3.1 Demand for an item is constant at 1,000 units a year. Unit cost is £50, Rc reorder cost is £100, holding cost is 25 per cent of value a year and no shortages are allowed. Describe an optimal inventory policy for the item. What order size will give a variable cost within 10 per cent of optimal? What is the cost if suppliers only make deliveries of 200 units? C
Q: You own a hamburger franchise and are planning to shut down operations for the day, but you are left…
A: * ANSWER :- * According to guidelines I have answered one question ie first question only... please…
Q: Q 3 4 5 solution needed 1) Using the scenario listed below Figure 1, write a demand function…
A: The given demand function is, QAW=-150,000-2,400PAW+1,520PGearS+1,200PPebble-1,200PiPhone6+44A
Q: Refer to the table below Quantity 0 1 2 3 4 5 Price $10 $10 $10 $10 $10 $10 $10 $10 8 $10 If the…
A: Total revenue is the product of price and quantity
Q: Hardware, a small family-owned store in Middletown, sells a 100-pack of garnet sandpaper for $35.…
A: The rivalry between firms that offer related goods and services to gain growth in sales, benefits,…
Q: TOTAL PROFITS UP OR DOWN? Kiran's Kandles sells a bathroom candle set for $37.25. The variable cost…
A: The elasticity of a good is used to measure the responsiveness of consumers to the demand of a good…
Q: Analyze factors that impact business strategy within VR, AR and MR
A: Virtual reality(VR), augmented reality(AR), and mixed reality(MR) are boosting productivity in a…
Q: What fundamental economic theories and analytical techniques should managers employ to discern amid…
A: The ability to observe, understand, and predict economic activity is made possible by an economic…
Q: 1. The Zinger Company manufactures and sells a line of sewing machines. Demand per period (Q) for a…
A: Profit can be calculated by subtracting the total cost from total revenue. This can be written as…
Q: Explain why automobile manufacturers produce their own engines but purchase mirrors from independent…
A: The automobile manufacturers produce their own engines but purchase mirrors from independent…
Q: 1. The Zinger Company manufactures and sells a line of sewing machines. Demand per period (Q) for a…
A: According to the question, the demand curve and cost curves are given as Q = 400 – 0.5P TC = 20,000…
Q: d. Assuming the price of a quantity sold is Php11.50, indicate the profit (or loss) per number of…
A: The total cost, total fixed cost, total variable cost, average cost, average fixed cost, average…
Q: City Condos Construction, CCC, obtained a loan to purchase city land for a premium condominium…
A: The above model hypothesizes an equilibrium of condo floors in a competitive market. MC = marginal…
Q: plain Marketing environment (micro and macro) that affect the OMAN LNG company's product / services?
A: In Marketing environment forces are very important for the successful establishment of the product…
Q: The table below shows the monthly cost of producing vintage model cars for collectors for quantities…
A: Here, the given table shows the value of total fixed cost, totla variable cost, and total cost are…
Q: Price and cost per unit MC e P4 ATC a P, Demand MR Q, Q, Q, Quantity
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: PakPerfect Inc. estimates equation of its total costs of production as TC = 500 + 10Q + 5Q2 and…
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: Assume John sells milk at AUD2.50 per litre. Also, assume John sells each pizza at AUD 10.00.…
A: Price of milk=AUD 2 50 per litrePrice of Pizza=AUD 10.00 Let the quantity of milk be X and pizza be…
Q: 28. Marginal cost is greater than marginal revenue beyond output 320. True False 29. At 100…
A: Profit is equal to total revenue (TR) minus total cost (TC) in the total revenue-total cost…
Q: Can you answer me as soon as possible , urgentttttt!!!!!!!!!!! Bodyguard Ltd. was established in…
A: An ethical dilemma, also known as an ethical paradox or a moral dilemma, is an issue that arises in…
Q: 3. Kosar Manufacturing has collected the following information on one of its major products. Most…
A: Total cost and total inventory cost and back order cost is showing below in the spread sheet.
Q: Your marketing department has identified the following customer demographics in the following table.…
A: Given: MC = $1 Group Value Frequency Baby Boomers $5 20% Generation X $4 10% Generation Y…
Q: Consider a new business that invests $20 million into a plant to manufacture loaves of bread. The…
A:
Q: A Caterpillar tractor one of the largest farm machinery in the world has requested for your services…
A: Meaning of Monopoly: The term monopoly refers to the situation under which there is only an…
Q: I Auto can produce any quantity of cars at a constant marginal cost equal to $100 and a total foced…
A: Given; Marginal cost= $100Total fixed cost=$10000Demand for LI Auto in Europe; QE=6000-8PEDemand for…
Q: Phoenix Electricity is the only company providing electricity in City H. Suppose Phoenix Electricity…
A: Phoenix electricity acts as a natural monopolist in the electricity sector. The average costs keep…
Q: What is the rule in using the marginal analysis in making the optimal decision? a. the optimal…
A: The additional benefits obtained from an activity are compared against the increased cost incurred…
Q: You own an apartment building with 25 rental units renting at current market rate for $2500 a month…
A: Total revenue = price*quantity
Q: Your food - services company has been named as the sole provider of meals at a small university. The…
A: A single good seller is a monopoly which maximizes profit by producing at MR =MC
Q: Indicate on the graph the areas that represent Total Revenue, Total Cost, and Profit. a. When P>ATC…
A: The different types of costs used by the firms to gauge their profitability are total cost, marginal…
Q: 1. Suppose there is a firm called Sebastian Industries that produces a product known as “Ortizs”. At…
A: We answer only one question at a time. Since the second question is a sub-part of the first…
Q: 8. The Uniqlo, a retail company, sells a product at P400 per unit, selling all that is produced.…
A:
Q: Considering retailing, which of the following best defines assortment of merchandise? O The number…
A: Retailing is a business term that defines an activity under which an agent sells products and…
Q: Q17 Economies of scope is one of the two key factors in determining whether a corporate strategy is…
A: Q17. Economies of scope is one of the two key factors in determining whether a corporate strategy is…
Q: Solve the attachment
A: The income received by the producers after paying for all the raw materials used to produce the…
Q: Your marketing department has identified the following customer demographics in the following table.…
A: Given: MC = $1 Group Value Frequency Baby Boomers $5 20% Generation X $4 10% Generation Y…
Q: Assume Allergan, Inc. is facing a capacity constraint in manufacturing Botox®. Analytically, this…
A: Elasticity of demand: Elasticity of demand can be defined as the degree of the change in the price…
Q: QUESTION 4 The cafe manager thinks that break-even calculations could help with their pricing…
A: Given:Projected units=4000 Fixed cost=$12000 Variable cost=$0.60Now,Break-even price=Variable…
Q: Describe Mixed strategy and Level strategy using graphs, and compare in a table the impact of these…
A:
Q: 1. The Zinger Company manufactures and sells a line of sewing machines. Demand per period (Q) for a…
A: Profit function can be written as π = Total revenue - Total Cost
Q: A publisher for a promising new novel figures fixed costs (overhead, advances, promotion, copy…
A: We are going to solve for break-even point to answer this question.
Q: 3. Assume that you are an economic consultant. The firm that hired you has provided the information…
A: Here, the information related to price, quantity and cost of a firm is given by the economic…
Q: Quantity Total Revenue Marginal Cost $0 1 $10 $2 2 $20 $4 3 $30 $6 $40 $8 5 $50 $12 $60 $14 7 $70…
A: In the question above, it is given a table with Quantity, Total revenue and Marginal Cost. Fixed…
Q: Maximum Revenue Jesaki Electronics manufactures and sells a smartphones per week. The weekly…
A: Given Demand function smartphone: p=536-0.40x ............ (1) and cost function: C(x)…
Q: Your food-services company has been named as the sole provider of meals at a small university. The…
A: sold per day price per meal($) total fixed cost($) total variable cost($) total revenue($) 0 3.50…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Hau Lee Furniture, Inc., spends 60% of its sales dollars in the supply chain and has a current gross profit of $10,000. Hau wishes to increase gross profit by $5,000 (50%). He would like to compare two strategies: reducing material costs vs. increasing sales. The current material costs and production costs are 60% and 20%, respectively, of sales dollars, with fixed cost at a constant $10,000. Analysis indicates that an improvement in the supply chain that would reduce material costs by 8.3% ($5,000/$60,000) would produce a 50% net profit gain for Hau, whereas a much larger 25% increase in sales ($25,000/$100,000) would be required to produce the same result. Now Hau finds its current profit of $10,000 inadequate. The bank is insisting on an improved profit picture prior to approval of a loan for some new equipment. Hau would like to improve the profit line to $25,000 so he can obtain the bank’s approval for the loanWhat percentage improvement is needed in the supply chain strategy for…Management believes it can sell a new product for $8.50. The fixed costs of production are estimated to be $6,000, and the variable costs are $3.20 a unit. Complete the following table at the given levels of output and the relationships between quantity and fixed costs, quantity and variable costs, and quantity and total costs. Quantity Total Revenue Variable Costs Fixed Costs Total Costs Profits (Loss) 0 500 1,000 1,500 2,000 2,500 3,000 Determine the break-even level using the above table and use the following Equation to confirm the break-even level of output. PQB = FC + VQB PQB - VQB = FC QB (P-V) = FC QB = FC P-V What would happen to the total revenue schedule, the total cost schedule, and the break-even level of output if management determined that fixed costs would…Given information: Fixed factory overhead costs: $60,000 Fixed selling overhead costs: $12,000 Variable manufacturing cost per unit: $12 Variable selling cost per unit: $3 Selling price per unit: $24 4. What would the sales price be if wanting to earn $90,000 profit, but capacity is constrained at 8,000 units? Explain how you calculated your answer. 5. How can going through these calculations aid a manager in managing the business? Provide a complete, well written explanation.
- A computer company produces affordable, easy-to-use home computer systems and has fixed costs of $250. The marginal cost of producing computers is as indicated below. Output Fixed Cost Variable Cost Total Cost Marginal Cost Average Cost Average Variable Cost 1 $250 $700 $950 $700 2 $250 $925 $1175 $225 3 $250 $315 4 $250 $360 5 $250 $400 6 $250 $450 7 $250 $550 If the company sells the computers for $550, is it making a profit or a loss? How big is the profit or loss? If the firm sells the computers for $315, is it making a profit or a loss? How big is the profit or loss? We expect the marginal cost to increase as this firm produces more computers. But when the firm shifts from producing 1 to 2 computers, marginal cost falls. What might explain this?eBook Problem 19-03 A firm has the following total revenue and total cost schedules: TR = $2Q. TC = $5,500 + $1.3Q. What is the break-even level of output? Round your answer to the nearest whole number. units What is the level of profits at sales of 8,600 units? Round your answer to the nearest dollar. $ As the result of a major technological breakthrough, the total cost schedule is changed to: TC = $6,500 + $0.8Q. What is the break-even level of output? Round your answer to the nearest whole number. units What is the level of profits at sales of 8,600 units? Round your answer to the nearest dollar. $Jims diner is just about to open in memphis, tennessee. however, jim is trying to decide whether he wants to offer coke or pepsi soda products. he determines that, to offer either product, he will have to spend $1500 in sunk costs to purchase and install the appropriate paraphernalia. Ultimately, he chooses to offer coke products and agrees to pay coke 5 cents per ounce of coke sold for the right to use its product. After jim makes the investments specific to his soda choice, coke returns and asks for a fixed (One-time) fee in addition to 5 cents per ounce. What is the most jim should be willing to pay? explain
- 1) A manufacturer of kitche. Appliances is preparing to set the price on a new blender. Demand is thought to depend on the proce qnd is represented by the following model. D= 2,800-4p The accounting department estimates that the total cost can be represented by the following model. C=4,700+5D Develop a mathematical model for the total profit of TP in terms of the price, P. A mathematical mod for the total profit in terms of the price P is TP= ______You own an apartment building with 25 rental units renting at current market rate for $2500 a month each . Annual fixed costs for property tax , mortgage , insurance , and maintenance is $ 400,000 . Plus you have variable costs averaging $500/month per unit 1/ What is your total revenue ? 2/ What are your total costs ? 3/ What is your annual profit ? hand work only!! show the formula you usedQ2.The management of an ‘Electronic Goods’ manufacturing company asked you to give an advice about changing its current production plan, given the following information:- Annual production plan of computers is 4200 computers.- Total cost of production is OMR 824000.- Fixed cost is OMR 320000.- Revenue function: R = 460.2Q – 0.05Q2 1-Use the above information to formulate the price function and the total cost function, and determine the following: 1) Profit-maximizing quantity.2) Profit-maximizing price.3) Maximum profit value.4) Revenue-maximizing quantity. 2-Should the company change its current annual production plan of computers in order to maximize its profit?
- Q 3 4 5 solution needed 1) Using the scenario listed below Figure 1, write a demand function where demand for Apple Watch is a function only of the price of Apple Watch. 2) Estimate the average variable cost from Exhibit 2 and section on cost considerations. What assumptions underlie the estimate? 3) What is your best estimate of marginal cost? What assumptions underlie the estimate?4) Assume Apple incurs a fixed cost of $1million. Use the previous estimated demand function and cost estimates to find the profit maximizing price. Would you recommend that Apple raise or lower prices from $349?5) What is the revenue maximizing price? Is this higher or lower price compared to the one that maximizes profits?6) Suppose fixed costs increase to $5 million. What is the new profit maximizing price? Is it higher, lower, or the same as before?Required information Skip to question An image shows the curves of MC, ATC, and AVC.Image shows the bar graph which represents the cost data but in their the curves are also shown in the terms of MC, ATC , AVC. At x-axis shows the Quantity and at y-axis shows the Costs. Refer to the graph above to answer this question. At what output does excess capacity exists? Multiple Choice 180. 200. Any output above 180. Any output below 180.Required information Refer to the graph above to answer this question. At what output does excess capacity exists?Required information Skip to question An image shows the curves of MC, ATC, and AVC.Image shows the bar graph which represents the cost data but in their the curves are also shown in the terms of MC, ATC , AVC. At x-axis shows the Quantity and at y-axis shows the Costs. Refer to the graph above to answer this question. At what output does excess capacity exists? Multiple Choice 180. 200. Any output above 180. Any output below 180.Required information Refer to the graph above to answer this question. At what output does excess capacity exists? GIve me correct answer with calculation adn full explanation oterwise i give multiple downvote