Fixed Cost，Veriable Cost，Explicit Cost，Implicit Cost，Opportunity Cost，Sunk Cost，Economic Profit，Normal Profit，Average Cost，Margial Cost
举一反三
- The value of a business owner's time is an example of_________. A: a fixed cost B: an opportunity cost C: total revenue D: an explicit cost
- A competitive firm maximizes profit by choosing the quantity at which ( ) A: average total cost is at its minimum. B: marginal cost equals the price. C: average total cost equals the price. D: marginal cost equals average total cost.
- Under current cost accounting, goods sold are charged to profit or loss at: A: Historical cost B: Replacement cost C: Net realisable value D: Economic value
- Economic profit is A: both b and c B: the difference between total revenue and the implicit costs of using owner-supplied resources. C: the difference between accounting profit and the opportunity cost of the market-supplied resources used by the firm. D: the difference between accounting profit and explicit costs. E: the difference between total revenue and the opportunity cost of all of the resources used in production.
- A cost is described as staying the same over a certain activity range and then increasing but remaining stable over a revised activity range in the short term. What type of cost is this?? A semi-variable cost|A stepped fixed cost|A variable cost|A fixed cost