A company currently sells 10,000 units at $9/unit and makes $20,000 accounting profit.Variable costs currently stand at $6 per unit.What are the company's fixed costs?
A) $5,000
B) $10,000
C) $15,000
D) The company has no fixed costs
Correct Answer:
Verified
Q1: A business incurs the following costs per
Q2: In the long-run,all costs are
A)Fixed costs
B)Variable costs
C)Sunk
Q4: Fixed costs are
A)costs that vary with output
B)always
Q5: A business incurs the following costs per
Q6: Variable costs are
A)costs that vary with output
B)not
Q7: Firm X is producing 1000 units,selling them
Q8: Jane makes 1000 items a day.Each day
Q9: In the short-run:
A)All inputs are variable
B)Some inputs
Q10: For a trucking company,all of the following
Q11: A business incurs the following costs per
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