Some costs do not vary with the quantity of output produced. those costs are called

a. marginal costs.

b. fixed costs.

c. explicit costs.

d. average costs.

LO 6.1Active Frame, Inc., manufactures clear and tinted sport glasses. The manufacturing of clear glasses takes 45,000 direct labor hours and involves 1,700 parts and 115 inspections.

What is Net Worth? How do you calculate it?

In order to derive an individual's demand curve for salmon, we would observe what happens to the utility-maximizing bundle when we change (A) income and hold everything else constant (B) tastes and preferences and hold everything else constant (C)

An optimizing consumer will select the consumption bundle in which the: a. ratio of total utilities is equal to the relative price ratio. b. ratio of income to price equals the marginal rate of substitution. c.

Assume that houses in an area appreciate at the rate of 4 percent a year. A borrower expects to have a loan-to-value ratio of 90 percent. What is the approximate expected appreciation rate on home equity (EAHE) ?

Inventories are part of investment and therefore included in gdp because

7. The constant growth model can be used to value the stock of firms that have which type (s) of dividends? A. Dividends that change by either a constant amount or a constant rate B.

A company's beginning Work in Process inventory consisted of 29,000 units that were 20% complete with respect to direct labor. These beginning units were completed and another 104,400 units were started during the current period.

The credit terms, 2/15, n/30, indicate that a: Multiple Choice two percent discount can be deducted if the invoice is paid after the fifteenth day following the sale, but before the thirtieth day.

Chen runs a consulting firm that provides strategies to companies that are into space exploration. What type of business does Chen own? A. manufacturing B. merchandising C. service D. wholesale