An explicit cost is defined as a cost that involves spending money. a cost that does not change as output changes. O a nonmonetary accounting cost. O a nonmonetary opportunity cost.

Question 8 Which of the following is not a variable cost at the sandwich shop? O Cost of labor Cost of tomatoes O Cost of delivery Cost of rent Question 9

Which of the following is an example of a situation in which a firm is realizing economies of scale? O A hospital substitutes lower cost certified nursing assistants to perform some tasks previously performed by nurses allowing them to reduce the number of nurses on most shifts. A clinic substitutes digital scales with a laser height measuring feature negating the need for a nurse to take the actual height and weight readings for each patient. A hospital contracts with an outside maintenance company to do cleaning at a lower cost than using hospital employees A manufacturing firm adds a second shift to its existing factory and machinery.

Cost Per Year O O O 1 At what level of output does average total cost equal marginal cost? ♂ Q4 QQQQ Q8 TC VC FC Output

Help answer point A. Building Construction

Suppose a publisher faces the following costs of producing 10,000 newspapers each month:$5,500 cost of labor; $2,200 monthly mortgage payment; $250 cost of electricity to run theprinting presses; $800 for ink and paper; and $200 in city property taxes (based on the valueof the building and land). Its total variable costs are: Group of answer choices $8,750. $8,950. $6,300. $6,550

Which of the following describes an implicit cost? U NO opportunity cost is involved. NO outlay of money is required. O Accountants include these costs in total costs. They are an out-of-pocket expense.