Q: The following is cost Information for the Creamy Crisp Donut Company. Entrepreneur's potentlal…
A: Given:Entrepreneur potential earnings as a salaried worker=$40,000 Annual lease on building=$25,000…
Q: E3 Economies of scale occurs in the long run when, as output increases and ... Group of answer…
A: Economics of scale occurs in the long run when the average total cost falls as an increase in…
Q: “Cost may be classified in a variety of ways according to their nature and the information needs of…
A: Cost classification is done on the basis of various types. Types of cost Nature of expense…
Q: Misleading product cost numbers are most likely the result of misallocating 1 direct material cost 2…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: Total variable Total Average variable Output Average total cost Total Average fixed cost Marginal…
A: Here, different cost functions of a firm is given for different output level.
Q: The normal profit are those which are earned in the short period only True/False
A: Normal profit refers to that point in which the total cost are always or initially equal to the…
Q: Which of the following is always considered the long run? * 1 month 1 year З years 10 years none of…
A: The long-run is a timeframe in which all components of creation and expenses are variable. Over…
Q: When Molly Lai purchased the Clean Clothes Corner Laundry, she thought that she would automatically…
A: Given; Variable cost of dry-cleaning=₱0.25 per item Fixed cost= ₱1700 Price= ₱1.10 1) Molly believes…
Q: During short period, diminishing returns may follow because
A: To find : What results in following diminishing results.
Q: Describe the likely economies and diseconomies of scale for a large fastfood chain operating…
A: Economies of scale are cost advantages that businesses gain as a result of their size and are often…
Q: The vertical distance between ATC and AVC measures: a. marginal cost. b. total fixed cost. c.…
A: Total cost of a firm includes Total variable cost and total fixed cost. In the short run fixed cost…
Q: Five-Star company manufactures a line of electric fans. It has experienced sales growth over the…
A: 1. In order to recover the company, a multidisciplinary team would include skills and expertise…
Q: What is the Inventory management and versatility and forklifts accessible and storahe utilization…
A: Narrow racking systems is a definitive space-saving choice if your warehousing or capacity floor…
Q: Which scheduling method would be inappropriate for the product named? spring-blooming bulbs -…
A: A particular technique that one use for constructing the schedule like an employee, contract,…
Q: A firm's economic profit is equal to a. total revenue minus accounting profit. b. accounting profit…
A: Explicit cost is the actual monetary expenditure. Implicit cost is the opportunity cost of doing any…
Q: When Molly Lai purchased the Clean Clothes Corner Laundry, she thought that she would automatically…
A: We are going to solve this question using basic formulas such as profit, revenue and break-even…
Q: he variable cost to make a certain product is $71 per unit. Research indicates that the lowest price…
A: Given, VC = $71 per unit Lowest price = $156
Q: Below is the cost structure for Syarikat Maju Jaya. Output (unit) Total Cost (RM) Total Fixed Cost…
A: 1. We can calculate Total variable cost by subtracting total fixed cost(RM) from Total cost(RM) for…
Q: At which point the total revenue equals to total cost is known as? One word
A: According to the given question Total cost is basically that cost in which the variable cost is…
Q: The variable cost to make a certain product is $73 per unit. Research indicates that the lowest…
A:
Q: Output quantity Total variable cost Total cost 0 $0 $250 25 450 50 300 X 75 375 100 600 850 125…
A: Total cost is the sum of fixed cost and variable cost. Fixed cost remains constant and does not…
Q: Peter runs a small local newspaper company. He can sell a newspaper at $2. He has fixed costs of…
A: The total revenue is the total receipts collected from the sale of goods and services in the market.…
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: TUC Total variable cost (rials) 60.000 61.000 Quantity of biryani plates sold per day 200 201 202…
A: The profit is maximized in perfect competition when Marginal Revenue (MR)=Marginal Cost (MC).Also,…
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: You are the manager of World Wide Athlete, a chain of six sporting goods shops in your area. The…
A: Number of racing bikes sold per week when the price is $689.99= 15 During the sale, when the price…
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: Your food - services company has been named as the sole provider of meals at a small university. The…
A: A single good seller is a monopoly which maximizes profit by producing at MR =MC
Q: small coffee house has the following costs: building and pizza oven rentals 100,000 labor…
A: A) Accounting profit computed as Total revenue - Total => 4,20,000 - 455000 Accounting profit…
Q: The car industry consumes a large portion of the steel market. What kind of cost industry is it? A…
A: In a market, a firm can be increasing, decreasing or constant cost industry, according to change in…
Q: Fixed costs and Variable costs are considered to be costs.
A: The factor of productions are the labor, raw materials, capital, land etc which incurred some cost.…
Q: Total variable cost as output increases, and total fixed cost as output increases Select one: A.…
A: The variable cost is the cost that changes when the output changes. This includes labor cost, cost…
Q: TV manufacturer can produce 200 TVs in a month at a total $140000 and 400 TVs at a total cost…
A: Given the cost for production of 200 Tvs is $140,000. Therefore, the fixed cost is $140,000 as it…
Q: Purpoll Oven operates a bakery in Quezon City. Due to its delicious products and strategic location,…
A: Work productivity is defined as real production per labor hour, and the change in this ratio over…
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: Assume a purely competitive increasing-cost ine
A: Fall in demand in a increasing cost industry induces firms to leave the industry. As the firms leave…
Q: Bee & flower is a brand that has been established for more than 30 years in China. His hair care is…
A: Different organisations have to keep an eye on different aspects for their sucessful business.…
Q: Quantity produced Fixed Cost 6,000 6,000 Number of workers Variable Cost 1,000 1,900 2,700 3,400 1…
A: Answer: Given that: Number of workers Quantity produced Fixed Cost Variable Cost 0 0…
Q: Due to he learning effect it gets harder to produce each new product. Select one: True False
A: The learning effect describes the process through which education boosts productivity and raises…
Q: Variable costs are sunk costs. costs that change every day. costs that change…
A: Costs are the expenses that a firm has to incur in the production of goods and services.
Q: Nidec Sankyo Vietnam Corporation, founded in 2005, over 14 years of operation, Nidec Sankyo Vietnam…
A: Computer modelling method;- It is the effect of common habitat improvement and habitat degradation…
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: Average variable cost does NOT equal: Select one: a. total cost minus fixed cost divided by output.…
A: In the field of economics, the expression "average variable cost" portrays the variable expense for…
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…
Q: Your food-services company has been named as the sole provider of meals at a small university. The…
A: sold per day price per meal($) total fixed cost($) total variable cost($) total revenue($) 0 3.50…
Q: If a firm is currently producing zero output, then total costs equal average variable costs. B…
A: Total cost (TC): - it is the sum of fixed and variable costs incurred in the production process.
Step by step
Solved in 2 steps
- Give introduction step also Hand written solution is not allowed will upvote.A publisher for a promising new novel figures fixed cost (overhead advances promotion copy editing typesetting, and so on) at $63,000 and variable cost (printing paper binding shipping) at $2.70 for each book produced if the book is sold to distributors for $11 each, how many must be produced and sold for the publisher to break even break even. Round to nearest integer as needed.Tlite and Brite produce lamps which they sell for $40.Tlite has fixed cost of $8000 less than Brite and average variable cost of $33, which is 10% more than Brite. Tlite has a break even output which is 15% less than Brite, and produces 25% less revenue than Brite. Tlite also makes $12000 less profit then Brite. Calculate the outputs of both the firms 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.
- True/false Variable cost changes or vary with the change in the level of output in a production process.Seastrand 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…What is the Inventory management and versatility and forklifts accessible and storahe utilization and budget for Narrow racking systems Mobile racking systems Wide aisle racking
- Purpoll Oven operates a bakery in Quezon City. Due to its delicious products andstrategic location, there is a 25% increase in their demand last year. However, their customershave not been able to buy the bread of their choice. Meanwhile, additional ovens can’t be addedto the facility due to its size. During the kaizen meeting, a staff suggested a different process toload the oven, making the process more efficient. This process will require manual loading ofbread into the oven, hence additional labor is needed. This is the only this to be changed.Assuming every employee works 192 (24 days per month, 8 hours per day) hours per monthand the bakery makes 2,000 bread per month with a labor productivity of 3.472 bread permanhour, how many workers will the bakery need to add?The variable cost to make a certain product is $73 per unit. Research indicates that the lowest price no one will pay for this product is $171. Calculate optimal price for this product. (Rounding: penny.)Solve question 19 give reason for correct option and reasons for incorrect options. Don't upload any graph or image. Hand written solutions are strictly prohibited
- how to know if the business is financially healthy by determining the projected monthly operating expenses, if for example the total variable cost is 33,100 vs fixed cost of 18000. the company lets say predicted a revenue to 68000 Full explain this question and text typing work only We should answer our question within 2 hours takes more time then we will reduce Rating Dont ignore this line.Tropical Leisure Limited has been making high quality Caribbean leisure wears for over twenty-fiveyears, in old rented premises located in the heart of the Barbadian capital of Bridgetown. Thecompany has a flexible labour force of about twenty employees and three directors, only one ofwhom, namely Mr. Grant, the managing director, is fully active in the business.The company specializes in leisure and swim wear garments. Their current range consists of teeshirts, shorts, skirts and bath suits in rich vibrant Caribbean colours and styles for men, women andchildren. The company capacity is 400-500 garments per week, depending on style and continuityof the production run, but additional floor space and machines could be brought in quickly to raiseproduction levels to a maximum of 1000 garments weekly if required.Trade sources estimated that the Barbadian market was valued at US$ 1.5 billion in 2010 but sincethen inflation and recession has deflated the market, resulting in many smaller…FIND and graph the TC, AFC, AVC, AC, and MC from the following table. unit FC VC 0 $50 $0 1 $50 $40 2 $50 $60 3 $50 $75 4 $50 $90 5 $50 $140 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.
