Ester and George want to make perfume. In order to get the right balance of ingredients for their tastes they bought 4 ounces of rose oil at $3.16 per ounce, 2 ounces of ginger essence for $3.12 per ounce, and 3 ounces of black currant essence for $4.76 per ounce. Determine the cost per ounce of the perfume. The cost per ounce of the perfume is ​$nothing. ​(Round to the nearest​ cent

Q: Lamburgs Incorporated is attempting to predict the impact of a forthcoming environmental regulation…

A: The expected variable cost can be determined by the probabilities of various uncertain events. There…

Q: Q48 Marginal cost is defined as the... a. Change in total cost resulting from an additional unit of…

A: Marginal cost is one of the cost of production. Cost is very important factor for a firm. There are…

Q: While spending the weekend in New York City, Raphael, Susan, and their son, Alex, are lucky enough…

A: In economics, utility refers to the amount of satisfaction that a consumer gets from the consumption…

Q: If you know that with 10 units of output, average fixed cost is OMR 22.50 per unit and average…

A: Average cost = average fixed cost + average variable cost

Q: You are serving as the chair for your community’s annual wellness campaign. A key event is the…

A: * Average variable cost:- When variable cost is divided by output amount, the result is the average…

Q: Determine the cost change factor in the following cases and identify the types of costs in them. The…

A: Cost oa production is the monetary value incurred in the process of production on inputs . There are…

Q: Your local pet café has the following costs: $3,000 per month in rent, $5,000 per month in wages,…

A: Firms operating in a market incur fixed costs and variable costs. Fixed costs are the costs that do…

Q: You are the manager in charge of global operations at BankGlobal – a large commercial bank that…

A: Total profit is the difference between the total cost and the total revenue. Total revenue is the…

Q: The Aleutian Company produces two products, Rings and Dings. They are manufactured in two…

A: The overhead rate is a cost allocated to the production of a product or service. Overhead costs are…

Q: Ella Co. uses a predetermined overhead rate based on direct labor-hours to apply manufacturing…

A: Given; Estimated manufacturing overhead cost= P300,000 Estimated activity level of direct labor…

Q: The process for renewing a driver's license at the Archer County Courthouse is as follows. First,…

A: Labor economics: Labor economics aspects try to comprehend the working and elements of the business…

Q: Red Owl Stores told the Hoffman family that, upon the payment of approximately $518,000, a grocery…

A: ROS which is a grocery store would be held to its promises to the HM family according to the theory…

Q: Which of the following related to Transfer payment? Pocket money to children All the above wear and…

A: Transfer payments are not included in government purchases as a component of GDP.

Q: Cincinnati Pizza produced and sold 1,500 pizzas last month and had total variable ingredient costs…

A: The process of conversion of inputs being used into output that is used for consumption by…

Q: The division of a large office services company that makes high-end copiers recently signed a…

A: Ans. Usually, a long term natured contract is signed taking into consideration that marginal…

Q: Spencer manages a store that sells speakers. Each Master Blaster takes 36 hours to create the…

A: According to the question,  Spencer is the manager of a speaker store. The plastic pieces take 36…

Q: ABC Company has a product that sells for $400 per unit and its variable cost per unit is $260.…

A: Price for a product is equal to $ 400. Variable cost is a cost that varies with the level of output…

Q: The total cost of manufacturing 360 units of a product is P6,620 and if 450 units are manufactured,…

A: In the question above, it is given that : Total cost of manufacturing 360 units of a product is…

Q: SCG makes wall units. For the year, the following details have been budgeted. Output, 10,000 units;…

A:

Q: Azree an accountant, working for a foreign consultant firm and earning RM 78,000 per year is…

A: Explicit costs are the costs for a firm which it is paying out of its pocket, for example, payments…

Q: Tradavia imports foaming bath oils from its neighbour Scentovia If Tradovian importers are paying 81…

A: The question given explains the foreign exchange system in any country. A foreign exchange system…

Q: Merrilyn Forney is considering starting a delivery service company. She presently makes PHP 800,000…

A: The economic cost is the sum of explicit cost and implicit cost (opportunity cost) while the…

Q: The profit function in dollars for a product is given -x^3+76x^2-380x-2800 where x is the number of…

A: Given,       Profit function, Here, x is the number of units produced and sold Break-even occur at…

Q: Vegemite has been recently introduced to the Chinese market. It sells for the equivalent of $2 per…

A: Given  Price of vegemite (P)=$2 per jar Variable cost of vegemite VC = $0.50 per jar Fixed cost (FC)…

Q: To reduce shipping distances between the manufacturing facilities and a major consumer, a Korean…

A: * SOLUTION :-

Q: Ace Manufacturing produces 1,000 hammers per day.  The total fixed cost for the plant is $5,000 per…

A: Average fixed cost is the fixed cost divided by units of output. Average variable cost is the total…

Q: The technical rate of substitution between factors x2 and x1 is −4. If you desire to produce the…

A: Answer to the question is as follows

Q: pocket. If your bill is more than $10 you need to use your credit card to pay. If you use your…

A: Margin cost is the additional cost incurred due to increase in consumption by one unit  MCn = TC n -…

Q: Canning companies sell one can at a price of 30 dinars, and the fixed costs are 400 thousand dinars…

A: Price = 30 fixed Cost = 400,000 Variable Cost = 10 Sales amount = 50,000

Q: Milford Industries provides medical equipment to oncology and surgical units in major hospitals.…

A: Given, IDC allocation for three departments Production, subassemblies, and final assembly is given…

Q: A firm is selling two products-chairs and bar stools-each at $50 per unit. Chairs have a variable…

A: Total Cost = Total Variable Cost + Total Fixed Cost The Break-even point is the point where the firm…

Q: At the beginning of the year, managers at King Industries estimated $420000 in manufacturing…

A: Given the manufacturing overhead at the beginning of the year = $420000 Actual manufacturing cost by…

Q: Maju Malaysia is a company that provided the catering service to UTHM students. Which of the…

A: To run a business, there are numerous costs that the owner has to pay. These costs are explicit…

Q: Every year in September, the NFL (National Football League) announces official prices of their next…

A: Give information:1. Price range for tickets is from $6800 to $81800. 2. Three fourth tickets are…

Q: The Kalo Fertilizer Company makes a fertilizer using two chemicals that provide nitrogen, phos-…

A: Objective Function 3X1 = cost of ingredient 1 5X2 = cost of ingredient 2 Min Z = 3X1+X2 Subject to…

Q: Engle sells Lebanese sandwiches. The cost of ingredients (bread, meat, spices, etc.) to make a…

A: ANS Fixed Cost (FC) is that part of the Total Cost (TC) which does not change with the change in the…

Q: There has been a small increase in the price per pound for the prosciutto, and Mister Dee is…

A: Inflation is defined as the rise in the aggregate level of prices. Inflation leads a decrease in the…

Q: The supply function for a product is given by p = 40 + 100V2x + 4, where x is the number of units…

A:

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: Ashley Furniture hires you as consultants to help them sell their new coffee table. Through a…

A: P Q 220 110 160 130 Equipment Cost = 3000 Each individual table Cost = 90

Q: Worldwide annual sales of a device in 2012–2013 were approximately  q = −6p + 3,040  million units…

A: q = −6p + 3,040 manufacturing cost of $40

Q: profit-maximizing rule

A: The Total Revenue (TR) is generated after selling all the output in the market. The Total Cost (TC)…

Q: A small bank is trying to determine the number of tellers to employ. The total cost of employing a…

A: Number of customers arriving in a day= 210 customers per day Number of customers a teller can serve…

Q: Sea lions have been depleting the stock of steelhead trout. One idea to scare sea lions off the…

A: a. The total cost can be calculated by multiplying each unit with the total cost of producing each…

Q: Bloomswood Hotel is situated in​ Forkland, a picturesque town in the mountain region of a country.…

A: Economics as a subject deals with the allocation of scarce resources among humans with unlimited…

Q: Sally Statistics is implementing a system of statistical process control (SPC) charts in her factory…

A: Using Wright's cumulative average model: When 75% of learning curve in statistical process control…

Q: Susan Jones has a job as a pharmacist earning $45,000 per year, and she is deciding whether to take…

A: Economic value added, often abbreviated as economic profit, is a way of quantifying the…