When the TC = TR can you say that you are breakeven or not? Why or why not? Explain.

Q: How do fixed costs change over the long-term? Do costs get re-categorized into a variable cost when…

A: Fixed costs are the costs that do not change with the change in quantity while variable costs are…

Q: What is breakeven point and HOW TO CALCULATE THE BREAKEVEN POINT?

A: In economics, some specfiic terms are used to explain the specfiic market situations, such as shut…

Q: Distinguish between implicit and explicit costs. How is it possible to have positive accounting…

A: Any cost that has already occurred but is not shown or reported as a distinct item is referred to as…

Q: The first two units of a product cost a total of $9,000 to produce. If you believe an 80 percent…

A: Production cost = Original Cost * learning rate ^log 2 n.....(equation 1) The given learning rate is…

Q: Classify the Costs for Predicting Cost Behavior?

A: Every company incurred the costs to produce goods and services. For example labor cost, and…

Q: When a firm ignores the opportunity costof capital when making investment orshutdown decisions, this…

A: When the opportunity cost is ignored by a firm while making investment or shutdown decisions, which…

Q: Lewis contracted with the government to dredge 2 million cubic yards of silt from a ship channel.…

A: Excavate: It refers to dig a hole in the ground.

Q: Economist describe short run decisions as constrained decisions while long run decision are…

A: In the short run, few costs are fixed and few are variable but in the long run their will be no…

Q: Production Total cost 80 1 100 2 115 3 140 4 170 210 Assume that these are the costs of production

A: In perfectly competitive market, firms produce identical goods. Firms do not have any control over…

Q: Discuss the relationship that exists amongst the three short - run total cost curves. Motivate your…

A: The three short run cost curves are average cost curve ,marginal cost curve and average fixed cost…

Q: Consider the table below to answer the question that follows: Q TFC TVC TC AFC AVC ATC MC 0 500 0…

A: When the amount of an output increases by one unit, the cost rises by a certain amount, known as the…

Q: Graph AFC, AVC, ATC, and MC. Explain the derivation and shape of each of these four curves and their…

A:

Q: Assume you are an engineer working for a chemical production company. You are on the technical team…

A: A production company, house, studio, or team is a corporation that provides the physical…

Q: Question 4. (a) Explain how the long-run average cost curves will differ between a private hospital…

A: Economics as a subject deals with the allocation of scarce resources among humans with unlimited…

Q: Exercises Calculate the marginal product Total Marginal Product Production Labor Product or…

A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Distinguish between explicit and implicit costs, giving examples of each. Why does the economist…

A: Externalities: It occurs in the economy when the production of goods and services and the…

Q: When marginal product increases, marginal cost increases. True False

A: Marginal product is the additional output produced by the additional worker or the change in the…

Q: Explain what a sunk cost is, what an opportunity cost is, and how each cost should be handled when…

A: Sunk cost refers to the cost or the expense that is already made and can be no longer recovered.…

Q: Total Fixed Total Variable Average Fixed Average Output Cost Cost Total Cost Cost Variable Cost…

A: * SOLUTION :-  * The marginal cost of 4th unit of good is = $ 12.5

Q: . If economic profit equals accounting profit, what do implicitcosts equal?

A: Basics:- Economic Profit     = Revenue - Explicit Cost - Implicit Cost Accounting Profit  = Revenue…

Q: Does additive manufacturing rely on economies of scale to deliver low costs? What are two ways in…

A: Economies of scale refer to the situation of reducing the total cost during the process of…

Q: If so, can you provide an example of what you mean by the operational environment?

A: The term operational enviornment is used to explain different situations in different fields as it…

Q: Marginal analysis (a.k.a. thinking at the margin) Multiple selects     assumes dimishing marginal…

A: Marginal analysis is the process of comparing additional benefits accrued to the additional costs…

Q: What is the difference between economies of scale andeconomies of scope? How do firms consider these…

A: The concepts of economies of scope and economies of scale explains the situations when the big firms…

Q: What are their implications for cost and return?

A: The method of directing capital among savers to organizations that require it is known as finance.

Q: What cost would an accounting statement reveal should current decisions be based on accounting cost.

A: Accounting statement should reveal the cost of production,cost of capital.

Q: (i) A business manager determines that t months after production begins on a new product,the number…

A: Given:  The production in the long run will be: We know 1/t= 0 when t tends to infinity:…

Q: Total Product Marginal (lanterns) Workers Variable Total Cost AVC АТС MC Product Cost $ 100 1 10 10…

A: In order to solve the questions, we need to complete the table first.  The blanks in the table are…

Q: If accounting profit is $400,000 greater than economic profit, what do implicit cost equal?

A: We know that: Accounting profit = Total revenue- Total explicit cost Economic profit = Total revenue…

Q: Julius builds dining chairs that he sells for $200 a chair. His fixed costs are $1,000 (for workshop…

A: Given:P = $200, FC=$1000, VC= $50 + $25.Total cost = FC+ VC*q + 25 (q-1) = 1000 + 50q + 25q- 25TC=…

Q: What must an entrepreneur do to earn a profit? How do theactions of firms earning profits influence…

A: Profits are important as they show how productive a company's activities are. Furthermore, profits…

Q: During the month of July, your company makes $12,000 in total sales. Supplies cost you $3,000, and…

A: Answer: Given, Total revenue from sales = $12,000 Total explicit cost = Cost of supplies + Payment…

Q: There is increasing pressure on HRM to become more strategic, that is to contribute to the strategic…

A:

Q: .Which of the following is an example of a fixed cost? A. cost of employees who work overtime B.…

A: In general, a firm incurs various costs in the daily business and these costs can be classified as…

Q: What does it mean that “ideally, utilization should be limited by demand and not setup or down…

A: Answer:         Answer is push system.

Q: pdf 1 / 3 102% | Output Total Cost What are variable costs of producing 5 units? а. 0. $10 $20 b.…

A: Fixed cost is the total cost at output = 0 so it is $ 10. Fixed cost is independent of output and it…

Q: Which one of the answers is NOT a pitfall of following an overall cost leadership strategy? TI

A: In the business procedure, cost leadership is laying out an upper hand by having the least cost of…

Q: Peter runs a small local newspaper company. He can sell a newspaper at $2. He has fixed costs of…

A: Since you have posted multiple questions, will be answering only for first part.