- Given the following information, determine the quantity that must be produced so the firm will break even Fixed cost= $30,000 Price= $8.90 Variable Cost per Unit (AVC)=$7.40
Q: Suppose a company has fixed costs of $40,800 and average variable costs given by AVC(x)-x + 333…
A: The fixed cost of the firm is FC = $ 40,800 and the average variable cost is, AVC(x) = 1/3*x + 333…
Q: Suppose that a sole proprietor ship is earning total revenue of $300000 and is incurring explicit…
A: here we can find the profit or loss for sole proprietor ship and choose the correct option as…
Q: An ice cream producer has fixed costs of $70,000 per month, and it can produce up to 15,000 ice…
A: Given the fixed cost = $70000Quantity = 15000Variable cost = $3Selling price = $10
Q: To calculate a firm's per unit of output profit, it is necessary to subtract Select one: a. cost per…
A: Hey, Thank you for the question. According to our policy, we can only answer 1 question per session.…
Q: If a retail clothing shop has to pay monthly rental of A$10,000 and has variable costs of A$20,000…
A: A firm faces different shut down constraint in different time periods such that in short-run or in…
Q: Rising short-run average variable costs of production for a firm indicate that Question 4 options:…
A: Average variable costs are the costs incurred on variable factors or inputs per unit of output. The…
Q: Q2. Suppose a management accountant of a manufacturing company give you the following information: -…
A: Answer: Given, Price (P) (in OMR) Quantity (Q) (units per month) 1000 (P1) 175 (Q1) 1800 (P2)…
Q: A brewery produces regular beer and a lower-carbohydrate "light" beer. Steady customers of the…
A: Answer -
Q: conomist estima Cost function of a single-product firm C(Q) = 100 + 20Q + 15Q2 + 10Q³ Based on this…
A: Variable costs are any expenses that change based on how much a company produces and sells. This…
Q: Gooey Bites sells snack packs for $3 per pack. Variable expenses involved in producing snack packs…
A: The total cost function is the aggregate of all fixed and variable costs incurred in the process of…
Q: If the MC is 10 dollars and the MR is 10 dollars in a perfect market and the ATC is 5 dollars and…
A: Maximum profit refer to the amount received by the seller and a price which is paid by the consumer…
Q: A division of Ditton Industries manufactures a deluxe toaster oven. Management has determined that…
A: total cost (TC) is found by integrating the MC as TC is the antiderivative of MC. C'(x) = 0.0006x2 −…
Q: Problem 2:The Paradise Shoes Company has estimated its weekly TVC function from data collected over…
A: The total variable cost and quantity demanded is given as follows.
Q: A firm can produce at most x = 75 units per month, and their marginal cost function has been…
A: We are gong to find the production level which maximizes the output; Break-even quantity to answer…
Q: • Use the total cost (TC) schedule that is presented in the table below to determine the optimal…
A: The firm can sell all of the output it produces at a price of $8 per unit. This means marginal…
Q: Why can the distinction between fixed costs and variable costs be made in the short run? Classify…
A: There are some costs that will not change as the level of output changes. If the firm wants to…
Q: Question 1: Given the following cost function: TC = 1500 + 15Q – 6Q 2 + Q3 i. Determine the total…
A: i) TC = 1500 + 15Q – 6Q2 + Q3 Fixed part is that part of the total cost which is always constant.…
Q: A firm has the following total revenue and total cost schedules: TR = $2Q. TC = $5,500 + $1.3Q.…
A: Given:- TR=$2Q TC=$5500+$1.3Q To calculate:- Break even output level and profit at 8600 unit sale=?…
Q: The figure below shows the long-run average cost curve for the only firm producing electricity in…
A: Economies of scale occurs when firm increases level of production and average of cost of production…
Q: Savannah is running a picture-framing business. Refer to the given break-even chart for her business…
A: A Break-even point is such quantity where total revenue is equal to the total cost.
Q: TC = 144 + 27Q + 3Q2 What is the average fixed cost when 17 units are produced? Enter as a value.…
A:
Q: Suppose a firm produces 20 unit of output per month and has a total variable cost of R3000 per…
A: Here, given information is: Total output produced= 20 units Total variable cost per month= R3000…
Q: The costs and sales prices per unit for three products are given below; Basic Medium Luxury Sales…
A: The costs and sales prices per unit for three products are given in the Table. The profit could be…
Q: This are the additional costs that result from increasing the output level by one or more units.
A: GIVEN This are the additional costs that result from increasing the output level by one or more…
Q: Q3) At its best possible output level, a firm has total revenue of Rs. 7000 per day and total cost…
A: A firm should continue to produce till it is able to cover its variable costs, and should resort to…
Q: Solve correctly all the subparts Q)A firm has the following total revenue and total cost schedules:…
A: Profit is the difference between total revenue and total cost.
Q: Given information: Fixed factory overhead costs: $60,000 Fixed selling overhead costs: $12,000…
A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…
Q: Suppose you are the manager of a fim The accounting department has provided cost estimates Analyze…
A: Profit is revenue minus cost i.e., Profit = Revenue - Cost At break-even quantity, profit is zero…
Q: A company has a linear total cost and a linear total revenue, where the slope of the revenue line is…
A: The break even point of a firm occurs when the total revenue equals total cost. The total cost curve…
Q: A firm has the following total revenue and total cost schedules: TR = $3Q. TC = $4,000 + $1.7Q.…
A: Break-even is the point at which revenue and total costs are equal, indicating that the business is…
Q: Suppose that Desert Farms want to expand its product line with camel milk and other dairy products,…
A: Aggregate Cost function : C(Q1 , Q2 ) = 75 + (2Q1 - Q2)2 Economies of scope refers to the phenomena…
Q: Suppose a company has fixed costs of $32,000 and variable costs of 4/9x + 333 dollars per unit,…
A: Fixed cost= $32000 Variable cost= 4/9x+333 Selling price= 1365-5/9x
Q: Given Cost and Revenue functions C(q)=q3−10q2+52q+5000 and R(q)=−3q2+2400q, what cost is incurred…
A: Marginal profit means for a unit change in quantity how much profit will change . It is the profit…
Q: At its best possible output level, a firm has total revenue of Rs. 7000 per day and total cost of…
A:
Q: A firm can produce at most x = 2500 units per month, and their marginal cost function has been…
A: A firm can produce at most x = 2500 units per month, and the marginal cost function is given as,…
Q: A firm has the following average variable cost equation. AVC = 60 – 15Q+ Q? And the average total…
A: Average total cost is the sum of average variable cost and average fixed cost i.e., ATC = AVC + AFC…
Q: [11] cost equal to $10 and its average variable cost equal to $8. At 101 units of output, the firm's…
A: Cost refers to the expense incurred by the firm during the production process, which includes cost…
Q: A multi product firm's cost function was recently estimated as C(Q1Q2)=90-0.5Q1Q2 + 0.4Q21 + 0.3Q22…
A: C(Q1Q2)=90-0.5Q1Q2 + 0.4Q21 + 0.3Q22 The firm can have economies of scope when;…
Q: Pick ALL assumptions that need to be held to ensure a perfecly elastic long-run supply curve for…
A: The long-run supply curve represents the number of goods and services supplied by a producer at each…
Q: Thranduil company's market research department is working on the pricing of a product. The field…
A: The total revenue function for a firm is equal to the product of the price and quantity of the…
Q: Problem 2:The Paradise Shoes Company has estimated its weekly TVC function from data collected over…
A: Since there are multiple sub parts in this question, only the first three sub parts will be answered…
Q: TRUE OR FALSE 1. A firm suffering loss in the short run will continue to operate as long as total…
A: Revenues are the most important element that helps the business organization running for a long…
Q: A firm can produce at most x = 2500 units per month, and their marginal cost function has been…
A: Total cost for 30 units is 70,000 Marginal Cost for 30 units is 1200+x TVC is the summation of MC.…
Q: How much milk will Malik as an individual firm would supply in the market at the price of Rs. 14 per…
A: The market for milk closely represents perfect competition. The milk suppliers supply the and…
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- Suppose that the repeated application of a pesticide used on orange trees causes harmful contamination of groundwater. The pesticide is applied annually in almost all of the orange groves throughout the world. Most orange growers regard the pesticide as a key input in their production of oranges. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Short Grass Incorporated is a distributor of golf balls. Martin's Golf Supplies is a local retail outlet which sells golf balls. Martin's purchases the golf balls from Short Grass Incorporated at $1.15 per ball; the golf balls are shipped in cartons of 72. Short Grass Incorporated pays all incoming freight, and Martin's Golf Supplies does not inspect the balls due to Short Grass' reputation for high quality. Annual demand is 159,520 golf balls at a rate of 3,691 balls per week. Martin's Golf Supplies earns 10% on its cash investments. The purchaseminus−order lead time is one week. The following cost data are available: Relevant ordering costs per purchase order $132.00 Carrying costs per carton per year: Relevant insurance, materials handling, $0.87 breakage, etc., per year What is the economic order quantity? (Round costs to the nearest cent and quantities to the nearest whole number.)A real estate firm faces two kinds of employees, those able to sell 10 houses per year, and those able to sell 5 units per year. High-productivity employees are willing to work for $100,000/year, low-productivity employees are willing to work for $50,000/year. Which compensation scheme would be able to weed out the low-productivity workers best? a. offer a salary of 100K b. Offer a salary of $75K with unit commission c. officer a sale commission of $10K per unit d. Office a sales commission of $20K a unity starting with unity 5
- 1. Minimize short (K fixed atK ) and long run cost of the following production technologies: a. q = 6K1/4L1/3 b. q = 20K1/2L1/2 c. q = K2L3 2. Derive the Short Run and Long Run Marginal Cost functions and determine whether Marginal Cost is increasing or decreasing with output. Explain why. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.A company estimates that the total revenue, R, in dollars, received from the sale of q items is ? = 3000 + ln(1 + 1000?^3) and the marginal cost is ??(?) = 0.05?^2 − 1.6? + 50. Calculate and interpret the marginal profit if q = 100.An entrepreneur intends to sell his product for 6.4$ each. The daily cost or expenses can be expressed as x+9.1+.11x^2, where x is the no. of product sold daily. Find the no. of products that will maximize the profit per day.
- Round off your final answer to whole #. A company produces and sells a consumer product and is able to control the demand by varying the selling price. The approximate relationship between price and demand is p=45 + 2700/D - 5000/D2 for D > 1 The company is seeking to maximize its profit. The fixed cost is $1,000 and the variable cost is $38 per unit. What is the number of units that should be produced and sold each month to maximize profit?Electrical Components Profit A company’s dailyprofit from the production and sale of electrical components can be described by the equation P(x) =6.45x - 2000 dollars, where x is the number of unitsproduced and sold. What level of production andsales will give a daily profit of more than $10,900?3.2 Differentiate between accounting costs and economic costs. Motivate your answer with the aid of examples
- Refer to the tables in Questions 2 and 3 to identify which of the below is correct. Select all statements that are true. Look at the two previous questions submitted please At the breakeven point TR - TC = 0 The profit maximizing quantity of participants/bags is MR ≥ MC 300 The profit maximizing quantity of participants/bags MR ≤ MC 400 Using Qb = F/(MR – AVC) the breakeven quantity of participants/bags is 113Small and medium sized contractors are most likely to keep ony____on staffSeastrand Oil Company produces two grades of gasoline: regular and high octane. Both gasolines are produced by blending two types of crude oil. Although both types of crude oil contain the two important ingredients required to produce both gasolines, the percentage of important ingredients in each type of crude oil differs, as does the cost per gallon. The percentage of ingredients A and B in each type of crude oil and the cost per gallon are shown. Crude Oil Cost Ingredient A Ingredient B 1 $0.10 20% 60% 2 $0.15 50% 30% Each gallon of regular gasoline must contain at least 40% of ingredient A, whereas each gallon of high octane can contain at most 50% of ingredient B. Daily demand for regular and high-octane gasoline is 800,000 and 600,000 gallons, respectively. How many gallons of each type of crude oil should be used in the two gasolines to satisfy daily demand at a minimum cost? Round your answers to the nearest whole number. Round the answers for cost to the nearest…
