What are the costs for this economics class: What are the fixed costs? What are the...

What are the costs for this economics class: What are the fixed costs? What are the variable costs?

3. Discuss the advantages and disadvantages for each of the following: a sole proprietorship, a partnership, and a corporation.

4. What is the price of Google stock currently today? What has caused the change in price since its 2004 IPO at $85/share? How has its price fluctuated over the past two weeks?

5. What economic or financial changes do you feel you will personally see from our current economic environment and coronavirus situation?

Expert Solution

Rahul Sunny answered 1 year ago

What is the difference between fixed costs and variable costs?’ Are there fixed costs in the...

What is the difference between fixed costs and variable costs?’ Are there fixed costs in the long run? Explain briefly. Are fixed costs also sunk costs? Explain. What are diminishing marginal returns as they relate to costs? Which costs are measured on a per-unit basis: fixed costs, average cost, the average variable cost, variable costs, and marginal cost? How is each of the following calculated: marginal cost, average total cost, average variable cost? What shapes would you generally expect each...

What is your opportunity cost of taking an economics class? What are the marginal benefits and...

What is your opportunity cost of taking an economics class? What are the marginal benefits and marginal costs of taking a course online as opposed to on the campus?

(a) What were the fixed costs of production for the firm?

Output per month Price Total Revenue Total Cost Total Profit Marginal Revenue* Marginal Cost* Average Total Cost Profit per Unit (Price Minus Average Cost) 0 $ 1,000 $ 0 $ 60,000 -$60,000 - - - - 100 1,000 100,000 90,000 10,000 $ 1,000 $ 300 $900 $100 200 1,000 200,000 130,000 70,000 1,000 400 650 350 300 1,000 300,000 180,000 120,000 1,000 500 600 400 400 1,000 400,000 240,000 160,000 1,000 600 600 400 500 1,000 500,000 320,000 180,000 1,000 ...

h) What is the difference between fixed costs and variable costs? What is the difference between...

h) What is the difference between fixed costs and variable costs? What is the difference between accounting costs and economic costs? What is the differ - ence between private costs and external costs? Name all the categories that comprise economic costs. i) How do we determine the profit-maximizing level of production using analy - sis of total costs and total revenues? What is the rule for profit maximization using marginal analysis? What happens to economic profits in a perfectly competitive...

Comprehensive In Class Problem Cost Profit Relationships A manufacturer predicts fixed costs of $502,000 for next...

Comprehensive In Class Problem Cost Profit Relationships A manufacturer predicts fixed costs of $502,000 for next year. Its one product sells for $180 per unit and it incurs variable costs of $126 per unit. Its target (pretax) income is $200,000. Compute the contribution margin ratio Compute the dollars sales needed to yield the target income Compute the unit sales needed to yield the target income The sales mix of a company’s two products, X and Y, is 2:1. Unit variable...

what is the difference between fixed costs and variable costs? explain the shape of the total...

what is the difference between fixed costs and variable costs? explain the shape of the total variable cost curve and explain why and how the total cost and total variable cost curves differ. answer with your own word ( 200 words )

I work in a high school. What are fixed costs of a school? The variable costs?

In economics, inflation is considered as a tax. There are also various costs of inflation. What...

In economics, inflation is considered as a tax. There are also various costs of inflation. What is the inflation tax, and how might it explain the creation of inflation by a central bank? Explain how inflation affects savings and investment. Inflation distorts relative prices. What does this mean and why does it impose a cost on the society?

Fixed costs &nbs

Fixed costs $190,000 Variable cost per procedure $50 Volume 10,000 visits Given the information above: What revenue per visit is required to break even? What revenue per visit is required to provide a profit of $100,000? Using the answer to question 2 above, find the contribution margin required to provide a profit of $100,000

Answer the following problem about Behavioral Economics that we discussed in class: New-classical Economics Behavioral Economics...

Answer the following problem about Behavioral Economics that we discussed in class: New-classical Economics Behavioral Economics Rationality Stability of Preferences Capability for making mental calculations Ability to assess future options and possibilities Strength of willpower Degree of selfishness Fairness 1. Using your own words, fill in the table for new classical economics column. 2. Using your own words, now fill in the table for the behavioral economics column. 3. Give an example of how you and/or a friend fight self-control...

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