Bill is an accountant for a small machine shop. His boss has asked him to calculate the shop's total fixed cost. Which method will get Bill the correct answer?
a. c and d.
b. Calculating the product of average total cost and quantity
c. Determining what the shop would pay for if they produced zero output
d. Subtracting the total variable costs from the total costs
e. Subtracting total variable costs from total revenue
a
Economics
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International trade occurs whenever
a. two nations have achieved internal economic efficiency b. one of the trading nations is self-sufficient c. one nation can profit from trade at the expense of another d. two nations can benefit from trading with each other e. labor is cheaper in one country than in another
Economics
How was the practice of clipping coins during feudalism contributing to inflation? Who benefited from this inflation?
What will be an ideal response?
Economics