Q: Figure 1 Revenue MC and cost (dollars per unit) $40 MR ATC AVC 24 20 14 12 8 a. 55 100 150 200…
A: The marginal revenue represents the revenue fetched by a business unit on selling the incremental…
Q: d used to run a newsstand, but he's out of the business now. Todd started by selling local wspapers…
A: 18. According to the paragraph above, When Todd started his business, most of his costs were fixed.…
Q: Variable Output -42 1 2 3 TVC TC AFC 400 700 O $200 O $250 1000 4 Use the above table and assume…
A: We have given the cost schedule in which fixed cost is $1000
Q: jangetau ag a yod uoucoe pue agsod ag a yaud Bugunasse agsodas DA No, economic profit and accounting…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: A. At XYZ Restaurant, which sells only pepperoni pizza, has the cost profile: (Note that variable…
A: Given; Fixed costs= $5650 Variable costs= $5.56 Price= $10
Q: Hypothetical problem A corn farmer produces 300 sacks of corn at 50 kgs./sack. • Prevailing price of…
A: The total cost incurred by a firm in the market includes fixed costs and variable costs. Fixed costs…
Q: Price, marginal venue, marginal cost, average total cost $35 ATC 29 26 MC 160 220 250 300 Quantity…
A: The profit is maximized where the MR = MC.
Q: 5) If Hilltop Turf Farm's total cost of producing acres of sod is TC = 0.202 +120Q + 5,000, the…
A: Marginal cost (or MC in short) reveals the extra cost incurred by the business unit when it…
Q: A vendor cost Ρhр 75.00 to buy the things he needs make home made рulvoron. A рrivate рark allows…
A: In financial aspects the breakeven point recipe is dictated by isolating the total cost related to…
Q: 5) If Hilltoo Turf Farm's total cost of producing acres of sod is TC = 0.202-1200 - 5,000, the…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: oly on the production of baseballs (don't ask how) and faces mand and cost situation shown in the…
A: A) Price Quantity per week Total Revenue Marginal Revenue Total Cost Marginal cost $20…
Q: Carson used $800 000 of their savings to open a coffee shop. The savings account paid 2% interest.…
A: We know that the economic profit is the difference between the total sales revenue of output and the…
Q: A) ABC company produces 100 pendants per day. The total fixed cost for the plant is $500 and the…
A: “Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Marginal cost given by: Kos marjinal diberi oleh: MC STC 32+180-1202 %3D and FC = 43 Find: Carikan:…
A: MC = 32+18Q-12Q2 FC = 43
Q: baample 1 lat g= $(1,k) = ¢ K be P-30, w= 10 The prodmtion res. tind the' of tmum input gh Kambin…
A: Answer: Given production function: FL,K=L13K12 P=30 w=10 r=5 The total cost (TC) function of this…
Q: Price, cost, marginal revenue of diamond $100 60 20 MC ATC A. 10 -20 MR -40 Quantity of diamonds 4 5…
A: Monopoly is a form of market structure in which a single firm sells a commodity for which there are…
Q: 13 Aabir, a milk farmer, earns $300k per month in revenue. His monthly costs include Administrative…
A: In economics, the difference between accounting profit and economic profit if accounting profit does…
Q: this restaurant there are only two inputs, rent, and workers. ach worker costs $100 per day.…
A: Marginal cost is defined as the cost which is incurred by the producer in order to produce one more…
Q: Price/Cost per egg MC 12 ATC 8 MR3 AVC 6. MR2 MR1 Quantity 100 200 300 400 he market price per egg…
A: A perfectly competitive firm is a price taker in nature, i.e., it takes the price determined by the…
Q: Hypothetical problem A corn farmer produces 300 sacks of corn at 50 kgs./sack. Prevailing price of…
A: Total cost = Total fixed costs + Total variable costs Average fixed costs = Total fixed costs /…
Q: a. Compute total and marginal revenue to complete the following table. Quantity Demanded (units per…
A: * SOLUTION :- * V)
Q: 3. For the technologies y=min{x.4x, } and y=+x, compute: a) the total cost and the cost of…
A: (i) Total cost is the sum total of fixed cost and variable cost, corresponding to a given output…
Q: Ing hew abatement technology, the firms marginal abatement function becomes MAC 4E. Costs are in…
A: The marginal abatement cost measures the cost of reducing one more unit of pollution. Here, we…
Q: v Question Completion Status: 3000 2500 Maran ct 2000 1500 To pe 500 Demnd Margnaev 200 Quantity In…
A: The monopoly refers to the market form which is characterized by a large number of buyers and a…
Q: competitive market. If the market price is $30 and if the fitm is producing output, what is the…
A:
Q: Q TC FC TVC AVC ATC MC 100 -- 1 130 2 75 3 165 4 50 250 330 7 90 his firm's fixed costs for 3 units…
A: Total cost = total fixed cost + total variable cost
Q: It costs a company $500,000 to produce 1,000 treadmills. The company’s cost will be $500,350 if it…
A: Given, Total Cost for 1000 treadmill=$500,000 Total Cost for 1001 treadmills= $500,350
Q: the average rectly petitive firm. ATC AVC 250 Me Tools 225 200 MR1 MR2 175 150 MR3 125 100 75 50 25…
A: A perfectly competitive market has a large number of firms selling homogenous product at a price…
Q: 1000 900 O, at $150 800 700 600 Profit Max 500 400 ATC at Profit Max 300 200 ATC Profit 100 MC MR 2…
A: please find the answer below.
Q: Fatemah weaves traditional Iran rugs. She weaves and sells 50 rugs per month. Her average cost of…
A: a) To calculate the total revenue: 50×$65=$3250 Therefore the total revenue would be $3250 which is…
Q: oduced. pany currently produces 1 million tablets and makes a profit of D00, but -f tablets could…
A: * SOLUTION :- From the given information the calculation as follows.
Q: tions: Enter your answers as a whole number. Electronics Flash Drive Production Revenues ity (8GB…
A: Answer, given below
Q: SETTINGS Cost Structure Low Cost Quantity 40 Quantity ($) Price, Average/Marginal Cost 225 200 175…
A: Monopoly is the form of market where single seller sale the product at high cost. There is entry…
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: 5) If Hilltoo Turf Farm's total cost of producing acres of sod is TC = 0.202-1200 - 5,000, the…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: Kieron is currently working as an automobile detailer who earns $45,000/year. He currently has…
A: The cost of the next best alternative which is foregone is reffered to be as the opportunity cost…
Q: Suprose a liim hus revenue R=15-. 5q² und (Ost C= 93-13.5e²+50+ 40. Make a sketch of average…
A: The cost which changes with the change in the volume of output is called total variable cost. These…
Q: is it possibie for accounting prefit to be positive and economic profit to be negative? OA Na,…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: 8.1 The fixed costs at Harley Motors are $1M annually. The m revenue of $9.90 per unit and $4.50…
A: Profit is calculated by finding the difference between total revenue and total cost.
Q: Hypothetical problem A corn farmer produces 300 sacks of corn at 50 kgs./sack. Prevailing price of…
A: The functional relationship between the factors of production (inputs) and output is shown by the…
Q: 5) If Hilltop Turf Farm's total cost of producing acres of sod is TC = 020 + 1200 + 5,000, the…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: To answer the folloning questions, use the image below, which presents cost Information for Karol's…
A: NOTE: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
Q: ment I lelhat as Cost Of producton.
A: The production involves producing the various goods and services. The production process would…
Q: A fruit stand owner rents a stall at the market for $255$255. Each month, the owner spends…
A: The total production process of a firm is an amalgamation of various costs, the optimum quantity…
Q: An web designer quits a project where she was paid $50,000 on completion of the project. She joins a…
A: Economic Profit:Economic profit refers to the profit which obtained by subtracting the opportunity…
Q: A grocery shop is owned by Mr. Moore and has the following statement of revenues and costs: gnider…
A: Economic cost is the sum of all losses of any products with a monetary value associated to them by…
Q: A. The table below shows the cost schedule of XYZ Company, producing face shields sold at P22 per…
A: We have given the cost schedule of XYZ company. The market price of face shields is 22.
Q: %3D A company makes solar panels. The company's revenue function, in dollars, is R(n)=10n, where n…
A: We are going to answer these questions using maximization method and using Solver function in excel…
Step by step
Solved in 2 steps
- For a firm total revenue is 120000, cost of raw materials is 40000, wages of labor 18000, other expenses are 5000, Total implicit cost is 33000.What is accounting profit. Select one: O a. 68000 Ob. 24000 c. 57000 Od. 87000Calculate accounting profit if :- Total revenue = $3000 Explicit cost = $30001. Direct laborrate: $15.00perhour Production material: $375 per 100 items Factory overhead: 125% of direct labor Packing costs: 75%ofdirectlabor Desiredprofit: 20%oftotalmanufacturing cost use the above information to answer how many units must be sold to achieve a profit of $25,000? [Note that the units sold must account for total production costs (direct and overhead) plus desired profit. 2. A small textile plant was constructed in 2004. The major equipment, costs, and factors are shown below. Estimate the cost to build a new plant in 2014 if the index for this type of equipment has increased at an average rate of 12% per year for the past 10 years. Show work and Select the closest answer. a) $4,618,000 b) $10,623,000 c) $14,342,000 d) $ 14,891,000
- CEO of Ganymede company produces goods with 500 customers where the number of customers is equal to Q produced, with the cost function TC = 2Q2 + 400Q + 1,300,000. Questions a. Determine fixed costs, variable costs and average costs that the customer musr pay. Describe the calculations! b.If the item sells for 5,000 and 7,000, determine the position of the company and can the company grow?Automobile traffic creates two types of operating costs thatare not created by rail traffic. What are they?Tennis Products, Inc., produces three models of high-quality tennis rackets. The following table contains recent information on the sales, costs, and profitability of the three models: MODEL AVERAGEQUANTITYSOLD (UNITS/MONTH) CURRENTPRICE TOTALREVENUE VARIABLECOST PERUNIT CONTRIBUTIONMARGIN PERUNIT CONTRIBUTIONMARGIN* A B C Total 15,000 5,000 10,000 $30 35 45 $450,000 175,000 450,000 $1,075,000 $15.00 18.00 20.00 $15 17 25 $225,000 85,000 250,000 $560,000 *Contribution to fixed costs and profits.The company is considering lowering the price of Model A to $27 in an effort to increase the number of units sold. Based on the results of price changes that have been instituted in the past, Tennis Products’ chief economist estimates the arc price elasticity of demand to be –2.5. Furthermore, she estimates the arc cross elasticity of demand between Model A and Model B to be approximately 0.5 and between Model A and Model C to be approximately 0.2. Variable costs…
- Printer quotes a price of a birr7500 for printing 1000 copies of a book and birr.15000 for printing 2500 copies. Assuming a linear relationship and that 2000 books are printed.(A)What is marginal cost of the last book printed.(B)Calculate ATC,AVC,AFCMetters Cabinets, Inc., needs to choose a productionmethod for its new office shelf, the Maxistand. To help accomplishthis, the firm has gathered the following production cost data: PROCESS TYPE ANNUALIZEDFIXED COST OFPLANT & EQUIP. VARIABLE COSTS (PER UNIT) ($)LABOR MATERIAL ENERGY MassCustomization $1,260,000 30 18 12Intermittent $1,000,000 24 26 20Repetitive $1,625,000 28 15 12Continuous $1,960,000 25 15 10Metters Cabinets projects an annual demand of 24,000 units forthe Maxistand. The Maxistand will sell for $120 per unit. a) Which process type will maximize the annual profit from pro-ducing the Maxistand? b) What is the value of this annual profit?Martinez Company's relevant range of production is 7,500 units to 12,500 units. The unit costs when it produces and sells 10,000 units are provided in the table. If 12,500 units are sold, what is the variable cost per unit sold? Amount per unit ($) Direct materials 6.00 Direct Labor 3.50 Variable manufacturing overhead 1.50 Fixed manufacturing overhead 4.00 Fixed selling expense 3.00 Fixed administrative expense 2.00 Sales commissions 1.00 Variable adminsitrative expense 0.50
- based on the information in the table what is marla's profit margin? total revenue-$1,400total cost- $900average cost- $7fixed cost-$700quantity-200Show the total cost expression and calculate the EOQ for an item with holding cost rate 18%, unit cost P8.00, annual demand of 40000, and ordering cost of P48. *Q.(i) . Selling Price :Rs. 12 Per UnitVariable Cost : 2/3 of SPFixed Cost :Rs. 40,000You are required to calculate:(a) Sales to earn profit of Rs. 8000.(b) Also show the BEPs in Breakeven chart. Q.(ii). Use the following information and explain that how the reduction in selling pricewould affect the MOS?Particulars Rs.Selling price per unit 40Material per unit 12Labour per unit. 8Variable Overheads per unit 4Total Fixed cost is Rs. 8, 000. Full capacity of the Plant is 5, 000 units.Reduced selling price is Rs. 32 per unit.
