If their customers pay the cost of transporting a firm's products from the plant to where the product is used, the plant's managers can ignore this transportation cost when determining where to locate the plant. Select one: a. True b. False
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- HighFlyer Airlines wants to build new airplanes with greatly increased cabin space. This will allow HighFlyer Airlines to give passengers more comfort and sell more tickets at a higher price. However, redesigning the cabin means rethinking many other elements of the airplane as well, like engine and luggage placement, and the most efficient shape of the plane for moving through the air. HighFlyer Airlines has developed a list of possible methods to increase cabin space, along with estimates of how these approaches would affect the planes operating costs and ticket sales. Based on these estimates, Table 13.5 shows the value of R, how much should the firm invest in R on top of the private return; that is, an R private return to HighFlyer Airlines would have a 9 social return. How much investment is socially optimal at the 6 interest rate?Why Marginal Cost (MC) is 1?? I did my calcutation and is 2. I replace on fucntion Q = L + (5)2 = L + 25, so L = Q - 25 and put on TC = 2(Q - 25) + 20(5) So TC = 2Q - 50 + 100 = 2Q + 50, then MC = dTC / dQ = 2 You may be replaced TC = wL + rK, but this function no contains Q variable Please confirm that. ThanksAre ordeing costs and carying couts cconomic ording quantily of mathial?
- need answer with expolanation no use aiDo you think that the benefits we get from gold—its uses in jewelry, dentistry, electronics, and otheruses—are worth the real cost of gold (Core CaseStudy)? If so, explain your reasoning. If not, explainyour argument for cutting back on or putting a stopto the mining of gold.An assembly line can produce 60 units per hour. The line’s hourly cost is $3600 on straight time (the first 8 hours). Workers are guaranteed a minimum of 6 hours. There is a 50% premium for overtime, and productivity for overtime drops by 5%. What are the average and marginal costs per unit for the following daily quantities? (a) 300. (b) 400. (c) 500. (d) 600.
- Make or buy decision Dani’s Doohickeys can buy widgets from The Widget Company for $10 apiece or make them in-house. Dani already has a factory for making thingamajigs and current fixed manufacturing costs are $10,000. Here is how Dani expects her costs to look with 1,000 widgets being built in-house: Hourly rate paid to workers in the widget manufacturing department $20.00 Hourly rate paid to the widget manufacturing department supervisor $32.00 Man hours per widget (4x supervisor hours) 0.25 hr Direct maPlease answer correct explain plz asap Don't answer by pen paperAnswer all parts (a)-(g) of this question.Mette has started Mersea Oysters. She aims to export oysters to Germany where she acts as aprice taker. After a couple of nights of calculations she believes that her cost function is givenby C(q) = 100 + 6q + 2q2, where q denotes kilos of oysters harvested. The market price shewill face in Germany is 50 per kilo.(a) [4 marks] Derive Mette’s marginal cost function.(b) [7 marks] Use your result from (a) to determine the profit-maximizing output level.(c) [7 marks] Explain in words why the supply function for a price taker is the same as themarginal cost function.(d) [8 marks] Calculate Mette’s profit. Illustrate marginal cost and profit in a diagram.(e) [8 marks] Now instead assume that the price is 22. Should Mette produce at this price?(f) [8 marks] Assume again that the price is 22 but that the fixed cost of producing (100) issunk and was taken in the previous period. Should Mette produce at this price in this case?(g) [8 marks] Assume again…
- Answer all parts (a)-(g) of this question.Mette has started Mersea Oysters. She aims to export oysters to Germany where she acts as aprice taker. After a couple of nights of calculations she believes that her cost function is givenby C(q) = 100 + 6q + 2q2, where q denotes kilos of oysters harvested. The market price shewill face in Germany is 50 per kilo.(a) [4 marks] Derive Mette’s marginal cost function.(b) [7 marks] Use your result from (a) to determine the profit-maximizing output level.(c) [7 marks] Explain in words why the supply function for a price taker is the same as themarginal cost function.(d) [8 marks] Calculate Mette’s profit. Illustrate marginal cost and profit in a diagram.(e) [8 marks] Now instead assume that the price is 22. Should Mette produce at this price?(f) [8 marks] Assume again that the price is 22 but that the fixed cost of producing (100) issunk and was taken in the previous period. Should Mette produce at this price in this case?(g) [8 marks] Assume again…Explain Gresham’sA vendor cost Ρhр 75.00 to buy the things he needs make home made рulvoron. A рrivate рark allows him to sell his рroduct inside the amusement рark. However, he will be charged Ρhр 1.00 for each рulvoron sold. Calculate the break – even рoint if the рrice he charge for a рulvoron is Ρhр 1.50. Solve the рroblem by formula and by graрh.