Cindy's car wash has average variable costs of $2 and average fixed costs of $3 when it produces 100 units of output (car washes). the firm's total cost is:_______
a. $300.
b. $500.
c. $100.
d. $200

Answers

Answer 1

The correct option is b. the firm's total cost $500.

Total cost:

Total fixed costs are the total of all recurring, fixed costs that a business incurs.

The variable and fixed expenses of providing commodities are combined to create a total using the total cost formula. The equation is:

Total cost = (Average fixed cost x average variable cost) × Number of units produced.

Cindy's Car Wash has average variable costs of $[tex]2[/tex] and average fixed costs of [tex]$3[/tex] when it produces [tex]100[/tex] units of output (car washes).

The firm's total cost is

AFC = $[tex]3[/tex], AVC = $[tex]2[/tex]

Average total cost = AFC + AVC = $[tex]5[/tex]

It produces [tex]100[/tex] units

$[tex]5[/tex] × [tex]100[/tex]= $[tex]500[/tex]

Therefore, option b is the answer $[tex]500[/tex].

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Related Questions

Weekly or monthly work plans used by management to get information about salespeople are referred to as ________.

Answers

Weekly or monthly work plans used by management to get information about salespeople are referred to as sales report.

A sales report is a written account of a company's sales efforts. At different stages of the selling cycle, organizations may utilize a variety of sales reports to assess success, identify areas for development, and gather insightful data that could inform future strategy.

This way they also keep a check on their salespeople, their efficiency and performance. A management must create an environment for their salesperson where they are accountable to the management for their task.

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What other option could the fed pursue—rather than permanently transferring the ownership of securities—to achieve its goal?

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The Federal Reserve has also launched some reverse repos, effectively lending money to borrow money from commercial banks, rather than permanently transferring ownership of securities to achieve its objectives.

The Federal Reserve is the central banking system of the United States. On December 23, 1913, the Federal Reserve Act was passed and created after a series of financial panics created a desire to centralize the monetary system to mitigate financial crises.

The US central banking system - the Federal Reserve or Fed - is the most powerful economic institution in the United States and possibly the world. Its core responsibilities include setting interest rates, managing the money supply, and regulating financial markets.

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If the economy is currently producing at point c, what is the opportunity cost of moving to point b? 10 thousand wrenches

Answers

The economy is currently producing at point c, 10 Thousand wrenches are the opportunity cost of moving to point b.

At point C. It produces 10 thousand hammers and 40 thousand wrenches. If we move to point B, it will produce 23 thousand hammers and 30 thousand wrenches.

So to produce13 thousand additional hammers, the production of wrenches should be cut by 10 thousand. It is the opportunity cost of producing extra 13 thousand hammers.

Economics is defined as the management of financial matters in communities, businesses, or families. An example of an economy is the US stock exchange system. Careful use of assets, resources, etc. Reduce waste through careful planning and use. economical or frugal use.

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What is a primary reason for the yield on 3-month treasury bills being low during recessions?

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The primary reason for the yield on 3-month treasury bills being low during recessions was that "the Fed is driving down short-term interest rates."

What is recession?

A significant, pervasive, and protracted decline in economic activity is referred to as a recession.

Some key features of recession are-

A common rule of thumb is that a recession is defined as two consecutive quarters of a nation's Gross Domestic Product (GDP) declining. This is because recessions frequently last six months or more.A recession is defined by economists as an economic contraction that begins at the peak of the expansion that came before it and ends at the lowest point of the subsequent downturn. Recessions could last only a few months, but it could take years for the economy to recover to its pre-recession level.The last ten recessions, as well as two that never happened, have all been foretold by an inverted yield curve.Many people may perceive the early phases of a comeback as a continuing recession since unemployment frequently persists at high levels far into an economic recovery.

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What costs are incurred in developing strategic alliances? how can these costs be managed?

Answers

There are various costs incurred by the organizations  at the time of strategic alliance are the costs like

Inventory management costs, human resource management cost, processing cost  general forecasting and miscommunication costs, product cost, maintainence cost, equipment cost, quality issues and  controlling cost etc. costs  are incurred.

All of  the above given costs are to be effectively managed by both the firms. These costs could be managed by having a detailed budgeting, planning, accurate forecasting and analysis of the environments of the organization.

Knowing  it beforehand that  what you are going to do in your organization, you can pre plan the requirement of the resources to achieve them accordingly.

By forecasting as well as studying about the organization, you can also have an estimate  of the idea regarding how well you are performing or not and thus can take right decision to invest and control the costs to have a good rate of success.

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The weak form of the emh states that ________ must be reflected in the current stock price.

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The weak form of the emh states that All past information, including security price and volume data must be reflected in the current stock price.

What is the EMH?

The efficient market hypothesis (EMH), sometimes known as the efficient market theory (EMT), is a theory that contends that share prices correctly reflect all information that is currently accessible, rendering continued alpha production unfeasible.

According to the EMH, since stocks always trade on exchanges at their fair value, investors cannot buy them at a discount or sell them at a premium.

The weak version of the EMH states that the stock price must accurately reflect all historical data, including security price and volume data.

The only option for an investor to see larger returns is to invest in riskier assets, therefore it should be difficult to outperform the market as a whole through superior stock picking or market timing.

This means that  the current stock price must represent all past information, such as security price and volume data.

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For quantities occurring before the marginal cost curve and average total cost curve intersect, the average total cost curve will be:_______

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The marginal cost curve cuts the average cost curve only at its minimum point because it is only here that MC = AC.

The marginal cost, or price of producing more, is the variation in total cost that results from increasing the quantity produced in economics. It can refer to an increase of one unit of output in some settings and to the rate of change of total cost as output increases by a tiny amount in others.

The marginal cost is the slope of the total cost or the rate at which it rises with output, to be measured in dollars per unit while total cost is shown to be in dollars. The difference between average cost, which is the entire cost divided by the number of units produced, and marginal cost is the latter.

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If demand for a new model of ford vehicles suddenly doubles, we should expect that:______.

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If demand for a new model of ford vehicles suddenly doubles, we should expect that prices will rise.

Demand in economics refers to a consumer's readiness to pay a certain price for products and services as well as their desire to buy them. Demand for a good or service often declines when its price goes up. The amount needed will rise as a product's price drops, in a similar manner. Consumers and companies are quite familiar with the idea of demand since it makes sense and happens organically during the course of almost any day. For instance, when a product's pricing is low, shoppers who are keeping an eye on it will buy more of it. When costs rise, such as with a change in season, consumers may buy less or maybe nothing at all.

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You need to add 65 meq of an electrolyte to a tpn bag. your stock vial contains 8 meq/ml. round to the nearest whole number, to determine how much electrolyte from the stock vial you’ll need?

Answers

8m Eq/ml are present in 1 vial. Consequently, 1 m Eq is prese.

A bottle or a vial?

A vial, often referred to as a phial or flacon, is a tiny glass or plastic container or bottle that is frequently used to store medications in the form of liquids, powders, or capsules.

What kinds of vials exist?

Vials come in a variety of shapes and materials, including glass, plastic, jars, aluminum, and dispenser tubes. Vials come in a variety of forms, including glass, plastic, jars, metal, and dispenser tubes.

What is an illustration of a vial?A vial is an extremely small bottle that typically contains liquids. A vial is a container used in a lab to hold liquid chemicals. a glass container or bottle, especially one with a narrow tube shape used to hold medications, perfumes, or other chemicals.

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A written document that describes a company and makes projections over a five-year period is a _______________. business plan demographic personal budget written plan submitnext

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A written document that describes a company and makes projections over a five-year period is a business plan.

A business plan is a written document that describes in great depth the goals and objectives of a company. A business plan outlines a documented strategy for the company's operations, finances, and marketing. Business plans are used by both new and established businesses.

A business plan is a crucial document intended for both internal and external audiences of a company. For instance, before a business has built a solid track record, a business plan is utilized to entice investment. Securing financing from financial entities might also be beneficial.

A business plan can also help a company's executive team stay on the same page with regard to key action items and on track to achieve set objectives.

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When developing new product, which is true of a new-product development strategy?

Answers

The new product development strategy should be compatible with the objectives of the marketing department, the business unit, and the corporation.

The conceptualization, design, development, and marketing of newly produced or recently rebranded goods or services are all steps in the process known as product development, sometimes known as new product management.

By meeting a consumer's need, product development aims to cultivate, maintain, and grow a company's market share.

A product's target market must be established early in the product development process because not every product will appeal to every customer or client group. At every stage of the design process, including before the product or service is conceptualized, during the product's development, and after it has been released, quantitative market research should be carried out.

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Gdp in the united states was $14,119 billion in 2014 and grew to $14,660.4 billion in 2015. this represents an annual growth rate of:_____.

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Gdp in the united states was $14,119 billion in 2014 and grew to $14,660.4 billion in 2015. this represents an annual growth rate of $541.4 billion.

GDP

The usual way to assess the value added produced by the production of goods and services in a nation over a specific time period is the gross domestic product (GDP). As a result, it also accounts for the revenue generated by that production, or the total amount spent on finished goods and services (less imports). While GDP is the single most significant indicator for capturing economic activity, it is insufficient for measuring people's material well-being, for which other metrics may be more adequate. This indicator is based on nominal GDP, which is also known as GDP at current prices or GDP in value. It comes in two separate measurements: US dollars and US dollars per capita (current PPPs).

Gdp in the united states was $14,119 billion in 2014 and grew to $14,660.4 billion in 2015. this represents an annual growth rate of:_____.

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In a properly functioning economic market, where does the economic value created by firms go? in other words, who gets it? why?

Answers

The value created by firms in the form of goods and services are distributed among various economic entities that consume them such as private consumers, government etc. But a closed circular flow diagram does not depict the other external values created. For example, a private college is a firm that produces education or provides education as a service to individuals who pay for it. This has a positive externality on society since these students can later teach others in society. Also firms produce under certain conditions and surveillance.

Firms can gain a certain control over society by studying the elasticities of demand. Also, firms generate certain expectations regarding wages and other social benefits. On the other hand, firms are controlled by governmental policies such as minimum wage laws, pricing laws etc. Such policies bind the full potential output if the potential output is not in confluence with social goals or maximization of social welfare.

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A business would want to concentrate its production facilities in a centralized location when:______.

Answers

A company wants to concentrate its production facilities in one centralized location when it wants to reduce production time, increase quality control, and increase machinery utilization.

What is production in a centralized location?

It corresponds to a strategy to increase production efficiency, through faster production, increasing the flow and sharing of production resources, the use of equipment, generating economies of scale and greater production efficiency.

Generally, a production in a centralized location helps to maintain the efficient service of a constant local demand, because the centralization contributes to the optimization of productivity.

Therefore, centralized production increases product quality, market assessment, compliance with legal requirements and cost reduction.

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From the list that jill made for a shopping trip to the grocery store, she could recall only the items in the beginning and in the end of a list. this is an example of:_______

Answers

this is an example of semantic memory

What is semantic memory?

Semantic memory refers to general world knowledge collected by humans over the course of their lifetimes. This general knowledge is influenced by experience and culture.

You are using semantic memory when you know what an object is, the name of a color, or the name of the president. Semantic memory is critical for children and students since it allows you to recall the facts that you are learning and being evaluated on.

Semantic memory is conscious long-term memory for the world's meaning, understanding, and conceptual facts. Semantic memory is one of two types of explicit, conscious, long-term memory, which is memory that may be recovered into conscious awareness after a considerable delay (from several seconds to several minutes).

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Escalating fuel and escalating ______________ costs continue to have an impact on the trucking industry

Answers

Escalating fuel and escalating insurance costs continue to have an impact on the trucking industry.

Impacts of the raised costs:Carriers are forced to raise their pricing in order to cover rising fuel costs, or else they risk losing money. The whole business is impacted by the growing cost of gasoline since the shipper is required to pay more to carry goods if the freight carrier must pay more to do so.Additionally, if the shipper is paid extra for transportation, the recipient will also be charged more to cover the increased costs.Some businesses may start stocking up on more items as a result of the rising expense of transportation, which can cut down on the quantity of transportation required; henceforth, causing inflation for the public.

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The adjusting entry to record the allowance for doubtful accounts includes a ______. (check all that apply.)

Answers

It includes credit to Allowance for Doubtful Accounts

debit to Bad Debt Expense

Adjusting entries are the modifications to the previously recorded journal entries. They specifically ensure that the values you have recorded correspond to the relevant accounting periods. Journal entries show how money flows through  the business how it enters, exits, and transfers between accounts.

A bad debts expenditure item is also required to balance the accounts. To do so, debit the Bad Debts Expenditure account to boost the bad debts expense.  Then, credit the  Allowance for Doubtful Accounts account to reduce your ADA account.

Therefore, the answer is  credit allowance for doubtful debts and debit bad debt expenses.


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If a landlord and a tenant have a dispute in Georgia: Select one: a. they may appeal to the real estate commission for a resolution. b. they must agree to binding arbitration. c. they must sue in a court of competent jurisdiction. d. they must be represented by a licensed Georgia attorney.

Answers

Option C.  they must sue in a court of competent jurisdiction.

He is entitled to quiet exclusive enjoyment in your home. He has the right to contact the Landlord or his representative at a reasonable time. His landlord can enter his house only with your permission. He is entitled to the tenant's specific notice period.

If a landlord wishes to terminate a short-term lease, he ordinarily must give 90 days' notice. In some cases, landlords only need 42 days' notice. However, it should explain why there are so few notifications.

A landlord cannot force you to leave your home without notice. The notice period is usually 4 months, but in serious cases he may be shortened to 2-4 weeks.

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What is the difference between fixed cost and variable cost? does each type of cost affect short-run marginal cost? if yes, explain how each affects marginal cost. if no, explain why each does or does not affect marginal cost.

Answers

Fixed costs do not affect the marginal cost of production since they do not typically vary with additional units. Variable costs, however, tend to increase with expanded capacity, adding to marginal cost due to the law of diminishing marginal returns.

What is Fixed costs?

Fixed costs, also known as indirect costs or overhead costs in accounting and economics, are corporate expenses that are independent of the volume of goods or services generated by the business. They are usually recurrent, such as monthly interest or rent. These expenses are frequently capital expenses.

A fixed expense is essentially a 'necessity.' Tuition, accommodation and board, as well as your car payment (if you have one), car insurance premiums (if you have a car), wireless plan, and internet connection, will be your major fixed expenses in college.

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According to the price equation, the actual price is the list price less blank______, plus extra fees.

Answers

Answer:

incentives and allowances

Explanation:

According to the price equation, the actual price is the list price less blank incentives and allowances, plus extra fees.

The framers of the constitution wanted ________ to choose the president and vice president.

Answers

Answer:

Electoral College

Explanation:

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Nora is deaf and works at a busy coffee shop as a barista. her main duties include standing at the drive-thru window, taking customers’ payments, and handing them their beverages. what are two reasonable accommodations that her employer might implement to make it easier for her to successfully do her job?

Answers

One accommodation that her employer can implement is that whenever a customer has a question of some sort that another employee is available to take over and answer the question.

Another accommodation that her employer could  could simply have a system where they can not only communicate with the customers but also hand them over without any complications.

How do employees communicate with customers?7 Rules for Effective Customer Service CommunicationPersonalize the interaction. ...Avoid negative phrases. ...Use positive language with a touch of empathy. ...Listen closely and avoid interrupting the customer. ...Use consistent brand vocabulary. ...Give thorough answers to technical questions. ...Make communication clear and concise.

What is effective communication in the workplace?

Exchanging information and ideas within an organization is called workplace communication. However, effective communication occurs when a message is sent and received accurately. In every aspect of life (both professional and personal), effective communication is important to success and happiness.

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A group that raises and spends money for the purpose of influencing the outcome of an election is known as

Answers

A political action committee (PAC) is a political committee that raises and spends money for the purpose of influencing the outcome of an election.

In the united states, a political action committee is a 527 organization that pools campaign contributions from participants and donates those budgets to campaigns for or in opposition to candidates, ballot initiatives, or legislation. The legal term % has been created in pursuit of campaign finance reform within the united states of America.

A federal p.c without a corporate/labor sponsor makes contributions to federal candidates. A leadership p.c is formed through a candidate or officeholder. A federal p.c subsidized by a partnership or an LLC (or any other kind of unincorporated business entity) that makes contributions to federal candidates.

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If the amount of variability due to within group differences is equal to the amount of variability due to between group differences, your f value will be equal to?

Answers

If the amount of variability due to within-group differences is equal to the amount of variability due to between-group differences, your F value will be equal to one (1).

What is the F value?

In biology, the F value is a statistic used to estimate the variation level between different groups that can be explained by collected data.

The F value is used to test (either confirm or reject) a given explanation of data, which is known as the null hypothesis.

In conclusion, if the amount of variability due to within-group differences is equal to the amount of variability due to between-group differences, your F value will be equal to one (1).

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What problems might face a company that focuses mainly on its most profitable customers?

Answers

Although the customer is unquestionably the cornerstone to a successful organization, client centricity has several drawbacks, ranging from financial to innovation-related areas.

The drawabacks can be listed as:

Budget-Cost

Businesses create customer-focused policies in an effort to impress and keep consumers, but doing so can be expensive and may not be financially prudent.

Not every customer is equivalent!

Although the customer is always right, not all customers are suitable for your company. So, building just a customer based approach can harm your business.

Customers are unsure too!

Many marketers feel that if a company is consumer-focused, it will learn what the clientele truly desires and prosper.

While it's crucial for businesses to pay attention to their customers, they also need to know when to shift their attention away from them.

Love the Customer, but Don't Expect Love in Return

According to conventional knowledge, clients are more loyal to companies that go above and beyond their expectations; nonetheless, your customers may betray you in order to get the cheap, satisfying solutions they actually desire.

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Jones company paid monthly rent of $2,000. which special journal should this transaction be recorded in? what columns will be used?

Answers

Cash Payments Journal - debit Rent Expenses and credit Cash will be used.

Cash Credit (CC) is a short-term source of funding for your business. In other words, cash advances are short-term loans offered by banks to businesses. It allows businesses to withdraw money from bank accounts without holding balances. Accounts are limited to borrowing only up to the borrowing limit.

Cash Credits are short-term loans approved by banks to meet the working capital needs of businesses, financial institutions and businesses. Borrowing companies can also borrow money without credit, up to existing credit limits.

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The incidence of _____ infection is higher during the summer months when warm water favors its growth.

Answers

The incidence of   Vibrio vulnificus infection is higher during the summer months when warm water favors its growth.

humans can get infected with Vibrio vulnificus when they eat uncooked shellfish, in particular oysters. Given that it's miles clearly found in heat marine waters, people with open wounds may be exposed to Vibrio vulnificus via direct contact with seawater.

Vibrio vulnificus is a species of Gram-negative, motile, curved rod-formed, pathogenic microorganism of the genus Vibrio. present in marine environments consisting of estuaries, brackish ponds, or coastal regions, V. vulnificus is associated with V, cholerae, the causative agent of cholera.

The remedy isn't always vital in moderate instances, but patients ought to drink plenty of drinks to replace fluids lost through diarrhea. Although there may be no proof that antibiotics decrease the severity or duration of illness, they are every now and then used in severe or extended ailments.

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Material requirements plus an allowance for normal inefficiencies are added together to determine the.

Answers

Material requirements plus an allowance for normal inefficiencies are added together to determine the  Quantity Standard

What are quality standards ?

Quality standards are sets of good management practices, methods, systems, requirements, and/or specifications established by industry advisory groups to help manufacturers achieve and demonstrate consistent production and product quality.

A quality standard is a detail of the requirements, specifications, the various guidelines and characteristics to be able to meet its quality by the product in order to meet the purpose of the product, process or the service. ISO international standards are the most widely accepted set of quality standards adopted by majority of firms across countries. In case if a company fails to meet its quality standards

Advantages of Quality Standards :

Advantages of having quality standards in a manufacturing company are:

1. It helps save costs & improves productivity.

2. Increases customer satisfaction with high quality products & services.

3. Sets minimums standards of quality for processes, products & services.

4. Maintaining quality standards increases safety of workers.

5. Good communication enables smooth flow of operations & avoid mistake repetition.

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The slope of a demand curve is not used to measure the price elasticity of demand because.

Answers

The correct option is C.

The measurement of slope is sensitive to the units chosen for price and quantity.

What Is Meant by Elasticity in Economics?

The term "elasticity" refers to a measurement of how responsively a quantity that is required or supplied is to one of its determinants. When a factor, like as price or supply, changes, the demand for a good responds quickly. Conversely, items that are inelastic maintain their demand even when prices increase significantly.

How do we measure elasticity?

The calculation for this indicator, also known as cross-price elasticity of demand, involves dividing the percentage change in the amount demanded of one good by the percentage change in its price.

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I understand that the question you are looking for is:

The slope of a demand curve is not used to measure the price elasticity of demand because

A) the slope of a linear demand curve is not constant.

B) the slope of a line cannot have a negative value.

C) the measurement of slope is sensitive to the units chosen for price and quantity.

D) the slope of the demand curve does not tell us how much quantity changes as price changes.

What does it mean to say that a currency appreciates? depreciates? becomes stronger? becomes weaker?

Answers

When a currency appreciates, it means it increased in value relative to another currency; Depreciates means depreciation or depreciation relative to other currencies. It is often said that the dollar is strong when it is bought by equal or greater value in another currency. If the purchase amount is less than the equivalent, it is weak.

An example of a currency would be the US banknotes you have on hand. It is one of the coins issued by the United States, along with pennies, nickels and quarters. Currencies are also banknotes and coins issued by governments of other countries around the world.

Currency is anything of general value as a medium of exchange that can be exchanged for goods and services. The trading system within an economy is based on a currency, usually country-specific and issued by that country's government.

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