Fixed cost: Fixed cost can be defined as the cost that is constant in the short run. It is not affected by any change in the production of goods or service and remains fixed irrespective of any increase or decrease in the output. Variable cost: Variable cost can be defined as the cost that is directly proportional to the level of output produced. It increases with an increase in the output and vice-versa. To identify: Whether the given costs are fixed cost or variable cost.

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Answer 1

Question

Chapter 21, Problem 1E

To determine

Fixed cost:

Fixed cost can be defined as the cost that is constant in the short run. It is not affected by any change in the production of goods or service and remains fixed irrespective of any increase or decrease in the output.

Variable cost:

Variable cost can be defined as the cost that is directly proportional to the level of output produced. It increases with an increase in the output and vice-versa.

To identify: Whether the given costs are fixed cost or variable cost.

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Answer 2

Question

Chapter 21, Problem 1E

To determine

Fixed cost:

Fixed cost can be defined as the cost that is constant in the short run. It is not affected by any change in the production of goods or service and remains fixed irrespective of any increase or decrease in the output.

Variable cost:

Variable cost can be defined as the cost that is directly proportional to the level of output produced. It increases with an increase in the output and vice-versa.

To identify: Whether the given costs are fixed cost or variable cost.

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Answer 3

Question

Chapter 21, Problem 1E

To determine

Fixed cost:

Fixed cost can be defined as the cost that is constant in the short run. It is not affected by any change in the production of goods or service and remains fixed irrespective of any increase or decrease in the output.

Variable cost:

Variable cost can be defined as the cost that is directly proportional to the level of output produced. It increases with an increase in the output and vice-versa.

To identify: Whether the given costs are fixed cost or variable cost.

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Answer 4

Question

Chapter 21, Problem 1E

To determine

Fixed cost:

Fixed cost can be defined as the cost that is constant in the short run. It is not affected by any change in the production of goods or service and remains fixed irrespective of any increase or decrease in the output.

Variable cost:

Variable cost can be defined as the cost that is directly proportional to the level of output produced. It increases with an increase in the output and vice-versa.

To identify: Whether the given costs are fixed cost or variable cost.

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Answer 5

Chapter 21, Problem 1E

To determine

Fixed cost:

Fixed cost can be defined as the cost that is constant in the short run. It is not affected by any change in the production of goods or service and remains fixed irrespective of any increase or decrease in the output.

Variable cost:

Variable cost can be defined as the cost that is directly proportional to the level of output produced. It increases with an increase in the output and vice-versa.

To identify: Whether the given costs are fixed cost or variable cost.

Answer 6

Chapter 21, Problem 1E

To determine

Fixed cost:

Fixed cost can be defined as the cost that is constant in the short run. It is not affected by any change in the production of goods or service and remains fixed irrespective of any increase or decrease in the output.

Variable cost:

Variable cost can be defined as the cost that is directly proportional to the level of output produced. It increases with an increase in the output and vice-versa.

To identify: Whether the given costs are fixed cost or variable cost.

Answer 7

Chapter 21, Problem 1E

To determine

Fixed cost:

Fixed cost can be defined as the cost that is constant in the short run. It is not affected by any change in the production of goods or service and remains fixed irrespective of any increase or decrease in the output.

Variable cost:

Variable cost can be defined as the cost that is directly proportional to the level of output produced. It increases with an increase in the output and vice-versa.

To identify: Whether the given costs are fixed cost or variable cost.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 21 - Prob. 1MCQ Ch. 21 - Prob. 2MCQ Ch. 21 - Prob. 3MCQ Ch. 21 - A Company’s standard for a unit of its single...Ch. 21 - Prob. 5MCQ Ch. 21 - Prob. 1DQ Ch. 21 - Prob. 2DQ Ch. 21 - Prob. 3DQ Ch. 21 - Prob. 4DQ Ch. 21 - Prob. 5DQ

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