How does fixed cost affect marginal cost? Why is this relationship important?
Question:
How does fixed cost affect marginal cost? Why is this relationship important?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
Fixed costs have a significant impact on marginal cost and understanding this relationship is crucial for cost management and pricing decisions Heres ...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Now suppose the decision maker in Technical Problem 6 faces a fixed cost of $24. Fill in the blanks in the following table to answer the questions below. AC is the average cost per unit of activity....
-
List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...
-
Assume that consumers view tax preparation services as undifferentiated among producers, and that there are hundreds of companies offering tax preparation in a given market. The current market...
-
Why do you think many people might be skeptical about psychology being a science?
-
CHB, Inc., is a bank holding company that is evaluating the potential for expanding into a 13-county region in the southwestern part of the state. State law permits establishing branches in any...
-
The Bengal Corporation operates car rental agencies at more than 20 airports across India. Customers can choose from one of three contracts for car rentals of one day or less: Contract 1: \($50\)...
-
Owing to economical sample sizes and ease of application, probability-proportional to-size (PPS) sampling has become the most widely used statistical sampling plan in practice today, even by local...
-
The Technically Techno Company has several patents for a variety of different Flash memory devices that are used in computers, cell phones, and a variety of other things. A competitor has recently...
-
Health care administrators may be responsible for increasing engagement of patients in their health care experience. This could include direct contact with current patients to improve their care...
-
Average cost curves (except for average fixed cost) tend to be U-shaped, decreasing and then increasing. Marginal cost curves have the same shape, though this may be harder to see since most of the...
-
A common name for fixed cost is overhead. If you divide fixed cost by the quantity of output produced, you get average fixed cost. Supposed fixed cost is $1,000. What does the average fixed cost...
-
In confirming accounts receivable on 30 June 20X8, the auditor found 15 discrepancies between the customer's records and the recorded amounts in the subsidiary ledger. A copy of all confirmations...
-
State the practices that should be followed by the bank in respect to the following: a. Provision for doubtful debts. b. Income recognition.
-
You have been appointed as the auditor of a company, which maintains its accounts on computers. Write in detail the audit approach that you would follow in the case of the company.
-
Describe the main features of internal check suitable for a bank.
-
Describe the procedure for audit of (a) Departmental undertakings and (b) Statutory corporations.
-
What are the registers to be maintained by an insurance company?
-
Ingals Co. issued $10,000 of common stock when the company was started. In addition, Ingals borrowed $20,000 from the local bank on April 1, 2016. The note had an 8 percent annual interest rate and a...
-
The rate at which the temperature of an object changes is proportional to the difference between its own temperature and the temperature of the surrounding medium. Express this rate as a function of...
-
TIB makes custom guitars and prepared the following sales budget for the second quarter It also has this additional information related to its expenses: Direct material per unit $55, Direct labor per...
-
Which of the following is an operating budget? A. Cash budget B. Production budget C. Tax budget D. Capital budget
-
Echo Amplifiers prepared the following sales budget for the first quarter of 2018: It also has this additional information related to its expenses: Prepare a sales and administrative expense budget...
-
For sgupta20: 700 words, Original Work, References Included, Plagerism free. In text citation included. Write a paper in which you examine the field of abnormal psychology. Address the following...
-
What is the definition of abnormal psychology ? What diagnoses come to mind when defining abnormal psychology?
-
What is Abnormal Psychology? How did Sigmund Freud impact Abnormal Psychology?
Study smarter with the SolutionInn App