Max​ Shreck, an​ accountant, quit his​ $80,000-a-year job and bought an existing tattoo parlor from its previous​ owner, Sylvia Sidney. The lease has five years remaining and requires a monthly payment of​ $4,000.   The lease   A. is part of the marginal cost of operating the tattoo parlor.   B. is an implicit cost of operating the tattoo parlor.   C. is a variable cost of operating the tattoo parlor.   D. is a fixed cost of operating the tattoo parlor.

Use the table below to answer the following question. Units Total Fixed Cost Total Variable of Output (dollars) Cost (dollars) 1 150 25 2 150 48 3 150 70 150 100 What is the marginal cost (MC) of producing the fourth unit of output?

Consider a small dental practice. Which of the following is NOT an example of a fixed cost? Rent on the office space O The receptionist's salary O Fees to renew the dentist's license each year O X-ray film

Use Excel to show formulas used  Amazing is evaluating three locations for a second headquarters. Costs for construction at location A are $18,900,000, Location B are $21,700,000 and Location C are $23,300,000.  Variable costs for Location A are $16, Location B are $14 and Location C are $12.  The company plans to sell products for $27. Create a cost-volume graph that shows cost lines for all three options through 2,000,000 units.

ABC company's total cost when it produces 20 units is $100.  ABC's total cost is $120 when it produces 22 units.  What is ABC's marginal cost of producing the 22nd unit?

how do you find total fixed cost?

Fill in the blanks in the table below. The problem is a "puzzle" so the blanks are not necessarily filled in sequentially. (Hint: Determine the total fixed cost first.) Instructions: Enter your answers rounded to two decimal places. Total Average Fixed Cost Average Total Cost Marginal Cost Output Variable Total Cost Cost 1 $10.00 $9.76 $9.76 $19.76 2 $19.06 $14.53 $9.30 $29.06 3 $3.33 $12.63 $37.90 4 $2.50 $36.31 $11.58 $8.41 $46.31 $2.00 $44.30 $10.86 LO

Complete the cost schedule below for the Ozzie Ugg Boot Co.    Total product (Q) Total fixed cost  (TFC) Total variable cost   (TVC) Total Cost (TC) Marginal Cost (MC) Average fixed cost (AFC) Average variable cost   (AVC) Average total cost (ATC) 0 $50   $50                 C       1     $80                 D       2   B $95                 E       3 A   $105                 F       4     $110     I           G       5     $130                 H       6     $160       J   List the values that you obtained for the letters A to J in your answer (no more than 2 decimal places). What is the most efficient level for the company to produce its product? Why?

The difference between economic profit and accounting profit is?   Average cost Direct costs Economic costs Variable costs Marginal costs

The table below shows the weekly cost of producing cowboy hats. Complete the table by filling in the missing values. Instructions: Round your answers to 1 decimal place. Cowboy Hat Production Costs Total Fixed Cost (dollars) $2,000 Total Variable Cost (dollars) Total Cost (dollars) $2,000 Average Fixed Cost (dollars) Average Variable Cost (dollars) Average Total Cost (dollars) Output $0 10 300 24 $4 $230 20 2,460 23 123 30 660 66.7 22 40 2,900 72.5 50 1,200 24