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Mis Yoyooy

In: Science

Submitted By ayesha11
Words 842
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which of the following is most likely to represent a fixed cost of a firm? | Correct |

✓ | Property taxes on the firm's buildings. | | Shipping charges for the delivery of products. | | Electricity. | | Expenditures on assembly-line labor. | Question03 | For the cost function C(Q) = 100 + 2Q , the total fixed cost of producing 5 units of output is | Correct |

| 115. | | 75. | | 43. | ✓ | None of the above. | Question04 | When costs that do not change in the short run are divided by the output level, you have calculated | Correct |

| total fixed costs. | ✓ | average fixed costs. | | average variable costs. | | marginal costs. | Question05 | Which of the following statements is always true? | Incorrect |

| When marginal costs are less than average total costs, average total costs will be increasing. | ✓ | When average fixed costs are decreasing, the difference in the average variable cost and average total cost is decreasing. | | When average fixed costs are decreasing, marginal costs must be less than the average fixed costs. | | When marginal costs are greater than average total costs, average total costs will be decreasing. | Question06 | The lease payments made by a firm fall under the category of: | Correct |

✓ | fixed costs. | | variable costs. | | short-run costs. | | average fixed costs. | Question07 | Based on the table, if the Fixed Cost is $500, what is the Marginal Cost of the 10th unit? | Correct |

| $250 | | $200 | | $50 | ✓ | $300 | Question08 | Which of the following would be a good example of an implicit cost incurred by an airways? | Correct |

| The salaries paid to the pilots. | | The jet fuel bills. | | The purchases of parts needed for maintenance of the aircraft. | ✓ | The rent that could be earned on an aircraft that is owned and used by

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