Inputs to the production process are fixed

Assignment Help Econometrics
Reference no: EM13982223

Question 1

In the linear breakeven model, the difference between selling price per unit and variable cost per unit is referred to as:

Answer

Selected Answer:

contribution margin per unit

Correct Answer:

contribution margin per unit

Question 2

A ____ total cost function implies that marginal costs ____ as output is increased.

Answer

Selected Answer:

linear; increase linearly

Correct Answer:

linear; are constant

Question 3

The short-run cost function is:

Answer

Selected Answer:

relevant to decisions in which one or more inputs to the production process are fixed

Correct Answer:

relevant to decisions in which one or more inputs to the production process are fixed

Question 4

In a study of banking by asset size over time, we can find which asset sizes are tending to become more prominent. The size that is becoming more predominant is presumed to be least cost. This is called:

Answer

Selected Answer:

survivorship analysis.

Correct Answer:

survivorship analysis.

Question 5

In determining the shape of the cost-output relationship only ____ depreciation is relevant.

Answer

Selected Answer:

time

Correct Answer:

usage

Question 6

Reference no: EM13982223

Questions Cloud

Find the magnitude of the magnetic field inside the toroid : The figure shows a toroid with N total turns and a current I . Apply Ampere's Law to find the magnitude of the magnetic field inside the toroid and at a distance r from the axis of the toroid. [Make sure you draw a diagram to show the Amperian loo..
Value-enhancing project to the company : How do managers know whether this project is a value-enhancing project to the company? What is the appropriate capital budgeting tool to analyze the benefits of the project?
How has new york city changed in recent decades : How has New York City changed in recent decades? Do you think it is a better place to live now than it was in the past? If you were a poor immigrant coming to New York City, during which period of history - from the colonial period to the present ..
Find the magnitude of the magnetic field inside the toroid : The figure shows a toroid with N total turns and a current I . Apply Ampere's Law to find the magnitude of the magnetic field inside the toroid and at a distance r from the axis of the toroid. [Make sure you draw a diagram to show the Amperian loo..
Inputs to the production process are fixed : In the linear breakeven model, the difference between selling price per unit and variable cost per unit is referred to as:
Value-enhancing project to the company : How do managers know whether this project is a value-enhancing project to the company? What is the appropriate capital budgeting tool to analyze the benefits of the project?
How has new york city changed in recent decades : How has New York City changed in recent decades? Do you think it is a better place to live now than it was in the past? If you were a poor immigrant coming to New York City, during which period of history - from the colonial period to the present ..
Results-filled executive summary : Critically analyze the provided information on Apple Computers. In particular, each student updates the information by additional research to include Apple's newer product lines, its competitors, and recent events, and decides the lessons that hav..
Make a frequency table and a histogram : Following are the speeds of 40 cars clocked by radar on a particular road in a 35-mph zone on a particular afternoon, Make a frequency table and a histogram, then describe the general shape of the distribution

Reviews

Write a Review

Econometrics Questions & Answers

  Calculate the interest rate on 1-year treasury securities

Suppose the inflation rate is expected to be 6.6% next year, 4.6% the following year, and 3.05% thereafter. Assume that the real risk-free rate, r*, will remain at 2.45% and that maturity risk premiums on Treasury securities rise from zero on very..

  Explain all the contributing elements to this culture clash

What should Liu do? He has only minutes to determine how he can juggle these competing demands and how he should approach these issues.

  What is the uniform annual equivalent value

An electronic device is available that will reduce this year's labor cost by $10,000. The equipment is expected to last for 8 years. If labor costs increase at an average rate of 7% per year and the interest rate is 12% per year: a. What is the m..

  What cultural and social changes were brought about by press

In every scientific poll on inventions, the printing press has consistently been voted the most significant invention of the past 2000 years. What cultural and social changes were brought about by the printing press

  What will the new equilibrium price and quantity be

Assume the market for Florida oranges is in equilibrium. Demand is represented by Qd = 60 - 2P Supply is represented by Qs = 10 + 3P where the quantity is in thousands of pounds.

  Calculate the breakeven annual mileage for the two vans

The diesel powered van costs $39,000 and the gasoline powered one $34,000. They have fuel economies of 11mpg and 7mpg respectively. Gasoline is expected to have an average price of $2.25 per gallon, diesel $2.35 per gallon. The company uses 17.5% ..

  Determine what is the equilibrium price

The following relations describe the supply and demand for posters. Qd = 65,000 - 10,000 P Qs = -35,000 + 15,000P Where Q is the quantity and P is the price of a poster, in dollars. a. Complete the following table. Price Qs Qd Surplus or Shortage

  What are the accounting profit and economic profit for each

During a particular year, a consulting firm has the following costs: 575,000 in wages and salaries to employees; 70,000 in rental payments; and 27,000 for office supplies, utilities and advertising. In Addition Janis the owner of the firm is full ..

  When to include the trade-offs or opportunity costs

Assume that the country is in a period of high unemployment, interest rates are at almost zero, inflation is about 2% per year, and GDP growth is less than 2% per year. Suggest how fiscal and monetary policy can move those numbers to an acceptable..

  Provide a detailed description of the following issues

Analyze the most significant economic effects of the researched issues on health care industry. Provide at least two (2) examples of these issues to support your response.

  Is winsome widgets in long-run equilibrium? explain.

Given a numeric production schedule, the student will calculate profit and make decisions about short-run profitability to answer questions relating to their calculations.

  Calculate the sample st deviation

What is the size of the sampling error in this case b.  What is the probability that the average wait time would be less than 80 seconds c.  What is the probability that the average wait time would be more than 109 seconds d.  What is the probability..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd