Solved

Raphael's Salon Has $5,000 in Fixed Costs and $15,000 in Variable

Question 64

Multiple Choice

Raphael's Salon has $5,000 in fixed costs and $15,000 in variable costs monthly.Raphael's Salon performs 1,500 haircuts per month.What is the average total cost for Raphael's Salon?


A) $0.075
B) $7.00
C) $8.00
D) $13.33

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q59: Economic costs include only the implicit costs

Q60: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5233/.jpg" alt=" Table 8.1

Q61: All of the following are possible reasons

Q62: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5233/.jpg" alt=" -Refer to Figure

Q63: A firm's long run marginal cost is<br>A)

Q65: Suppose that a donut shop has $1,500

Q66: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5233/.jpg" alt=" -Refer to Figure

Q67: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5233/.jpg" alt=" Table 8.5

Q68: If marginal product is negative,then<br>A) total product

Q69: Suppose that at Jones & Smith Shoe