If a business’s fixed costs are large relative to its variable costs, it is likely to

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Asked 10/21/2013 1:28:23 PM

Updated 5/2/2018 1:55:32 PM

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User: If a business’s fixed costs are large relative to its variable costs, it is likely to

Question

Asked 10/21/2013 1:28:23 PM

Updated 5/2/2018 1:55:32 PM

1 Answer/Comment

Flagged by emdjay23 [5/2/2018 1:55:32 PM]

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emdjay23

If a business's fixed costs are large relative to its variable costs, it is likely to operate longer hours than a firm whose fixed costs are small relative to variable costs.

Added 5/2/2018 1:55:31 PM

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Confirmed by Masamune [5/3/2018 9:27:52 AM]

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definition of variable cost

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Updated 9/30/2017 2:05:40 PM

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Wallet.ro

Variable costs are costs that change in proportion to the good or service that a business produces.

Added 9/30/2017 11:59:54 AM

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Confirmed by jeifunk [9/30/2017 2:05:41 PM]

Demand is based on consumer purchase, whereas supply is based on A. producers offering products for sale. B. offering a wide range of prices. C. the willingness to purchase. D. the ability to purchase.

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Updated 9/22/2017 7:35:37 AM

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Wallet.ro

Demand is based on consumer purchase, whereas supply is based on producers offering products for sale.

Added 9/22/2017 7:35:37 AM

This answer has been confirmed as correct and helpful.

Confirmed by jeifunk [9/22/2017 9:46:28 AM]

Profit is maximized when marginal cost is equal to marginal revenue. True or False.

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Updated 1/11/2018 9:42:42 PM

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Masamune

Profit is maximized when marginal cost is equal to marginal revenue. TRUE.

Added 1/11/2018 9:42:42 PM

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.When the quantity supplied is greater than the quantity demanded, what is the condition known as? A. Excess supply B. Excess availability C. Abundant supply D. Disequilibrium

Weegy: When the quantity supplied is greater than the quantity demanded, what is the condition known as - Excess supply. (More)

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Updated 1/17/2018 4:36:31 AM

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