1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lisa [10]
1 year ago
10

in the long-run which of the following is true? a. total cost equals fixed cost plus variable cost. b. the size of a firm's phys

ical plant can be changed but the firm cannot adopt new technology. c. there are no fixed costs. d. the firm can vary its explicit costs but not its implicit costs.
Business
1 answer:
gizmo_the_mogwai [7]1 year ago
6 0

Since there are no fixed costs in the long run, choice (c) is the correct one.

<h3>What is implicit cost?</h3>

You make the decision to forgo receiving a salary during the first two years in order to assist cover starting costs. Any expense that has already happened but isn't always shown or reported as a separate charge is considered an implicit cost. It stands for an opportunity cost that develops when a business commits internal resources to a project without receiving any direct payment in exchange. In the field of economics, an implicit cost, also known as an imputed cost, implied cost, or notional cost, is the opportunity cost corresponding to what a company must forgo in order to employ a factor of production that it already owns and is therefore not subject to rental fees. In contrast, an explicit expense is one that is paid for up front.

<h3>Which is not an implicit cost?</h3>

Employee salaries serve as a direct variable cost that is dependent on the level of production; as such, they are an accounting expense rather than an implicit one.

To know more about Implicit Cost visit:

brainly.com/question/15849018

#SPJ4

You might be interested in
Golden Eagle Company prepares monthly financial statements for its bank. The November 30 and December 31 adjusted trial balances
Maru [420]

Answer:

                                              30-Nov                 31-Dec

                                       debit      credit        debit      credit

supplies                       $2,000                    $3,500

prepaid Insurance      $8,000                    $6,000

salaries payable                           $11,000                  $16,000

unearned revenue                       $3,000                    $1,500

1. Purchases of supplies in December total $4,500.

Dr Supplies expense 3,000

    Cr Supplies 3,000

beginning balance = $2,000 + $4,500 = $6,500

supplies expense = $6,500 - ending balance

2. No insurance payments are made in December.

Dr Insurance expense 2,000

    Cr Prepaid insurance 2,000

Insurance expense = November 30's balance - December 31's balance

3. $11,000 is paid to employees during December for November salaries.

Dr Salaries expense 16,000

    Cr Salaries payable 16,000

The beginning balance of salaries payable = $11,000, then it was paid (balance = $0), so any ending balance represents wages expense.

4. On November 1, a tenant pays Golden Eagle $4,500 in advance rent for the period November through January.

Dr Unearned revenue 1,500

    Cr Rental revenue 1,500

Monthly rent revenue = $4,500 / 3 = $1,500

unearned revenue balance Nov. 30 = $3,000

unearned revenue balance Dec. 31 = $1,500

rental revenue = Nov. 30's balance - Dec. 31's balance

8 0
3 years ago
A national grocery chain is divided into well-demarcated groups such as the Northeastern division, the Northwestern division, th
pochemuha

Based on the fact that the divisions of this national grocery chain are set up in such a way that they can serve different locations, this is a<u> geographic structure.</u>

<h3>What is a geographic structure?</h3>

This is a departmentalization style where a company creates divisions in various areas to service their customers located in those places.

This is what this national grocery chain is doing by setting up divisions in various areas to access their customers around the country.

Find out more on the departmentalization at brainly.com/question/15052404.

#SPJ12

5 0
2 years ago
Ethical standards in business are principles or codes for how a business conducts itself with ___, customers, and the public.
k0ka [10]

Answer:

B. Employees

Explanation:

3 0
3 years ago
Read 2 more answers
Consider the graphic in your text that shows four quadrants for value-creating diversification strategies based on operational a
vaieri [72.5K]
8 lol just saying just saying I think it’s right
6 0
3 years ago
The term "balanced reciprocity" refers to:_______.A. The system of exchange in which items are bought and sold, using money, wit
frez [133]

Answer:

D. The system of exchange between people where the giver usually expects something in return.

Explanation:

Balanced reciprocity refers to a system of exchange between people where the giver usually expects something in return. It is also known as Symmetrical reciprocity.

5 0
3 years ago
Read 2 more answers
Other questions:
  • Celeste Nossiter borrowed $6200 from her father to buy a used car. She repaid him after 9 months, at an annual interest rate of
    6·2 answers
  • The chief executive officer earns $20,000 per month. as of may 31, her gross pay was $100,000. the tax rate for social security
    8·2 answers
  • Which of the following best defines the General Electric fastworks approach
    15·1 answer
  • Presented below are data relating to labor for Verde Appliance Repair Shop.
    11·1 answer
  • A $1,000 par value bond was issued 25 years ago at a 12 percent coupon rate. It currently has 15 years remaining to maturity. In
    11·2 answers
  • Please Answer Quickly! I need to get my Unit Test(s) for the semester done! (Thank You in Advanced!!!)
    8·2 answers
  • What is the value of $1000 par value 8 3/8% Marriott Corporation bond for the for each of the following required rates of return
    13·1 answer
  • A company is considering two investment projects. If they use the total project approach and the differential approach, both app
    14·2 answers
  • A mother with a sick child accidentally gives her child a fever reducer that is meant for adults, rather than a fever reducer me
    14·1 answer
  • In sugar pine trees, lots of seedling are produced, but very few survive to adulthood — death occurs predominantly in young indi
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!