9. Which of the following is most likely a fixed cost Expenditures for raw mater

Question

9. Which of the following is most likely a fixed cost Expenditures for raw material Wages for unskilled labor Fuel cost Property Taxes ???????????????????????????????????????? 10. The distinction between sunk and incremental costs is most helpful in answering which question? How many more people should be added to the production process? What is the correct price to charge? Should we begin to build a new factory? Should we continue developing a new software application that we began last year? ???????????????????????????????????????? 11. MC increases because labor is paid overtime wages when volume increases. in the short run, MC always increases. the law of diminishing returns takes effect. MC naturally increases as firms nears capacity ???????????????????????????????????????? 12. The marginal cost (MC) will intersect the average variable cost curve (AVC): when the average variable cost (AVC) curve is rising where average variable cost curve (AVC) equals price. at the minimum point of the average variable cost (AVC) curve the two will never intersect ???????????????????????????????????????? 13. Economies of Scale are created by greater efficiency of capital and by: longer chains of command in management better wages for labor smaller plant sizes increased specialization of labor

Explanation / Answer

9)d) property taxes

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