Question 2: Cost behavior types Classify the following items as variable (V), fixed (F), or mixed (M): Rent for the factory building V correct F M Correct: Your answer is correct. Depreciation on production equipment V correct F M Correct: Your answer is correct. Production managers' salaries V correct F M Correct: Your answer is correct. Production workers' wages correct V F M Correct: Your answer is correct. Cost of materials used in production correct V F M Correct: Your answer is correct. Fire insurance for the plant V correct F M Correct: Your answer is correct. Sales commissions (3% of sales) correct V F M Correct: Your answer is correct. Sales managers' total compensation (salary sales commissions) V F correct M

Which of the following accurately describes a situation in which consumers have elastic demand? a. a restaurant starts using margarine instead of butter because butter becomes more expensive. b. consumers boycott a restaurant because the waiters aren't paid minimum wage. c. a company starts using sugar instead of corn syrup because its revenues are up. d. people give up eating pasta and bread because they want to lose weight. 2b2t

Auniversity spent $1.8 million to install solar panels atop a parking garage. these panels will have a capacity of 400 kilowatts (kw) and have a life expectancy of 20 years. suppose that the discount rate is 20%, that electricity can be purchased at $0.10 per kilowatt-hour (kwh), and that the marginal cost of electricity production using the solar panels is zero. hint: it may be easier to think of the present value of operating the solar panels for 1 hour per year first. approximately how many hours per year will the solar panels need to operate to enable this project to break even? a. a.3,696.48 b.14,785.92 c.9,241.20 if the solar panels can operate only for 8,317 hours a year at maximum, the project (would/would not)break even?

Which of the following tends to result in a decrease in the selling price of houses in an area? a. an increase in the population of the city or town. b. an increase in the labor costs of construction. c. an increase in the income of new residents in the city or town. d. an increase in mortgage interest rates.