is explained by: the law of diminishing returns. economies of scale. increasing ATC. From the information given in the following table, calculate the marginal...
Most questions answered within 3 hours.
-
When an object moves through a fluid, the fluid exerts a viscous
force F on the...
asked 30 minutes ago -
Why did the observed chemistry of thallium mislead Mendelev to
place the group 13 element (Tl)...
asked 1 hour ago -
A sine wave signal is displayed on the screen of an
oscilloscope. 6 peak-to-peak divisions are...
asked 4 hours ago -
a
1500 kg car accelerates from 0 to 25 m / s in 21.0s. How much...
asked 5 hours ago -
Calculate the molarity of each of the following solutions:
(a) 30.5 g of ethanol (C2H5OH) in...
asked 5 hours ago -
1 Refer to the build-borrow-or-buy framework as a decision tree
for the Adidas company. Identify a...
asked 5 hours ago -
Problem 2: The Problem of Social Cost. A Rancher and Farmer live
side-by-side to each other....
asked 7 hours ago -
a uniform bar of weight 40N is 4 meter long. weights
on 60N and 100N are...
asked 6 hours ago -
Define Diet counceling? What are the
responsibilities of a counselor?
asked 8 hours ago -
Hey im just confused about how to put the ' A angle n' and ' S...
asked 8 hours ago -
A short essay about the WSJ article on Oreo versus Hydrox.
asked 8 hours ago -
##8. A program contains the following function definition:
##def cube(num):
##return num * num * num...
asked 8 hours ago