Any cost that remains unchanged as output changes represents a firm's
a. marginal cost.
b. opportunity cost.
c. fixed cost.
d. variable cost.
any cost that changes as output changes represents a firm's
a. sunk cost.
b. overhead cost.
c. fixed cost.
d. variable cost.
which of the following is most likely to be a fixed cost for a farmer?
a. wages paid to farm workers
b. cost of fertilizer
c. insurance premiums on property
d. cost of seeds
which of the following is most likely to a variable cost for a business firm?
a. property taxes
b. rent on the office building
c. interest on long-term outstanding bonds
d. cost of shipping products

Elon musk is the ceo of tesla motors. musk also serves as chairman of tesla's board. according to corporate governance theory, which of the following is a logical reason why musk should serve on the board? 1. he serves on many other boards, including that of a major client of tesla.2. his is an independent director who is well positioned to monitor the company's management.3. he can easily fire board members that are shirking their duties.4. he can provide the board with valuable inside information about the firm and the industry.

On june 1, 2017, blossom company was started with an initial investment in the company of $22,360 cash. here are the assets, liabilities, and common stock of the company at june 30, 2017, and the revenues and expenses for the month of june, its first month of operations: cash $4,960 notes payable $12,720 accounts receivable 4,340 accounts payable 840 service revenue 7,860 supplies expense 1,100 supplies 2,300 maintenance and repairs expense 700 advertising expense 400 utilities expense 200 equipment 26,360 salaries and wages expense 1,760 common stock 22,360 in june, the company issued no additional stock but paid dividends of $1,660. prepare an income statement for the month of june.

Why is efficiency an important economic goal?