The total cost at a zero level of output is always equal to the variable cost.
Answer the following statement true (T) or false (F)
False
The total cost at a zero level of output is always equal to the fixed cost.
You might also like to view...
You paid $145 for an iPod Nano. The cash you sacrificed is a(n)
A) explicit cost. B) implicit cost. C) deferred cost. D) accrued cost.
Used cars sell for much less than new cars because
A) of imperfect competition in the automobile industry. B) buyers know much more about the quality of used cars than sellers do. C) sellers know much more about the quality of used cars than buyers do. D) physical depreciation of used cars is very high. E) of licensing arrangements by the government.
Figure 4-21
At price P1 in Figure 4-21, what will tend to happen?
a.
There will be a shortage, and the price will fall.
b.
There will be a shortage, and the price will rise.
c.
There will be a surplus, and the price will rise.
d.
There will be a surplus, and the price will fall.
e.
Equilibrium will occur in the market.
Companies have calculated their annual holding cost(CH) and annual ordering cost (Co). Which company uses EOQ for its order quantity?
a. Company E:CH-860 and CO - 1040 b. Company C:CH-1150 and CO - 1150 c. Company D:CH-790 and Co-650 d. Company A:CH-1290 and CO - 120 e. Company B:CH-1030 and CO - 1210