Biology Forums - Study Force

A company currently sells 10,000 units at 9/unit and makes 20,000 accounting profit. Variable costs currently stand at 6 per unit. What are the company's fixed costs?
 a. 5,000
 b. 10,000
 c. 15,000
 d. The company has no fixed costs

QUESTION 2

A business incurs the following costs per unit: Labor 5/unit; Materials 3/unit and rent 5000/month. If the firm produces 1000 units a month, the total costs equals
 a. 5,000
 b. 8,000
 c. 13,000
 d. 3,000

QUESTION 3

A business incurs the following costs per unit: Labor 5/unit; Materials 3/unit and rent 5000/month. If the firm produces 1000 units a month, the total fixed costs equals
 a. 5,000
 b. 8,000
 c. 13,000
 d. 3,000

QUESTION 4

A business incurs the following costs per unit: Labor 5/unit; Materials 3/unit and rent 5000/month. If the firm produces 1000 units a month, the total variable costs equals
 a. 5,000
 b. 8,000
 c. 13,000
 d. 10,000

QUESTION 5

In the short-run:
 a. All inputs are variable
 b. Some inputs are fixed and some inputs are variable
 c. There are no fixed inputs
 d. The firm is not restricted in how much it can produce

QUESTION 6

Fixed costs are
 a. costs that vary with output
 b. always equal to marginal costs
 c. costs that do not vary with output
  d. equal to total costs

QUESTION 7

Firm X is producing 1000 units, selling them at 15 each. Variable costs are 3 per unit and the firm is making an accounting profit of 3000 . What is the firm's total costs?
 a. 10,000
 b. 11,000
 c. 12,000
 d. 13,000

QUESTION 8

Firm X is producing 1000 units, selling them at 15 each. Variable costs are 3 per unit and the firm is making an accounting profit of 3000 . What is the firm's total variable costs?
 a. 1000
 b. 3000
 c. 5,000
 d. 7,000

QUESTION 9

Firm X is producing 1000 units, selling them at 15 each. Variable costs are 3 per unit and the firm is making an accounting profit of 3000 . What is the firm's fixed costs?
 a. 9,000
 b. 10,000
 c. 11,000
 d. 12,000

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