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
Dmitry [639]
3 years ago
13

Given the total fixed-cost curve in gray and the total variable-cost curve in color, draw the total cost curve. Three points on

the total variable-cost curve have been identified for reference. Use them to plot three points on the total cost curve with the point tool and then connect those points with the curved-line tool.
Business
1 answer:
saveliy_v [14]3 years ago
4 0

Answer:

TFC : Horizontal Line parallel to X axis

TVC : Upward sloping inverse S shape curve from origin

TC : Upward sloping increase S shape curve, with Y axis intercept = TFC

Explanation:

Total Fixed cost [TFC] is the total production expenditure, done on fixed factors of production (Eg - on machine, building etc). It is incurred even at zero level of output, stays same (constant) irrespective of output level. So, it's curve is a  constant horizontal line.

Total Variable Cost [TVC] is the total production expenditure, done on variable factors of production (Eg - on raw material). It is zero at zero level of output,  directly related to level of output thereafter. It first increases at a decreasing rate, then increases at an increasing rate. So, it's curve is inverse S upward sloping curve from origin.

Total Cost [TC] is the total cost incurred on all factors of production (fixed & variable). It is sum of TVC & TFC. As TFC is constant at all levels of output, TC changes due to change in TVC. So, TC is also directly related to output level, first increases at increasing rate & then at decreasing rate. Hence, it is also a inverse S upward sloping curve. But, it also includes constant TFC. So, the curve has intercept on Y axis = TFC (it doesn't start from origin).

You might be interested in
For important management positions companies often use​
natali 33 [55]

Answer:

The correct answer would be Specialized Executive Search Firms.

Explanation:

When companies hire employees, they usually use the conventional methods of recruitment, like giving ads in newspapers or pasting ad on a social job site, etc. But when employees for the important management positions are required to hire, companies often use Specialized Executive Search Firms. These are the recruitment firms which takes the demands of the employer and search for the best of the best candidates to be interviewed by the employers. Such firms have fine data about the best candidates in their databases which updates regularly. Also, after selecting the candidates, they first take initial interviews of the potential employees themselves and then route them to the employer.

4 0
3 years ago
Marcus paid $35 to buy a potato cannon, a cylinder that shoots potatoes hundreds of feet. He was willing to pay $45. When Marcus
julsineya [31]

Answer:

The question is incomplete; Determine the consumer surplus from the original purchase and the additional surplus generated by the resale of the cannon.

Marcus' consumer surplus=  $45-$35= $10

Starling's consumer surplus= $80-60= $20

Marcus'  producer surplus = $60-35 = $25

Explanation:

5 0
3 years ago
Halliford Corporation expects to have earnings this coming year of $3/share. Halliford plans to retain all of its earnings for t
jeka57 [31]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

6 0
3 years ago
The Typhoon Resort, which has 100 rooms, has currently been experiencing an occupancy dip to a 60.00% level. The current rack ra
BlackZzzverrR [31]

Answer:

the current total contribution margin = 100 x 60% x ($80 - $20) = $3,600 per day

scenario 1: $10 discount

$3,600 = 100 x ?% x ($70 - $20)

$3,600 = $5,000 x ?%

$3,600 / $5,000 = ?%

occupancy rate = 72%

scenario 2: 10% discount

$3,600 = 100 x ?% x ($72 - $20)

$3,600 = $5,200 x ?%

$3,600 / $5,200 = ?%

occupancy rate = 69.23%

5 0
3 years ago
Although he is not sure about specific products, Diogo heads directly for a store selling Godiva Chocolates, because he knows th
Shalnov [3]

Answer:

brand awareness is the correct answer.

Explanation:

6 0
2 years ago
Other questions:
  • A master budget​ ________. A. is the initial plan of what the company intends to accomplish in the period and evolves from both
    7·2 answers
  • How do your financial choices impact the economy? Trace the impact of your financial decisions.
    15·1 answer
  • Given the total fixed-cost curve in gray and the total variable-cost curve in color, draw the total cost curve. Three points on
    13·1 answer
  • Fear of a lawsuit prevents many employers from giving totally honest recommendations to former employees. this reflects a change
    10·1 answer
  • Which activity would a marketer consider to occur at a place, as defined in the four Ps of marketing? A. a person researching ma
    10·1 answer
  • If supply and demand for a good both decrease, which of the following is true? Group of answer choices Equilibrium quantity will
    6·1 answer
  • Olivia is really good at working with computers and has been helping at her mom's company by setting up and maintaining the empl
    14·1 answer
  • -WILL GIVE BRAINLIEST-
    15·1 answer
  • The effect of the declaration of a cash dividend on a company's financial statements is to:_______
    9·1 answer
  • Alex is starting a career in ux and wants to be able to specialize in a particular ux design role and focus on one project from
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!