which quote best represents a person performing a cost-benfit analysis?

Q: Calculate profits if total revenue is $350 and the total cost is $310

A: If we are given with the value of total revenue and total cost of the firm, then this can helps us…

Q: What can be done to reduce risks in utilitarian estimates

A: Utilitarianism is a moral philosophy that promotes actions that encourage happiness or satisfaction…

Q: Richard is considering relocating to an assisted living facility. He learns that there is an initial…

A: Richard is considering relocating to an assisted living facility. He learns that there is an initial…

Q: If total cost is $2100 and the output is 40 units  Calculate average cost

A: The information being provided to us is:- Total cost of the firm = $2100 Output = 40 units

Q: Total variable cost is 0 at zero level of production True/Falss

A: # Total cost incurred by the firm is the sum of both fixed and variable costs.  Total.fixed cost is…

Q: Define the term semi-variable costs?

A: The costs incurred by a producing agent in the procurement of factor inputs for the production of a…

Q: A cell phone plan has a basic charge of $35 a month. The plan includes 400 free minutes and charges…

A: Given: The charge of a cell phone is = $35 a month Plan includes = 400 free minutes Charges for each…

Q: Please note that this question has not yet been graded. I have submitted this question for help…

A: Overall cost refers to the total expense involved in achieving a specific level of output.Dividing…

Q: If total cost is $3000 and fixed cost is $1000 Calculate variable cost

A: The data presented in the question above is:- Total cost incurred = $3000 Fixed cost = $1000…

Q: hy is it important for managers to avoid confusing incremental costs with average costs?

A: Incremental Cost :- The incremental cost represents the cumulative amount of money spent on an extra…

Q: Someday, if you want to be an economist or to study  more about economic analysis, what platform you…

A: While studying economics, economists have the capability to reduce costs while using different…

Q: Total cost is given the be as $800 and average cost is $80 Calculate the output

A: Total cost is the sum total of fixed cost and variable cost.  Average cost is calculated by dividing…

Q: MC 0.90 0 85 ATC 0.80 0 75 0.70 AVC 0.65 0.60 0.55 0.50 0.45 0.40 150 200 250 300 350 400 50 100

A: The average total cost curve helps to show the connection between output level and per-unit cost…

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: Only typed answer and please don't use chatgpt otherwise I downvote the answer  Q = 12S1/2P-2. Q is…

A: Q = 12S1/2P-2 Q is the number of newspapers sold and S is a number of inches of news printed. The…

Q: If total cost is $320 and output is 4 units Calculate AC

A: The information being given to us is:- Total cost of the firm = $320  Output = 4 units We have to…

Q: What is the fundamental difference between estimating costs using a CER and a cost index?

A: Cost index: Cost index refers to the index which related the inventory cost of current year with…

Q: Another term for incremental costs?

A: A producing agent incurs costs on the procurement of factors of production such as raw materials,…

Q: Explain the term Deciders?

A: The economics refer to the study of allocation of scarce resources in the most optimal way, when the…

Q: Define the term incremental costs?

A: Incremental costs include the total cost for producing one more unit of the output.It is the extra…

Q: For a given commodity, the line haul cost is $13 per mile. For a trip of 200 milesand a shipment of…

A: Answer - Given in the question - Line haul cost = $13 per mile Need to find - Cost for For a trip of…

Q: If it costs $50 per lost haircut due to customer dissatisfaction and $100 for each unit of capacity…

A: Part-4) Cost per haircut dissatisfaction's = 50 Each Unit of Capacity = 100

Q: If the total revenue is 184 units in the total profit is 132 units find the total cost?

A:

Q: How can we determine the Cost Basis?

A: Calculation of the cost basis of an investment shows the capital gain or loss on it. It indicates…

Q: On which factors does total cost for heating or air conditioning a building depends?

A: The sum of all the costs of producing a certain level of output incurred by a company is known as…

Q: Find the exact cost of producing the 501st item.

A: Marginal Cost is the cost of producing additional unit of Output.  Marginal Cost = Change in Total…

Q: Manufacturing process is an example of: (a) Form utility (c) Place utility (b) Time utility (d) All…

A: # the concept of utility relates to to the satisfaction derived from the consumption of a good or…

Q: The of an input is the output per unit of the input

A: Inputs are any resources used in the production of goods and services.  Labor (workers' time), fuel,…

Q: In engineering economics, the term cost is used in many ways. What are they?

A: Engineering Economics helps in the study of economic principles and its application from a…

Q: What does the Cost basis generally include?

A: In engineering economics, the cost basis of an asset represents the total cost of an asset that…

Q: How do the Modified Accelerated Cost Recovery System (MACRS) givetaxpayers a break?

A: The Modified Accelerated Cost Recovery System (MACRS) is a method used to determine the depreciation…

Q: A company manufactures and sells book-cases .The selling price is $54.90 per book case.The total…

A: a. For total q units sold, Total Revenue (TR) is given by, TR=54.90q b. Given total cost (TC) is…

Q: A short production run with frequent adjustments to machines is considered a(n). process of…

A: The inputs such as capital, labour and land are used to produce and output in the market are known…