When making decisions, which of the following costs should be ignored? O average costs ) sunk costs O total costs O marginal costs O None of the above - no costs should be ignored.
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A: Marginal cost refers to additional cost incurred due to one more unit of output of produced.
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A: The answer is as follows:-
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Q: otal cost is equal to average cost times marginal cost. a. True O b. False
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A: We have given the cost schedule in which fixed cost is $1000
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A: *Answer:
Q: Marginal cost given by: Kos marjinal diberi oleh: MC STC 32+180-1202 %3D and FC = 43 Find: Carikan:…
A: MC = 32+18Q-12Q2 FC = 43
Q: Answer saved What is the average variable cost? Marked out of 2 P Flag question Select one: O a. AVC…
A:
Q: Which of the following is correct? The break-even point occurs when: Select one: O a. contribution…
A: Break even point occurs where the Total Revenue is equal to the total cost.
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A: Average Cost is the per unit cost , here we calculate the AVC by using the given information and…
Q: (Table) Based on the table, Output is the total cost when producing twenty-one units. Assume TFC =…
A: Total cost is the total economic cost which incurs in the process of production of that good.
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A: If economic profits are negative then the Accounting profits are below opportunity cost. Hence…
Q: Total cost is equal to average cost times marginal cost. a. True O b. False
A: # Total cost is referred to be as the sum of total fixed costs and the total variable costs which…
Q: A. Negative, since it may improve your grade. B. Zero, because studying is required by the school. O…
A: The opportunity cost the cost of the next best alternative foregone. This concept is widely used in…
Q: Which of the following statements is false? Manufacturing Overhead Costs are: Select one: O a. None…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
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Q: Total revenue minus total cost is equal to Lütfen birini seçin: O A. profit. O B. marginal cost O C.…
A: Total revenue is price multiplied by quantity. Total cost is average cost multiplied by quantity.
Q: Quèstion 25 Opportunity cost is considered as: O Implicit cost O Explicit cost O Accounting cost…
A: Opportunity Cost is the value of next best alternative (which is available after choosing the…
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Q: Which of the following statements is false? Manufacturing Overhead Costs are: Select one: O a None…
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A: A Sunk cost is a cost that has already been incurred and cannot be recovered.
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A: Equivalent uniform annegnual worth(EUAW) = Equivalent uniform annual benefits (EUAB) - Equivalent…
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Q: 13 When average total cost is at is minimum A erage variable cost a decreasing baverage total cost…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: 4. Average cost is defined as O a. total cost divided by marginal cost. b. total cost divided by…
A: The average cost is the cost that is calculated by the dividing sum of fixed and variable cost by…
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A: Answer to the question is as follows:
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A: Given information: A firm produces and sells staplers. 5000 staplers are produced and sold at $10…
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A: Explicit costs are those cost that is incurred out-of-the-pocket by the firms. This implies explicit…
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A: The marginal cost is the additional cost of producing an additional unit of output. It is the…
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A: Surplus is usually used in economic context in areas like consumer surplus, surplus wage, producer…
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A: cost refers to the monetary worth of products and services purchased by producers and customers.…
Q: Quantity Total Revenues Explicit Costs Implicit Costs 4. 50 40 10 75 67 15 6. 100 100 20 7. 125 132…
A: Accounting profit = Total Revenue - Explicit costs
Q: Attempts: Keep the Highest: 14 3. The relationship between marginal and average costs Consider the…
A: Use below formula to fill the table:
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A: Given, Total variable cost, TVC = 3q2 The total fixed cost, TFC = 787 The avoidable fixed cost,…
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.
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A: The firm is minimizes the cost by producing good at the point where the marginal cost of producing…
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- How does fixed cost affect marginal cost? Why is this relationship important?What is die difference between accounting and economic profit?Refer to the diagramhe ight. The vtal diterence beween curves Fand G measures OA fxed costs O B. marginal costs OC. average fred costs O D. sunk costs. Quantily of oulpul
- Marginal cost given by: Kos marjinal diberi oleh: TC MC = 32+180-120' and FC 43 Find: Carikan: (a) Total Cost / Jumlah kos (b) Average Cost/ Kos purata (c) Variable Cost/ Kos berubahWhat is the total cost associated with producing eight units of the control varlable, a (identify point B in the tablej? 34 Marginal Harginal Harginal Net Bеnefit Control Total Net Costs Benefits Benefit Total variable Benefits Cost Sepped B(Q) C(Q) MB(0) MC(0) MND (0) 900 100 800 900 100 800 2 1,700 300 800 200 600 2,400 600 1,800 700 E 400 1,000 1,500 400 500 2,000 2,000 1,800 1,400 4 600 200 3,500 500 3,900 2,100 D 600 -200 4,200 4,400 4,500 2,800 300 700 -400 800 200 800 -600 4,500 100 900 -800 10 4,500 5,500 -1,000 1,000 -1,000 Mutiple Choice 3,000 3,600 3,800 4,200Pls answer with step with solution ty I give thumbs up..
- What is the marginal cost associated with producing three units of the contral variable, O (identify point E in the tablej? 36 Total Total Costs Benefits Benefit Net Marginal Marginal Narginal Net Bеnefit Control variable Benefits Cost MB(0) MC (Q) MND (0) Sepped B(Q) C(0) 900 100 800 900 100 800 2 1,700 300 800 200 600 2,400 600 1,800 700 E 400 4 1,000 2,000 600 400 200 3,500 1,500 2,000 500 500 600 1,800 1,400 3,900 2,100 D -200 4,200 4,400 2,800 300 700 -400 200 100 800 800 -600 4,500 4,500 900 -800 10 4,500 5,500 -1,000 1,000 -1,000 Mutiple Choice 50 100 200 300Total Costs (000s of dollars) 20 000 18 000 16 000 14 000 12 000- 10 000- 8 000 6 000 4 000 2000 0 4000 0 2000 5 1000 10 15 20 Output (golf carts per month) TC TVC Refer to the figure. How much is the total cost (TC) when the total output is zero? TFC T 25 30Are ordeing costs and carying couts cconomic ording quantily of mathial?