Q: A manufacturer of scrapbook kits has a fixed cost of $30,000. This manufacturer expects to sell…
A: Given:Fixed Cost: $30,000Expected Quantity to be sold = 6000 unitsSelling Price = $17.5Mark Up is 20…
Q: Question 3 A Toyota Camry costs $19,600 and has an average gas mileage of 30 mpg while Prius costs…
A: Given; Toyota Camry costs= $19600Mileage= 30mpgPrius Costs=$23000Mileage= 50mpgCost of 1 gallon gas=…
Q: Direction: Use the given data to answer the requirements below. Qty. Price TC TR Profit MR 0 40 30 2…
A: Qty Price TC TR Profit MR MC 0 40 30 2 35 50 4 30 100 6 25 160…
Q: "Switching cost" is one of the ways to reduce buyer power. Please explain what switching cost…
A: "Buyer power determines the extent to which consumers can cause an increase in price and quality of…
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A: Willingness to pay (WTP) shows the maximum price that the buyer or consumer is ready to pay to get…
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A: *answer:
Q: Write an essay on "Competition of Ride Sharing Apps in Bangladesh"
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A: Average total cost: The total of all expenses brought about to create a cluster, partitioned by the…
Q: Esplain the diffoeate between Eaplicit Coet and Implicd Cost. in economics
A: In simple words we can say that Explicit cost actually includes the actual money expenditure sustain…
Q: You need to get gasoline for your car. You can drive ten miles (round trip) to a gas station on the…
A: The answer is as follows:-
Q: A company produces a special new type of TV. The company has fixed costs of $469,000, and it costs…
A: Marginal profit is the change in profit from selling and producing an additional unit of output.
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A: The price of a good is the monetary value of all the inputs that has been used while the production…
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A: At equilibrium point demand is equal to supply (demand and supply curve intersect with each other).…
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A: Microeconomics deals with the minute considerations of an economy or the individual firm’s behaviour…
Q: 10 90 80 S=MC 70 60 50 40 30 - 20 MR 10 1,000 2,000 3,000 4,000 5,000 Quantity (pillows per hour)
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Q: You run a school in Florida. Fixed monthly cost is $5,524.00 for rent and utilities, $5,671.00 is…
A: In economics, a firm maximizes its profit by producing at an output level where the marginal revenue…
Q: Give 10 examples of production (manufacturing costs)
A: Manufacturing costs are the costs that are incurred during the production process of a particular…
Q: Discuss the characteristics of services compared to goods and write down challenges for services.
A: Characteristics of Services : Intangibility : Services are intangible in nature where as goods are…
Q: Apply your understanding in the evolution of the market in the computer industry
A: The computer industry is counted among one of the growing industries whose demand is increasing day…
Q: Steve repair the synth before selling because marginal cost is than marginal benefit. O should not;…
A: Marginal cost is the addition to total cost by employing an additional input and marginal revenue is…
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A: For local departmental store: Juanita travel time here would be 30 minutes and shopping time is 30…
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A: The table attached below show total costs (as given in question) and marginal cost which is computed…
Q: Price Sdomestic Po = $50 F E Ddomestic Qo=10 Quantity In the graph above, total variable cost of…
A: In the above graph, P0 = $50 Q0 = 10 Therefore, Total Variable Cost = P0 x Q0…
Q: Store Travel Time Each Way Price of a Suit (Minutes) (Dollars per suit) Local Department Store 15…
A: The central problem of economics is the scarcity of resources. The existance of limited resources…
Q: Angie's Bake Shop makes birthday chocolate chip cookies that cost $2 each. Angie expects that 10% of…
A: Price per cookie can be calculated by using the following formula.
Q: If you can buy 9 DVDS for $126 or you could buy 10 DVDS for $130, then the marginal cost of the…
A: The marginal cost is referred to as an additional cost incurred when an extra unit is produced or…
Q: Describe the various cost components that affect the retailgasoline price?
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Q: • the optimal output (the number of hours of cleaning) is 45 hours. • the optimal price is $ 45 •…
A: A monopoly is defined as the market structure where there is a single seller selling identical or…
Q: Calculate TC, AFC, AVC and MC ar
A: TC = TFC + TVC AFC = TFC/Q AVC = TVC/Q MC = Change in TC / Change in Q Q TFC TVC TC AFC AVC MC…
Q: You have the intention of buying a new mobile phone, how are you going to select the best mobile…
A: Mobiles can be selected based on cost-benefit analysis and personal preferences.
Q: rage fixed costs would rise, but marginal costs would fall. rage fixed costs and average total costs…
A: The average fixed cost (AFC) is the fixed cost that constant with the change in the number of goods…
Q: TC curve Rises continously
A: To find : Tc curve.
Q: What products will your product compete against? Are there any similar products out there? Name and…
A: Since you have posted a question with multiple sub parts, we will solve first three sub parts for…
Q: Additional questions:Supposed you and your friends decide to rent the four bedroom apartment and…
A: Part -1.Average Fixed cost per roommate will be computed after arriving at Total fixed cost which is…
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: Why do businesses offer “Buy one, get one for half price” sales when they could just sell each unit…
A: Businesses or firms give offers such as buy one get one free or 50 % off just to attract new…
Q: EOC 16.05 (and 16.06) Who likely gets charged the lowest price for a rental car? Select an answer…
A: Elasticity measures the responsiveness of quantity demanded with respect to change in price.
Q: The town council of Frostbite, Ontario, is trying to decide whether to build an outdoor skating rink…
A: According to the question, Cost of building skating rink = $1.2 million Demand: q = 1600 - 0.8p
Q: A big disadvantage with purchasing software off-the-shelf is ______________.
A: Off the shelf software is any kind of software solution that has been developed for the mass market.…
Q: My value for an air-conditioner in my office is $100. My office-mate is willing to pay $80 for an…
A: In the study of behavioral economics, willingness to pay or WTP is defined as the maximum price, at…
Q: Price of a Skirt (Dollars per skirt) Local Department Store 15 103 Across Town 30 87 Neighboring…
A:
Q: e Travel Time Each Way Price of a Suit (Minutes) (Dollars per suit) Local Department Store 15 102…
A: Opportunity Cost refers to the potential benefits an individual, investor, or business misses out on…
Q: Cecil Green sells golf shirts. He knows that most people will not pay more than $40 for a golf…
A: Given, markup on cost = 35% The selling price with a markup based on cost will be:
Q: If a firm wanted to reduce the annual EOQ cost as a percentage of the annual purchasecost by 50…
A: Economic Order Quantity is the number of goods that a company should purchase to manage or minimize…
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: How much does profit change if 6 units are sold instead of 5?
A: The firms in the market have their cost and revenue functions and the major elements of the firms in…
Q: Explain two advantages and two disadvantages of using an in-house or private trucking service.
A: Private transporter alludes to an organization that possesses the vehicles used to ship its own…
Describe the Cost of Cooking with Electric and Gas Ranges.
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- Q) Economic Costs Owner/operators of small gas stations rarely pay themselves an hourly wage. How does this practice affect the economic cost of dispensing gasoline?Is Fuel a variable, fixed or overhead cost?An ad in the newspaper is offering 25% off ski lift tickets at Big Bear. The original tickets cost $60.
- Describe the various cost components that affect the retailgasoline price?Jordan is calculating the worth of a computer by comparing its costs and benefits, including quality, relative to similar laptops. In Jordan’s view, it is often worth it to spend a little more to obtain a product with higher performance. What is Jordan calculating?When the price is less than AVC (P<AVC), the company
- How much does profit change if 6 units are sold instead of 5?Please no written by hand and no emage An automobile dealer can sell 8 sedans per day at a price of $20,000 and 4 SUVs (sport utility vehicles) per day at a price of $25,000. She estimates that for each $400 decrease in price of the sedans she can sell two more per day, and for each $600 decrease in price for the SUVs she can sell one more. If each sedan costs her $16,800 and each SUV costs her $19,000, and fixed costs are $1,100 per day, what price should she charge for the sedans and the SUVs to maximize profit? [Hint: Let x be the number of $400 price decreases for sedans and y be the number of $600 price decreases for SUVs, and use theBill runs a business that makes custom-printed towels. It will cost him $8 each to purchase and print on towels, and he will have to pay a rent of $1,700 per month for him workshop. Based on market research, Bill estimates that he can sell custom towels for $25 each. a) Calculate the number of towels he needs to sell per month to break-even. towels b) Calculate the break-even in dollars (round off to the nearest cent).
- Plz solution fast I give ???Answer fast this MCQ question.......Nick is planning on starting a mobile pizza oven. He is expecting his customers to spend $20 per pizza. It is estimated that the costs associated with the ingredients will be $5 per pizza. In addition, his fixed costs for renting the mobile oven is $150 per day. 1) How many pizzas does Nick need to sell to break-even per day? 2) If Nick wants to make a profit of $300 and sell 25 pizzas per day, calculate the price he should charge per pizza. 3) If Nick increases the price per pizza to the amount found in part (b) then explain the effect on the break-even number of pizzas sold. Assume the fixed costs and the variable costs remain unchanged. Do not re-calculate the break-even quantity, x, for this question however you may quote the break-even formula and contribution margin to aid your explanation.
