Costs that do not vary with output are    Question 8 options:   a)  fixed costs   b)  variable costs   c)  marginal costs   d)  explicit costs

Suppose a company has fixed costs of $1500 and variable costs of (3/4)x + 1120 dollars per unit, where x is the total number of units produced. Suppose further that the selling price of its product is 1200 − (1/4)x dollars per unit. (a) Find the break-even points. (Enter your answers as a comma-separated list.)x =  (b) Find the maximum revenue. (Round your answer to the nearest cent)$  (c) Form the profit function, P(x), from the cost and revenue functions.P(x) =         Find maximum profit. (Round your answer to the nearest cent.)$ (d) What price will maximize the profit? (Round your answer to the nearest cent.)

Melody Music Store has a total cost function of TC = 500 + 10Q + 5Q². (a) Find the firm's fixed costs (FC) and variable costs (VC). (b) Find the firm's average fixed cost (AFC), average variable cost (AVC), and average total cost (ATC).

Why Can't We Be Friends? operates a conflict settlement service for distressed couples. If it has no fixed costs and its monthly average variable cost of cases is given by AVC = 250 - 500, the marginal cost at a caseload of 50 attempted reconciliations per month is: