They will be able to increase output.
It will help them fix the price of the product(s).
The information would have to be published to shareholders.
Costs will tell the managers, without any other information, what the profits of the business are.
The salary of the manager
The rent of the restaurant
The cost of the food supplies
The machinery used to cook the food
They vary with the number of units produced.
They vary over time.
They vary with the prices charged by suppliers.
They vary with tax rates set by government.
Number of workers.
The same as profit
Equal to total costs
Quantity of units produced multiplied by cost of producing each unit
Quantity of units sold multiplied by the selling price.
Profit is at its highest level
Variable costs equal revenue
Total costs equal revenue
Variable costs equal fixed costs.
We cannot tell from the information given.
The profit made on each item sold
The revenue gained from selling each item
The difference between price and variable cost
The difference between price and fixed cost.
Costs fall as output increases.
Costs per unit fall as the firm expands.
Average costs rise as the firm expands.
Fixed costs fall as output increases.
Supplies of components are bought at a lower average cost.
The price of the product to the consumer falls.
Expert managers can be employed to increase efficiency.
The most advanced equipment can now be purchased.
Sales revenue forecast
Estimate of production costs.