ASAPP

+ (5 points) Mark each of the following statements by Tor E The maximum revenue occurs at the optimal volume (demand). 2. ) Material, labor, and maintenance costs are considered as direct costs. 3. ) Taxes are considered as cash costs. > The fixed cost is unaffected by changes in activity level over any range of capacity 5. Unit variable cost varies with the quantity of output. te i%, they will be ) If two cash flows are equivalent at (n-0) and interest rate 6. equivalent at any other value ofi% 7. Water bills are considered as overhead costs. 8. Simple interest is computed only on the original sum (the original principal P). and not on accrued interest. Sunk costs and Book costs are neglected in engineering economic analysis. Monopoly refers to the market situation in which any given product is supplied by a very large number of vendors and there is no restriction against additional vendors from entering the market. 9. 10.7 tion