When a cost base does not change regardless of the activity the cost is a fixed cost. True False 1 points QUESTION 2 Fix cost does not remain consistent when activity changes. True False 1 points QUESTION 3 Fixed cost per unit is not fixed. True False 1 ...
Fixed expenses minus variable expenses equals total expenses. a. True b. False True or False: Variable manufacturing overhead become part of a unit's cost when variable costing is used. Both variable and fixed manufacturing overhead costs are included in the manufacturin...
Total profit is maximized at the output level where the difference between total revenue and total cost is greatest. In the illustration, this occurs at the output level q0. At the output level q0, total revenue equals TR0, total cost equals TC0, and total profit is the d...
C. the total cost of production minus the variable cost of production is the marginal cost ofproduction. D. the total cost of production equals the variable cost of production. E. the total cost of production equals the fixed cost of production and the variable cost ofproduction equals zero....
帮忙解一道英文的微观经济题~不是翻译~回答随便用英文或是中文,You are asked to advise a monopolist who is producing 5,000 units with total revenues of $25,000.The marginal cost equals ATC,total fixed costs are $10,000,average
In economics, average total cost (ATC) equals total fixed and variable costs divided by total units produced. Average total cost curve is typically U-shaped i.e. it decreases, bottoms out and then rises.A firm’s total cost is the sum of its variable costs and fixed costs. Variable ...
When marginal cost is above AVC, AVC is rising (Arnold).Average total cost equals the sum of the average fixed costs and the average variable costs. In the figure below, you will see that as the average variable costs rise the average total cost gets closer and closer.In the long run ...
The breakeven point in units equals fixed costs divided by the difference between unit price and unit variable cost. Fixed costs were $160,000 [($300,000 sales – $180,000 VC) + $40,000 NOL], units sold equaled 24,000 ($300,000 sales ÷ $12.50 SP), and unit variable cost was ...
Answer to: Average total cost equals marginal cost plus average fixed costs. True False By signing up, you'll get thousands of step-by-step...
Price times quantity minus total cost equals A. total revenue. B. fixed costs. C. marginal revenue. D. profit. If price is greater than marginal cost but not average total cost, then: a. the firm is experiencing diminishing margi...