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
Ivanshal [37]
3 years ago
13

assume that in the short run a firm is producing 800 units of output, has average total costs of $150, and has cost of $100. the

firm's total variable costs are?
Business
1 answer:
MakcuM [25]3 years ago
4 0

Answer:

$80,000

Explanation:

Missing word <em>"and has average variable costs of $100"</em>

<em />

Note: AVC = Average variable cost, TVC = total variable cost

AVC = TVC / Output

$100 = TVC/800 units

TVC = $100*800 units

TVC = $80,000

So, the firm's total variable costs are $80,000.

You might be interested in
Holders of common stock receive certain benefits, such as a residual claim, which is the
Elenna [48]
<span>right to share in any remaining assets after creditors have been paid off, should the company cease operations. A residual claim is one benefit that common stock holders can receive. This claim takes effect once the company itself is liquidated. The assets that are left upon liquidation are divided evenly, and the common stock holders receive a proportional part of the assets at liquidation. Among this, common stock holders receive dividends.</span>
7 0
3 years ago
_________ management emphasized internal operations because managers were concerned primarily with meeting the explosive growth
xenn [34]

Answer:

Systematic management

Explanation:

Systematic management is an approach of management which focus on the process of the management instead of the final outcome. The objectives of this approach to the management are:

To establish the particular procedures and processes to be used in the completion of the job task.

So, the systematic management is the one which focus on the internal operations as managers are concerned with the growth brought about through the Industrial Revolution.

5 0
3 years ago
​Simmons, Inc. uses the​ lower-of-cost-or-market method to value its inventory that is accounted for using the LIFO method. Data
MA_775_DIABLO [31]

Answer:

The lower- of- market- or cost for the item is $21

Explanation:

In the lower of cost or market, the market begins at the replacement cost which is $20, which is then limited or restricted to a ceiling and a floor.

The ceiling is computed as:

Ceiling = Selling price - Completion cost

where

selling price is $30

Completion cost is $2

Putting the values above:

Ceiling = $30 - $2

Ceiling = $28

Computing the floor as:

Floor = Ceiling - Normal profit margin

Floor = $28 - $7

Floor = $21

As the market cannot be lower than the floor which is $21. Therefore, the lower of cost which is $26 and the market which is $21. But have to take lower. So, it is $21.

6 0
3 years ago
You are considering a project with an initial cost of $4,600. What is the payback period for this project if the cash inflows ar
klio [65]
The correct answer is C, 2.89 years
3 0
3 years ago
Concept maps work because they _______. a. are colorful and interesting b. can be drawn by almost anyone c. visually demonstrate
stich3 [128]

Answer:

concept maps work because they <u>visually demonstrate relationships</u>

8 0
2 years ago
Other questions:
  • he manufacturing overhead budget at Franklyn Corporation is based on budgeted direct labor-hours. The direct labor budget indica
    10·2 answers
  • XminusIndustries manufactures 3minusD printers. For each​ unit, $ 2 comma 800 of direct material is used and there is $ 1 comma
    11·1 answer
  • (a) how much more output does the $18 trillion u.s. economy produce when gdp increases by 1.0 percent? instructions: enter your
    15·1 answer
  • A restaurant bill is made up of the following: $12.50 for starters, $28.55 for main courses, and $8.95 for deserts, plus a 15% s
    9·1 answer
  • Approximately __________ of trades involving shares issued by firms listed on the New York Stock Exchange actually take place on
    6·1 answer
  • Storico Co. just paid a dividend of $3.15 per share. The company will increase its dividend by 20 percent next year and then red
    8·1 answer
  • The income statement is prepared from:
    5·1 answer
  • I WANT TO THANKS EVERYONE FOR HELPING ME PASS MY QUIZZES
    13·2 answers
  • How to use smok mico kit?
    7·1 answer
  • Do u think he is cute??? if so thennn.. ikrrrr he is so fineee.. but anyways just follow him on tik. t0 k
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!