Economists consider which of the following costs to be irrelevant to a short run business decision? A)out of pocket B)historical cost C)opportunity cost D)replacement cost

19,164 results
  1. Personal Finance

    Check my work pls. 1. The components of ___ are variable costs and fixed costs. A. Entire cost B. Total cost* C. Complete cost D. Required cost 2. What is the margin of safety? A. How much sales can fall before a business starts making less 5% B. How much

  2. Economic

    Why might a profitable motel shut down in the long run if the land on which it is located becomes extremely valuable due to surrounding economic development? What kinds of costs are involved in making a decision to shut down?

  3. Finance

    Personal Finance school can you check my answers? 1. The two components of are variable costs and fixed costs. Entire cost Total cost* Complete cost Required cost 2. What is the margin of safety? How much sales can fall before a business starts making less

  4. economics

    The hand made snuffbox industry is composed of 100 identical firms, each having short-run total costs given by STC=0.5q^2+10q+5 and short-run marginal costs by SMC=q+10 where q is the output of snuffboxes per day. a. What is the short-run supply curve for

  5. Economics

    Suppose the price elasticity of demand for heating oil is 0.2 in the short run and 0.7 in the long run. c. If the price of heating oil rises from $1.80 to $2.20 per gallon, what happens to the quantity of heating oil demanded in the short run? In the long

  6. Microeconomics

    A perfectly competitive industry has a large number of potential entrants. Each firm has an identical cost structure such that long run average cost is minimized at an output of 10 units (qi=10 ). The minimum average cost is R5 per unit. Total market

  7. economics

    This is going to be really long, but I want to see if my answers are correct. This is problem number 10.10 in my Intermediate Microeconomics book. A perfectly competitive painted necktie industry has a large number of potential entrants. Each firm has an

  8. ECONOMICS

    suppose that the short run costs for a paintbrush manufacturer are given by the expression: TC= 100+2Q+.01 Q2 A. WAT ARE THE FIXED COSTS OF THIS MANUFACTURE? B. WHAT ARE THE TOTAL COSTS , AVERAGE COST, AVERAGE VARIABLE COST AND MARGINAL COST AT 50 AND 100

  9. micro economics

    1) Assume that the gold-mining industry is competitive. a) Illustrate a long-run equilibrium using diagrams for the gold market and for the a representative gold mine. b) Suppose that an increase in jewellery demand induces a a surge for in the demand for

  10. Economics

    A PURE MONOPOLIST SELLS OUTPUT FOR $4 PER UNIT. THE MARGINAL COST IS $3, AVERAGE VARIABLE COSTS ARE $3.75, AND AVERAGE TOTAL COSTS ARE $4.25. THE MARGINAL RVENUE IS $3. WHAT IS THE SHORT RUN CONDITION FOR THE MONOPOLIST AND WHAT OUTPUT CHANGES WOULD YOU

  11. U.S. and Global Economics

    An online store that has been successfully growing on its initial angel investment and revenues wants to invest $5 million to expand the business. The bank is willing to lend the business this money at a 10 percent interest rate over an eight-year term.

  12. economics

    Bob's lawn mowing service is a profit-maximizing competitive firm. Bob mows lawns for $27.00 each. His total cost each day is $280 , of which $30 is a fixed cost. He mows 10 lawns a day. What can you say about Bob's short-run decision regarding shut-down

  13. Economics

    A long-run supply curve is flatter than a short-run supply curve because A. firms can enter and exit a market more easily in the long run than in the short run. B. long-run supply curves are sometimes downward sloping. C. competitive firms have more

  14. Economics

    The handmade snuffbox industry is composed of 100 identical firms, each having short – run total costs given by STC = 0.5q2 + 10q + 5 and short – run marginal costs by SMC = q + 10 where q is the output of snuffboxes per day. a) What is the short

  15. mircoeconomic

    Kate’s Katering provides catered meals, and the catered meals industry is perfectly competitive. Kate’s machinery costs $100 per day and is the only fixed input. Her variable cost is com-prised of the wages paid to the cooks and the food ingredients.

  16. Economics

    Say you are the manager of a perfectly competitive firm selling a product. Your business is making a loss because total revenue is less than total costs. What would you do--shut down or continue to operate? Use hypothetical numbers to explain. Information

  17. Managerial Economics

    Economists consider which of the following costs to be irrelevant to a short run business decision? A)out of pocket B)historical cost C)opportunity cost D)replacement cost

  18. Economics

    If the market price falls below $4.50, the firm will earn A. positive economic profits in the short run. B. negative economic profits in the short run but remain in business. C. negative economic profits in the short run and shut down. D. zero economic

  19. Microeconomics

    When firms in a perfectly competitive market face the same costs, in the long run they must be operating: A) Under diseconomis of scale B) With small but positive levels of profit C) At their efficient scale D) All of the above are correct I picked C? A

  20. Micreoeconomics

    1. Assume a perfectly competitive constant cost industry, currently in long-run equilibrium. Market demand in the industry is given by Q = 1500 - 25P. The short-run market supply curve is given by: Q = 15P - 100 for P B 10 = 0 for P < 10 There are 25 firms

  21. economics

    suppose u are running the food concession at the athletic events of ur college.you sell hotdogs,colas and chips.what are ur inputs of capital,labor and materials? if the demand for the hot dogs declines,what steps could you take to reduce output in the

  22. Math:Calculating Investment

    How would I calculate this problem. plz help I don't know how to... An online store that has been successfully growing on its initial angel investment and revenues wants to invest $5 million to expand the business. The bank is willing to lend the business

  23. Math: Algebra 2 Linear Programming

    An airline will provide accommodations for a minimum of 2000 first class, 1500 business, and 2400 economy class passengers. Airplane 1 costs $12,000 per mile to operate and can accommodate 40 first class, 40 business, and 120 economy passengers. Airplane 2

  24. Economics

    The handmade snuffbox industry is composed of 100 identical firms, each having short – run total costs given by STC = 0.5q2 + 10q + 5 and short – run marginal costs by SMC = q + 10 where q is the output of snuffboxes per day. a) What is the short

  25. Economics

    What do most economists believe about the future of business cycles? A. Business cycles will grow more extreme, with higher peaks and deeper troughs. B. Advances in technology have brought business cycles to an end. C. Business cycles will continue to

  26. managerial economics

    At a recent board meeting, the president and CEO got into a heated argument about whether to shut down the firm's plant in Miami. The Miami plant currently loses $60,000 monthly. The president of the firm argued that the Miami plant should continue to

  27. Business Decision-Making

    I am trying to figure this out for my business decision-making class, it is to be a power point presentation 3 pages; sounds simple but I am totally lost. The first slide is to explain how statistical Tools can be valuable to a business, slide 2 specific

  28. statistics

    he owners of a two-person business make their decisions independently of each other and then compare their decisions. If they agree, the decision is made; if they do not agree, then further consideration is necessary before a decision is reached. Each has

  29. Economics!

    Suppose a chemical company is in a perfectly competitive industry and has a short run total cost curve of TC = q3 + 5q2 + 10q + 10 and a short run marginal cost of SMC = q2 + 10q + 10. At the price of 49, how many will be produced?

  30. microeconomic

    a. Calculate the total cost, the average variable cost, the aver-age total cost, and the marginal cost for each quantity of output. b. What is the break-even price? What is the shut-down price? c. Suppose that the price at which Kate can sell catered meals

  31. Finance

    You read in Business Week that a panel of economists has estimated that the long-run real growth rate of the U.S. economy over the next five-year period will average 3 percent. In addition, a bank newsletter estimates that the average annual rate of

  32. Business Economics

    When we are given an expression for the Short Run Total Cost Curve (for eg: 8 + 3Q - 1.5Q^2 + 0.25Q^3), how do you derive expressions for the following: 1. Average Fixed Costs 2. Average Viarable Costs Curve 3. Marginal Costs Curve 4. Short Run Supply

  33. micro economics

    Frank owns a soda fountain and sells milkshakes. he sells 50 milkshakes per day for $5 each. his daily cost is $290, of which $30 is fixed cost. what can you say about Franks short run decision regarding shut down and his long run decision regarding exit?

  34. Microconomics [URGENT]

    In the short run, do perfectly competitive firms have a loss of profit or a break even when MC = AVC? Do these firms choose whether to produce or shutdown or both? Do they choose to produce nothing or a specific quantity or both? If MC = ATC in the short

  35. Employment

    What effect will the privatization of currently state-run enterprises have on the employment levels in those enterprises in the short run? and in the long run? In the short run, employment will drop as the enterprise will have to reduce operating costs to

  36. Linear programing

    The Sebastopol Refinery processes two different kinds of crude oil, Venezuelan and Saudi, to produce two general classes of products, Light and Heavy. Either crude oil can be processed by either of two modes of processing, Short or Regular. The processing

  37. economic

    Suppose that Keystone is a firm in perfectly competition ski resort business. If all Keystone’s input price unexpectedly double, and at the same time the product price doubles, what will happen to Keystone profit-maximizing level of output and its profit

  38. economics

    am completely stuck on these three questions. I have read my chapter, but I am still doubting that I got the answers correct. 1.A decrease in aggregate demand causes a decrease in ______ only in the short run, but causes a decrease in ______ in both the

  39. Econ

    I am completely stuck on these three questions. I have read my chapter, but I am still doubting that I got the answers correct. 1.A decrease in aggregate demand causes a decrease in ______ only in the short run, but causes a decrease in ______ in both the

  40. math

    The fixed costs of oreparting a business are the costs include rent, fixed salaries, and costs of buying machinery. The variable costs of operating a business are the costs that change with the level of ouput. Variable costs include raw materials, hourly

  41. Microeconomics help please (urgent)

    True or False? Explain your reasoning. a. The short-run average total cost can never be less than the long-run average total cost. b. The short-run average variable cost can never be less than the long-run average total cost. c. In the long run, choosing a

  42. ECONOMICS

    The demand for gasoline is less elastic in the short run than in the long run. Which of the following is a reason for this? (A) If the price of gasoline is relatively high for a long time, consumers are more likely to buy more fuel-efficient cars. (B) In

  43. managerial economics

    What are the relevant and irrelevant costs? Two partners who own Progressive Business Solutions, which currently operates out of an office in a small town near Boston, just discovered a vacancy in an office building in downtown Boston. One of the partners

  44. Economics

    "The reason why firms charge a lower price at higher output levels because they are able to spread their fixed costs over a large production run" This is a true of false question and I would just like to know where i might look to answer this question,

  45. Finance

    Abe is an entrepreneur who likes to be actively involved in his business ventures. He is going to invest $500,000 in a business that he projects will produce a tax loss of approximately $100,000 per year in the short run. However, once consumers become

  46. Economics HELP!!!

    I need some help because its due tomorrow. And these are the questions: 3. According to economists, almost everything we do, has costs and benefits. Identify the costs and benefits of each of the following: going to the dentist for a checkup, doing your

  47. ECONOMICS HELP!!!

    I need some help because its due tomorrow. And these are the questions: 3. According to economists, almost everything we do, has costs and benefits. Identify the costs and benefits of each of the following: going to the dentist for a checkup, doing your

  48. International Economics

    Explain why the U.S. would subsidize the short run costs of production for tobacco farmers in foreign countries. Do these practices guarantee the tobacco farmers a profit in the short run? Long run? Explain.

  49. Business studies

    Frank owns a soda fountain and sells milkshakes. he sells 50 milkshakes per day for $5 each. his daily total cost is $290, of which $30 is fixed cost. What can you say about Franks short run decision regarding shut down and long run decision regarding

  50. macroeconomics

    1) Suppoer the economy is operating at full employment and foreign countries raise the world price of oil. Assuming policy-makers do not take any actions,describe what will happen to price and output in the short run and long run. 2) Suppose the Federal

  51. Economics

    ob's lawn-mowing service is a profit-maximizing, competitive firm. Bob mows lawns for $27 each. His total cost each day is $280, of which $30 is a fixed cost. He mows 10 lawn a day. What can you say about Bob's short-run decision regarding shut down and

  52. Economics

    . A firm has prospective sales of $50 million, fixed costs of $60 million, and variable costs of $40 million. What does the firm do (a) in the short run? (b) in the long run?

  53. Health economics

    Suppose you are to specify a short-run total variable cost function for a nursing home. Explain the variables you would include in the function. What is the expected relation between a change in each of these variables and short-run total variable costs?

  54. Economics

    Given P=140-0.6Q, TC1=7q1, TC2=0.6q2 the power of 2. A. Determine the short run equilibrium output of each duopoly ignoring their Independence ( with naive assumptions). B. What is the short run market price ? C. Find the demand functions of the duopolies

  55. Economics

    Assume that the manufacturing of plastic (PVC) windows is a perfectly competitive industry. The market demand for plastic windows is described by a linear demand function: Q = (6000 -50P)/9. There are 50 manufacturers of plastic windows. Each manufacturer

  56. Economics - Short run profit maximization

    Given the following for perfectly competitive firm that has short-run cost structure Output Marginal Cost 1 $10 2 $5 3 $12 4 $23 5 $40 Total fixed costs are $20 and the market price of the product is $25 per unit. How much output should the

  57. microeconomics

    The short-run cost curve for each firm's long run equilibrium output is C=y^2-20y+400. Calculate the short-run average and marginal cost curves. At what output level does short-run average cost reach a minimum? I already know the MC and the SRA is TC/Q. I

  58. Microeconomics

    6.) "Since peaking in 1976, per capita beef consumption in the United States has fallen by 28.6 percent... [and] the size of the U.S. cattle herd has shrunk to a 30-year low." a.) Using firm and industry diagrams, show the short-run effect of declining

  59. ECON

    A pure monopolist sells output for $4.00 per unit at the current level of production. At this level of output, the marginal cost is $3.00, average variable costs are $3.75, and average total costs are $4.25. The marginal revenue is $3.00. What is the

  60. health care ECONOMICS

    How did the Haiti disaster affect healthcare costs in the United States in the short run

  61. economics

    In long-run equilibrium, the perfectly competitive firm's price is equal to which of the following: short-run marginal cost minimum short-run average total cost marginal revenue all the above I think that it is all the above. Am I correct? I too would go

  62. Economics

    1) Give an example of a fairly major purchasing decision you've made in your lifetime. How did you justify the purchase? How did you prepare for it financially once you decided to make the purchase? 2) What aspects of your decision-making process fit the

  63. Economics

    Suppose you own a home remodeling company. You are currently earning short-run profits. The home remodeling industry is an increasing-cost industry. In the long run, what do you expect will happen to a. Your firm's costs of production? (will production

  64. Economics: Am I right?

    I am completely stuck on these two questions. I have read my chapter, but I am still doubting that I got the answers correct. 1.A decrease in aggregate demand causes a decrease in ______ only in the short run, but causes a decrease in ______ in both the

  65. economics

    I am completely stuck on these two questions. I have read my chapter, but I am still doubting that I got the answers correct. 1.A decrease in aggregate demand causes a decrease in ______ only in the short run, but causes a decrease in ______ in both the

  66. economics

    I am completely stuck on these two questions. I have read my chapter, but I am still doubting that I got the answers correct. 1.A decrease in aggregate demand causes a decrease in ______ only in the short run, but causes a decrease in ______ in both the

  67. managerial economics

    At a recent board meeting, the president and CEO got into a heated argument about whether to shut down the firm's plant in Miami. The Miami plant currently loses $60,000 monthly. The president of the firm argued that the Miami plant should continue to

  68. ECO 204

    Let’s assume that you own a fast food restaurant and you are faced with many customers each day eating in the restaurant without any tables. Describe the difference between the short run and long run in the example to bringing about more tables for the

  69. Using souces and avoiding plagirism

    Question 13 Which of the following is incorrect? quote when the writer’s words are especially vivid quote when you have run out of your own ideas quote when a paraphrase would be less clear quote when the words the source uses are important to the

  70. marketing

    Acxiom has many issues to consider regarding how it will grow its business 1. What is the decision facing Acxiom? 2. What factors are important in understanding this decision situation? 3. What are the alternatives? 4 What decision(s) do you recommend? 5.

  71. economics

    what does most economists believe about the future of business cycles?

  72. economics

    At a recent board meeting, the president and CEO got into a heated argument about whether to shut down the firm’s plant in Miami. The Miami plant currently loses $60,000 monthly. The president of the firm argued that the Miami plant should continue to

  73. Intro to Technology

    a short article of 200 to 300 words in your notebook, including the following information: · What are some uses for CAD in business, industry, or education? · Name two software programs that you could learn to use to create a CAD project. · Describe one

  74. economic

    which of the 10 principle do you think play a major role in your decision Provide an example for each about decision making interaction and the working of the economy.Explain how that influences the marginal benefits and marginal costs associated with the

  75. BUSINESS

    A example of a nonprogrammed decision for a clothing manufacturer is a. allocating bonuses to employees. b. acquiring a new supplier for cloth. c. deciding to market products using the internet. d. selecting which customers to offer discounts to. This

  76. Oligopoly

    Does the shut down run rule apply to oligopolies in the same way as it does to perfectly competitive companies for both the short run and the long run?

  77. economics

    Assume there are three markets: A: Wool; B: Synthetic Fiber; C: Business Travel.Using demand and supply analysis explain what happens in the SHORT RUN in all three markets and why?

  78. Economics

    Goodday I would like to find out whether the following statements are true:  The equilibrium of the firm and the equilibrium of the industry are the same in the short run as well as the long run.  In the short run, the firm is in equilibrium when

  79. Microeconomics

    1. A perfectly competitive industry comprises of 35 competitive, profit-maximizing firms, each of which has short-run total costs and marginal costs of SMC = 0.25q STC = 20 + 0.125q(squared) The market demand curve is P = 20 − 0.05Q (a) Find P, q and Q

  80. economics

    Why might a profitable motel shut down in the long run if the land on which it is located becomes extremely valuable due to surrounding economic development? What kinds of costs are involved in making a decision to shut down?

  81. economics

    1. Pick a business that you are familiar with and list three (3) fixed and (3) variable inputs associated with that business. 2. What are some things that you think that business could do to reduce their costs? Why?

  82. microeconomics

    at point where MR=MC, when the firm incurs losses in the short run, the firm should? Continue producing, but look for ways to increase revenue or cut costs.

  83. philosophy-critical thinking

    Read statements (a) through (d) and identify any statement(s) that is irrelevant to the claim. (a) It is unfair to expect victims to bear the cost of someone else’s negligence. (b) Costs to victims arise as a result of the action of the drunk driver. (c)

  84. buisness

    in 2009 Nokia decided to move from Germany ro Romania and then to china . in this question we need to decide whether it's ethical or not.or if it's just a business decision . i have been reading and and saw articales that support my opinion . i believe it

  85. U.S. and Global Economics

    I'm in need of help really bad. I been sitting here( I got a serious butt ache) trying to figure out this answers and I only got question one. Plz at least explain these questions to me. I would highly appreciate it. :) you don't need to explain # 1 I got

  86. Managerial Econmics

    Suppose you own a home remodeling company. You are currently earning short- run profits. The home remodeling industry is an increasing- cost industry. In the long run, what do you expect will happen to … a. …your firm’s costs of production? Explain.

  87. Social

    Is government regulation necessary in all aspects of business, why or why not? Are there some policies which make more sense than others? - I know that government regulation isn't always necessary to run a business and some people are capable are able to

  88. Economics

    1. Using AD/AS, describe the short-run and long-run effects of an increase in the money supply on the equilibrium level of production and the price level. Be sure to explain what happens to Total Expenditures (using the 3 effects of spending changes as a

  89. Macroeconomics

    Consider an open in which the aggregate supply curve slopes upward in the short run. Firms in this nation do not import raw materials or any other productive inputs from abroad, but foreign residents purchase many of the nations goods and service. What is

  90. Advanced MicroEconomics

    Construct a short-run supply function for a firm whose short-run cost function is C= = 0.04q^3 – 0.8q^2 +10q+5 3. The long run cost function for each firm is C = q^3 – 4q^2 + 8q. Find the industry’s long run supply curve. If the market demand curve

  91. economics

    With illustrations, show how the study of business economics helps a business manager in decision making?

  92. business economics

    explain using illustrations how the study of business economics helps business managers in decision making

  93. Business

    Give an example of when you made an important decision related to school, work, or a business transaction. What elements of critical thinking did you use? How might you improve your decision-making strategies in the future?

  94. business economics

    how business economics helps business manager in decision making

  95. algebra

    The costs of doing business for a company can be found by adding fixed costs., such as rent, insurance, and wage, and variable costs, which are the costs to purchase product you are selling. The portion of the company's fixed costs allotted to this product

  96. algebra

    the costs of doing business for a company can be found by adding fixed costs, such as rent, insurance, and wages, and variable costs, which are the costs to purchase the product you are selling. The portion of the company's fixed costs allotted to this

  97. Algebra

    The costs of doing business for a company can be found by adding fixed costs, such as rent, insurance, and wages, and variable costs, which are the costs to purchase the product you are selling. The portion of the company’s fixed costs allotted to this

  98. economy

    a) Minimizing Losses: Whether a firm suffering losses decides to produce or not to produce in the short run depends on the benefits and costs of continuing production. Explain.

  99. Business

    As a business manager, do you think that a corporation's decision should be goverened by a social conscience or is it ethical for a business to simply pursue a profit for it shareholders?

  100. FINANCIAL MATHEMATICS

    The variable costs associated with a certain process are $0.65 per item. The fixed costs per day have been calculated as $200 with special costs estimated as $0.02X^2, where X is the size of the production run (that is, number of items produced).

Pages

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20