{"id":23529,"date":"2022-01-07T23:06:19","date_gmt":"2022-01-07T23:06:19","guid":{"rendered":"https:\/\/assignmenttutors.net\/blog\/strayer-eco-550-final-exam-part-1-2-spring-2016-strayer-eco-550\/"},"modified":"2022-01-07T23:06:19","modified_gmt":"2022-01-07T23:06:19","slug":"strayer-eco-550-final-exam-part-1-2-spring-2016-strayer-eco-550","status":"publish","type":"post","link":"https:\/\/assignmenttutors.net\/blog\/strayer-eco-550-final-exam-part-1-2-spring-2016-strayer-eco-550\/","title":{"rendered":"Strayer eco 550 final exam part 1 &#038; 2 (spring 2016) \/strayer eco 550"},"content":{"rendered":"<div>\n<p>\u00a0\u00a0<\/p>\n<p><strong>PART 1<\/strong><\/p>\n<p>1. Which of the following is not an assumption of the linear breakeven model:<\/p>\n<p>a. constant selling price per unit<\/p>\n<p>b. decreasing variable cost per unit<\/p>\n<p>c. fixed costs are independent of the output level<\/p>\n<p>d. a single product (or a constant mix of products) is being produced and sold<\/p>\n<p>e. all costs can be classified as fixed or variable<\/p>\n<p>2. Theoretically, in a long-run cost function:<\/p>\n<p>a. all inputs are fixed<br \/>b. all inputs are considered variable<br \/>c. some inputs are always fixed<br \/>d. capital and labor are always combined in fixed proportions<\/p>\n<p>3. George Webb Restaurant collects on the average $5 per customer at its breakfast &amp; lunch diner. Its variable cost per customer averages $3, and its annual fixed cost is $40,000. \u00a0If George Webb wants to make a profit of $20,000 per year at the diner, it will have to serve__________ customers per year.<\/p>\n<p>a. 10,000 customers\u00a0<\/p>\n<p>b. 20,000 customers\u00a0<\/p>\n<p>c. 30,000 customers\u00a0<\/p>\n<p>d. 40,000 customers\u00a0<\/p>\n<p>e. 50,000 customers\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0\u00a0 PART 1 1. Which of the following is not an assumption of the linear breakeven model: a. constant selling price per unit b. decreasing variable cost per unit c. fixed costs are independent of the output level d. a single product (or a constant mix of products) is being produced and sold e. all [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-23529","post","type-post","status-publish","format-standard","hentry","category-education"],"_links":{"self":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/23529","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/comments?post=23529"}],"version-history":[{"count":0,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/23529\/revisions"}],"wp:attachment":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/media?parent=23529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/categories?post=23529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/tags?post=23529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}