Explain which of these are variable costs.

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Answer 1

Question

Chapter 12, Problem 1IP

(a)

To determine

Explain which of these are variable costs.

(b)

To determine

Explain which of these are fixed cost.

(c)

To determine

Explain what happens to average total costs, if output increases.

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Students have asked these similar questions

The cost curve for producing widgets passes through the following points and is piecewise linear in between. Solve, a. What is the fixed cost of producing 600 widgets? b. What is the variable cost of producing 600 widgets? c. What is the cost per unit if only 400 widgets are produced?

Answer 2

Question

Chapter 12, Problem 1IP

(a)

To determine

Explain which of these are variable costs.

(b)

To determine

Explain which of these are fixed cost.

(c)

To determine

Explain what happens to average total costs, if output increases.

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Check out a sample textbook solution

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Answer 3

Question

Chapter 12, Problem 1IP

(a)

To determine

Explain which of these are variable costs.

(b)

To determine

Explain which of these are fixed cost.

(c)

To determine

Explain what happens to average total costs, if output increases.

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Answer 4

Question

Chapter 12, Problem 1IP

(a)

To determine

Explain which of these are variable costs.

(b)

To determine

Explain which of these are fixed cost.

(c)

To determine

Explain what happens to average total costs, if output increases.

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Answer 5

Chapter 12, Problem 1IP

(a)

To determine

Explain which of these are variable costs.

(b)

To determine

Explain which of these are fixed cost.

(c)

To determine

Explain what happens to average total costs, if output increases.

Answer 6

Chapter 12, Problem 1IP

(a)

To determine

Explain which of these are variable costs.

Answer 7

Chapter 12, Problem 1IP

(a)

To determine

Explain which of these are variable costs.

Answer 8

(b)

To determine

Explain which of these are fixed cost.

Answer 9

(b)

To determine

Explain which of these are fixed cost.

Answer 10

(c)

To determine

Explain what happens to average total costs, if output increases.

Answer 11

(c)

To determine

Explain what happens to average total costs, if output increases.

Answer 12

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Answer 13

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Answer 14

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Answer 15

Ch. 12.1 - Prob. 1Q Ch. 12.1 - Prob. 2Q Ch. 12.1 - Prob. 3Q Ch. 12.1 - Prob. 4Q Ch. 12.1 - Prob. 5Q Ch. 12.1 - Prob. 6Q Ch. 12.1 - Prob. 7Q Ch. 12.1 - Prob. 8Q Ch. 12.1 - Prob. 9Q Ch. 12.1 - Prob. 10Q

Explain which of these are variable costs.

Solution Summary: The author explains that variable costs include manufacturing labor, materials, and possible sales costs. Fixed costs are factory overhead, profit, operating expenses, research development, interest and advertising.

Explain which of these are variable costs.

Explain which of these are fixed cost.

Explain what happens to average total costs, if output increases.

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Chapter 12 Solutions