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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).

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An owner of a corporation is known as a(n):Group of answer choicesLimited partner.Stockholder.General partner.Director.
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Answer:

Director

Explanation:

8 0
3 years ago
Peter, has discovered another wine, wine D. Wine drinkers are willing to pay 45 dollars to drink it right now. The amount that w
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Answer:

e. 71 dollars

Explanation:

Peter was willing  to but the wine for $45

In a year, there is an increase of $15 = $45 + $15 = $60

The interest rate of 10% of $60 = $6

Total = $66 ~ $70

Therefore, the amount he is willing to pay for the win if he buys it as investment would be 71 dollars.

6 0
2 years ago
Automatic stabilizers refer to:
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Answer:

B) government spending and taxes that automatically increase or decrease along with the business cycle.

Explanation:

The two most common automatic stabilizers are: income taxes and unemployment benefits.

When the economy is strong, people make more money, and income tax revenue automatically increases.

On the contrary, when the economy is weak, or in recession, people earn less, and more of them are unemployed. Unemployment benefits therefore increase accordingly.

4 0
3 years ago
The service sector is important for all of the following reasons EXCEPT Select one: A. services make an important contribution t
ioda

Answer:

Answer letter C.

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6 0
3 years ago
Data concerning Bedwell Enterprises Corporation's single product appear below:
melisa1 [442]

Answer:

unit sales = $3482.49

Explanation:

given data

Selling price per unit  = $240.00

Variable expenses per unit = $99.50

Fixed expense per month = $454,290

monthly target profit =  $35,000

solution

we get here contribution margin that is express as

contribution margin = Sales - Variable cost    ..................1

put here value

contribution margin = $240 - $99.50

contribution margin =  $140.50

so here Target Contribution margin will be

Target Contribution margin = Fixed cost + Target profits    ...............2

put here value

Target Contribution margin = $454,290 + $35,000

Target Contribution margin = $489290

so here unit sales will be as

unit sales = \frac{489290}{140.5}

unit sales = $3482.49

8 0
3 years ago
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