Calculate the time required to produce the hundredth unit of a production run if the first unit took 32.0 minutes to produce and the learning-curve rate for production is 80%.

Q: What is the value of the exponent in the costcapacity equation if a pump half the size of a similar,…

A: The value of correlation exponent can be calculated as follows:

Q: The manufacturer produces certain items at a labor cost per unit of 315, material cost per unit is P…

A: The breakeven point is the level of production at which the costs of production equal the revenues…

Q: . The short run Is less than one year Requires that at least one input is fixed

A: To find : The short run.

Q: Compare and contrast economies of scope and economies of scale. Be sure to include outside sources.

A: Average total cost signifies the amount of dollars expended on developing an average unit of the…

Q: For a cost function C = 100 - 100 - 02 the average variable cost of producing 20 units of outout is

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: The total cost (in dollars) of manufacturing x auto body frames is C(x) = 40,000 + 300x. (A) Find…

A: The total cost incurred by a firm operating in a market includes fixed costs and variable costs.…

Q: Find the fixed cost if the total cost are 530 and the variable cost are 42

A: As per the question Total cost = 530 Variable cost = 42 Fixed cost = ?

Q: Using the Unit Method preliminary cost evaluation technique. Find the total cost of constructing 22…

A: Unit Method is a very simple and quick method. Number of units are counted and are then multiplied…

Q: What will be the value of  average cost if Total cost is $405 and the output is 30 units

A: The data presented in the question above is:- Total cost = $405  Output = 30 units  We need to find…

Q: The average cost function is given as:- AC = 2.5Q2 - 40  Calculate the average cost for the 8th…

A: The information provided to us is as follows:- AC function is:- 2.5Q2 - 40 Also the quantity is 8…

Q: Economics In one company it was calculated that producing 20 units 7 years ago would cost the…

A: Introduction Cost capacity equations also known as sizing model. Capacity cost is an expenditure or…

Q: If the total fixed cost is given as $320 And the total variable cost is given as $ 480 What would be…

A:

Q: Find the minimum value of the average cost for the given cost function on the given intervals. C(x)…

A: (a) C(x) =x3+28x+128minimum value of the average cost over the interval 1≤x≤10Finding out average…

Q: Find variable cost if total cost and total fixed cost are $440 and $80 respectively

A: The information being given is:- Total cost = $440  Total Fixed cost = $80 We have to calculate…

Q: True or False Total cost can increase as a result of an increase in variable cost.

A: Total cost It refers to all of the costs and expenses incurred throughout the manufacturing process.…

Q: Find the total cost if the fixed cost are 1349 and the variable cost are 533.

A: Fixed cost=1349 Variable cost=533

Q: A Company produces 100 pendants per day. The total fixed cost for the plant is $5000 and the total…

A: The estimated average total cost (ATC) is equal to the total fixed and variable costs divided by the…

Q: Total fixed cost is 90, complete the following table: Output (Units). MC 10 20 15 AVC () -

A:

Q: Consider the long run total cost function LRTC = 30*Q - .006*Q2 + .00001*Q3. What is Q when LRAC…

A: The cost function that represents the total cost of production for all goods produced is known as…

Q: The total cost (in dollars) of manufacturing x auto body frames is C(x) = 80,000 + 900x. (A) Find…

A: (A) The average costs refer to per unit cost of production. It is obtained by dividing total (TC)…

Q: out the following cost chart. Round to the nearest tenth.

A: Every production unit incurs certain amount of costs for production. They have to buy raw materials,…

Q: The equipment cost for removing arsenic from a well that delivers 800 gallons per minute is $1.8…

A: Given:- The equipment cost is given as $1.8 million or $1,800,000 The overall cost factor is 2.25.…

Q: A small company produces organic cookies. When the price is $9.00 per dozen, the average daily sales…

A: TR=p*qTR=p*x (quantity is expressed in terms of x)TR=xpNow,TC=FC+VCTC=55+(0.70x) .....…

Q: A specialty bicycle manufacturer has determined the cost function for manufacturing is given by C(x)…

A: Total cost is the sum of fixed cost and variable cost. And marginal cost refers to the cost which is…

Q: What will be the average fixed cost if TFC Is $350 and the output is 50 units

A: Fixed cost is the cost that remains fixed at all levels of output. This is the cost that is…

Q: An input combination described in the 2 points: point A (L=10, K=15) and point B (L=10, K=17) can be…

A:

Q: Calculate the average fixed cost when the total fixed cost are given as $2100 and the number of…

A: Basically in the given question Total fixed cost = $2100 Number of units produced = 30 units Average…

Q: Mountain Cycle specializes in making custom mountain bikes. The company founder, P. J. Steffan, is…

A: Break-even point in units = Fixed Costs ÷ (Sales price per unit – Variable costs per unit) Given…

Q: The total cost (in dollars) of manufacturing x auto body frames is C(x) = 30,000 + 200x. (A) Find…

A: Total cost : C(X)= 30000+ 200x Average cost is given by : total cost / output So in the above…

Q: When all the unit cost curves are below the MC curve, the AVC and AC curves are declining.

A: Ans. in step 2

Q: N fixed cost at Q 100 is $170, then: a. fixed cost at Q3D0 is zero b. Exed cost at Q=0 is less than…

A: Fixed cost (FC): - it is the cost incurred on the fixed capital assets like land, building,…

Q: Refer to Table Cost.EX2. When production is 4 units, the firm's average total cost is about

A: Average Total Cost = (Total fixed cost + Total Variable Cost) / Output

Q: The average cost function is:- 21Q - 33 Calculate the total cost function

A: We are given that the average cost function of the firm is as :- 21Q - 33 We need to calculate the…

Q: A cost function, Cix), is given below. Find the average cost per item when the required number of…

A: A cost function is a mathematical formula that illustrates how manufacturing costs change in…

Q: If average cost function is :- 13Q - 54  Find the total cost function

A: The average cost function of the firm is given to us:- 13Q - 54 We are supposed to find the total…

Q: A New York renewable energy company pays $0.18 per kilowatthour (kWh) for the first 10,000 units of…

A: Given,   Electricity used = 25,000 kW/month  Cost of 1st 10,000 units = $0.18 per kilowatt hour…

Q: Fixed cost is a. Any cost that does not vary with the quantity of output. b. The ratio of total cost…

A: Companies have different costs linked to their company. These expenses are broken down by the…

Q: If the total fixed cost is 4400 and the number units is 10 units find the average fixed cost?

A:

Q: Write the MC function if the total cost function is TC = 100 + 120q + q^2

A: Given the total cost: TC = 100 + 120q + q2 MC = dTCdq

Q: Given the Total cost Function, TC = 5,600 + 27Q - 6Q² - .5Q³, solve for AC, MC, AVC and AFC

A: Formula to calculate:- 1) Average Cost AC=TCQ 2) Marginal Cost MC=dTCdQ 3) Average variable cost…

Q: The cost for implementing a manufacturing process that has a capacity of 6000 units per day was…

A: Capacity (CA) old machine is 6,000. Cost of old machine (C) is $550,000. Capacity (CA) of new…

Q: An operation with a learning rate of 0.2 takes 5 hours for the first iteration. How long will it…

A: Given:- Learning rate=0.2 Time for first iteration=5 hours To know:- Time to complete task for 2nd…

Q: he time to assemble the first unit on a production line is 11 hours. The learning rate is 0.86.…

A: Given: First Unit (T₁) = 11 We need to find T5 (fifth unit). Formula for the learning curve would be…

Q: An assembly line robot arm with a first cost of $75,000 in 2001 had a cost of $89,750 in 2017. If…

A: Cost (C) in 2001 is $75,000. Cost (C) in 2017 is $89,750. Cost index (CI) in 1995 is 307.

Q: Find the fixed cost if the total cost are 530 and the variable cost are 42.

A: Given data: Total cost, TC=530 Variable cost, VC=42

Q: Sara requires 37 minutes to produce her first unit of output. If her learning curve rate is 65%, how…

A: Time required to produce first unit = 37 minutes Learning curve = 65% Output rate = 13 units per…

Q: Calculate the average cost when the total cost for the production of 3 units is $75

A: # Average cost is given as the ratio of total cost and the total quantity produces. That it:- AC =…

Q: Ima Neworker requires 43 minutes to produce her first unit of output. If her learning curve rate is…

A: The learning curve is a graphical representation of how long it takes an individual to learn new…