ou own AAA Audio/Video Repair. You make service calls to customers’ homes to repair their audio/video equipment such as television sets and home theater systems. Your fixed costs are $10,000 per year, and your variable costs for each service call are $20. If you charge $75 for each service call, how many service calls will you have to make in order to break even

Q: Bessie wants to calculate the accounting and economic profits on her cattle farm in Nebraska. She…

A: a. Accounting profit = revenue - explicit cost  = 140000 - 130000 = 10000

Q: Competitive Firm Total Total Output Fixed Variable Total (Q) Costs Costs Costs $100.00 $0.00 $100.00…

A: please find the explained answer below.

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A: The shutdown point is defined as the intersection of the average variable cost curve and the…

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A: ATC is the average total cost which is per unit of output.  ATC=TCQ Fixed Cost is given as $200.

Q: FIGURE 7-2 $100 90 80 70 60 50 40 30 20 10 1 2 3 4 5 6 7 8 9 10 Quantity of Output Refer to Figure…

A: please find the answer below.

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A: Let x,y denote, respectively, the number of silver and gold pens the company manufactures in a week.…

Q: You are the chief financial officer for a firm that sells digital music players. Your firm has the…

A: Marginal cost: It is the cost of producing an extra unit.

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A: Average total cost (ATC), is the total cost per output.

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A: Accounting profit is a company's net income, which is revenue minus expenses. Economic profit is…

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A: As per given details, identification of each Brian's costs in the following table as either in…

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A: All the information is provided in the following table and formula used are as follows : Fixed Cost…

Q: Use the following data for answering Questions 3-6: The Haverford Company is considering three types…

A: The table for the costs of Plant C is given below:

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A: The break even point is a total cash inflow point, that would be equal and use the total cash…

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A: Stan : Low Fixed Costs  , High Variable Costs  Kyle : High fixed Costs , Low Variable Costs  Fixed…

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A: Free Maintenance cost for 200 hours cost after 200 hrs = $200/hour

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A: Total Cost = Total Fixed Cost + Total Variable Cost Fixed Cost will be same for all the units of…

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A: Answer -   Marginal cost = It is the cost that firm need to incur to produce one extra unit of…

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A: Given  The market price for beet pulp is $0.3  There are many identical firms in the market. The…

Q: Suppose you can either make computer chips or smartphone chips. If you produce computer chips, you…

A: Explicit cost is the cost that appears in the companies general ledger that directly affects the…

Q: Both Stan and Kyle own potato chip factories. Stan's factory has low fixed costs and high variable…

A: Stan : Low Fixed Costs  , High Variable Costs  Kyle : High fixed Costs , Low Variable Costs  While…

Q: In the example 7.2 the author provides the different cost components (sunk, fixed and variable) of…

A: Choosing Pizza Industry and the main component of this industry is Sunk Cost.

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A: Cost advantages accrue to companies when their production processes become more streamlined. By…

Q: Assume that the most efficient production technology available for making vitamin pills has the cost…

A: a) Output TC MC ATC 25000 100000 0.5 100000/25000= 4 50000 150000 1 150000/50000= 3 75000…

Q: Price = $20, quantity = 400 units, unit cost = $15, implicit costs = $4,000. What does economic…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

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A: Given: A cafeteria sells pastries to its customers sells them at = P60 per dozen The semi-annual…

Q: Quantity Fixed Costs Variable Costs Total Costs 0 100 0 100 1 100 75 175 2 100 160 260 3 100 ??? 340…

A: The measure that depicts expenses that are incurred for carrying out day to day transactions of a…

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A: Given, Factory rent - $500,000/month Salary       - $1,250,000/month Marginal printing cost =…

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A: It is given that the firm has a few fixed costs such as the rent which is equal to 60,000 per month,…

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A: Fixed costs are the costs that are incurred by the producers that do not change with the increase or…

Q: A purely competitive firm finds that the market price for its product is $20.00. It has a fixed cost…

A: Given : Market price=$20 Fixed cost=$100 Variable cost for first 50 units= $15 Variable cost for…

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

Q: Table 1A: Costs and Total Production for a Competitive Firm Total Total Total Total Marginal Average…

A: Total cost is the sum of Fixed and variable cost. Marginal cost refers to change in total cost or…

Q: A firm in a purely competitive industry is currently producing 1,200 units per day at a total cost…

A: The current output of firm= 1200 units per day The current total cost for 1200 output = $700 If the…

Q: The publisher of a new book figures fixed costs at $92,000 and variable costs at $2.10 for each book…

A: At the breakeven level of production, the firm will be exactly covering its total cost with the…

Q: Suppose Honda’s total cost of producing 4 cars is $225,000 and its total cost of producing 5 cars is…

A: Note : Since you have uploaded two questions together , only the first question shall be answered .…

Q: Assume that the most efficient production technology available for making vitamin pills has the cost…

A: OUTPUT TC MC ATC 25,000 1,00,000 0.50   50,000 1,50,000 1   75,000 1,87,500 2.5   1,00,000…

Q: A firm in a purely competitive industry is currently producing 1,200 units per day at a total cost…

A: a) Quantity  Total cost ATC 1200 500 0.42 1000 350 0.35 700 325 0.47 ATC = (Total cost /…

Q: A firm in a purely competitive industry is currently producing 1,400 units per day at a total cost…

A: As per our guidelines I answer only 1st question

Q: Assume that the most efficient production technology available for making vitamin pills has the cost…

A: "Average total cost (ATC) is the cost per unit of the output produced and this is computed by…

Q: Table Cost.EX2: Costs and Outputs for a Competitive Firm Total Total Output Fixed Variable (Q) Costs…

A: Answer: option d ($43.33; $56.67) Explanation: Average variable cost=Total variable…

Q: A firm in a purely competitive industry is currently producing 1,400 units per day at a total cost…

A: Since you have asked multiple subpart questions therefore, we will solve the first three-part for…

Q: Find TC, MC, AFC, AVC, and ATC from the following table. Instructions: Enter your responses rounded…

A:

Q: Peter's Pipers producers plumbing pipe. The long-run total cost of Peter's pipes is LTC =…

A: Average cost is the per unit cost of production

Q: uantity Price Total Fixed Costs Variale Cost Total Costs Average Variable Costs Average Total Cost…

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

Q: Situation 21-4 Joe is the owner-operator of Joe's Haircuts Unlimited. Last year he earned $200,000…

A: The implicit cost means cost which is not expressed directly. It is also called the opportunity…

Q: Jaskier can only produce output in integer units. His Fixed cost is $200 and his Total Cost of…

A: AVC is the variable cost per unit of output. Mathematically, AVC=VCQ

Q: Use the following data for answering Questions 3-6: The Haverford Company is considering three types…

A: For the above question, the correct alternative is B.