Labor (workers/day) Output (units/day) Total fixed cost ($/day) Total variable cost ($/day) Total cost ($/day) 50 50 50 75 A 100 50 125 50 C 50 175 0 1 2 3 4 5 0 8 15 21 26 30 A: Total fixed cost with two workers per day: $ B: Total variable cost with three workers per day: $ C: Total cost with four workers per day: S 0 25 50 B 100 125

Labor (workers/day) Output (units/day) Total fixed cost ($/day) Total variable cost ($/day) Total cost ($/day) 50 50 50 75 A 100 50 125 50 C 50 175 0 1 2 3 4 5 0 8 15 21 26 30 A: Total fixed cost with two workers per day: $ B: Total variable cost with three workers per day: $ C: Total cost with four workers per day: S 0 25 50 B 100 125

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter4: Extent (how Much) Decisions

Section: Chapter Questions

Problem 4.2IP

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Bags/Participants Fixed Cost Variable Cost Total Cost 0 $1,700 $ - $1,700 100 $1,700 $500 $2,200 200 $1,700 $1,200 $2,900 300 $1,700 $2,700 $4,400 400 $1,700 $5,200 $6,900 500 $1,700 $9,000 $10,700 600 $1,700 $15,000 $16,700 700 $1,700 $23,800 $25,500 800 $1,700 $36,800 $38,500 900 $1,700 $55,800 $57,500 1,000 $1,700 $83,000 $84,700 Given the above information on cost, if you charge $15 per entry, what is the breakeven quantity of bags that you should order? At what quantity of bags will profits be maximized? A Use the profit maximizing rule, MR ≥ MC, buy 300 bags. B Use the profit maximizing rule, MR ≥ MC, buy 200 bags. C Use Qb = F/(MR-AVC) where Qb is the breakeven quantity to be determined, the optimal quantity of bags is 300. D Use Qb = F/(MR-AVC) where Qb is the breakeven quantity to be determined, the optimal quantity of bags is 200.
Write an essay on "Role and impact of technology on new-age leadership." essay should be of 1200-1400 words.
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Definitions: "Cost" is the actual expense of nurse wages, IV bags, meals, medications, lab tests and payment for the room and bed. "Charges" is the amount the hospital puts on its bill. Almost no one pays that. "Revenue" is the actual cash collected for the service. It is generally comprised of insurance payments and patient copayments. Part 1: Hospital Case Study: The number of patients at Harbordale Hospital increased from 120 to 144 from Monday to Tuesday. The hospital’s costs increased $720,000 to $722,000 as temporary nurses were called in to deal with the heavy patient load. Question: Explain in detail the changes Harbordale Hospital is experiencing.
Calculate total revenue given:- Profit = $500 Total cost = $1100