When a firm produces an information product the initial or fixed costs are ▼ unpredictable low or high high low . consequently the average fixed cost and average total cost ▼ increase change are constant decrease as the volume of output increases. since most of the costs are the initial fixed costs of development, once the product is developed, the ▼ total marginal average cost of producing more units of the product are typically low and ▼ constant decreasing increasing . in this case, then, the low and constant marginal cost is ▼ equal to below above the average cost. if the firm set the price, or average revenue, of the product equal to the marginal cost, the firm would have ▼ economic profits economic losses normal profits since the marginal cost is ▼ less than equal to greater than the average cost?

What is the state tax rate for a resident of arizona whose annual taxable income is $18,000?

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Kubin company’s relevant range of production is 18,000 to 22,000 units. when it produces and sells 20,000 units, its average costs per unit are as follows: average cost per unit direct materials $ 7.00 direct labor $ 4.00 variable manufacturing overhead $ 1.50 fixed manufacturing overhead $ 5.00 fixed selling expense $ 3.50 fixed administrative expense $ 2.50 sales commissions $ 1.00 variable administrative expense $ 0.50 required: 1. for financial accounting purposes, what is the total amount of product costs incurred to make 20,000 units? 2. for financial accounting purposes, what is the total amount of period costs incurred to sell 20,000 units? 3. for financial accounting purposes, what is the total amount of product costs incurred to make 22,000 units? 4. for financial accounting purposes, what is the total amount of period costs incurred to sell 18,000 units?