Molowing statoments is true? O An explicit cost is more important, dolar for dollar, than an implicit cost. O An eplicit cost is an actual cost an implicit cost isa theoretical cost O Economic costs include both eplicit costs and implicit costs O Explot costs ae accounting costs, not econemic costs, implicit costs ae economic costs, not accounting cos

Q: When making decisions, which of the following costs should be ignored? O average costs ) sunk costs…

A: The firm produces the goods and services and results in the cost of the production. The firm uses…

Q: Variable Output -42 1 2 3 TVC TC AFC 400 700 O $200 O $250 1000 4 Use the above table and assume…

A: We have given the cost schedule in which fixed cost is $1000

Q: 1. Rhodies Road Bikes are at it again... This time they're building light weight alloy frames. The…

A: A cost is basically the worth of money that has been spent to create something or supply a service…

Q: VT Company's breakeven point is 4,000 units. It's product sells for $20 per unit and has a variable…

A: Total cost is a sum of fixed cost and variable cost. Fixed cost does not depend on quantity and…

Q: According to Little's Law, which statement is correct for a stable process: O a. For a given…

A: Consider the Little's Law: L = λ x W Where, L = L can be considered as the quantity of the average…

Q: Sales 3,000 units Sales price $70 per unit Variable cost $50 per unit Fixed cost $25,000 If the…

A: Given: If the dollar contribution margin increased by = 10% The total fixed cost is decreased by =…

Q: Total revenue minus explicit and implicit costs equals which of the following? excess profits O…

A: The total amount of income being generated by a company through the sale of its goods and services…

Q: Suppose Lorenzo is currently using co per day. Now, suppose Lorenzo is currently usi per day. From…

A: The possibility curve shows various combination of two goods that a producer can produce by using…

Q: PRICE MARGIN AL ТОТА AVER AGE WORKE AVER AGE MAR GINA OUTPU AVERA ТОТА MARG INAL Т (Total | (P)…

A: A production function uses the factors of production (like labour, capital, technology, raw…

Q: Given that fixed cost 330 and varioble cost+120: the totol varioble cost of producing 30 unts of…

A: Total cost is the sum of fixed cost and variable cost

Q: If Sherry produces three pairs of earrings, her total variable costs are: Number of Earrings TVC MC…

A: Given  TVC = AVC ×Q  TFC = AFC× Q  TC = -TVC + TFC  TC = ATC × Q  TFC = TC at 0 units of production.…

Q: Inder which of the folowing axamples is tlikaly that the accounting profit is positive and the…

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

Q: 2 Let C(x)= x2 +4x+1 dollars be the cost function, where the x represents the quantity. The estimate…

A: Marginal cost is the additional cost of producing an additional unit.

Q: Using the following assumptions calculate the marginal cost of both a simple cycle and combined…

A: Answer - "thank you for submitting the question.But, we are authorized to solve only 3 subparts.…

Q: Metters Cabinets, Inc., needs to choose a productionmethod for its new office shelf, the Maxistand.…

A: Profits for a producer are maximized where the total cost per unit of production is least . Total…

Q: 61. The average total cost pf producing 50 units is Rs.250 and total fixed cost is Rs.1000. What is…

A: There are basically two types of costs i.e. fixed costs and variable costs. Fixed costs remain…

Q: The Calculus of a Firm's Cost Stracture Caleulus Appendis Figure li Out: Qustin l4 Steve and Sons…

A: In the long run, all the inputs becomes variable. Totat Cost = wL + rK Production function, Q = 4KL

Q: Hactory produces 20 units of output. Its average faed cost (AFC) - $25, everage total cost (ATC) -…

A: Output: Q=20 AFC=$25 ATC=$35 MC=$15   Variable cost is that cost which varies with output…

Q: Refer to Table Cost.EX2. When production is 3 units, the firm's average total cost is about O No…

A: Total cost is the sum of total fixed costs and total variable costs.  Average total costs is total…

Q: Large, stationary equipment such as tabletops cannot be placed in the sink ike pots and pans, so…

A: Due to various diseases spreading after the COVID 19 breakdown, everything must be taken care of…

Q: A microbrewery was built in 2014 at a total cost of $650,000. Additionalinformation is given in the…

A: Weighted index for 2020 (in terms of 2000 indices) can be calculated as follows.

Q: Q.(i) . Selling Price :Rs. 12 Per Unit Variable Cost : 2/3 of SP Fixed Cost :Rs. 40,000 You are…

A: Hello. Since you have posted multiple questions and not specified which question needs to be solved,…

Q: You're company manufactures on large scale unit and it has been shown that marginal or variable cost…

A: Answer- Need to find- Determine by integration the total cost, the total revenue , the break even…

Q: and unit oor cost is 3 o. the a erhead fixed costs are $ 500,000 and the promotion and advertising…

A: Contribution margin, or dollar commitment per unit, is the selling cost per unit less the variable…

Q: Suppose a fim has hwo plants with the folowing coets ParttC,-at-1000 1.000.000 and Part 2 -15-s00g…

A: The average cost is the cost per unit of output. The average cost would be a function of output or…

Q: The lawn ranger , a landscaping company , has total costs of $5,000 and total fixed cost of $3000…

A: Given information: Total costs = $5000 Total fixed cost = $3000 TC = TFC+TVC 5000 =…

Q: Are fixed costs considered to be anticipated or unanticipated costs? Are variable costs considered…

A: Fixed cost and variable costs are both parts of production costs, which indicate the total spending…

Q: "o firms products are w unt cost functions are C For this unique product pur rival simultaneousl on…

A: A)  Here, in the case that the firm don't take the venture/investment the benefit would be 54080 for…

Q: Which of the following statements related to cost estimation methods is false? a. The three methods…

A: Cost estimation accounts for each of the element being required for the project and in turn…

Q: 7. Çalculating costs in an economic evaluation is very important. Classify the following costs as…

A: Direct cost is the cost which is directly relates with healthcare facilities or cost which defines…

Q: Ajuce company has found that the marginal cost of producing x pints of hresh-4queezed orange juice…

A: Given,  Marginal Cost of 'x' juices : C'(x)=0.000007x2-0.0035x+4 (in dollars) We need to find the…

Q: A hollow biocks making business can produce 15,000 pieces per week. Their manager determined that in…

A: Here we calculate the profit efficiency by the following method as follow;

Q: Tatal Fixed Cost (TFC) Tatal Variable Tatal Cast Ouput AFC AVC ATC I MC (TPP) Cast (TVC) (TC) 40 70…

A: Meaning of Cost: The term cost refers to the situation under which a firm occurs various expenses…

Q: 1-16 Ray Bond sells handcrafted yard decorations at county fairs. The variable cost to make these is…

A: The production level at which the costs are equal to the revenues for a product is known as the…

Q: is t possible for accounting profit to be positive and economic profito be negative? OA No, economic…

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

Q: Quest io n 12 A manufacturer can sell a certain product for R80 per unit. Total cost consists of a…

A: Answer: The total cost function is given below: Cx=Fixed cost+variable cost×quantityLet the quantity…

Q: Refer to Table Cost.EX2. When production is 3 units, the firm's average total cost is about O No…

A: total cost is the total cost which is incurred by producer in producing goods and services , it…

Q: You are running a non-location bound business in downtown Birmingham. This means that you can move…

A: To make the wisest decision seller must have to consider all tha factore that can affect his or her…

Q: Amazing Airlines has the following customer metrics: Average customer relationship length: 8 years…

A: Customer lifetime value is the total value that a customer provides to a particular business over…

Q: Salisbury Smacthie Co maltes betucen O and lo00 Smacathies each manth. Their fixed costs $2000 a…

A: Note: Since, you've posted question with multiple sub-parts, we will solve the first the first three…

Q: 2. Which one of the following is average total cost (ATC) if the output is 100 units and total cost…

A: Average cost or unit cost is equal to total cost divided by the number of units of a good produced…

Q: An artisanal manufacturing plant has 30 horsepower of connected load and consumes 2,800…

A: Introduction A consumer consumes 2800 kilowatt hours monthly and the manufacturing load of the plant…

Q: Prevamng lotal cost and output is given in the following: Output = 0, 10, 20, 30, 40, 50, 60, 65,…

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

Q: A construction contractor has undertaken a job with 7 major tasks. Some of the tasks can begin at…

A: Solve with the help of formula

Q: Cost LRAC 40 30 20 N 10 100 200 400 800 Output a. What is the cost per unit when the firm produces:…

A: Total Cost per unit of output is also called average cost. The figure shows long run run Average…

Q: Using the following assumptions calculate the marginal cost of both a simple cycle and combined…

A: SIMPLE CYCLE GAS GENERATOR  Heat Rate = 10 GJ/MWH O& M Costs = $3.50  $ /MWH----(i) Tonnes of…

Q: Given that the profit function of a company is linear, if the manufacturer produces more than the…

A: The linear profit function measures the difference between the linear total revenue function and the…

Q: 22. Ahmed's Pizza House sells extra-large deluxe pizza at OMR 9,000 per pizza. The cost of…

A: The average fixed cost is calculated as follows.

Q: 11. If average total cost is 100 for a given output and marginal cost is 70) we then know that…

A: Average fixed cost refers to the fixed cost per unit.