costs that are essential to the company's needs in the long run, but can be reduced...
costs that are essential to the company's needs in the long run, but can be reduced drastically in the short run to save cash. is it purely variable costs, mixed cost, discretionary fixed costs or product cost
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costs that are essential to the company's needs in the
long run, but can be reduced...
Which of the following statements is true when referring to fixed costs? Fixed costs increase in...
Which of the following statements is true when referring to fixed costs? Fixed costs increase in total throughout the relevant range. As volume increases, unit fixed cost and total fixed cost will change. Discretionary fixed costs can often be reduced to zero for short periods of time without seriously impairing the long-run goals of the company. Committed fixed costs arise from the annual decisions by management.
What is the distinction between the economic short run and the economic long run? A. In...
What is the distinction between the economic short run and the economic long run? A. In the short run, the firm incurs only explicit costs, but in the long run, the firm incurs explicit and implicit costs. OB. In the short run, the firm can vary all inputs, but in the long run, at least one input is fixed. O c. In the short run, the firm incurs only variable costs, but in the long run, the firm incurs fixed...
Discussion: Primary Difference in the Short Run and the Long Run "In the short run, if...
Discussion: Primary Difference in the Short Run and the Long Run "In the short run, if I can cover my variable costs, I will continue to produce, ignoring my fixed costs. If I cannot cover my variable costs, I will shut down to minimize losses." Is this statement accurate? Why or why not? "In the long run, if I can cover my variable costs, I will continue to produce. If I cannot cover my variable costs, I will shut down."...
Ooo QUESTION 23 The minimum possible short-run average costs are equal to long-run average costs when...
Ooo QUESTION 23 The minimum possible short-run average costs are equal to long-run average costs when short-run and long-run costs are declining. O production is at any point on the LAC curve. the plant is producing at its short-run minimum point. O the long-run curve is at a minimum point. QUESTION 24 Click Save and Submit to save and submit. Click Save All Answers to save all answers.
QUESTION 13 Every point on the long-run average cost curve is O on a short-run marginal...
QUESTION 13 Every point on the long-run average cost curve is O on a short-run marginal cost curve. also a minimum point on a short-run average cost curve. O on a short-run average total cost curve. O on a short-run average variable cost curve. QUESTION 14 If total costs are $50,000 when 1000 units are produced, and total costs are $50,100 when 1001 units are produced, we can conclude that O average variable costs are $100. o marginal costs are...
could you let me know with the jewelry industry or diamond industry of a short-run fixed cost that becomes variable in the long run? How long does it take for this short-run fixed cost to become varia...
could you let me know with the jewelry industry or diamond industry of a short-run fixed cost that becomes variable in the long run? How long does it take for this short-run fixed cost to become variable? Can you think of a cost for the firm that is always fixed, even into the indefinite future?
7.Which of the following statements is true when referring to fixed costs? Multiple Choice Fixed costs...
7.Which of the following statements is true when referring to fixed costs? Multiple Choice Fixed costs increase in total throughout the relevant range. Committed fixed costs arise from the annual decisions by management. As volume increases, unit fixed cost and total fixed cost will change. Discretionary fixed costs can often be reduced to zero for short periods of time without seriously impairing the long-run goals of the company. 8 .Which of the following is an example of a period cost...
Question: Why in the long run, the purely competitive firm in a constant cost industry achieves...
Question: Why in the long run, the purely competitive firm in a constant cost industry achieves only normal profits? Select one: a. New firms entering the industry increase supply, reduce price and squeeze out the the economic profit. b. In the long run, normal profit is not the only situation that can face a purely competitive firm . c. New firms entering the industry do not affect supply since they divide up the existinng market, but costs to the firm...
In the short-run, what is the difference between variable costs and fixed costs? Why are fixed...
In the short-run, what is the difference between variable costs and fixed costs? Why are fixed costs call sunk? Why would your economics professor never ask you the question, "What is the difference between variable costs and fixed costs in the long-run?"
it will be great if some account experts can answer my 10 of this questions. QUESTIONS...
it will be great if some account experts can answer my
10 of this questions.
QUESTIONS 3-1 What is a cost driver? Give three examples of costs and their possible cost drivers. 3-2 Explain linear-cost behavior 3-3 Step costs can be fixed or variable, depending on your perspective." Explain. 3-4 Explain how mixed costs are related to both fixed and variable costs. 3-5 How do management's product and service choices affect cost behavior? 3-6 Why are fixed costs also called...
What is the distinction between the economic short run and the economic long run? A. In the short run, the firm incurs only explicit costs, but in the long run, the firm incurs explicit and implicit costs. OB. In the short run, the firm can vary all inputs, but in the long run, at least one input is fixed. O c. In the short run, the firm incurs only variable costs, but in the long run, the firm incurs fixed...
Ooo QUESTION 23 The minimum possible short-run average costs are equal to long-run average costs when short-run and long-run costs are declining. O production is at any point on the LAC curve. the plant is producing at its short-run minimum point. O the long-run curve is at a minimum point. QUESTION 24 Click Save and Submit to save and submit. Click Save All Answers to save all answers.
QUESTION 13 Every point on the long-run average cost curve is O on a short-run marginal cost curve. also a minimum point on a short-run average cost curve. O on a short-run average total cost curve. O on a short-run average variable cost curve. QUESTION 14 If total costs are $50,000 when 1000 units are produced, and total costs are $50,100 when 1001 units are produced, we can conclude that O average variable costs are $100. o marginal costs are...
it will be great if some account experts can answer my
10 of this questions.
QUESTIONS 3-1 What is a cost driver? Give three examples of costs and their possible cost drivers. 3-2 Explain linear-cost behavior 3-3 Step costs can be fixed or variable, depending on your perspective." Explain. 3-4 Explain how mixed costs are related to both fixed and variable costs. 3-5 How do management's product and service choices affect cost behavior? 3-6 Why are fixed costs also called...
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