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- 3. Suppliers, inputs, processes, outputs, and customers diagram is useful when _______( shoose) a. There is a need for clarifying customer requirements. b. Responsibility of existing process c. You know your customers and they are clear to you. d. There is no existence of specifications inputs.Calculate total revenue given:- Profit = $500 Total cost = $1100Calculate accounting profit given:- Total revenue = $3000 Explicit cost = $3000
- FIND and graph the TC, AFC, AVC, AC, and MC from the following table. unit FC VC 0 $50 $0 1 $50 $40 2 $50 $60 3 $50 $75 4 $50 $90 5 $50 $140 Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Solution steps written on paper would be most helpful when allowing me to understand this type of practice problme pls in questions a,& b. thank you!DECREASING MARGINAL COST OCCUR FROM 0 TO20 TONS OF STEEL BECAUSE THE WORKERS A. WORK OVERTIME B. PRODUCE OUTPUT C. EARN A SALARY D. SPECIALIZE. ONLY TYPED SOLUTION
- # Units Produced Total Revenue Total Costs 0 0 200 1 600 660 2 780 720 3 840 780 4 890 870 5 910 980 How many units should the profit maximizing firm produce? a. 1 b. 2 c. 3 d. 4Calculate accounting profit if :- Total revenue = $3000 Explicit cost = $3000Direction: Solve the problems on the space provided after each number. Show your solutions. You can submit using messenger or using your VLE account. Take a photo of your answers if using messenger to submit. If using VLE, encode your answers and send as file. If profit is maximum at sales of 700 units, does the firm have no choice but to limit sales at this level? Explain your answer. A business firm produces and sells a particular product. Variable cost is P30/unit. Selling price is P40 per unit. Fixed cost is P60,000. What is the break-even quantity and break-even point? Show your solution. A manager makes the statement that output should be expanded as long as average revenue exceeds average cost. Does this strategy make sense? Explain. Suppose that the steel firm’s costs are shown below: Complete the table and determine the optimal output to be produced. Output (Q) TFC TVC TC MC TR MR Profit/Loss 0 500 0…
- 23 A West Coast refinery used the following stocks of oil in a production run of gasoline. The respective costs of these stocks are shown in the adjacent column. Barrels Unit cost Light Arabian crude oil 9,880 $79 High-sulfur Alaskan oil 49,810 55 Methyl alcohol from corn 1,420 85 Texas medium weight crude 19,050 65 The average cost per barrel is, a $62.08 b $60.87 c $59.67 d $58.50Economics of customer acquisition for fedex: 140 accounts in advertising industry use 2,285 courier paks (cp) per month cp price is $12.50 and variable cost is $4.25 retention rate = 0.9, discount rate = 12% what is the maximum fedex should be willing to spend to acquire a new account in this industry? what is the maximum that fedex should spend/customer per year to increase retention to 0.95? (could you show me it worked out? Thank you!) Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.ABC Company issued a payment for the suppliers of raw materials they used in producing their goods. Select the type of cost used in the situation. a. None of these b. Fixed cost c. Opportunity cost d. Variable cost