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Why are Fixed costs also called capacity costs?
Fixed costs are considered capacity costs because if a company expands, fixed costs will change. Additionally, if a company adds more resources, fixed costs will change.
What are the sources of error in regression model?
Random error, measurement error, mis-specification of model (overspecification or underspecification), non-normality, plus many more.
How does sharing peripheral devices reduce costs for a company?
Network allows for the sharing of devices and can reduce costs for a company.
What are costs that a company has to pay whether or not its operating?
The Company has to pay its Fixed Costs, Such as Rent and utility. These cost have to be paid regardless of whether the company is operating or not
What are the hidden costs of starting a company?
Some of the hidden costs of starting a company include: industry association fees, permit fees, legal fees, administrative costs, and repairs and maintenance.
Can total revenues and total variable costs be exactly equal?
Yes. Actually this means the company has zero gross profit. If on top of variable costs, there are fixed costs, the company will turn a loss.
A company has the following per unit original costs and replacement costs for its inventory?
1075
What things do variable costs include?
Variable costs vary depending on a company's production. Production, or output, and costs are included in variable costs. Production and costs are directly related.
How much does crazy face cost for the iPad?
It costs $0.99.
What costs may a band have to face?
Here is a list of costs a band might have to face (there isn't many but it will do!):Travel e.g. tour buses.Hiring recording studios.New musical equipment.Music lessons.
What risks migth a company face if a project is not completed on time?
ight a company face if a project is completed on time
What is the impact of changes in the marginal cost of labor on a company's overall production costs?
Changes in the marginal cost of labor can significantly impact a company's overall production costs. When the marginal cost of labor increases, it can lead to higher production costs for the company as they have to spend more on labor. Conversely, if the marginal cost of labor decreases, the company's production costs may decrease as well. This relationship between labor costs and production costs is crucial for companies to consider when making decisions about their workforce and production processes.
