CHAPTER 7: LÝ THUYẾT CHI PHÍ

Product A has the total cost function as follows TC = Q² + 2Q + 100, Please tell me the fixed cost (FC) function in the short run? 

• FC = Q² + 2Q 

• FC = Q² + 2Q + 100

• FC = 100

• Other answer

Product A has the total cost function as follows TC = Q² + 2Q + 100, please tell us the variable cost (VC) function in the short run 

• VC = Q² + 2Q 

• VC = 100 

• VC = Q² + 2Q + 100

• Other answer

Product A has the total cost function as follows TC = Q² + 2Q + 100. Determine the average variable cost (AVC) function in the short run?

• AVC = 100/Q 

• 
  AVC = Q + 2 + 100/Q

• AVC = Q + 2

• Other answer

Product A has the total cost function as follows TC = Q² + 2Q + 100. Determine the average fixed cost (AFC) in the short run?

• AFC = 100/Q 

• AFC = Q + 2 + 100/Q

• AFC = Q + 2

• Other answer

Product A has the total cost function as follows TC = Q² + 2Q + 100, Determine the marginal cost (MC) in the short run?

• MC = 2Q + 2

• MC = 100/Q

• MC = 2Q + 2 + 100/Q

• Other answer

The monetary expense that a business has incurred to purchase production factors during the production and business process. What type of cost is it?

• Current cost (accounting cost)

• Opportunity cost

• Implicit cost

• Economic cost

What type of cost is recorded in accounting books?

• Accounting cost (current cost)

• Hidden cost

• Opportunity cost

• All of the above costs

What are the expenses that cannot be expressed in specific monetary terms and therefore are not recorded in accounting books? That is the cost of?

• Accounting costs 

• Hidden costs

• Current costs

• Provisions costs

There is a document reflecting the production situation of enterprise A as follows. When Q = 4, please determine the fixed cost (FC) and average variable cost (AVC)?

• 
  FC = 10 & AVC = 15 

• FC = 0 & AVC = 12

• FC = 14 & AVC = 12 

• FC = 15 & AVC = 14

What is the formula for calculating marginal cost (MC)?

• MC = TC / Q

• MC = TC / P

• MC = P * Q

• MC = ∆TC / ∆Q