Q: asing cost industry" Please explaing in
A: An ‘increasing -cost industry’ occurs due to entry of new firms for the increase(↑) in demand(DD).…
Q: what is cost and revenue analysis?
A: Cost refers to the money payment made to the factors of production which are involved in the…
Q: What is the equipment"s the initial cost?
A: Cost of product: The cost of a product refers to the actual amount that is spent to manufacture it.…
Q: TC 50 TR 40 30 otal cost (dollars per day)
A: Economic profit is zero when total revenue and total cost are equal to each other. Hence, there is…
Q: a. Calculate MC and MR.
A: Since you have posted a question with multiple sub-parts. We will solve the first part for you. To…
Q: If average revenue is $44 and output is 20 units Calculate total revenue
A: Given information, Average Revenue (AR)= $44 Total output (Q)= 20 units To find: Total Revenue
Q: Calculate average revenue when it is given that Total revenue is $70 and output is 5 units
A: Given information is as follows:- Total revenue = $70 Output = 5 units We need to find the value of…
Q: Explain the relationship between AC , AVC and the AFC theoritically. ( I don't need diagram )
A: # We know that the sum of TFC and TVC gives us the Total cost. TC = TFC + TVC Also the average…
Q: How do you find t, w, x, y, and z?
A: The table can be filled as follows.
Q: If output is 34 unit and total cost is $1300 Find average Cost
A: According to the question, the values given are:- Output = 34 units Total cost = $1300 We need to…
Q: sarah earns 400 per week and spends 15% of her earning on tranpotation every week
A: Given:- Earning per week= 400 Spend on transportation = 15%
Q: s selling 900 units of its product at a price of $10 per unit and earnin
A: Average total cost is the total of all expenses brought about to deliver a bunch, divided by the…
Q: Calculate total revenue for shoes firm whose profit is $400 and Total cost is $800
A: The data presented in the question above is:- Profit of the firm = $400 Total cost = $800 Total…
Q: You just received your midterm exam results andyour professor wrote the following note: “Youreceived…
A: In economics, positive statements are those that are objective as well as testable in nature. Such…
Q: Pays for each computer a cost f v=3, The fivm hes a produotiou function Y= k+2L and needs t prodwee…
A: Option a. If we put the values of option a then we get Y = 6 but we require Y = 12 . This is…
Q: TC=400+35Q-6Q2+0.1Q3 Draw TC, TFC, MC, and TVC schedule with graphs from Q=10 to Q=50
A: Total cost refers to the input cost that is incurred to produce output. Total fixed cost refers to…
Q: If a firm has total revenue of $30,000 for January and the cost for the month are $26000 Calculate…
A: The information being given is:- Total revenue for January = $30,000 Total cost for January =…
Q: Revenue, Cost MC AC AVC P AR = MR R P. Oufput
A: The firm for which is the graph is drawn in the above-given question is working in a form of market…
Q: The average cost is $13 and the output pro- duced is 10 units Calculate total cost
A: The information being given is:- Average cost = $13 Output = 10 units Total cost = ?
Q: AVC AFC Quantity
A:
Q: Distinguish between product costs and period costs?
A: The cost incurred after the product is sold is refers to period cost, which includes shipping cost,…
Q: The total cost to produce hundred motors bikes is $1000. Calculate the average cost of producing the…
A: Given information: Total number of motorbikes = 100 Total cost of production = $1000
Q: BridgeCo manufactures ar used struc standard size caseloads for a price of $4000. BridgeCo's fixed…
A: Price=$4000 Fixed Cost=$20,000 Variable Cost=$2000 (a) Total Revenue= Price*Quantity TR=4000*Q…
Q: What is a cost reduction?
A: Cost reduction is a procedure which is used by companies to reduce cost and increase their profits.…
Q: Profits for Mia's chocolate shop is $2300 Total revenue generated is $4100 Find the value of…
A: The information being given is:- Profit for chocolate shop = $2300 Total revenue = $4100 We have to…
Q: A publisher plans to sell 200,000 copies of textbook in a year. If it costs $3750 to set up a…
A: Given the information: Plan to sell copies = 200000 Cost to set-up printing = $3750 Cost to print a…
Q: Suppose we have another firm known as Sepanyan Corporation which makes a product known as Yeghias.…
A: It is given that the Total cost of the firm is equal to $10,000 and the fixed cost is equal to…
Q: The total revenue generated is $400 and the output is 12 units Find the value of average revenue
A: The information being given is:- Total revenue = $400 Output = 12 units We have to calculate the…
Q: Q VC AVC TC ATC MC $30 1 $40 $50 3 $80 4 $90 What are the fixed costs? If the firm can sell its…
A: To complete the table we need following formula Total cost = Fixed cost + Variable cost Average…
Q: Figue B-5 Avenge Total Cost ATGO ATCA ATC ATC -> N Quantity of Antomobilos r dov
A: Diseconomies of scale occurs when long run average cost decreases as more output is produced.
Q: ATC Avc K FOR EACH DAGRAM, FIND R 1.Quantity Hi 2. Prce IN 3. TR 4. Cost per unit 5 TC A 13 E F
A: NOTE: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
Q: TR= 40Q-3 fixal Lost: 30$ aue/ cach 1 unit losts 108 find muximum profit thcet can be obfainect?
A: Answer: Given, Total revenue function, TR=40Q-3Q2 Fixed cost=$30 Variable cost per unit=$10 To find=…
Q: Old MathJax webview VI ТР MP MP / С 40 (1) (2) 400 (3) 38,000 150 (4) 300 44,000 (5) (6) (7) 45,600…
A: Variable input: Variable inputs are the variable factor of production which is used in the process…
Q: The profit of a firm during the financial year is $1200 and cost incurred is $600. Find the…
A: Mark-up (over cost) = (Profit / Cost) x 100%
Q: 10. Smart Phones, Inc. buys one model of smartphone, paying $2370 per case of 20 phones. Find the…
A: The asking price signifies the price at which each unit of the firm's product is offered to the…
Q: In his request t. asked to pay E an appliance w What simple im
A: Given: Principal (P): 325,800.00 Interest (I): $ 34,317.60 Time = 60 dAYS
Q: tc(q)=4800+5q** find the ATC ATC=TC/q
A: TC= TFC+TVC where fixed cost is independent of output produced whereas variable cost varies with the…
Q: MC ATC d = M
A: Answer The correct option is 'option b' i.e, positive, new firms will enter the industry and…
Q: ment I lelhat as Cost Of producton.
A: The production involves producing the various goods and services. The production process would…
Q: It costs a baker a fixed cost of $420 and variable cost of $2.10 per cupcake.A cupcake is sold for…
A: The fixed cost is the cist which remains the same at all the levels of output for the firm. When the…
Q: modity modity is 1S: (a) Maximum (b) Falling (c) Constant (d) Rising
A: According to the given question The marginal utility of the commodity when no commodity is consumed…
Q: Complete the table (fill up the FC, compute for TC, MC, AC, AFC and AVC):
A: Since you have posted a question with multiple sub-parts, we will solve first three sub parts for…
Q: Output Output A B $
A: Variable cost refers to that part of cost which varies with the number of output produced.
Q: ATC MC 10 PRICE (Dollars per subscription) 8 8 R 8 8 9 8 &
A: A monopoly is the sole producer of a good thus having maximum market power hence will acts as a…
Q: Is Fuel a variable, fixed or overhead cost?
A: At the marketplace, when a firm produces a good and operates its business, there are different types…
Q: MC P4 ATC P3 AVC P2- P1- AFC Output
A: Part A: The perfectly competitive market has large numbers of buyers and sellers, and both these…
Q: .4 (Least squares) UpTop Mining has compiled the following data to analyz costs: onth Machine Hours…
A: Given data to analyse utility costs :
Q: Calculate the value of Average revenue for 4 units sold when the total revenue is $100
A: # we know that the average revenue is given by the ratio of total revenue and the total quantity…
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- AC and AVC can intersect each other. True/FalseThe difference between TC and TVC falls with increase in output True / False(You will need to use a spreadsheet to tackle these questions.) 1. How much of q can be produced for £60,000 if the total cost function is TC = 86 + 152q − 12q2 + 0.6q3? 2. What output can be produced for £150,000 if TC = 130 + 62q − 3.5q2 + 0.15q3? 3. Solve for x when 0 = −1,340 + 14x + 2x2 − 1.5x3 + 0.2x4 + 0.005x5 − 0.0002x6
- Seastrand Oil Company produces two grades of gasoline: regular and high octane. Both gasolines are produced by blending two types of crude oil. Although both types of crude oil contain the two important ingredients required to produce both gasolines, the percentage of important ingredients in each type of crude oil differs, as does the cost per gallon. The percentage of ingredients A and B in each type of crude oil and the cost per gallon are shown. Crude Oil Cost Ingredient A Ingredient B 1 $0.10 20% 60% 2 $0.15 50% 30% Each gallon of regular gasoline must contain at least 40% of ingredient A, whereas each gallon of high octane can contain at most 50% of ingredient B. Daily demand for regular and high-octane gasoline is 800,000 and 600,000 gallons, respectively. How many gallons of each type of crude oil should be used in the two gasolines to satisfy daily demand at a minimum cost? Round your answers to the nearest whole number. Round the answers for cost to the nearest…Short Grass Incorporated is a distributor of golf balls. Martin's Golf Supplies is a local retail outlet which sells golf balls. Martin's purchases the golf balls from Short Grass Incorporated at $1.15 per ball; the golf balls are shipped in cartons of 72. Short Grass Incorporated pays all incoming freight, and Martin's Golf Supplies does not inspect the balls due to Short Grass' reputation for high quality. Annual demand is 159,520 golf balls at a rate of 3,691 balls per week. Martin's Golf Supplies earns 10% on its cash investments. The purchaseminus−order lead time is one week. The following cost data are available: Relevant ordering costs per purchase order $132.00 Carrying costs per carton per year: Relevant insurance, materials handling, $0.87 breakage, etc., per year What is the economic order quantity? (Round costs to the nearest cent and quantities to the nearest whole number.)Total costs increase from $1,500 to $1,800when a firm increases output from 40 to50 units. Which of the following is true ifMC is constant?a. FC 5 $100b. FC 5 $200c. FC 5 $300d. FC 5 $400
- Pharmed Caplets is an antibiotic product with monthly revenues and Pharmed Caplets is an antibiotic product with monthly revenues and costs of:TR = $900Q – $0.1Q2 ………… TC = $36,000 + $200Q + $0.4Q2MR = ∂TR/∂Q = $900 – $0.2Q ……. MC = ∂TC/∂Q = $200 + $0.8QA. Set up a spreadsheet for output (Q), price (P), total revenue (TR), marginal revenue (MR), total cost (TC), marginal cost (MC), average cost (AC), total profit (π), and marginal profit (Mπ). Establish a range for Q from 0 to 1,000 in increments of 100 (i.e., 0, 100, 200, …, 1,000).B. Using the spreadsheet to, create a graph with MR, MC, and AC as dependent variables and units of output (Q) as the independent variable. At what price/output combination is total profit maximized? Why? At what price/output combination is average cost minimized? Why?C. Determine these profit-maximizing and average-cost minimizing price/output…HP has developed a new, high-end, high-resolution printer, which can print 40 pages per minute. Its market research identified two target segments of customers: 3,500 large businesses and 6,500 university labs. A large business has a valuation of $900 for the new printer, whereas a university lab has a valuation of $630. HP’s variable cost for the printer is $450/unit; all fixed costs are sunk. Assume that each customer needs at most one new HP printer (i.e., no customer will buy multiple units). (a) Suppose that HP cannot price discriminate the two segments of customers, i.e., it can charge only one price for its printer. What is HP’s optimal price for the new printer? What is its maximum profit? (b) Suppose that HP can install an extra chip in the printer to slow down printing to 15 pages per minute. Such a chip costs HP $20 to make and install for each printer. The slower version of the printer is valued at $700 by a large business customer and $600 by a university lab. With…Electrical Components Profit A company’s dailyprofit from the production and sale of electrical components can be described by the equation P(x) =6.45x - 2000 dollars, where x is the number of unitsproduced and sold. What level of production andsales will give a daily profit of more than $10,900?
- The effect to break-even sales when fixed costs increases while sales price and variable costs remain the same, Break-even sales in units and break-even sales in amount increase. Break-even sales in units and break-even sales in amount decrease Break-even sales in units and break-even sales in amount remains the same Break-even sales in units increases and break-even sales in amount decreases Group of answer choices 1 2 3 4Wiebe Trucking, Inc., is planning a new warehouse to serve the western United States. Denver, Santa Fe, and Salt Lake City are under consideration. For each location, annual fixed costs (rent, equipment, and insurance) and average variable costs per shipment (labor, transportation, and utilities) are listed in the following table. Sales projections range from 550,000 to 600,000 shipments per year. Location Annual FixedCosts Variable Costsper Shipment Denver Santa Fe Salt Lake City $5,000,000 $4,200,000 $3,500,000 $4.65 $6.25 $7.25 a. Plot the total cost curves for all the locations on a single graph. b. Which city provides the lowest overall costs?Bavarian Crystal works designs and produces lead crystal wine decanters for export to international markets. The production manager of Bavarian crystal works estimates total and marginal production cost to be: TC= 10,000+40 Q + 0.0025Q^2 And MC equals 40+0.005Q where cost are measured in US dollars in cuteness and number of wine decanters produced annually. Because Bavarian crystal works is the only one of many Christian producers in the world market, it can sell as many of the decanters it wishes for $70 apiece. Total and marginal revenue are: TR=70 Q and MR = 70 what is the optimal level are production of wine decanters? What is a marginal revenue from the last wine decanters sold? What part of total revenue, total costs, and net benefit (profit) from selling the optimal number of wine decanters? At the optimal level of production of decanters, extra decanted can be so for $70, thereby increasing total revenue by $70. Why does the manager of the firm not produce and sell one more…
