Total variable cost
A. is the sum of those changing expenses that are closely related to output.
B. may increase as the quantity produced is increased.
C. is zero when the quantity produced is zero.
D. All these answers are correct.
Answer: D
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Which of the following differentiates a functional consequence from a psychosocial consequence?
A. Psychosocial consequences are bundles of product attributes, whereas functional consequences are bundles of service attributes. B. Functional consequences are intangible, whereas psychosocial consequences are tangible outcomes. C. Functional consequences deal with how a product makes you feel, whereas psychosocial consequences deal with tangible, concrete outcomes. D. Functional consequences are concrete outcomes of a product, whereas psychosocial consequences are abstract outcomes. E. Psychosocial consequences are directly experienced by a customer, whereas functional consequences are not.
What is a spot exchange rate contract? When does delivery occur on a spot contract?
What will be an ideal response?
The assembly time for a product is uniformly distributed between 6 to 10 minutes. The standard deviation of assembly time (in minutes) is approximately
a. 1.3333 b. 1.1547 c. 0.1111 d. 0.5773