A manufacturer of scrapbook kits has a fixed cost of $30,000. This manufacturer expects to sell 6,000 scrapbooks for $17.50. This price will give the manufacturer a 20 percent markup on price. Calculate the  variable costs

Q: A firm's average total cost of production is Rs.300 at 5 units of output and Rs.320 at 6 units of…

A: A firm's average total cost of production is Rs.300 at 5 units of output and Rs.320 at 6 units of…

Q: For a juice shop the accounting profit is $780 and the explicit cost is $300 Calculate the total…

A: here we calculate the Total revenue by using the accounting profit and explicit cost so the…

Q: The firm has total fixed costs of $9 and a constant marginal cost of $3 per unit. The firm will…

A: Here, total fixed cost of a firm is given as $9 and constant marginal cost is given as $3 per unit.…

Q: average total cost and what is the average variable cost I put what I thought the answers could be.

A:

Q: Ajax Cleaning Products is a medium-sized firm operating in an industry dominated by or wall scrubber…

A: The marginal cost is the additional cost incurred when the producer of the good produces an addition…

Q: What is the price?  to make it breakeven

A: Average cost is total cost divided by total production while marginal cost is the change in total…

Q: It costs a publishing company 50,000 dollars to make books. The 50,000 is a fixed cost. To help the…

A: Given; Fixed cost= $50000 Marketing cost of selling each book= $4 Price of 1 book= $9

Q: OHaganBooks.com generates revenue through it o'Books e-book service. Author royalties and copyright…

A: Profit is the difference between the associated cost and total revenue earned. Let us assume that…

Q: Find the following four break-even points in humber of hours: Shutdown point: Break-even at costs:…

A: Break-even point is the point at which total revenue equals total costs or expenses. Here, we…

Q: conomist estima Cost function of a single-product firm C(Q) = 100 + 20Q + 15Q2 + 10Q³ Based on this…

A: Variable costs are any expenses that change based on how much a company produces and sells. This…

Q: The firm will maximize its profit at a quantity of units. After choosing the profit maximizing…

A: Since we only answer up to 3 sub-parts we will answer the first 3. Please resubmit the question…

Q: A recently graduated music major wants to open her open Music Lesson business. She is looking at…

A: Number of lessons = 50 Variable cost = $30 Fixed cost = $1500

Q: If the firm is maximizing its profits when the price is $12, its total cost is: a) $1200 b) $700…

A: A competitive firm maximizes profit by producing at P=MC

Q: f current output is less than the profit-maximizing output, then the next unit produced

A:

Q: SleazeCo manufacturers wind turbines (that produce electricity) for sale in Texas. They currently…

A: Given Information Demand curve of SleazeCo P = $350,000-5q Marginal Revenue function  MR = $350,000…

Q: Total Cost Output (Units) ($) 50 10 120 20 170 30 210 40 260 50 330 60 430 Total costs include a…

A: MC = Change in TC / Change in Q ATC = TC / Q Q TC Change in TC Change in Q MC ATC 0 50…

Q: Melvin manufactures a single product. Total cost per unit is $70 when production is 100 units per…

A: Total cost per unit if production is 100 units per week = $70 Total cost of 100 units per week =…

Q: You own a business that sells coffee beans and coffee gift packs. You have the following information…

A: Fixed cost is the cost that remains same irrespective of the level of output i.e. it does not varies…

Q: OHaganBooks.com generates revenue through it o'Books e-book service. Author royalties and copyright…

A: We are going to solve for profit maximisation to answer this question.

Q: If the firm produces 4 units of production at a price of 8 monetary units each, and the total fixed…

A: The difference between total cost and total revenue decide whether there is economic profit or…

Q: Shopify, a well known Canadian firm is currently maximizing profit. If that is the case, Shopify…

A: Given: Canadian firm is maximizing profit.

Q: Price Quantity Total Revenue Fixed Cost Variable Cost Profit (Dollars per blender) (Blenders)…

A: Total revenue = PRice * quantity VC = AVC * Quantity (do confirm AVC when price is 100,here i…

Q: If a firm makes zero economic​ profit, then the firm A. has total revenues greater than its…

A: The difference between the total revenue received by the firm from its sales and the total…

Q: A company manufactures and sells cell phones. They sell the phones to a wholesaler for $250 each.…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: he variable cost to make a certain product is $71 per unit. Research indicates that the lowest price…

A: Given, VC = $71 per unit Lowest price = $156

Q: Peter runs a small local newspaper company. He can sell a newspaper at $2. He has fixed costs of…

A: The total revenue is the total receipts collected from the sale of goods and services in the market.…

Q: If the price of catfish changed from $13 to $14 per bushel, determine the Assessment Tool iFrame…

A: When price increases from $13 to $14:- Number of bushels Price  Total Revenue Total Cost Total…

Q: Vegemite has been recently introduced to the Chinese market. It sells for the equivalent of $2 per…

A: Given  Price of vegemite (P)=$2 per jar Variable cost of vegemite VC = $0.50 per jar Fixed cost (FC)…

Q: Variable costs usually change as the firm alters the quantity of output produced. True False

A: A variable cost  may be a company expense that changes in proportion to what proportion a…

Q: Tim Marlow, the owner of The Clock Works, wanted to know how many clocks he must sell in order to…

A: Fixed costs are the costs that are incurred by the producers that do not change with the increase or…

Q: Turner Overdrive produces 670,000 transmissions with a fixed cost of $8.2 million. It's average…

A: Average fixed cost is the fixed costs of production divided by the quantity of output produced.…

Q: The wholesale cost of a birdcage is $55. The original markup was 46% based on selling price. Find…

A: Wholesale cost of birdcage (C) = $55 Let's assume P is selling price.  --- The original markup was…

Q: Marginal cost is defined by:  (a)  total cost increases when one more unit is produced. (b)  fixed…

A: Answer - 1. (a) Total Cost increase when more unit is produced.  Reason - Marginal cost is defined…

Q: Total cost of the firm to produce 50 Pens is 100 dollars with variable cost 25 dollars. Calculate…

A: The total cost of producing pens = $100 Variable costs of producing pens = $25

Q: Danilo and his wife operate a restaurant where they sell all their meals for $14.00 each. The markup…

A: Selling price per meal = $14 Markup price on each meal = $5 Overhead expenses = 19% of cost

Q: A company has a linear total cost and a linear total revenue, where the slope of the revenue line is…

A: The break even point of a firm occurs when the total revenue equals total cost. The total cost curve…

Q: A firm's average total cost of production is Rs.300 at 5 units of output and Rs.320 at 6 units of…

A: Marginal cost represents the additional cost that the firm must incur when it produce one extra unit…

Q: Given total revenue (TR) and total cost (TC) functions as 2. TR 14000Q-6Q and TC 1500+80Q. Find the…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: A cookie company can produce 500 cases of chocolate chip cookies a week at a total cost of $3,000…

A: According to the question, it is given that : A cookie company can produce chocolate chip cookies…

Q: Tiger-el is an upstream manufacturer of electric trains that sells wholesale to Ihe Great Toy Store,…

A: Given information Upstream manufacturer = Tiger-el Retail store= Great toy store Retail demand curve…

Q: A privately owned summer camp for youngsters has the following data for a 12-week session.(a)…

A: It is given that the charge per camper is $480 per week. So, one session consist of 12 weeks. The…

Q: The Finger Lakes region in New York State produces wine. The climate favors white wines, but reds…

A: In a market, when a firm or an individual make production of output to sell it in the market, they…

Q: Discuss the impact of Covid-19 on the profitability of the airline industry – general and low-cost…

A: The global aviation industry is engaged in the assembly, manufacture and operation of various…

Q: Yaster Outfitters manufactures and sells extreme-cold sleeping bags. The table below shows the…

A: Given,  x is sleeping bags p is price and  c is cost

Q: A firm in the airline industry has a marginal cost of $200 and charges a price of $300. What are the…

A: Lerner index can be calculated as follows:

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: TNT Construction wants to sell dynamite for $50 a bundle. Its variable costs for each bundle are…

A: Break even point is reached where total revenue equals total cost.