• 2021-04-14
    A c______ total loss is a situation where the cost of repairs plus the cost of salvage equal or exceed the value.
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    • 0

      The value of a business owner's time is an example of_________. A: a fixed cost B: an opportunity cost C: total revenue D: an explicit cost

    • 1

      In appraisals, depreciation can be defined as:( ) A: A deduction from value B: Actual loss in value compared to current cost as new ‍ C: Diminished utility D: ‍Either (Actual loss in value compared to current cost as new) or (Diminished utility)

    • 2

      What is the total cost in this outcome (Firm A's total cost + Firm B's total cost)?What is the total cost in the efficient outcome (assuming that the price is $3 and four units are produced in total)?<br/>______

    • 3

      The total of direct materials, direct labour and direct expenses is known as: A: Production cost B: Overhead C: Prime cost D: Total cost

    • 4

      In the high-low method, the change in total cost is due to: A: a. fixed cost per unit B: b. mixed cost per unit C: c. total fixed cost D: d. variable cost per unit