What is the relationship between Total Cost, Variable Cost, and Fixed Cost and their averages?
Question:
What is the relationship between Total Cost, Variable Cost, and Fixed Cost and their averages?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (14 reviews)
TCTFCTVC AC TCQ AFCAVC AFC continuously declines as Q rises AVC fal...View the full answer
Answered By
Gauri Hendre
I worked as EI educator for Eduphy India YT channel. I gave online tutorials to the students who were living in the villages and wanted to study much more and were preparing for NEET, TET. I gave tutions for topics in Biotechnology. I am currently working as a tutor on course hero for the biochemistry, microbiology, biology, cell biology, genetics subjects. I worked as a project intern in BAIF where did analysis on diseases mainly genetic disorders in the bovine. I worked as a trainee in serum institute of India and Vasantdada sugar institute. I am working as a writer on Quora partner program from 2019. I writing on the topics on social health issues including current COVID-19 pandemic, different concepts in science discipline. I learned foreign languages such as german and french upto A1 level. I attended different conferences in the science discipline and did trainings in cognitive skills and personality development skills from Lila Poonawalla foundation. I have been the member of Lila poonawalla foundation since 2017. Even I acquired the skills like Excel spreadsheet, MS Office, MS Powerpoint and Data entry.
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Data Analysis and Decision Making
ISBN: 978-0538476126
4th edition
Authors: Christian Albright, Wayne Winston, Christopher Zappe
Question Posted:
Students also viewed these Managerial Accounting questions
-
What is the relationship between total product, marginal product, and average product shown by the law of diminishing returns?
-
Janes Juice Bar has the following cost schedules: a. Calculate average variable cost, average total cost, and marginal cost for each quantity. b. Graph all three curves. What is the relationship...
-
Marilyn, Inc., uses a standard cost system and analyzes overhead using a two-variance analysis. The following information relates to its operations in April: Actual total cost for direct labor...
-
Write mission and vision statements for four companies of youre choosing. Companies like star bucks, southwest airlines, Costco, etc., are examples of ones that have developed effective mission and...
-
What is the pressure drop associated with water at 27C flowing with a mean velocity of 0.2 m/s through a 600-m-long cast iron pipe of 0.15-m inside diameter?
-
CALCULATE THE INITIAL COSTS, CALCULATE THE OPERATING CASH FLOW, CALCULATE THE TERMINAL NON OPERATING CASH FLOW, CALCULATE THE NPV . Initial Equipment $ 6 5 , 0 0 0 Project Life 3 Years Sales$ 5 5 ,...
-
Describe the four types of reinforcement. Which of the four schedules of reinforcement do you think would be most effective at motivating employees to work harder?
-
What types of indorsements are the following? (a) Pay to Monsein without recourse. (b) Pay to Allinore for collection. (c) I hereby assign all my rights, title, and interest in this note to Fullilove...
-
Police officers noticed two capsules on top of Mr. Rochin's dresser table. They asked Mr. Rochin whose "stuff" is this. Mr. Rochin grabbed the capsules and put them in his mouth and swallowed the...
-
Express Delivery is a rapidly growing delivery service. Last year, 80% of its revenue came from the delivery of mailing "pouches" and small, standardized delivery boxes (which provides a 20%...
-
Is the burden of a tax on consumers greater when the demand is more elastic or less elastic? Why?
-
Why is that when Marginal Product declines, Marginal Cost increases? Why do firms in a perfectly competitive market earn zero profit in the long-run?
-
Suppose that the prevention and appraisal cost functions are given by Cp - 50q2 and Ca = 10(7, respectively, where q represents the degree of quality level (0 < q < 1). The cost of reworking a unit...
-
A serious barrier to employment of people with disabilities continues to be a perception problem. Managers and coworkers lack knowledge, awareness, and comfort in working with employees with...
-
This exercise asks you to explore your attitudes concerning illegal immigrants in the workplace. a. Would you work for an employer who makes it a point to hire illegal immigrants? Why or why not? b....
-
The director of HR has appointed you to a committee responsible for investigating allegations that reliance on internal referrals through social sites undermines the diversity efforts of the firm....
-
What recommendations would you offer Peter Merton for redesigning Antles compensation system? Antle Corporation (a fictitious name for a company known to one of this books authors) is a large...
-
Is it necessarily the case that working conditions and rules are less flexible in a unionized organization? Why or why not? If it is the case, then how does this affect managements ability to make...
-
Review financial news sources such as Yahoo! Finance (finance.yahoo.com) and Google Finance (google.com/finance). Identify a company that has recently purchased 50% or more of another companys...
-
Propose a reasonable mechanism for the following reaction. OH
-
1. Write a Java program that will prompt the user for a number and print out a square with those dimensions. For example, if the user enters 5, return the following: * * * ** ** * * * * * * * * * * *...
-
2. Vector multiplication or dot product is performed by multiplying corresponding elements and summing the products. It can be represented mathematically as oa; *bi where a and b are vectors of...
-
The following data was collected from an experiment testing the hypothesis: The density of cream whipped for 5 minutes increases at higher altitudes. What would be an acceptable interpretation of...
Study smarter with the SolutionInn App