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exis [7]
4 years ago
6

The accompanying table gives cost data for a firm that is selling in a purely competitive market. at 6 units of output, total fi

xed cost is ____ and total cost is ____.
Business
1 answer:
Alex_Xolod [135]4 years ago
8 0

When 6 units of output are produced -

Average fixed cost (AFC) = $25 per unit

Average variable cost (AVC) = $25 per unit

Calculate Total Fixed Cost (TFC) -

TFC = AFC * Output = $25 * 6 = $150

Calculate Total Variable Cost (TVC) -

TVC = AVC * Output = $25 * 6 = $150

Calculate Total Cost (TC) -

TC = TFC + TVC = $150 + $150 = $300

Thus,

At 6 units of output, total fixed cost is $150 and total cost is $300.

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Anthony is putting together an employee group to help add new technology to his company's existing products. He is seeking emplo
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True

Explanation:

True, but to achieve full success Anthony should manage his millennials properly. Despite being labeled as 'tech savvy, flexible, adaptable,  they need to feel their voices are being heard,  they're part of a team, so they will generate a stronger and stronger sense of commitment.

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3 years ago
Sabrina Duncan had gross earnings for the pay period ending 10/15/16 of $5,835. Her total gross earnings as of 9/30/16 were $104
ivann1987 [24]

Answer:

option (A) $212.97

Explanation:

Data provided in the question:

Gross earnings for the pay period ending 10/15/16 = $5,835

Total gross earnings as of 9/30/16 = $104,400

Social Security tax rate = 6.2%

Now,

Total earnings

= Gross earnings for the pay period ending 10/15/16 + Total gross earnings as of 9/30/16

=  $5,835 + $104,400

= $110,235

since,The Social Security taxes are on a maximum earnings of $106,800 per year

therefore,

Sabrina's Social Security withheld from her 10/15/16 paycheck will be

= ( Total earnings - $106,800 ) × Social Security tax rate

= ( $110,235 - $106,800 ) × 0.062

= $3,435 × 0.062

= $212.97

Hence,

The answer is option (A) $212.97

7 0
3 years ago
Rachel recently started a new gift shop in town. When she is deciding how to price the new products in her shop, she measures th
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Answer:

The correct word for the blank space is: competitive.

Explanation:

Pricing strategies are methods companies use at the moment of setting the prices of their products. The most common pricing strategies are:

  • Cost-plus pricing.<em> Involves recognizing the production costs and adding a percentage of those costs which represents the profit of the firm. </em>
  • <u>Competitive pricing</u>.<em> Implies establishing the price of a product similar to what competitors in the market have set. </em>
  • Value-based pricing.<em> It requires setting the price of goods and services based on what consumers think the price should be. </em>
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7 0
3 years ago
The employees of an information technology company complain that the company has been spending a lot of funds in wasteful activi
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Options:

A. Public prosecutor

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4 0
3 years ago
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