A production plant has the capacity to produce 2,000 tons per year. At full capacity, there are total variable costs of Php 100,000,000 and fixed costs of Php 35,000,000. a. What is the annual profit for the plant when working at full capacity (2,000 tons) and the product sells for Php 40 per pound? b. What is the total cost per pound at full capacity?
Q: 1. Measuring employment, unemployment, and labor force participation Consider a small economy…
A: Labor force is a part of adult population which is either employed or unemployed.
Q: Suppose demand for good X is given by the following equation: Qx= 12-2Px + 5Py Qx represents the…
A: The demand curve shows the relationship between price and quantity demanded. The rise in price leads…
Q: 3. A company wholesales shampoo in a particular city. Their marketing research department…
A: The law of supply and demand joins two fundamental economic standards portraying how changes in the…
Q: Can you solvie it step by step. Manually
A: Engineering economics entails a methodical analysis of the financial advantages of suggested…
Q: Consider 2 people: Jonathon already purchased a non-refundable ticket to a tournament basketball…
A: There is very important role of the type of cost to make decision. There are various types of cost…
Q: Industry Total nonfarm payroll employment Manufacturing Construction Trade, transportation, and…
A: It is discernible by: Total non farm employment in Oct 2017 = 147,234 Total non farm employment in…
Q: 1. What is a production possibility curve and explain points of efficiency, inefficiency, and not…
A: "Since you have asked multiple questions ,we will solve first question for you.If you want specific…
Q: Consider the supply and demand curves for taxi rides in the attached graph. At the equilibrium…
A: The marginal willingness to pay expresses the demand curve or the maximum price a consumer is…
Q: A restaurant frequently offers a special prix fixe meal and has been charging $120 per person for…
A: When the price is $120, the total customer in the restaurant is 40. Also, if the price is decreased…
Q: State Department's Blunt Appeal Heartens Couple Held in Qatar What are some of the cultural…
A: What are some of the cultural misunderstandings that led to the couple's arrest? The case has been…
Q: Market demand for the nuclear substance pluranium is given below, along with the TR for the given…
A: 3rd Degree price discrimination is a pricing practice in which monopolist charge different price…
Q: Which of these graphs shows how a contractionary monetary policy in Foreign affects its exchange…
A: When the central bank uses various policy options to decrease the supply of currency which includes…
Q: Consider the following normal-form game: L C U ?,? 0,8 M 8,0 2,2 D 2,4 4,4 R 4,4 10, 10 6,6 ill in…
A: Nash equilibrium points are those points at which none of the players have any incentive to deviate…
Q: Consider the following statements: (1) the MRS is the magnitude of the slope of an indifference…
A: An indifference curve shows the various combinations of two goods that give the consumer equal…
Q: With a inflow of migrants, the Rybczynski Theorem suggests : Group of answer choices a)…
A: Rybczynski Theorem is defined as a theorem which states that when the endowment a given resources…
Q: Marginal willingness to pay at a given quantity can be found by: A: Is given by the equilibrium…
A: Marginal willingness to pay is the price consumers are willing to pay for the amount of the good.
Q: 12. Government prefers to reduce imports with a tariff instead of a quota depends on whether A.…
A: We know that In an open economy, tariffs and quotas are the two types of trade barriers used by the…
Q: The graph below shows the budget lines and indifference curves for a consumer. Suppose that…
A: Ans. Under Consumer theory - The budget line and indifference curve approach The indifference…
Q: Complete the following table for a perfectly competitive firm and assume the firm can only produce…
A: The market is perfectly competitive. Therefore the firm is a price taker and profit maximization…
Q: Prepare a list of examples for the 3 sectors of economy. (Format is provided below) Sectors…
A: Economic activities are human activities that generate income. The three major categories of…
Q: 3 You are going to invest $30,000. Your goal is to double your investment in 10 years. At…
A: Question: 3 As given Investment amount is $30000 and investment will be double in 10 years. By…
Q: The city debates about how to attract more people to dine out in Sydney Nick is from sydney. Has…
A: According to suggestion A, 4 meal vouchers each worth $40(total $160) are provided per month to…
Q: Does the CPI’s use of a representative basket of goods imply that the CPI will accurately measure…
A: CPI is consumer price index , it measures the change in average price of the basket of goods. It…
Q: Public products should be on the vertical axis and private goods should be on the horizontal axis of…
A: A production potential curve displays all possible output combinations that can be created with the…
Q: Assume that a worker can either drive a delivery truck or paint houses in a given day. It takes 5…
A: Opportunity cost refers to the benefits of next best alternate which is sacrificed. The resources…
Q: Suppose a Utah bag shop, Wagner Bag Company, faces demand of q (P) = 10,000 - 20P and total costs of…
A: q = 10000 - 20P P = 500 - 0.05q C = 10000 + 25q
Q: What is the value of real GDP in 2019 if the GDP deflator is equal to 1.1 and nominal GDP is $21.5…
A: GDP deflator is used to measure the change in price level in entire economy. It helps to measure how…
Q: Venus Flycatcher Company sells exotic plants and is trying to decide which of two hybrid plants to…
A: We must determine the highest price customers would pay for an extremely accurate demand forecast…
Q: At mid-year 2018, the annual growth rate in Pakistan was 1.4%. What is your estimate of the per…
A: Gross Domestic Product (GDP) measures the value of final goods and services produced in a nation in…
Q: 10 basic goods and services needed by people
A: Goods:- It can be anything from supplies,merchandise, raw materials to already finished products.…
Q: Market demand for the nuclear substance pluranium is given below, along with the TR for the given…
A: Given:- Fixed cost=$60 Marginal cost=$20 Third degree price discrimination is seen where different…
Q: Let's say that two neighbors have a problem with one another. Johnson's dog (call him J-Dawg) keeps…
A: A) Table to display the results after the court grants Johnson's request for J-unrestricted Dawg's…
Q: The federal government changes its bank regulations in a way that makes it cheaper and easier for…
A: Here, it is given that the changes in the bank regulations by federal government will make it easier…
Q: The nominal interest rate is 7 percent and the inflation rate is 2 percent. What is the real…
A: The real interest rate is adjusted for removing the effects of inflation.
Q: List of the Six Macroenvironment Forces. Explain how you, as a business owner, adapt to each of the…
A: Microenvironment The environment that directly affects your business is known as the…
Q: Why do quality improvements probably lead to the CPI ovestating the inflation rate? The CPI…
A: In economics, consumer price index (CPI) is used as a tool to determine change in market value or…
Q: What are three policy solutions to lessen the economic consequences of inequality. Explain in…
A: Effectively reducing income inequality can be accomplished by cutting the lifestyles of the…
Q: You want to estimate the price elasticity of demand for pizza at the restaurant you manage. In…
A: Elasticity of demand measures the responsiveness of quantity demanded to changes in price.
Q: Increases in risky conduct as a result of efforts to make that behavior safer are referred to as…
A: Moral hazard refers to the potential that a party did not enter into a contract in good faith or…
Q: How can we prevent population growth? 1. 3. ti
A: Population growth is the increase in a population's or a dispersed group's size.The term "population…
Q: If nominal GDP was roughly $10,000 and the GDP deflator was 110 in 2016, real GDP is closest to a…
A: Real gross domestic product (real GDP), often referred to as constant-price GDP, inflation-corrected…
Q: Show on a supply and demand graph the impact of the following events on the equilibrium price and…
A: Market demand for a commodity can change as a result of a change in consumers income, their tastes…
Q: 2. Consider a Keynesian IS-LM model for national income: Y=C(Y-T)+1(r) +G L (r,Y)= M* Given: IS:…
A: The IS-LM model, which means "investment-savings" (IS) and "liquidity preference-money supply" (LM)…
Q: How is GDPaffected by the nominal and effective interest rates
A: Introduction GDP is the basic accounting measure of total goods and services produced in a economy.…
Q: b. Classify each of the following statements as positive or normative. Explain. i. Bahamas faces a…
A: "A positive statement in economics is descriptive in nature means a statement which explains or…
Q: A borrowed amount worth 4,250 Pesos is to undergo an interest of 6% during May 1,2021 until November…
A: The formula for simple interest rate is given by: SI = (PTR)/100 where P is the principal, T is the…
Q: What are the different phases in the typical business cycle
A: A business cycle explains and represents the fluctuations in the economic activity that occurs in…
Q: An employer agrees to a three-year wage deal to pay $20 an hour plus increases equal to the change…
A: C. The workers gain and the employer loses. The workers gain because they are getting paid more…
Q: The three people described in the following table are categorized as unemployed by the Bureau of…
A: When there is a mismatch between the skills that the jobless people possesses and the jobs that are…
Q: Consider the supply and demand curves for taxi rides in the attached graph. At at price of $1.30…
A: Producer surplus is the area above the supply curve and below the market price. It arises when…
Please provide a clear and complete solution. Answer fast for I have 30 minutes left. Thank you very much.
Step by step
Solved in 2 steps
- A production plant has the capacity to produce 2,000 tons per year. At full capacity, there are total variable costs of Php 100,000,000 and fixed costs of Php 35,000,000.a. What is the annual profit for the plant when working at full capacity (2,000 tons) and the product sells for Php 40 per pound?b. What is the total cost per pound at full capacity?ECONOMICS UPVOTE WILL BE GIVEN. PLEASE WRITE THE SOLUTIONS LEGIBLY. NO LONG EXPLANATION NEEDED. A production plant has the capacity to produce 2,000 tons per year. At full capacity, there are total variable costs of Php 100,000,000 and fixed costs of Php 35,000,000.a. What is the annual profit for the plant when working at full capacity (2,000 tons) and the product sells for Php 40 per pound?b. What is the total cost per pound at full capacity?Answer all parts please Go Green is a business selling worm farm start-up kit for $12 each. This year, Go Green's fixed cost totals $110,000. The variable cost per kit is $7. a. What is the break-even point in number of kits? b. How many kits does Go Green needs to sell to earn a profit of $70,000? c. If the total fixed cost increases to $160,000 next year: i. What will Go Green's break-even point be in number of kits? ii. What profit (or loss) will Go Green have if it sells 30,000 kits? iii. How many kits will Go Green have to sell to earn a profit of $70,000?
- My aunt is thinking of opening a simple café in your neighborhood. She estimates that it would cost Php120,000 per year to rent the location, plus another Php240,000 for the ingredients and labor per year. She wants to work as the cashier in the cafe but she would have to quit her job as an accountant where she is receiving Php20,000 per month. She expects a total sale of Php1M. Which of the FF. statements is correct? A. the total explicit cost is Php360,000 per year B. the total implicit cost is Php240,000 per year C. the accounting profit is Php640,000 per year D. all are correct E. none is correctA cell phone company has a fixed cost of $1,000,000 per month and a variable cost of $22 per month per subscriber. The company charges $33 per month to its cell phone customers. a.What is the annual breakeven point for this company? b. The company currently has 95,000 subscribers and proposes to raise its monthly fees to $39.95, what is the new annual break-even point if the variable cost increases to $25 per customer per month? c.lf 20,000 subscribers will drop their services because of mönthly increase in part (b), will the company still be profitable?A seasonal bus tour firm has 5 buses with a capacity of 60 people each. Each customer pays $25 for a one-day tour. Records show $360,000 in fixed costs per season, incremental costs of $5 per customer, and an average daily occupancy of 80%. The number of days of operation necessary each season to break even is closest to which value? (a) 50 days (b) 75 days (c) 100 days (d) 120 days?
- 2. A company is analyzing a make-versus-purchase situation for a component used in several products and the engineering department has developed these data: Option A: Purchase 10,000 items per year at a fixed cost of Php 340 per item. The cost of placing the order is negligible according to the present cost accounting procedure. Option B: Manufacture 10,000 items per year, using available capacity in the factory. Cost estimates are direct materials= Php 200 per item and direct labor = Php 60 per item. Manufacturing overhead is allocated at 200% of direct labor. Based on these data, should the item be purchased or manufacture? (please include the solution for the overhead cost)A company has a production capacity of 500 units per month and its fixed costs are P250,000 a month. The variable costs per unit are P1,150 and each unit can be sold for P2,000. Economy measures are instituted to reduce the fixed costs by 10 percent and the variable costs by 20 percent. Determine the old and the new break-even points. What are the old and the new profit at 100 percent capacity?A man is considering investing P500, 000 to open a semi-automatic auto-washing business in a city of 400, 000 population. The equipment can wash, on the average, 12 cars per hour, using two men to operate it andto do small amount of hand work. The man plans to hire two men, inaddition to himself, and operate the station on an 8-hour basis, 6 days perweek, 50 weeks per year. He will pay his employees P25. 00 per hour. Heexpects to charge P25. 00 for a car wash. Out-of-pocket miscellaneouscost would be P8, 500 per month.He would pay his employees for 2 weeks for vacations each year.Because of the length of his lease, he must write off his investment within 5years. His capital now is earning 15%, and he is employed at a steady jobthat pays P25, 000 per month. He desires a rate of return of at least 20% onhis investment. Would you recommend the investment?a) Use ROR methodb) Use Annual Worth methodc) Use present worth methodd) Use future worth methode) Solve for the payback period and the…
- Present Economic Study. All answers must be in 4 decimal places. ASUS manufactures 1,000,000 units of netbooks yearly. A new design or the product will reduce material cost by 12%, but will increase processing cost by 2%. If materials cost is Php 1.20 per unit and processing will cost Php 0.40 per unit, Can the company afford to pay for the preparation of the new design and making change in equipment?ABC Corporation manufactures a certain product that sells for P5,000 each. The company’s maximum production capacity is 360 units per year. At present it is able to produce and sell 280 units a year. The cost to manufacture each product is P2,400 and the fixed operating cost per year is P520,000.1. What is the break – even sales volume of the product per year?2. What is the profit per year based on the present production – sales status?3. What is the loss if only 150 units were produced and sold in a year?The cost of producing 30 small fiberglass sailboats per year, and the cost of producing sails and fittings necessary to make the boats seaworthy in a single plant, are together R480,000. If produced in separate plants, the boats would cost R340,000, and the sails and fittings would cost R120,000. From this information, what can be learned about (1) economies of scale and (2) economies of scope in the production of sailboats, sails, and fittings? Perform any necessary calculations and explain.