*NURSING > QUESTIONS & ANSWERS > Managerial Economics & Globali (A GUARANEED) (All)
Managerial Economics & Globali (A GUARANEED) Evidence from empirical studies of long-run cost-output relationships lends support to the: Selected Answer: hypothesis that total costs increase linea... rly over some considerable range of output examined Correct Answer: hypothesis that total costs increase linearly over some considerable range of output examined • Question 2 4 out of 4 points Which of the following is not an assumption of the linear breakeven model: Selected Answer: decreasing variable cost per unit Correct Answer: decreasing variable cost per unit • Question 3 4 out of 4 points George Webb Restaurant collects on the average $5 per customer at its breakfast & lunch diner. Its variable cost per customer averages $3, and its annual fixed cost is $40,000. If George Webb wants to make a profit of $20,000 per year at the diner, it will have to serve__________ customers per year. Selected Answer: 30,000 customers Correct Answer: 30,000 customers• Question 4 4 out of 4 points In the linear breakeven model, the difference between selling price per unit and variable cost per unit is referred to as: Selected Answer: contribution margin per unit Correct Answer: contribution margin per unit • Question 5 4 out of 4 points In a study of banking by asset size over time, we can find which asset sizes are tending to become more prominent. The size that is becoming more predominant is presumed to be least cost. This is called: [Show More]
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