Industries in which firms have high fixed costs and low marginal costs are likely to have...
Industries in which firms have high fixed costs and low marginal costs are likely to have a: Multiple Choice small number of small firms. large number of large firms. small number of large firms. large number of small firms.
Homework Answers
Ans: Industries in which firms have high fixed costs and low marginal costs are likely to have small number of large firms.
(as the initial cost or fixed cost of the firms will be high but the marginal cost with the increased number of output will eventually decrease with time)
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Industries in which firms have high fixed costs and low marginal
costs are likely to have...
Which of the following firms are more likely to exhibit economies of scale and be a...
Which of the following firms are more likely to exhibit economies of scale and be a natural monopolist a) One with large fixed costs and large marginal costs. b) One with large fixed costs and small marginal costs. c) One with small fixed costs and small marginal costs. d) One with small fixed costs and large marginal costs.
Firms in industries such as real estate tend to have distress costs because of a large...
Firms in industries such as real estate tend to have distress costs because of a large proportion of tangible assets. O O O A. high OB. low C. constant OD. varying O E. unexpected O
Companies will generally have a ____ beta if their: Multiple Choice high; sales are high compared to other firms in th...
Companies will generally have a ____ beta if their: Multiple Choice high; sales are high compared to other firms in their industry. low; stock price is relatively low. high; sales are growing at a steady rate of increase. high; sales are highly dependent on the market cycle. low; production costs are primarily fixed in nature.
Using the high-low method to calculate fixed and variable costs, we have calculated our fixed costs...
Using the high-low method to calculate fixed and variable costs, we have calculated our fixed costs to be $10,000 and our variable cost per unit to be $6.00. These calculations were based on a low activity level of 450 and a high activity level of 800. What is the equation for the line that most closely represents total cost at an activity level of 600? Multiple Choice О O Total Cost = $10,000 - ($6.00 x 600) Total Cost =...
Firms with relatively low fixed operating costs and high variable operating costs can best be described...
Firms with relatively low fixed operating costs and high variable operating costs can best be described as having ______ degree of operation leverage.
High-Low Method The manufacturing costs of Ackerman Industries for the first three months of the year...
High-Low Method The manufacturing costs of Ackerman Industries for the first three months of the year follow: January February Total Costs $326,560 250,560 389,760 Units Produced 2,640 units 1,305 March 4,205 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. Round all answers to the nearest whole dollar a. Variable cost per unit $ b. Total fixed cost
High-Low Method The manufacturing costs of Fuld Industries for three months of the year are provided...
High-Low Method The manufacturing costs of Fuld Industries for three months of the year are provided below. January February March Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. Round Total Costs $223,200 302,310 347,200 Production 1,200 units 2,290 3,200 all answers to the nearest whole dollar. a. Variable cost per unit b. Total fixed cost
High-Low Method The manufacturing costs of Ackerman Industries for the first three months of the year...
High-Low Method The manufacturing costs of Ackerman Industries for the first three months of the year follow: Total Costs Units Produced January $106,920 1,320units February 117,490 2,270 March 166,320 3,520 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. Round all answers to the nearest whole dollar. a. Variable cost per unit $_____ b. Total fixed cost $______
High-Low Method The manufacturing costs of Ackerman Industries for the first three months of the year...
High-Low Method The manufacturing costs of Ackerman Industries for the first three months of the year follow: Total Costs Units Produced January $269,280 3,080 units February 337,200 4,860 March 418,880 7,480 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. Round all answers to the nearest whole dollar. a. Variable cost per unit 34 b. Total fixed cost 164,560
Monopolistic competition is characterized by a Multiple Choice 0 few dominant firms and low entry barriers....
Monopolistic competition is characterized by a Multiple Choice 0 few dominant firms and low entry barriers. 0 large number of firms and substantial entry barriers. 0 large number of firms and low entry barriers. 0 few dominant firms and substantial entry barriers.
Firms in industries such as real estate tend to have distress costs because of a large proportion of tangible assets. O O O A. high OB. low C. constant OD. varying O E. unexpected O
Using the high-low method to calculate fixed and variable costs, we have calculated our fixed costs to be $10,000 and our variable cost per unit to be $6.00. These calculations were based on a low activity level of 450 and a high activity level of 800. What is the equation for the line that most closely represents total cost at an activity level of 600? Multiple Choice О O Total Cost = $10,000 - ($6.00 x 600) Total Cost =...
High-Low Method The manufacturing costs of Ackerman Industries for the first three months of the year follow: January February Total Costs $326,560 250,560 389,760 Units Produced 2,640 units 1,305 March 4,205 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. Round all answers to the nearest whole dollar a. Variable cost per unit $ b. Total fixed cost
High-Low Method The manufacturing costs of Fuld Industries for three months of the year are provided below. January February March Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. Round Total Costs $223,200 302,310 347,200 Production 1,200 units 2,290 3,200 all answers to the nearest whole dollar. a. Variable cost per unit b. Total fixed cost
High-Low Method The manufacturing costs of Ackerman Industries for the first three months of the year follow: Total Costs Units Produced January $269,280 3,080 units February 337,200 4,860 March 418,880 7,480 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. Round all answers to the nearest whole dollar. a. Variable cost per unit 34 b. Total fixed cost 164,560
Monopolistic competition is characterized by a Multiple Choice 0 few dominant firms and low entry barriers. 0 large number of firms and substantial entry barriers. 0 large number of firms and low entry barriers. 0 few dominant firms and substantial entry barriers.
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