Which of the following statements is true 2 a a firms

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Mathematical Applications for the Management, Life, and Social Sciences
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Chapter 10 / Exercise 54
Mathematical Applications for the Management, Life, and Social Sciences
Harshbarger
Expert Verified
11.Which of the following statements is true:2
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Mathematical Applications for the Management, Life, and Social Sciences
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Chapter 10 / Exercise 54
Mathematical Applications for the Management, Life, and Social Sciences
Harshbarger
Expert Verified
12.Which of the following is NOT true if a firm shuts down and produces zero output in the short run?
13.Of the following types of costs, which is most likely a fixed cost for a shoe manufacturer?
14.A company that produces luxury automobiles has the following simplified costs. What is the marginal cost of the second automobile? # of AutomobilesFixed CostTotal Variable Costs0$50,000$0 1$50,000$10,000 2$50,000$20,000 3$50,000$40,000 a.$20,000. b.$10,000. c.$70,000. d.$30,000.
15.A security system company’s total production costs depend on the number of systems produced according to the following equation: Total Costs = $10,000,000 + $2000*quantity produced.What is the average total cost of production when 20,000 units are produced?
16.As a manufacturer increases output, which of the following costs should decrease?
17.A spirits manufacturer is considering two potential production investments:3
Option A costs an initial $2 billion and will involve variable costs (labor and material) of $5 per bottle of spirits. Option B costs an initial $4 billion and will involve variable costs (labor and material) of $3 per bottle of spirits. Assuming an annual capital charge equal to 10 percent of the initial costs, what is the average fixed cost at production level of 30,000,000 bottles per year for the Option A facility?

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