Question: 'I do not care about fixed costs because all costs are variable in the long run.' Do you agree? Give reasons to support your answer.

'I do not care about fixed costs because all costs are variable in the long run.' Do you agree? Give reasons to support your answer.

(4 marks)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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 Accounting Questions!

Q:

I need your help to answer these MCQs Pls. 11. The TVC of producing 2 units of output is $16. The TVC of producing 3 units of output is $20. The TVC of producing 4 units of output is $25. The MC of...

Q:

Question 3 (3 marks) Management accounting guidelines. For each of the following items, identify which of the management accounting guidelines applies: cost-benefit approach, behavioral and technical...

Q:

Answer all parts of the qus Answer THREE 1. Critically outline and assess the Marshall-Hicks laws of derived labour demand. Discuss how a trade union might attempt to minimize the adverse...

Q:

drr The website to access the 10K is http://www.sec.gov/edgar/searchedgar/companysearch.html. You should use the 12/31/19 10K filing. This company is in the same industry as P&S. a. Identify the...

Q:

compose a beautiful essay for the following excerpt on chapter 5 of Rutger Bregman's Utopia for Realists, of about 150 words while directly quoting from the author's words (make direct in text...

Q:

I am having a difficult time and I have another one and I am almost done with the class in 2 week Chapter 9: Discussion Questions (Pg 404-405) 2. What are some of the purposes of budgeting? 4....

Q:

I am having a difficult time and I have another one and I am almost done with the class in 2 week Chapter 9: Discussion Questions (Pg 404-405) 2. What are some of the purposes of budgeting? 4....

Q:

I am having a difficult time and I have another one and I am almost done with the class in 2 week Chapter 9: Discussion Questions (Pg 404-405) 2. What are some of the purposes of budgeting? 4....

Q:

I am having a difficult time and I have another one and I am almost done with the class in 2 week Chapter 9: Discussion Questions (Pg 404-405) 2. What are some of the purposes of budgeting? 4....

Q:

i want the answer or solution to this Mid-test copy The University of the South Pacific Serving the Cook Islands, Fiji, Kiribati, Marshall Islands, Nauru, Niue, Samoa, Solomon Islands, Tokelau,...

Q:

Suppose that X is a random variable for which the m.g.f. is as follows: (t) = et 2+3t for

Q:

We model the movement of stock prices using a Binomial tree. Each branch of the tree spans a time horizon of 4 months. The proportional up movement on the tree (u) is 1.79. What is the volatility of...

Q:

Suppose f ' ( 8 ) = 8 and g ' ( 8 ) = 7 Find h ' ( 8 ) where h ( x ) = 5 f ( x ) + 2 g ( x ) + 4 . . h ' ( 8 ) =

Q:

QUESTION 9 How will your in-text referencing be done for a source with two authors now will your in-text referencing be done for a source with two authors A. (Bothma and Viljoen, 2005:101) B. (Bothma...

Q:

QUESTION 8 How will your in-text entry for an author (Tshabalala) appear in your text? A. (Tshabalala, 1999:56) B. (Tshabalala 1999:56) C. (Tshabalala 56:1999)

Q:

A load of 144 kN acts on the repeating section of the triple-riveted butt joint in following figure. Length of section is 200 mm, diameter of rivet holes is 23.5 mm thickness of main plate is 14 mm...

Q:

QUESTION 7 What is regarded as a fair percentage to copy from a published work for private use? A. 5% B. 15% C. 20% D. 10%

Q:

A homeowner borrows $300,000 over a 15-year mortgage term, fully amortising and payable monthly, at an interest rate of 4.5% per year fixed for 6 years, and is charged a closing fee of 2% on the...

Q:

What do many organizations use to schedule and coordinate changes for information systems? Question 2 3 options: A . Impact analysis B . Backout plans C . Maintenance windows D . Version control

Q:

9. What is meant by the statement, the context is only relevant to us if we understand what it is trying to say?

Q:

7. What does it mean when we say that the words we use to denote a situation set limits on the solutions we can create at a later point?

Q:

8. Give examples from your own everyday life that the reference point you use has significance for the actions you take.