pc102_w05_document_applicationactivity_breakeven

Cost/Unit $30 $23 $20 $18 $10 25 ATC₁ 30 ATC₂ 40 ATC₂ 45 ATC4 Output

100 90 80 ATC AVC 20 10 MC 10 15 20 25 30 35 40 45 50 QUANTITY (Thousands of blenders) ch a Desktop PRICE (Dollars per blender) 8 & 8 8 8

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S LO 20 # 3 PRICE (Dollars per hot dog) 5. History Bookmarks People Tab Window Help 令) 71% Mind Tap - Cengage Learning /index.html?deploymentld%359828119415547787292595253&elSBN=9780357133606&id%3D1069413986&snapshotid%-D2211990& * CENGAGE MINDTAP Q Search this course Homework (Ch 15) 5. Monopoly outcome versus competition outcome Consider the daily market for hot dogs in a small city. Suppose that this market is in long-run competitive equilibrium with many hot dog stands in the city, each one selling the same kind of hot dogs. Therefore, each vendor is a price taker and possesses no market power. The following graph shows the demand (D) and supply (S = MC) curves in the market for hot dogs. %3D Place the black point (plus symbol) on the graph to indicate the market price and quantity that will result from competition. Competitive Market +. 4.5 PC Outcome 3.5 3.0 2.5 S=MC 1.5 0.5 D. 120 140 160 180 09 QUANTITY (Hot dogs) 40 PI MacBook Air DA DD F8 F6 F5 F4 F2 %24 6. 7. 8. 9- 4. 2.

Economics A company sells apples. Annual demand is 20,000, the order cost is $150.00 and the holding cost is 20% of the cost of each item. Cost of each item is $80.00.   Calculate: a. The economic order quantity EOQ)   b(i) the annual order cost       ii) the annual holding cost       iii ) total annual cost including cost of items.

based on the information in the table what is marla's profit margin? total revenue-$1,400total cost- $900average cost- $7fixed cost-$700quantity-200

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Note: Plot your polnts In the order In which you would like them connected. Line segments will connect the polnts automatically. 200 175 ATC 150 125 AVC 100 MC 50 25 1 3 4 6 QUANTITY (Pairs of boots) Grade It Now Save & Continue COSTS (Dollars per pair)

\table[[\table[[Output], [per], [Month]], Price, \table[[Total], [Revenue]], Total Cost,Total Profit, \table [[Marginal], [ Revenue** Output per Month Price 0 $1,000 100 Total Revenue $0 1,000 100,000 Total Cost Total Profit Marginal Revenue* Average Revenue* Profit per Cost Total Cost Unit (Price - ATC) $60,000 -$60,000 90,000 10,000 $1,000 $300 $900 $100 200 1,000 200,000 130,000 70,000 1,000 400 650 350 300 1,000 300,000 180,000 120,000 1,000 500 600 400 400 1,000 400,000 240,000 160,000 1,000 600 600 400 500 1,000 500,000 320,000 180,000 1,000 800 640 360 600 1,000 600,000 420,000 180,000 1,000 1,000 700 300 700 1,000 700,000 546,000 154,000 1,000 1,260 780 220 800 1,000 800,000 720,000 80,000 1,000 1,740 900 100 900 1,000 900,000 919,800 -19,800 1,000 1,998 1,022 -22 "Note that output levels are calibrated in hundreds in this example; that's why we have divided the change in total costs and revenues from one output level to another by 100 to calculate marginal revenue and marginal…

t FI Search (Alt+Q) Draw Design View Help Table Design Layout Design Layout References Mailings Review As the manager of Lewis Inc., a company that produces lamps, you conducted a study of the production process. The study was based on 8 units of capital currently used by your firm. (This is the short run in which capital is fixed.) 1 Week 7 Assignment Compatibility Mode Saved to this PC Text Predictions: On @ 2 W 3 Per unit capital costs are $20 and the price of lamps is $12 each (this is a competitive market). Workers at Lewis Inc. are paid $60 per labor unit. (You can think of one unit of labor as one worker, and each worker is paid $60.) Fill in the blanks in the following table. Hint: Please follow Table 1 on page 364 of the textbook. Please note that a competitive, profit-maximizing firm hi 1 7 Labor (L) E 0 1 2 8 9 10 Accessibility: Unavailable $ 4 3 4 5 6 7 FI . R Q C Capital (K) F5 % 8 8 8 8 8 8 8 8 8 8 8 L T i F6 Output (Q) 6 0 10 30 60 80 90 95 95 90 80 60 Marginal Product…

Please answer (d) and (e) and show the answer with graphs.

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accounting profit by Weplit costs wn $160,000 and implick costs are $72,000, economic profit is

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Mc Graw Hill c) Assuming that the cost of employing each worker is $220 per day (including wages and materials), and Custom Made Pot has daily fixed costs of $400, fill in Table B given below: Round your AVC and MC answers to one decimal place. Number of TP WorkersOutput 1 2 3 A 5 6 10 80 TVC($) 220 440 180 240 830 280 1100 294 1320 660 6 TFC Table B TC 400 620 620 400 840 400 1060 400 1280 1280 400 1500 1720 400 AVC($) ATC 22 62 5.5 10.5 3.67 5.89 3.67 5.33 3.9 4.5 5.3 5.8 MC($) dy On the graph given below, plot the following points showing the quantity and dollar amounts. point of diminishing returns (D) most productive point (P) economic capacity (E) Tools O 220 220 220 Once a point is plotted, a tool icon will pop up. You can use this to enter exact co-ordinates for your points as needed. n D 220 220 ? P Prev 1 of 8 SAMSUNG Next >

Output Variable Total AVC AFC ATC MC (boxes) Cost Cost $0 $10 1 $20 $15 3 $69 $3.33 $23 4. $2.50 $27 $39

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Scatter Diagrams and High-Low Cost Estimation From April 1 through October 31, Coles County Highway Department hires temporary employees to mow and clean the right-of-way along county roads. The County Road Commissioner has asked you to help her in determining the variable labor cost of mowing and cleaning a mile of road. The following information is available regarding current-year operations: Miles Mowed Labor Month and Cleaned Costs April 240 S6,800 May 305 7,680 June 325 8,310 July 275 7,200 August 220 6,550 September 200 5,760 Оctober 75 4,960 Use the information from the high- and low-volume months to develop a cost-estimating equation for monthly labor costs. Monthly labor costs - $ 3,955 v + $ 13.4 v X Plot the data on a scatter diagram. Using the information from representative high- and low volume months, use the high-low method to develop a cost-estimating equation for monthly labor costs. Monthly labor costs - $ 9,181 x + $ 13.4 x x Adjust the equation developed in…

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What are the fixed cost and variable cost form th ebelow list? 3000 Bottles price 25782.62 years Website hosting 1201.28Stickers printing price 5723.45Shipment of stickers 2280Delivery Order charges 3793.32Customs duty 744Clearance 360Shipping documentation 413MPL charges 554.38Rent of warehouse 6500Wages 3000Raw Materials 4000Unit Selling price

Please see the attached two pictures, one for the graph, and the other for the questions.

Utilities Some rental units have certain expenses included with the rent. Water, electricity, and heating are often referred to as utilities. Some tenancy agreements require the tenant to pay for utilities. 7. a) Bianca and Sarah rent a semi-detached house. They pay for utilities as well as rent. Complete the chart to determine their estimated annual cost for utilities. Average Billing Frequency Estimated Amount Billed Annual Cost Item Natural gas Monthly $118 Electricity Bi-monthly $140 Water Quarterly $120 Estimated Total Annual Cost b) A news report claimed that utility costs would rise by an average of 10% next year. Estimate how much Bianca and Sarah can expect to pay for utilities next year. 0

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IceLess is an anti-icing solution sold in gallon plastic jugs. It is poured into the windshield washer bottle of your car. Wash your windshield and the solution prevents the glass from icing over for about four hours. Production incurs the following fixed and variable costs. It is priced initially at $5.50 per gallon. 1. Fixed costs (per year) Rent Utilities Managerial salaries Flammability permit Other fixed expense Total fixed $18000 13200 20000 12000 2400 $65600 Variable Costs per gallon Glycol FreezeFree 312 Mfg labor Packaging Inert ingredients Advertising Total $1.50 .50 .20 .20 .60 .30 $3.30 What is the annual breakeven production quantity (use above data, show work)? 2. What revenue would the sale of the breakeven quantity for $5.50 per gallon generate? 3. The production department says 29000 gallons is its maximum production capability. Management insists on earning $94400 above fixed costs. All costs are as given initially. What price must be charged per gallon if only 29000…

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Please solve all three parts with steps and explanation.