+1-415-670-9189
info@expertsmind.com
Fixed cost and vairiable cost
Course:- Microeconomics
Reference No.:- EM1326




Assignment Help
Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Microeconomics

Questions: : Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

(a)           The cost of cocoa               

(b)           Business rates (local taxes).              

(c)           An advertising campaign for a new chocolate bar. ............................................

(d)           The cost of electricity (paid quarterly) for running the mixing machines .................

(e)           Overtime pay      

(f)            The basic minimum wage agreed with the union (workers must be given at least one month's notice if they are to be laid off).               

(g)           Wear and tear on wrapping machines.           

(h)           Depreciation of machines due simply to their age.      

(i)            Interest on a mortgage for the factory: the rate of interest rises over the course of the month.           

 




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Microeconomics) Materials
Presume that both Country A and Country B have the same production function: Y/L = 6*(K/L)0.5. But, Country A has a capital-to-labor ratio that is initially twice as big as Co
The article belongs to economics and it is deals with the sharp increase in the price of 3-D tickets in the year 2010. As more and more movies were being released in 3-D.
You have a utility function characterized by u(c)=c^(1/2). If you have just $5 before you play the game (so you have just enough to play), what will your expected utility be
Through what channels does monetary policy affect the economy? That is, what are the monetary policy transmission mechanisms? List first them, then clearly describe two of t
The marginal private cost (MPC) of such lawn upkeep is represented by the following equation: MPC = 0.5Q, where Q is again the number of hours engaged in lawn upkeep. how ma
What is a perfectly competitive market? What is marginal revenue? How is it related to total and average revenue? How does competitive firm determine the quantity that maximiz
The United States is currently recovering from its bad recession in over twenty-five years. Using the resource provided in this and earlier modules of course describe what fac
A company establishes a sinking fund for replacement of equipment worth $700,000 that depreciates in 8 years. How much should the company deposit semi-annually into an accou