Use the Following to Answer Questions : Figure and Table-(Figure and Table: Variable,Fixed,and Total Costs)Use Figure and Table: Variable,Fixed,and

The Answer of Use the Following to Answer Questions : Figure and Table-(Figure and Table: Variable,Fixed,and Total Costs)Use Figure and Table: Variable,Fixed,and

Use the Following to Answer Questions : Figure and Table-(Figure and Table: Variable,Fixed,and Total Costs)Use Figure and Table: Variable,Fixed,and

The Answer of Use the Following to Answer Questions : Figure and Table-(Figure and Table: Variable,Fixed,and Total Costs)Use Figure and Table: Variable,Fixed,and

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Use the Following to Answer Questions :
Figure and Table

question 156

Multiple Choice

Use the following to answer questions :
Figure and Table: Variable,Fixed,and Total Costs $Use the following to answer questions : Figure and Table: Variable,Fixed,and Total Costs \begin{array} { l c c c c c } \begin{array} { l } \text { Points on } \\ \text { Graph } \end{array} & \begin{array} { c } \text { Quantity } \\ \text { of Labour } \\ \text { (workers) , } \boldsymbol { L } \end{array} & \begin{array} { c } \text { Quantity } \\ \text { of Wheat } \\ \text { (bushels) , } \boldsymbol { Q } \end{array} & \begin{array} { c } \text { Variable } \\ \text { Cost, } \\ \boldsymbol { V C } \end{array} & \begin{array} { c } \text { Fixed } \\ \text { Cost, } \\ \boldsymbol { F C } \end{array} & \begin{array} { c } \text { Total Cost, } \\ \boldsymbol { T C } = \boldsymbol { F C } + \boldsymbol { V } \boldsymbol { C } \end{array} \\ \hline A & 0 & 0 & \$ 0 & \$ 400 & \$ 400 \\ B & 1 & 19 & 200 & 400 & 600 \\ C & 2 & 36 & 400 & 400 & 800 \\ D & 3 & 51 & 600 & 400 & 1000 \\ E & 4 & 64 & 800 & 400 & 1200 \\ F & 5 & 75 & 1000 & 400 & 1400 \\ G & 6 & 84 & 1200 & 400 & 1600 \\ H & 7 & 91 & 1400 & 400 & 1800 \\ I & 8 & 96 & 1600 & 400 & 2000 \end{array} -(Figure and Table: Variable,Fixed,and Total Costs) Use Figure and Table: Variable,Fixed,and Total Costs.The marginal cost of increasing production from 19 to 36 kilograms of wheat is: A) $23.53. B) $11.76. C) $22.22. D) $11.11.$ $\begin{array} { l c c c c c } \begin{array} { l } \text { Points on } \\\text { Graph }\end{array} & \begin{array} { c } \text { Quantity } \\\text { of Labour } \\\text { (workers) , } \boldsymbol { L }\end{array} & \begin{array} { c } \text { Quantity } \\\text { of Wheat } \\\text { (bushels) , } \boldsymbol { Q }\end{array} & \begin{array} { c } \text { Variable } \\\text { Cost, } \\\boldsymbol { V C }\end{array} & \begin{array} { c } \text { Fixed } \\\text { Cost, } \\\boldsymbol { F C }\end{array} & \begin{array} { c } \text { Total Cost, } \\\boldsymbol { T C } = \boldsymbol { F C } + \boldsymbol { V } \boldsymbol { C }\end{array} \\\hline A & 0 & 0 & \$ 0 & \$ 400 & \$ 400 \\B & 1 & 19 & 200 & 400 & 600 \\C & 2 & 36 & 400 & 400 & 800 \\D & 3 & 51 & 600 & 400 & 1000 \\E & 4 & 64 & 800 & 400 & 1200 \\F & 5 & 75 & 1000 & 400 & 1400 \\G & 6 & 84 & 1200 & 400 & 1600 \\H & 7 & 91 & 1400 & 400 & 1800 \\I & 8 & 96 & 1600 & 400 & 2000\end{array}$
-(Figure and Table: Variable,Fixed,and Total Costs) Use Figure and Table: Variable,Fixed,and Total Costs.The marginal cost of increasing production from 19 to 36 kilograms of wheat is:

Definitions:

Unit Variable Cost

The cost attributed to each unit produced, varying with the level of output.

Selling Price

The amount of money for which a product or service is sold to the customer.

Contribution Margin

The selling price per unit, minus the variable cost per unit, which helps in determining the profitability of products.

Break-even Chart

A graphical representation that shows the point at which total costs and total revenue are equal, indicating no net loss or gain.