Question: When will total cost equal total variable cost?

When will total cost equal total variable cost?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Total cost will equal total variable cost when total fixed cost is zero ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Microeconomics Questions!

Q:

CANMNMM January of this year. (a) Each item will be held in a record. Describe all the data structures that must refer to these records to implement the required functionality. Describe all the...

Q:

CoursHeroTranscribedText: A 5-year loan in the amount of $48,000 is to be repaid in equal annual payments. What is the remaining principal balance after the third payment if the interest rate is 5...

Q:

In this question you will be asked to reflect on a project you have been involved in or observed, in which a design evolved, or could have evolved, through applying a theory of user behaviour. You...

Q:

Can you please help me answer two questions based on the readings below. 1 How would you contrast the mainstream economics view of consumer behavior in 9.3, with the demand curve in general, and also...

Q:

1) Manufacturing costs are also known as product costs. Which of the following best describes those costs which are considered to be manufacturing costs? a. direct labor, direct material and selling...

Q:

Gloria Company had no beginning work in process. During the period. 12,000 units were completed, and there were 1, 200 units of ending work in process. How many units were started into production?...

Q:

SELF-CHECK QUESTIONS 1. Firms in a perfectly competitive market are said to be \"price takers\"that is, once the market determines an equilibrium price for the product. firms must accept this price....

Q:

please attempt all parts for definite thumbs up. i really need help. I shall be very thankful to you. 39. A company has total fixed costs of $180,000 and a contribution margin ratio of 30%. How much...

Q:

please answer all questions. #1-15 is true and false Word or Phrase Cost Behavior Analysis Cost Volume Analysis Description The study of how specific cossts respond to changes in the leverl of...

Q:

Refer to Figure 9-3. At the output level OC, average fixed cost is equal to a. ZM b. GZ c. GM d. MC Refer to Figure 9-3. If the market price is $10, average revenue a. is greater than $10 b. is less...

Q:

Hoffman Corporation issued $60 million of 5%, 20-year bonds at 102. Each of the 60,000 bonds was convertible into one share of $1 par common stock. Prepare the journal entry to record the issuance of...

Q:

1. Use the correlation tool in Excel to determine which measure should be used for each activity. HINT: The correlation tool can be found on the Analyze menu on the Data tab in Excel. If the Analyze...

Q:

EXERCISE 10-12. Budgeted Sales and Cash Receipts Mississippi Retailers expects Credit sales in the next quarter as follows: April $ 75,000 May 85,000 June 108,000 Prior experience has shown that 50...

Q:

What type of mutual funds would you choose to help you reach your investment goals? Why? LO16-3

Q:

1. Economic profit equals ________minus________. 2. Economic cost equals ________cost plus ________cost. 3. For a perfectly competitive firm, marginal revenue equals ________, and to maximize profit,...

Q:

1. Economic profit equals ________minus________. 2. Economic cost equals ________cost plus ________cost. 3. For a perfectly competitive firm, marginal revenue equals ________, and to maximize profit,...

Q:

1. Economic profit equals ________minus________. 2. Economic cost equals ________cost plus ________cost. 3. For a perfectly competitive firm, marginal revenue equals ________, and to maximize profit,...

Q:

Required information Use the following information for the Exercises 12-13 below. (Algo) [The following information applies to the questions displayed below.] Del Gato Clinic's cash account shows an...

Q:

CAN SOMEONE SHOW ME HOW TO SOLVE THIS PROBLEM ON EXCEL? STEP BY STEP LITERALLY !! AND THE CELLS YOU USED + FORMULAS AND HOW YOU ARRIVED AT THE ANSWER? THANKS :) Consider a project with free cash flow...

Q:

Identify as operating, investing, or financing. paid dividends to shareholders purchased business equipment sold plant assets for a gain paid advertising expense sold merchandise to customers...