2020 total fixed costs2020 unit variable costsa.DecreasedIncreasedb.DecreasedDecreasedIncreasedIncreasedс.d.IncreasedDecreasedPesos,G In the profit-volume chart next page, EF and GH represent the profit-volume graphs of asingle product company for 2019 and 2020, respectively. If 2019 and 2020 unit sales pricesare identical, how did total fixed costs and unit variable costs of 2020 change compared to2019?

Here, considering the profit volume graphs of 2019 & 2020, the sales prices are same, and…

Answered: 2020 total fixed costs 2020 unit…

2020 total fixed costs 2020 unit variable costs a. Decreased Increased b. Decreased Decreased Increased Increased C. d. Increased Decreased Pesos, H

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 33CTQ: Average cost curves (except for avenge fixed cost) tend to be U-shaped, decreasing and then...

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Question

2020 total fixed costs
2020 unit variable costs
a.
Decreased
Increased
b.
Decreased
Decreased
Increased
Increased
с.
d.
Increased
Decreased
Pesos,
G

In the profit-volume chart next page, EF and GH represent the profit-volume graphs of a
single product company for 2019 and 2020, respectively. If 2019 and 2020 unit sales prices
are identical, how did total fixed costs and unit variable costs of 2020 change compared to
2019?

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