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
navik [9.2K]
3 years ago
10

Mr. Hudson notes that if he produces 10 pairs of shoes per day, his average fixed cost (AFC) is $14 and his marginal cost is $8;

if he produces 20 pairs of shoes per day, his MC is $15. What is his AFC when output is 20 pairs of shoes per day
Business
1 answer:
zalisa [80]3 years ago
3 0

Answer:

Average fixed cost for 20 units = $7

Explanation:

<em>The fixed costs are cost are expenditures that do not vary with the activity level within a given range. Unlike variable costs, fixed costs are tend to be unaffected in the short run by amount of production work done or service rendered.</em>

The units produced will not have an impact on the total fixed costs but rather on the average fixed cost. The average fixed cost would become lower as the units produced increases.

Average fixed cost = Total fixed cost / Total units produced.

Hence , Total fixed cost = Average fixed cost × units produced

DATA

AFC - $14

Units - 10 units

Total fixed cost = 10 × 14 = $140

Average fixed cost for 20 units =Total fixed cost / Number of units

140/20 = $7

Average fixed cost for 20 units = $7

You might be interested in
Greg needed to earn some money to help pay for
son4ous [18]

It would depend on which Greg you are referring to.

<span>If it’s Greg from Cabin Fever, he needed more money to buy gifts.</span>

If it Greg from the Diary of a Wimpy Kid, he needed more money to buy food, more specifically cookies.

5 0
3 years ago
The current value in today's dollars of a future sum of money is called :______
AleksandrR [38]
Ans: (a) present value
4 0
2 years ago
Suppose the price of Twinkies decreases from $1.45 to $1.25 and, as a result, the quantity of Twinkies demanded increases from 2
valentinak56 [21]
It’s b 1.55
And plus it increases too
5 0
2 years ago
Read 2 more answers
An irate caller reaches you and starts berating your company’s service on a particular product that has been controversial. You
inn [45]

Answer:

B. Listen carefully to the caller, take their number, and promise to get the appropriate person to call back to resolve any issues.

Explanation:

This can be a stressful situation but according to some researchers, it is important that companies train its employees to deal effectively with this kind of situations that can happen at any time. Most important things to take into account to deal with this irate customers and keep the commercial relationship are:

1. Stay calm and don't take things personally.

2. Listen carefully and if pertinent express your apologies.

3. Stand firm and be respectful, but letting them know that there is no need to insult or be rude.

4. Solve the problem and do follow up.

8 0
3 years ago
Julia has noticed that she is receiving more and more stress from work. She is having trouble meeting her deadlines and fears sh
Furkat [3]

Work related stress is a growing problem around the globe these days that only effects the health of the employee and have effects on productivity of the business as well.  

work related stress includes fatigue, sleeplessness, depression, anxiety, problems with interpersonal relationships and discouragement at work.  

A healthy diet and exercise is a must. she should list her assigned tasks in order of priority and schedule the most difficult tasks of each day for times when fresh, such as first thing in the morning. she should not take out stress on loved ones. Instead, she should tell them about her work problems and ask for their support and suggestions. And last but not the least she should seek professional counseling from the psychologist.

4 0
3 years ago
Read 2 more answers
Other questions:
  • If your oil is low when you check it, add __________ of oil to your engine.
    5·1 answer
  • Which job would most likely require a college degree?
    8·2 answers
  • Chris donated securities with a cost of $20,000 and a fair market value of $50,000 to a local civic theater. Chris's tax deducti
    6·1 answer
  • DrexlerDrexler had no stock transactions in 20182018​, so the change in​ stockholders' equity for 20182018 was due to net income
    11·1 answer
  • Eugene Forest sold the following assets: stock acquired 5 years ago (cost $10,000) for $15,000, business equipment held 3 years
    15·1 answer
  • Tyler's net income is approximately $40,000 annually. He has borrowed
    9·1 answer
  • 3. Management activities include all of the following except:
    13·1 answer
  • What does the slope of the production possibilities curve represent? (1 point)
    13·1 answer
  • Maria is the risk manager for a large organization and is evaluating whether the organization should purchase a fire suppression
    15·1 answer
  • A $150 debit to office equipment was entered in the account as a $150 credit. this error caused the trial balance to be out of b
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!