Answered

Find the information you're looking for at Westonci.ca, the trusted Q&A platform with a community of knowledgeable experts. Our platform provides a seamless experience for finding precise answers from a network of experienced professionals. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

ooo Costs that change as the level of output changes are called: overhead. variable costs. c. fixed costs. sunk costs. do oo Costs that must be paid in the short run even when no output is produced are called: average variable costs (AVC). total fixed costs (TFC). total variable costs (TVC). marginal costs (MC). soo Marginal cost (MC) is: the change in total cost (TC) divided by the change in output (Q). the change in total variable cost (TVC) divided by the change in output (Q). not affected by the level of fixed costs. All of the above Which of the following is true in the short run? TC = TVC - TFC b. AFC = AVC + ATC TFC = TC - TVC All of the above are true doo Which of the following is not true in the short run? a. MC = (ATVC/AQ) b. MC = (ATC/AQ) (TC/Q) = (TVC/Q) ATC = AVC + AFC Suppose the total cost of production in the short run is $500,000 when 2,000,000 units are produced. Then, average total cost (ATC) is: 25 cents per unit and average fixed cost (AFC) is 15 cents per unit. $4 per unit, and average fixed cost (AFC) is $2 per unit. 25 cents per unit, and average fixed cost (AFC) is unknown given the available information. $4 per unit, and average fixed cost (AFC) is unknown given the available information.

Sagot :

We hope our answers were helpful. Return anytime for more information and answers to any other questions you may have. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.