Which of the following is correct? The break-even point occurs when: Select one: O a. contribution margin per unit equals total fixed expenses. O b. total profit equals total expenses. O c. target profit equals to zero. O d. None of the given answer is correct. e. total variable expenses equal total contribution margin. Next page co EX5A-3 and Jump to... Appendix 5A

Q: Q48 Marginal cost is defined as the... a. Change in total cost resulting from an additional unit of…

A: Marginal cost is one of the cost of production. Cost is very important factor for a firm. There are…

Q: The parallel lines illustrate different levels of total spend on both factors. is it true or false

A: Iso-cost lines are representative of various combinations of two inputs (factors) that can be…

Q: Quantity 0 1 2 3 4 5678 No 9 10 TC TFC TVC ATC AFC 20 13 52 32 8 53 63 29 AVC 8 6.5 What is average…

A: Before selling the good to the market, one has to produce it. Production of the good has various…

Q: If a firm using only capital and labor doubles its labor input and output increase by less than 100…

A: 9. Answer is "Production exhibit decreasing returns to scale" A production function has decreasing…

Q: $8 betv its, $18.25

A: We have  When Output 7 units Total Cost is $150 Marginal Cost = $8 (between 7th & 8th unit) When…

Q: 8) Economic costs include costs, while accounting costs include Only implicit; both explicit and…

A: Economic cost and accounting cost are two ways to analyze the expenditure associated with a specfiic…

Q: Which statement is correct? Choose an answer O 1. The average fixed costs increase with the…

A: In long term, the price must be higher than the average cost  that means contribution margin must be…

Q: Consider the case of a manufacturing company which produces and sells brand pens. The selling price…

A: Given information:Total fixed operating cost (FC) = $2 millionTotal fixed financing cost (FCF) =…

Q: What is the effect on velocity if Congress outlaws the use of credit cards?

A: The term velocity refers to the number of times a dollar is used in economic transactions. It can be…

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: management of a firm wants to introduce a new product. The p -$2,850+$2.75Q that is the break-even…

A: At break even point total sales is equal to the total cost and there is no loss and no profit and…

Q: project's simple payback period is most nearly A. 3 years. B. 4 years. C. 6 years. D.5 years.

A: The payback time frame is the timeframe it takes to recuperate the expense of a venture or the time…

Q: Labor Quantity Total cost AFC AVC ATC 60 200 360 0 1 2 What is the Total Fixed Cost? O 60 O 200 0 8…

A: Fixed costs don't change based on the volume of sales or output. The number of products or services…

Q: What is the rule for maximizing profit for a competitive firm?

A: Since you have posted multiple questions we will provide answer for the first question as per our…

Q: When we are discussing Cost Volume Profit analysis how do costs behave? Why is cost behavior…

A: By examining costs behavior and the ways in which costs are predicted, and then we consider the…

Q: Input Total Product 20 32 42 50 55 58 8. 58 56 1. From the table given above, answer the following…

A: AP is the average product which is the ratio of total product and input.MP is the Marginal product…

Q: The Bluebird Factory reported $1,000,000 in total revenues and $60,000 total variable costs during…

A: Given: The total revenues are = $1,000,000 The total variable costs are = $60,000 To Find: The…

Q: 1. Given the following input-output relationship: Labor O Output O 1 10 Inputs X1 X2 2 14 A 825…

A: The input-output relationship is given below:LaborOutput00110214319427544657769871972Output Price =…

Q: Refer to the diagram, representing Slippery Slope Oil Company. What is the user cost of extracting a…

A: Given the price per Barrel = $70 Given the EC when quantity zero = $10

Q: #Units Produced 0 1 2 لا S A Use Table 4-3 200. 110. 70. Total Revenue 260. 0 600 780 What is the…

A: Average cost, also known as average total cost (ATC), is the total cost of producing a certain…

Q: Figure 7-1 $49 $43 $35 $25 FC 12 Reference: Ref 7-1 Given the curves shown in Figure 7-1, the…

A: Marginal cost refers to an additional cost of producing one more unit of output. It measures the…

Q: Camplete all missing valucs in table below: Labor Output Fixed Variable Total Average Average…

A: Labor Output(Q) Total Fixed cost VC($) TC=FC+VC($) AFC=TFCQ($) AVC=VCQ($) ATC=TCQ($)…

Q: Table 8.1 Q 0 1 ~34 2 3 5 6 P $30 $30 $30 $30 $30 $30 $30 TR $0 $30 $60 $90 $120 $150 $180 MR $30…

A: The cost function is an important tool in economics since it represents the relationship between the…

Q: 3. A firm has the capacity to produce 1,000,000 units of product per year. At present, it is able to…

A: Production refers to the goods and services that are produced in an economy.  Production is the…

Q: Output Total Fixed Cost Total Variable Cost $9 $0 1 $9 $5 $8 $9 $9 $10 4 $9 $11 $9 $12 dollars. The…

A: Total variable cost increases with increase in production and fixed cost is independent of output.

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…

Q: Diminishing total product, marginal product and average product characterize Stage 1. O True O False

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Minimum efficient scale occurs at an output of 10000 d. 35000 22000 e. 43000 c. 28000   At which…

A: We are going to find the production level responsible for minimum efficient scale and diseconomies…

Q: Which of the following factors co Select all that apply. A B C fixed capital costs that diminish…

A: Economies of scale refer to the cost advantages that a business can achieve as it increases its…

Q: Which of the following does NOT represent a fırm's explicit costs? O the firm's total accounting…

A: Explicit cost is the actual monetary expenditure to run a business Implicit cost is the opportunity…

Q: In the basic EOQ model, if total annual demand = 6000 units per year, ordering cost per order =…

A: Economic order quantity (EOQ) is the ideal quantity that a company should purchase to decrease…

Q: Question 17 2011 Product Quantity Price Meat Potatoes 200 133.3 O 93.0 O 143.3 120 O 150 2006 O 91.7…

A: The Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket…

Q: Suppose a firm only has $100 thousand dollars to spend in purchasing iron I and copper C to…

A: A budget constraint is an economic word that refers to the total amount of products you can afford…

Q: Marginal cost is given by 12 e0.5Q. Fixed cost is 56. What is the total cost? O a. 6e0.5Q + 56 O b.…

A: Given MC = 12e0.5Q            FC = 56

Q: 4. Given the information that follows: Sales - 750,000, explicit costs 450,000, return you could…

A: Given information:- Sales                       = $ 750 000 Explicit cost            = $ 450 000…

Q: Which action would decrease per unit costs? O a. Decreasing output when experiencing diseconomies of…

A: Economies of scale is when the increase in output decreases the long run average cost.Diseconomies…

Q: When a plant is still in the blueprint stage, the expected per-unit cost of producing alternative…

A: When evaluating the expected per-unit cost of producing alternative rates of output for a firm that…

Q: $15 $10 $5 1 2 3 he graph above shows the supply for a good. alculate the producer surplus for when…

A: Producer surplus(PS) is the economic benefit that producers receive when they sell services or items…

Q: D 0 1 2 3 4 5 TFC TVC 0 20 30 45 80 135 TC 60 AFC AVC ATC MC

A: Total Fixed cost is the cost incurred independent of the level of output. It is incurred even at…

Q: The total cost of Mr. Plow, a snow-removal business, is given in the table below. Quantity…

A: Total Profits of 5 drive ways = Total revenues of 5 driveways - Total cost of 5 drivewaysTotal…

Q: Refer to Table 5.1. Marginal cost (MC) is equal to average total cost (ATC) between 5 and 6 units of…

A: Cost is the total expenditure that is incurred in producing the output.average cost is the cost…

Q: Average total cost tells us the O 1) cost of the last unit of output, if total cost does not include…

A: A firm calculates average cost to determine their efficiency in the production process. A higher…

Q: The per-unit standards for direct labor are 2 direct labor H was $30000 for 4000 direct labor hours…

A: According to the question, Production unit - 2400 unitsLabor cost - $30000 for 400 labor hoursTotal…