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
elena55 [62]
3 years ago
14

Imagine that you are an entrepreneur, making designer t-shirts in your garage. Your total cost (in dollars) is given by the equa

tion TC = 300 + 10Q, where Q represents the number of t-shirts you make. Your fixed cost is $______, and your marginal cost is $______­­.
Business
1 answer:
Rina8888 [55]3 years ago
4 0

Answer:

Fixed cost is $300

Marginal cost is $10.

Explanation:

1) Fixed cost of production are constant, occur regularly, and do not change in the short-term with changes in production.

TC = FC + VC(Q)

FC = Fixed cost

TC = total cost

VC = variable cost

Q = quantity

Since TC = 300+ 10Q

Therefore, fixed cost is $300.

2)Marginal costs are defined as the overall change in price when a buyer increases the amount purchased by one unit.

Marginal cost = Change in total cost /change in quantity.

Marginal cost = ∆TC/ ∆Q

Since variable cost = marginal cost × quantity of products

Therefore from the given total cost,

TC = 300+ 10Q

marginal cost = $10.

Therefore, Fixed cost = $300 and,

Marginal cost = $10

You might be interested in
Which of the following statements concerning ideal standards is incorrect?
lbvjy [14]

Answer:

C. Ideal standards are better suited for cash budgeting than practical standards

Explanation:

The standards that basically handles no work interruptions or no machine breakdown is called ideal standards.

8 0
4 years ago
Coronado Industries sells one product and uses a perpetual inventory system. The beginning inventory consisted of 77 units that
soldi70 [24.7K]

Answer:

$6745

Explanation:

Given: Beginning inventory is 77 units at the cost of $19 per unit.

            Purchased inventory is 476 units at $19 per unit.

            Sales during the month is 355 units at $45 per unit.

Now, let´s find the cost of goods sold using LIFO method.

We know, LIFO method is Last in first out, which sell out inventory, which are most recently purchased. In a period of rising prices, LIFO inventory method tends to give the highest reported cost of goods sold.

As sales unit is 355 units.

Let´s take units from recent purchased inventory.

Cost of good sold= 355\ units\times 19= \$ 6745

Hence, the cost of goods sold using the LIFO method is $6745.

7 0
3 years ago
If unnecessary government borrowing (deficit spending) and high tariffs are both harmful to the economy, why do governments in d
Nastasia [14]
The correct answer for the question that is being presented above is this one: "D. Most politicians do not care about helping the people become more prosperous."

Here are the following choices:
<span>A. Politicians will follow bad economic policies in order to attract votes.
B. Most politicians have a very poor understanding of the principles of economics.
C. Politicians do not care about what is good for their citizens.
D. Most politicians do not care about helping the people become more prosperous.</span>

5 0
3 years ago
Ollie leased a building in old town. ollie installed a washer and dryer unit and a new furnace in the basement of the building w
HACTEHA [7]

I believe the answer is: The furnace is a fixture, but the washer and dryer are not.

Fixtures refers to a set of objects whose position is completely fixed and could not be removed unless by destroying a part of the building.  Washer and Dryer are not fixed to any wall of the building and can be moved simply by the cooperation of two people or with the helps of stroll.

8 0
4 years ago
The forces in _________ collisions with another vehicle, tree or pillar are enormous as the momentum and built up energy are rel
Volgvan
A.) head-on. 
rear-ending cars are going the same direction as you, so they don't hit as hard.
trees aren't part of multi-vehicle crashes (hopefully)
3 0
3 years ago
Other questions:
  • The management of Furrow Corporation is considering dropping product L07E. Data from the company’s budget for the upcoming year
    14·1 answer
  • Benji works for a private firm that has been contracted to examine the books of accounts of the sanborn corporation. after she h
    7·1 answer
  • On a particular day, the Dow Jones a rate of change 1.7%. Which of the following statements must also be true?
    15·2 answers
  • According to the text, the most sensible method for budgeting for promotion expenses is to: A. allocate some fixed percentage of
    8·1 answer
  • Financial Crisis Suppose that banks are less able to raise funds and so lend less. Consequently, because people and households a
    14·1 answer
  • An investor holds two bonds, one with 5 years until maturity and the other with 20 years until maturity. Which of the following
    9·1 answer
  • An increase in the stock of capital makes the aggregate productionfunction:a. steeper.b. flatter.c. shift up.d. shift down.e. st
    13·1 answer
  • By purchasing stock, you then become part owner of the company.<br><br> True <br> False
    11·1 answer
  • Think about how and why goods and resources are scarce. Goods and resources can be scarce for reasons that are inherent to their
    9·1 answer
  • True or False: A real option embedded in a capital project gives the investing firm the right but not the obligation to buy, sel
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!