Suppose you have a firm in which the owner pays $10,000 per month on rent of the plant and equipment and will pay that regardless of much output they produce, and once they get going they need $10 in materials and $20 in labor for everyone they produce,
A) Their variable costs are $10,000 plus $10 per unit.
B) Their fixed costs are $10,000 and variable costs are $20 per unit.
C) Their fixed costs are $10,000 and variable costs are $30 per unit.
D) Their fixed costs are $10,000 and $10 per unit.
Correct Answer:
Verified
Q23: Suppose a lawn-mowing business has a mower
Q24: Q25: Q26: Suppose a lawn-mowing business has a mower Q27: Marginal Cost is Q29: Which of the following algebraic expressions is Q30: Costs which do not increase with an Q31: Average Fixed Cost is Q32: A total cost function will Q33: Which of the following algebraic expressions is![]()
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A)the addition to cost associated
A)the addition to cost
A)Never slope up.
B)Never
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