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Goryan [66]
2 years ago
5

Cindy's car wash has average variable costs of $2 and average fixed costs of $3 when it produces 100 units of output (car washes

). the firm's total cost is:_______
a. $300.
b. $500.
c. $100.
d. $200
Business
1 answer:
Ivanshal [37]2 years ago
6 0

The correct option is b. the firm's total cost $500.

Total cost:

Total fixed costs are the total of all recurring, fixed costs that a business incurs.

The variable and fixed expenses of providing commodities are combined to create a total using the total cost formula. The equation is:

Total cost = (Average fixed cost x average variable cost) × Number of units produced.

Cindy's Car Wash has average variable costs of $2 and average fixed costs of $3 when it produces 100 units of output (car washes).

The firm's total cost is

AFC = $3, AVC = $2

Average total cost = AFC + AVC = $5

It produces 100 units

$5 × 100= $500

Therefore, option b is the answer $500.

Learn more about total cost here brainly.com/question/25369053

#SPJ4

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A learning rate of 0.9 means each __________ of the cumulative output reduces unit costs by __________.
lyudmila [28]

Answer:

b. 10% doubling

Explanation:

Options are <em>"a. tripling, b. 10% doubling, c. 90% tripling, d. 90% doubling, e. 10%"</em>

In this question, 90%(0.9) learning rate means that (1-0.9)10% unit of input is reduced each time the production is doubled. In a nutshell, the learning curve percentage represents the proportion by which the amount of an input per unit of output is reduced each time production is doubled.

4 0
3 years ago
You would like to know the minimum level of sales that is needed for a project to be accepted based on its net present value.
Andrei [34K]

Answer:

C. financial break-even point.

Explanation:

Break even point in economics is the point in the business, wherein cost and revenue generated are equal and business make no profit, no loss. Similary Financial break even has a same concept, however, it is a point in business, wherein earning before EBIT is equal to the fixed financial cost of the company and these fixed costs should be earned by the company to run its business and meet its fixed financial obligation. The earning above the financial break-even point is a profit to the shareholder.

Point in financial break even, wherein earning per share is equal to zero.

8 0
2 years ago
A _____________ is a company that has a proven business model and is willing to sell the rights to use the business model to oth
scoundrel [369]

Answer: Franchise

                       

Explanation: In simple words, a franchise refers to an arrangement under which one entity allows other entity to use its business models, procedures and intellectual properties etc, in return of any loyalty or other such benefit.

This is a common arrangement nowadays and is usually used by the organisations to operate their business globally.

Hence from the above we can conclude that the correct answer is franchise.

6 0
3 years ago
Daniel is the owner of a footwear manufacturing company. To increase the production of footwear on a weekly basis, he orders his
alexandr1967 [171]

Answer:

According to the Blake/Mouton grid, Daniel falls under the produce-or-perish management style, also known as the authority compliance style  

Explanation:

This management style is very autocratic, very much a Theory X management style.

Daniel is very autocratic, has strict rules and policies. In the short run, this management style can achieve high productive results, but in the long run the low morale of the workers will end up hurting their performance. Daniel believes that his employees are just a means to an end, and that their needs are secondary and not important.

7 0
2 years ago
How much must harry's hardware deposit at a 14.5% annual interest for 240 days in order to earn $500 in simple interest?
marissa [1.9K]

To get the formula for the principal, we will use the formula for the interest and derived it from there:

I = Prt is the equation then it will be P = I /rt since we are looking for the principal.

 

P = I /rt

 

= $500 / (0.145 x 240/360)

 

= $500 / 0.0967

 

= $5170.63

 

To check:

I = Prt

 

= $5170.3 x 0.145 x 240/360

 

= $499.8 or $500

5 0
3 years ago
Read 2 more answers
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