Refer to problem 7.8.b
P (x ≤ 4) = .25. (T/F)

Costs of production that do not change when output changes.question 17 options: total revenuefixed incometotal costfixed cost

During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak

An outside supplier has offered to sell talbot similar wheels for $1.25 per wheel. if the wheels are purchased from the outside supplier, $15,000 of annual fixed overhead could be avoided and the facilities now being used could be rented to another company for $45,000 per year. direct labor is a variable cost. if talbot chooses to buy the wheel from the outside supplier, then annual net operating income would: