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A: please find the answer below.
discuss sunk costs versus future costs and benefits.
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- See attached image for marginal abatement cost table and questionFIRM X SPENT $100m to upgrade its equipment last year. this year, the amount represents: a. An accounting cost b. An opportunity cost c. An economic cost d. A sunk costWith the aid of appropriate diagrams describe what each of the following abatement cost curves are, who is likely to create them, who is more likely to use them and where relevant their advantages and disadvantages against each other: a) Marginal abatement cost curve.b) Expert derived abatement cost curve.c) Model derived abatement cost curve.
- demonstrate and explain how costs concepts help in managing production between the shortrun and longrun periodLewis contracted with the government to dredge 2 million cubic yards of silt from a ship channel. After excavating 1.5 million cubic yards, he quit the job. Should he be paid anything for partial performance? Explain.Draw a theoretical inverted abatement cost curve when the Marginal Rate of Transformation is constant. Remember to label your axes
- Could you explain that what are the essential reasons due to which the process of replacement take place and how the replacement of assets offers economic opportunity for the firm?Support your answer by giving relevant examples from the field of engineeringElectricity is sold for $0.12 per kilowatt-hour (kWh) for the first 10,000 units each month and $0.09/kWh for all remaining units. If a firm uses 14,000kWh/month what is its average and marginal cost?The following is cost information for the Creamy Crisp Donut Company:Entrepreneur's potential earnings as a salaried worker = $50,000Annual lease on building = $22,000Annual revenue from operations = $380,000Payments to workers = $120,000Utilities (electricity, water, disposal) costs = $8,000Value of entrepreneur's talent in the next best entrepreneurial activity = $80,000Entrepreneur's forgone interest on personal funds used to finance the business = $6,000Refer to the data. Creamy Crisp's implicit costs are: A. $150,000 B. $94,000 C. $136,000 D. $156,000
- A New York renewable energy company pays $0.18 per kilowatthour (kWh) for the first 10,000 units of electricity each month and $0.15/kWh for all remaining units. If a firm uses 25,000 kWh/month, what is its average and marginal cost?"Toyota motor corporation with labor incentive manufacturing processes are most likely to benefit from sending manufacturing operations overseas because the bulk of potential cost savings relate to labor costs”. Question: Toyota Motor Corporation identifies relevant and irrelevant costs and benefits in a decision.The operating budget of the Western Robotics Company was $300 million last year. If the operating budget this year is 12 percent less than last year, what is this year’s operating budget? Answer $_______ million.