The sum of the expenses of a firm that is stable and does not change with the quantity of the product that is produced and sold is referred to as
A. overhead cost.
B. marginal cost.
C. variable cost.
D. total cost.
E. fixed cost.
Answer: E
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What of the following is not a true statement regarding the Pension Benefit Guaranty Corporation (PBGC)?
a. The PBGC has a statutory lien against the sponsor for 100 percent of shortfalls in vested benefits. b. The PBGC was created by ERISA as a national insurer of pension plans. c. Vested benefits of participants are partially guaranteed by the PBGC if a plan is terminated. d. The PBGC is empowered to collect premiums from plans to pay for guaranteed termination benefits.
Carrying value is
a. the same as book value. b. the unexpired part of an asset's cost. c. computed as cost minus accumulated depreciation. d. all of these.
On average, how many cars are in the system?
In a bank drive-through, there is a single service window and room only for two cars to line-up to wait for service. The mean time between arrivals for drive through customers is 5 minutes. The mean time to complete a customer transaction is 3 minutes. The number of arrivals is distributed according to a Poisson distribution and the service times are exponentially distributed.
Authority for prohibiting or curtailing exports is vested in:
a. the President. b. Congress. c. the Department of Commerce. d. the US Trade Representative.