Q: On this least-cost abatement curve, how much (GECO2) could we abate if we spent €8.37 billion?
A: Since you have posted multiple questions, as per guidelines we can solve only 1st question.
Q: Find P(-1.35 < z < 1.35) a 0.8230 b 0.7990 c 0.7757 d 0.7531
A: A z -score refers to a score that indicates the number of standard deviations between a certain…
Q: A recent engineering was given the job of determining the best production rate for a new type of…
A: Following below is the formula used to determine the profit for a firm; Profit = Selling price -…
Q: What is a project? (speaking of economic engineering
A: A project (or programmed) is any individual or group effort, sometimes involving research or design,…
Q: D Question 13 1 pts If the firm made total sales of $968 million (mn) in 2020, spent $121 mn on…
A: Answer: Gross profit margin = Sales - COGS / Sales ×100
Q: Question (2): Solve the following problem: 6 Hussein Plastics produces plastic containers for use in…
A: Given: The monthly production is = 20,000 containers Shift hours = 5 days a week with 8 hours a day…
Q: Total revenue minus explicit and implicit costs equals which of the following? excess profits O…
A: The total amount of income being generated by a company through the sale of its goods and services…
Q: CNG Pipeline Company At the weekly brainstorming session, John Spychalski, president of CNG Pipeline…
A: This case study is talking about a project expansion for a gasoline company called the CNG Pipeline.…
Q: 3) If AVC = $3 when quantity is 10 then what is the total variable %3D costs?
A: Variable cost varies with the level of production.
Q: 1 If your accounting profit is $60,000, much is your economic profit? If your revenue during the…
A: Accounting profit is the net income for a company, which is revenue minus expenses. Economic profit…
Q: The board of your company discusses a possible future price increase of 20% for one of the products.…
A: A firm operates in the industry intending to make a profit. The firm will change its production…
Q: Table 1: New Generation Company Quantity of commodity A per day Total Variable costs in OMR 60.000…
A: Perfect competition is a market structure, in which a large number of firms produces identical…
Q: 3. The Caribbean airline is making reasonable profit and wants to expand its operation to include a…
A: Answer a) Variable cost refers to the cost of production that changes as output increases or…
Q: From the given table, calculate TVC andMVC. Output (Units) 1 3 4 Marginal Cost (E) 40 30 35 39
A:
Q: 1. A manufacturing company is considering two alternative locations for a new facility. The fixed…
A: 1. a) New jersey Delaware Variable cost 15 25 Fixed cost 1,000,000 1,000,000 The fixed…
Q: The table below shows average cost data for three different-sized plants-1, 2, and 3-which are the…
A: b. The economic capacity for plant 1 is 300. The reason is, at 300 unit of output, the average cost…
Q: Please see attached.
A:
Q: Question 2: Calculate the missing values in the following table. Show all formula and calculations…
A: Following formula are used to find the values. Average cost = Total cost / Output. Marginal cost =…
Q: Beth is a hard-working college senior. One Saturday, she decides to work nonstop until she has…
A: Marginal benefit is defined as the additional benefit received by an individual when he consumes or…
Q: Problem 11. Calculate AVC and MC at each level of output from the following aatu. Gutput (Units) 4.…
A:
Q: 1. The transportation cost is $100 per ton per mile. A factory is producing 10 tons of output per…
A: Given the transportation cost = $100 per ton per mileTotal output = 10 tonsRent = $5000Distance = 3…
Q: Raphael is a hard-working college senior. One Saturday, he decides to work nonstop until he has…
A: Marginal gain of working on problems refers to increase in number of problems answered from…
Q: The table shows the quantity of gold bars (in thousands) and the extraction cost per gold bar (in…
A: User cost is the cost incurred by the user or company to rent the capital assets in order to use the…
Q: Problem 12: Ćalculate TVC and MC and each given level of output from the following autu! Output…
A:
Q: (Suggested time - 12 mins] MPB Q Q, Q, Q 5 Use the labelled points in this graph to identify the…
A: Given Diagram
Q: 5. Consider the accompanying breakeven graph for an investment, answer the following questions. a)…
A: Since you have provided multiple subpart question, we will solve the first three subpart for you. If…
Q: 3. The owner of shop is contemplating adding a new product which will require additional monthly…
A: Fixed costs are costs that are independent of the total output that is produced by the firm.…
Q: Q 4: Answer the questions below using the following Table (you can also take help from the Figures…
A: The MC of graduate students rises rapidly which means MC falls at a diminishing rate. As MC rises…
Q: $10 MC ATC 9 8 AVC 7 2 1 2 3 4 5 6 7 8 9 10 Quantity (in 1,000s) What is: (1) AVC at 6000 units of…
A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…
Q: How do you think the costs of teaching a commerce degree online would compare to the costs of a…
A: A commerce degree could be taught online for less money than on-campus at a university because of…
Q: Question 1. Suppose it costs XYZ Airline 120,000 dollars to fly its 500 - seater A380 passenger…
A: Average cost per seat = Total cost / Number of seats
Q: QUESTION 1 Khaled has developed a new technology device that is so exciting he is considering…
A: "Since you have asked a question with multiple sub-parts, we will solve the first three sub-parts…
Q: Question 5 of 16 Sandra's company has a machine that can produce a maximum of 45,000 components per…
A: Breakeven is a point where a firm earns zero profit or at a situation of no profit no loss. It is a…
Q: 14) Implicit costs can be defined as A) accounting profit minus explicit cost. B) the non-monetary…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: [1st_itemBCD] *problem situation in the photo below* Required: In Problem 1, what is Merrilyn’s…
A: Accounting Profit = Total Revenue - Total Explicit Cost Economic Profit = Total Revenue - Total…
Q: 5. Consider the accompanying breakeven graph for an investment, answer the following questions. a)…
A: Since you have posted multi subparts question. So as per answering guideline, we will solve first 3…
Q: Complete the following table. Units TFC TVC TC AFC AVC AC…
A: Costs are the expenses that firms have to incur in the production of goods and services. In the…
Q: 1. Which of the below is not a question to ask ourselves when designing a product? *…
A: The markets are the place where the buyers and the sellers meet, and interact with each other. In…
Q: 2. The relationship between price and demand per month for a consumer product is p = 3500 -1.1D1S…
A: Here, demand curve is given as: P=3500-1.1D1.5 Fixed cost: $300 per month Variable cost: $4 per…
Q: Mention at least 4 questions that help us to start planning a project and why do you think they are…
A: To start a project (say a production unit), a person needs to consider the following questions: 1)…
Q: -Calculate the cost of eliminating our wholesalers • Revenues are $230 million • We will have to pay…
A: Introduction Revenue = $230 million Cost of transportation = 5% of 230 = 5100 × 230 = $11.5 million…
Q: Which of the following is a fixed cost for a chocolate factory over the course of a month?
A: Cost is defined as an expenditure which is required to produce or sell a product . Fixed Cost is…
Q: 2 On the same set of axes plot TFC, TVC, and TC schedule based on the following table: a. Compute…
A: AFC=TFCQAVC=TVCQATC=ATCQMC=∆TC∆Q
Q: Zach took $400,000 out of the bank and used it to start his new cookie business. The bank account…
A: Answer; Option d is the correct answer,
#2
Step by step
Solved in 2 steps
- Question 1 Output (Q) Total Fixed Cost (TFC) Total Variable cost (TVC) 0 100 0 1 100 50 2 100 125 3 100 205 4 100 295 5 100 395 Which of the following is true of marginal costs, based on the data in the table above? 1. Marginal costs are rising throughout the output range shown. 2. Marginal costs are falling throughout the output range shown. 3. Marginal costs are constantACME Coal paid $5,000 to lease a railcar from the Reading Railroad. Under the terms of the lease, $1,000 of this payment is refundable if the railcar is returned within two days of signing the lease. 1. Upon signing the lease and paying $5,000, how large are ACME’s fixed costs? Its sunk costs? 2. One day after signing the lease, ACME realizes that it has no use for the railcar. A farmer has a bumper crop of corn and has offered to sublease the railcar from ACME at a price of $4,500. Should ACME accept the farmer’s offer?1.Joe quits his computer programming job, where he was earning a salary of $50,000 per year, to start his own computer software business in a building that he owns and was previously renting out for $24,000 per year. In his first year of business he has the following expenses: salary paid to himself, $40,000; rent, $0; other expenses, $25,000. Find the accounting cost and the economic cost associated with Joe’s computer software business.
- 1. The amount of fixed factory costs applied to the product during the first 6 months under absorption costing is? A. Over-applied by $20,000. C. Under-applied by $40,000. B.Equal to the fixed costs incurred. D. Under-applied by $80,000. 2. Reported net income (or loss) for the first 6 months under absorption costing is? A. $160,000 B. $0 C. $40,000 D. $(40,000) 3. Reported net income (or loss) for the first 6 months under variable costing is? A. $180,000 B. $40,000 C. $0 D. $(180,000)The diagram displays short-run cost curves for a facility that produces liquid crystal display (LCD) screens for cell phones: a) What are the daily total fixed costs of producing LCD screens?b) What are the total variable costs of producing 100 LCD screens per day?c) What are the total costs of producing 100 LCD screens per day?d) What is the marginal cost of producing 100 LCD screens instead of 99? (Hint: To answer this question, you must first determine the total costs-or, alternatively, the total variable costs of producing 99 LCD screens.)Hello, I am not understanding this practice problem. I dont know how to solve the second half .
- What are diminishing marginal returns as they relate to costs?1. mary williams, owner of Williams products, is evaluating whether to introduce a new product line. after thinking through the production process and the costs of raw materials and new equipment, williams estimates the variable costs of each unit produced and sold at $6 and the fixed costs per year at $60,000 a. if the selling price is set at $18 each, how many units must be produced and sold for williams to break even? use both graphic and algebraic approaches to get your answer b. williams forecasts sales of 10,000 units for the first year if the selling price is set at $14 each. what would be the total contribution to profits from this new product during the first year? c. if the selling price is set at $12.50, williams forecasts that first-year sales would increase to 15,000 units. which pricing strategy ($14 or $12.50) would result in the greater total contribution to profits? d. what other considerations would be crucial to the final decision about…Question attached In early 2008, you purchased and remodeled a 120-room hotel to handle the increased number of conventions coming to town. By mid-2008, it became apparent that the recession would kill the demand for conventions. Now, you forecast that you will be able to sell only 10,000 room-nights, which cost $70 per room per night to service. You spent $25.00 million on the hotel in 2008, and your cost of capital is 10%. The current going price to sell the hotel is $20 million.If the estimated demand is 10,000 room-nights, the break-even price is $per room, per night. (Hint: Remember that the cost of capital is the opportunity cost, or true cost, of making an investment.)
- Mike spends RM35,000 per annum on painting supplies and storage space. He recently received two job offers from a famous marketing firm – one offer was for RM 95,000 per year, and the other was for RM 105,000. However, he turned both jobs down to continue a painting career. If Mike sells 20 paintings per year at a price of RM 8,000 each: Question 1: What are his accounting profits? Question 2: What are his economic profits?ABC Ltd. makes a television table that sells for $60 per unit. It has variable costs of $20 per unit and incurs fixed costs of $110,000 per period. Create the mathematical model that represents the problem a.P= 60X- 110,000 – 20 X b.P= 20x- 110,000- 60 X c.P= 60 X- 110,000X- 20 d.P= 20X- 60 – 110,000 X Which of the following is a definition for variable costs? a.Costs that contain a fixed and variable element b.Costs that remain the same whatever the level of output c.Costs that will remain fixed as output increases until the activity reaches a level where the costs have to increase sharply d.Costs that vary directly with the number of units producedTrue/False: 1. Implicit costs are those costs, which have been incurred in the past and cannot be recovered bycurrent decisions.2. It is possible for the economic profit and accounting profit to be equal to one another.3. If Ed<1, an increase in price leads to higher revenue.4. In the long run, at least some of the inputs should be variable.5. Production is a transformation of resources in to goods and services.