in your own personal life, what are some fixed and variable costs you have?

Q: How does a cost behave in response to a change in activity? Give an example?

A: Cost also changes with the change in the activity. There are two types of costs- fixed costs and…

Q: How can we predict cost behavior?

A: Cost behaviour shows the relation between the total cost and activities level. We can predict the…

Q: Asap   Total cost can be divided into two types. What are those two types? Select one: a. fixed…

A: Costs refers to the all type of expenses that incur in the process of production of goods and…

Q: A X= 45.00, Y= 55.00, Z = 62.50 X= 40.00, Y= 60.00, Z = 62.50 C X = 18.00, Y= 55.00, Z = 50.00 X=…

A: here we complete the table and answer the following below

Q: How does fixed cost affect marginal cost? Why is this relationship important?

A: Fixed cost is the cost which does not change with the change in the output.Marginal cost is the…

Q: marginal cost

A: The marginal cost depicts the additional cost of an extra unit of output produced. As, the level of…

Q: Find average cost if average variable cost is $23 and average fixed cost is $12

A: The cost of creating a firm's output is determined by the amount of labour and capital it employs.…

Q: Find average cost if average variable cost is $22 and average fixed cost is $20

A: The data presented in the question above is:- Average variable cost = $22 Average fixed cost = $20…

Q: Describe several ways a firm could lower their costs.

A: Cost reduction is the process by which a business attempts to generate a specific level of output at…

Q: One A4 page please  Explain why there are no fixed costs in the long run

A: In long run, all the fixed costs that exist in short run becomes variable hence, there is no fixed…

Q: If the marginal cost is increasing does this tell you whether the average variable cost is…

A: Economic costs involve not just the accounting costs but also the opportunity cost of making one…

Q: What does average fixed cost fall with increase in output?

A: Fixed cost per unit of output is known as average fixed cost. Because the same amount of fixed costs…

Q: Why does the average fixed cost falls with the increase in output?

A: Fixed cost is that cost which doesn't Change in the short run as the production proceeds.  Average…

Q: Show me how to arrive at Average Variable Cost?

A: Total variable cost varies with the level of production.

Q: f marginal cost is decreasing, what is happening to an average variable cost (decreasing,…

A: the marginal cost refers to the change in the total cost that arises when the quantity produced is…

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: What are two examples of variable costs?

A: Variable costs depends on the level of output being produced by the firm.

Q: Explain economies of scale and how to determine if a firm is experiencing it or not from their cost…

A: In a market, economies of scale is considered as one of the competitive advantage of a firm.

Q: Government imposes higher tax on tobacco production. Which cost curves will be affected and why of…

A: When the government imposes a higher tax on tobacco production or the output. With this tax…

Q: Suppose that you and your roommate have started a Doughnut delivery service on campus. List some of…

A: Total Fixed Cost (TFC) : It refers to that part of the total cost that does not depend on output. In…

Q: discuss more about fixed and variable costs.

A: TC(Total) is the cost which is incurred by a firm in producing some specific level of output. It is…

Q: “A firm that earns only normal profit is not covering all its costs.” Do you agree or disagree?

A: Economic Cost consists of explicit cost and implicit cost. In other words it consists of sum of…

Q: What is the summary of the video "See the true cost of your cheap chicken"

A: The eye opening video that exposes the cruel face of contract farming

Q: Total cost can be divided into two types. What are those two types? Select one: a. fixed costs and…

A: Costs refers to all type of expenses that incur in the process of production of goods and services .…

Q: Which average cost curves are U-shaped?

A: