Which of the following is a fixed cost for a chocolate factory over the course of a month?
A) Depreciation of machines due simply to their age
B) The cost of electricity (paid quarterly) for running the mixing machines
C) Overtime pay
D) The cost of cocoa
Correct Answer:
Verified
Q13: We can define total costs as
A) TFC
Q14: The formula for AVC is
A)
Q15: Which of the following is true?
A) MC
Q16: The following diagram shows a firm's short-
Q17: The sum of marginal costs at any
Q19: If marginal cost is above average cost,
Q20: Which of the following represents the point
Q21: Adam Smith used the term 'division of
Q22: Which of the following is not a
Q23: Which of the following defines organisational economies?
A)
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