How Toyota Motors operate their economies of scale?

Q: Charles Lackey operates a bakery in Idaho​ Falls, Idaho. Because of its excellent product and…

A: The current output/month= 1800 The current labor input/month= 8×640$=5120$ The current capital…

Q: T ER Mc $78.00. $3.00. Multiple Choice 000 87.50 6.25 7.14 The average total cost of 5 units of…

A: Fixed cost is independent of output produced whereas variable cost varies with the level of…

Q: How do fixed costs change over the long-term? Do costs get re-categorized into a variable cost when…

A: Fixed costs are the costs that do not change with the change in quantity while variable costs are…

Q: The WipeOut Ski Company manufactures skis for beginners. Fixed costs are $30. Fill in Table 7.16 for…

A: Cost is the expenditure incurred by firms on the production of goods and services.

Q: After one month of operation, UCC Cafe decided to shorten its business hours and close on weekends.…

A: When UCC cafe reduced business hours and weekends holiday. It considered variable cost.

Q: What are some key fixed and variable costs for this business? Remember fixed costs do not change…

A: Variable costs will be costs that change as the quantity of the great or service that a business…

Q: What are the variable costs?

A: Variable cost refers to those costs that are changed along with the changes in the production. In…

Q: Examples how a firm may suffer from diseconomies of scale

A: Diseconomies of scale happen when an organization or business firm develops so enormous that the…

Q: What is the difference between economic costs and accounting costs? Explain it in your own words and…

A: Meaning of Cost: The term cost refers to the situation under which a firm occurs various expenses…

Q: What are the effects of cost reduction ?

A: Answer - Cost of Reduction - Cost of reduction is method to increase productivity and reduce the…

Q: Your cousin Vinnie owns a painting company with fixed costs of $150 and the following schedule for…

A: Average Fixed Cost, AFC = Fixed Cost / Output Average Variable Cost, AVC = Variable Cost / Output…

Q: How General Motors improve or operate their economies of scale?

A: This significant car maker has encountered interruptions to its tasks as interest in autos has…

Q: If average cost is $30 and the total cost is $900 What output must the firm have produced

A: Total Cost(TC) is the total amount incurred by the firm in production of given quantity. Average…

Q: Find 10 problems related to variable cost and solve it.

A: Variable cost is such a cost which vary directly with the level of output. They can be of two types…

Q: If marginal cost is less than the average variable cost and output increases, average total cost…

A: Average variable cost(AVC) is the ratio of total variable cost(TVC) to output(Y). Average total…

Q: Economies of Scale

A: All the firms total cost meeps on increasing.

Q: You overheard Mr. John, the newly-hired marketing manager, saying: “I think our company should take…

A: Economies of scale refers to the concept used by the organization in which the organization increase…

Q: Write a short note on Increasing economies of scale – meaning and effect on costs

A: The production function depicts the technical association between the quantities of output (Q) that…

Q: Research an instance of an actual firm that has been engaged in cost-cutting measures. What actions…

A: We are considering an example of Dell EMC. Cost-cutting refers to measures executed by an…

Q: The table below shows the monthly cost of producing vintage model cars for cc Instructions: Enter…

A: Total cost is the cost incurred by the producer for producing all the goods. The obtain total cost,…

Q: What is the total cost of producing 200 units 125 150 180 210

A: Total Cost = Average Total Cost*Quantity TC at 200 units = 0.75*200 = 150 TC at 125 units =…

Q: In a recently opened shopping mall, Jagdeep sells handmade coffee mugs in abooth for $25 each and…

A: The break-even point is a level of quantity at which the total revenue generated from the sale of…

Q: average variable cost

A: a. Total cost incurred for 0th unit will be the fixed cost i.e., $12. Deducting this from Total cost…

Q: A firm producing 1000 units at a total cost of $5000, if it were to increase production to 1001…

A: "Input refers to the raw materials, factors of production or resources used in the process of…

Q: Use the table to answer the uestion below: Quantity          Total Cost  0…

A: Total fixed cost (TFC): - it is the cost incurred on the fixed capital assets like land, building,…

Q: After one month of operation, OO Café determined to shorten its business hours and close on…

A: The cost of production is the summation of all the costs incurred while producing a commodity in the…

Q: Jacob, a chef who lives in the community, is really excited to start his own cookbook. He found a…

A: STEP 1: The break point is the point where a firm neither earns profit nor incur loss. At this point…

Q: Give business examples of short-run costs, economies of scale, and minimum efficient scale (MES).

A: At the Mininum effiecient scale point, the company could achieve the economies of scale being…

Q: How to calculate the Average cost of producing 1, 2,...15

A: average cost = C/Q = 1000 + 100*Q for every Q we first calculate the C by using the formula C=1000+…

Q: List several fixed and variable costs associated with owning and operating an automobile. Suppose…

A: The fixed cost is incurred whether an activity take place or not. The variable cost varies with the…

Q: For a restaurant that sells hamburgers, which of the following costs would be a variable cost? O The…

A: Variable cost is those cost which is not fixed in nature. These costs change in proportion to…

Q: Output TFC TVC TC MC ATC A 25 25 ------ ---- -- В 1 25 25 50 25 50 C 2 25 40 65 32.5 D 3 25 70 95 E…

A: Answer to the question is as follows :

Q: What is the economies of scale of General Motors?

A: The advantages of cost which is being obtained by the enterprises being solely due to their scale of…

Q: After one month of operation, OU Café determined to shorten its business hours and close on…

A: There are two types of costs incurred by a business:- 1) Fixed costs 2) Variable costs 1) Fixed…

Q: marginal cost (MC) and average total cost (ATC) f

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: Calculate TC, AC, MC, AVC, AFC, and graphically calculated and given costs. Quantity Fixed Costs S…

A: Total cost is the cost expenditure incurred on the production of the goods or services by the firm.…

Q: QUESTION 3 Big Boss Company produces 16 units of output at a total cost of $2,142. If the fixed…

A: Answer : Here first find total variable cost Total variable cost = Total cost - Total fixed cost =…

Q: A. Team Wang has the following costs for the short-run production of different quantities of a good:…

A: A cost function is a function of input prices and output quantity whose value represents the cost of…

Q: What is the average variable cost of producing 400 units of output?

A: Answer: Given that:      Labor  Output   Marginal Cost  Variable Cost  Fixed Cost  0  0    0  5…

Q: Imagine a smartphone company has the following costs when they produce 200 phones: $50 in average…

A: When some product is manufactured, cost  takes place and process of business gets accelerated.…

Q: The change in fotal costjof proaucCuọn as the output or total product of the business is expanded…

A: Production cost refers to the overall cost of manufacturing a given amount of a good or selling…

Q: Why the average variable cost (AVC) and average total cost (ATC) curves are U-shaped (decreasing,…

A: Average variable cost (AVC) The average variable costs (AVC) are calculated by dividing total fixed…

Q: Charles Lackey operates a bakery in Idaho Falls, Idaho. Because of its excellent product and…

A: Productivity of an input is defined as the average amount of a good that can be produced using each…

Q: If average total cost is $100, average variable cost is $30 and output is 50 units. What is the…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: How can I construct a cost curve for ATC, AVC, MC

A: Total Cost:The sum of explicit costs and implicit costs constitutes the total cost of the production…

Q: Explain graphically cost behaviour in a fixed size plant?

A: Fixed cost refers to the cost that the firm needs to bear always that does not change with the…