16. ECO1050 u05q1 Question 16 (Points: 2) Which cost does not change as output c

Question

16. ECO1050 u05q1 Question 16 (Points: 2)
Which cost does not change as output changes? (2 points).



1. Total fixed cost.

2. Average variable cost.

3. Total variable cost.

4. Average fixed cost.

Save Answer

17. ECO1050 u05q1 Question 17 (Points: 3)
What happens if a firm does not produce any output? (3 points).



1. Its economic profit must be positive.

2. Its total variable cost must be zero.

3. Its total fixed cost must be zero.

4. Its total costs must be zero.

Save Answer

18. ECO1050 u05q1 Question 18 (Points: 3)


Paulette owns a pizza parlor. Her total cost schedule is in the above table. What does her total fixed cost equal? (3 points).





1. $79.00.

2. $85.00.

3. $35.00.

4. $20.00.

Save Answer

19. ECO1050 u05q1 Question 19 (Points: 3)


Paulette owns a pizza parlor. Her total cost schedule is in the above table. What is her total variable cost of producing four pizzas per hour? (3 points).





1. $49.00.

2. $51.00.

3. $71.00.

4. $20.00.

Save Answer

20. ECO1050 u05q1 Question 20 (Points: 3)


Paulette owns a pizza parlor. Her total cost schedule is in the above table. What is her marginal cost of producing the fifth pizza? (3 points).





1. $8.00.

2. More than $14.01.

3. Between $10.01 and $14.00.

4. Between $8.01 and $10.00.

Save Answer

21. ECO1050 u05q1 Question 21 (Points: 3)


In the above figure, curve A is the ____ cost curve and curve B is the ____ cost curve. (3 points).





1. Total variable, total fixed.

2. Total, total fixed.

3. Total, total variable.

4. Total fixed, total variable.

Save Answer

22. ECO1050 u05q1 Question 22 (Points: 3)
Which cost always falls as output increases? (3 points).



1. Neither the total fixed cost nor the average fixed cost.

2. Only the average fixed cost.

3. Both the total fixed cost and the average fixed cost.

4. Only the total fixed cost.

Save Answer

23. ECO1050 u05q1 Question 23 (Points: 3)
An insurance agent rents a building. An increase in the rent for the building increases the agent's total what? (3 points).



1. Fixed cost and total variable cost.

2. Variable cost and average variable cost.

3. Cost and average variable cost.

4. Fixed cost and average fixed cost.

Save Answer

24. ECO1050 u05q1 Question 24 (Points: 3)
What is the vertical distance between total cost curve and total variable cost curve equal to? (3 points).



1. Average total cost.

2. Average variable cost.

3. average fixed cost.

4. Total fixed cost.

Explanation / Answer

1. Total fixed cost. is the cost that does not change as output changes 2. if a firm does not produce any output Its total variable cost must be zero you should have mentioned the question as it is not visible .. so rest of the parts of this question cannot be answered for the total fixed cost you have to sum the cost of land+fixed labours+machine cost if any for total variable cost take the sum of costs which are dependent on quantity produced thnku ...

Related Questions

Navigate

• Browse (All)
• Browse 1
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.