2. Find the volumes over which each site for making a product is the lowest cost. Site Fixed Variable 1 20,000 18 10,000 23 3. 32,000 166 4. 35,000 20 a) What is the highest volume where site 2 is the lowest cost? b) What is the lowest volume where site 3 is the lowest cost?

Q: Hamburg Variable Fixed Total Average ers Average Variable Cost Marginal Cost Costs Costs Costs Total…

A: The sum total of all production costs divided by the total quantity of output is known as the…

Q: 2. You are the manager of production at a firm that sells high performance road bikes. Your firm has…

A: Answer: Quantity Average cost (AC) Total cost= AC*Quantity Marginal cost 548 bikes $245…

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A: Costs are the expenses that the firms have to incur in their production activities. Revenue is the…

Q: 5. Costs in the short run versus in the long run Ike's Bikes is a major manufacturer of bicycles.…

A: Answer: LRATC (long-run average total cost)=Long-run average total cost is obtained by taking the…

Q: Question 4 Charlie Co. sells pastries and its production and cost table is given below. A worker…

A: Marginal Product = Change in Total Product / Change in Labour Marginal Cost = Change in Total Cost /…

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A: Here we calculate the profit and conclude the decision is this production profitable or not  , and…

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A: According to guidelines, first 3 subparts needs to be solved. Profit maximisation is done by…

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A: below table show the TVC shedule, where rise in TVC gives rise to AVC. AC stills falls for certain…

Q: Ike’s Bikes is a major manufacturer of bicycles. Currently, the company produces bikes using only…

A: Economies of scale refers to the gradual decline in the average cost with increase in the scale of…

Q: C) Video Productions sells DVD for $60. The variable cost per DVD is $36, and the fixed costs per…

A: Given:Price of each DVD=$60Variabl cost=$36Fixed cost=$120,000

Q: Find the value of B. Quantity Total Cost Fixed Cost Variable Cost Average Total Cost Average Fixed…

A: "Average fixed cost measures the fixed cost of production per unit of output."

Q: Morgan took $400 000 out of their savings account to start an ice cream stand. The savings account…

A: Given:Implicit cost:=4,00,000*5%=$20,000Explicit cost=Incurred cost=$12,000Total…

Q: Variable Average Average Average Marginal Total Total Cost Fixed Cost Profit Cost Total Cost…

A: Answer to the question is as follows:

Q: 9. Average cost goes up when A. marginal cost goes up B. marginal cost goes down C. marginal cost…

A: There are different costs involved in the production process. Total cost, variable cost, average…

Q: The same firm produces 500 lawnmowers per week. It hires 20 full-time workers (40 hours/week) at an…

A: Given that, Units produced = 500 Here , hiring workers and raw materials are variable cost . Raw…

Q: Output Total Variable Marginal Variable Fixed Total (Q) Fixed Cost Cost Total Cost Cost Cost Cost…

A: Marginal cost is the additional cost incurred with an additional unit of output produced.

Q: 9. Costs in the short run versus in the long run Ike's Bikes is a major manufacturer of…

A: A company's production expenses, also known as product costs, are incurred when it manufactures a…

Q: 5. Costs in the short run versus in the long run Ike's Bikes is a major manufacturer of bicycles.…

A: Short run average total cost is $720 per bike. In the long run, it would like to produce using three…

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A: Hello. Since you have posted multiple questions and not specified which question needs to be solved,…

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A: Fixed Cost = 1450000 Selling Price = $17/pizza Variable Cost = $6.75.pizza

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A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

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A: AC(average cost) is the ratio of TC(total cost) and q(quantity). MC(marginal cost) is the derivative…

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A: Total Cost: Total cost is the sum of money spent to produce goods and services. IT refers to the…

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A: The total cost incurred by a firm operating in a market includes fixed costs and variable costs.…

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A: Total cost:Total cost for quantity 0 can be calculated as follows:

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A: Variable costs refers to those costs which depends upon the level of output. These costs increases…

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A: Total cost is the sum of fixed cost and variable cost. Fixed cost remains constant and does not…

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A: Represent the table showing the fixed cost and variable cost as follows:

Q: Costs in the short run versus in the long run Ike’s Bikes is a major manufacturer of bicycles.…

A: We can clearly represent the table as follows Here, the left most column represents the number of…

Q: A retail store realizes a gross profit of $51.24 if it sells an article at a margin of 31% of the…

A: As per the question, we are provided with some details: Gross profit = $51.24 Margin = 31% Overheads…

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A: STEP 1: The break point is the point where a firm neither earns profit nor incur loss. At this point…

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A: Formula used  Total Cost = Total Variable Cost + Total Fixed Cost Average Variable Cost = Total…

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A: Fixed cost of production is that portion or part of firm's costs which remains same at each level of…

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A: The average fixed cost (AFC) is the fixed cost that does not change with the change in the number of…

Q: 3. The annual revenue at Sunshine Restaurant in 2019 was $1,500,000. The fixed costs were $182,000…

A: The total cost incurred by a firm includes fixed costs and variable costs. Fixed costs are the costs…

Q: utput (unit) Total cost (RM) Total fixed cost (RM) Total variable cost (RM) Average fixed cost…

A: The firm is operating in the short run.

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A: The given constraints are k=1.5, g=3.5, f=500, M=20000 Total cost function…

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A: The sum of fixed cost and variable cost makes total cost.

Q: 5. Economies of scale occur when a. the long run total cost is decreasing b. the long run total…

A: Answer to the question is as follows :