If total costs are $30,000 at an output of 2,000 units and $45,000 at an output of 3,500 units, and variable costs are $10 per unit, total fixed costs are:
A) $15,000
B) $10,000
C) $20,000
D) $25,000
Correct Answer:
Verified
Q1: How are fixed costs represented graphically?
A)a horizontal
Q2: Sand Art has increased its selling price
Q3: An example of a variable cost is:
A)Manager's
Q4: If total costs are $90,000 at an
Q6: If the sales output of a firm
Q7: Variable costs are represented graphically as:
A)starting at
Q8: Variable costs are best defined as:
A)varying from
Q9: Which of the following is an example
Q10: How is the break-even point best defined?
A)total
Q11: How are fixed costs best defined?
A)as fixed
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents