Business, 07.04.2020 17:00, sparkyjones02
This chapter discusses many types of costs: explicit costs, implicit costs, total cost, average fixed cost, average variable cost, and marginal cost. Fill in the type of cost that best completes each sentence.
ALL POTENTIAL ANSWERS ARE EITHER AVERAGE FIXED/ AVERAGE VARIABLE/ EXPLICIT/ IMPLICIT/ MARGINAL/ OR TOTAL COST
Profits equal total revenue minus .
The term refers to costs that involve direct monetary payment by the firm.
is falling when marginal cost is below it and rising when marginal cost is above it.
The cost of producing an extra unit of output is the .
is always falling as the quantity of output increases.
The opportunity cost of running a business that does not involve cash outflow is a(an) .
Answers: 2
Business, 21.06.2019 16:10, ilovemymodelinglife
Martinez manufacturing applies overhead based on direct labor hours. the company estimates that their overhead for the year will be $180,000, and that they will use 72,000 direct labor hours. during the year, martinez manufacturing actually used 75,000 direct labor hours and actual overhead costs were $190,000. at the end of the year, manufacturing overhead was: overapplied by $2,500. overapplied by $10,000. underapplied by $2,500. underapplied by $10,000.
Answers: 2
Business, 21.06.2019 21:00, skifchaofficial01
Stephen barrett, md previous writing experience ?
Answers: 1
Business, 22.06.2019 08:30, Naomi7021
Conor is 21 years old and just started working after college. he has opened a retirement account that pays 2.5% interest compounded monthly. he plans on making monthly deposits of $200. how much will he have in the account when he reaches 591 years of age?
Answers: 2
This chapter discusses many types of costs: explicit costs, implicit costs, total cost, average fixe...
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