Question A company produces and sells 6, 400 recliners each year. Each production run has a fixed cost of $400 and an additional cost of $35 per recliner. To store a recliner for a full year costs $8. What is the optimal number of recliners the company should make during each production run? Do not include units with your answer.
Q: Every year, Danielle Santos sells 53,856 cases of her Delicious Cookie Mix. It costs her $1 per year…
A: N = 53,856 F = 748 C1 = 1 C2 = 4
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A: Answer- Need to find- If Mark produces five pairs of earrings, his total costs are Given in the…
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A: (1) The AVC corresponding to 6000 units of output is $4 per unit Hence, the AVC at 6000 units of…
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A: Given that, The increasing rate of Hamburgers = 30/day Cost of one Hamburgers = $1.15 The daily cost…
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A: a. Variable cost for 50 units = VC × Quantity = 17.50 × 50 = 875 Average variable cost = VC / Qty =…
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A: Answer to the question is as follows:
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A: To find : The short run.
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A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: TC = 134 + 20Q + 4Q2 What is the average fixed cost when 11 units are produced? Enter as a value.…
A: TC=134+20Q+40Q2AFC=134+20Q+40Q2QNow,AFC11=134+20(11)+40(11)211 =5,19411 =472.18
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A: Average total cost is referred to as the sum total of all production costs divided by the total…
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A: Fixed cost of production = $10000 Variable costs of production = $100 Number of units produced = 5
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A: There are two types of costs, one is fixed and other is variable.Fixed cost does not depend on…
Q: A firm manufacture robots, for which $10000 machinary is used. The additional per unit cost is $100.…
A: Given fixed cost = $10000 Variable costs = $100 Number of units = 5
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A: Introduction Marginal cost of machine 1 = variable cost + material cost = 2 + 4 = $6 Total MC of…
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Q: A firm estimates its production function as Q = 2.4 + 30*L -.5*L2 + 30*K -1.00*K2 + 15*F -.3*F2.…
A: Q = 2.4 + 30*L -.5*L2 + 30*K -1.00*K2 + 15*F -.3*F2. Total cost is TC = $2.5*L + $2*K + $.75*F. w =…
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A: We use the following formula to get the number of hours needed for the eighth unit to be assembled.…
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A: Given; Price of variable input= $3000/unitPrice of output= $150/unitTFC= $7500
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A: As given marginal cost is C'(X) = 0.02X +100 and Fixed cost = $4000/ month
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A: Total cost is the cost faced by the producer for producing the goods and services and the Average…
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A: Total cost TC = 1500 Fixed cost FC = 900 Varibale cost = Total cost - fixed cost
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A: First Unit (T1) = 17 we need to find T7 According to Learning curve formula, Yx = kxnThe assembled…
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A: Total cost : C(X)= 30000+ 200x Average cost is given by : total cost / output So in the above…
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A: Price = 30 fixed Cost = 400,000 Variable Cost = 10 Sales amount = 50,000
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A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost…
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Q: m estimates its production function as Q = 2.4 + 30*L -.5*L2 + 30*K -1.00*K2 + 15*F -.3*F2. Total…
A: Q= -2.4 + 20L - 0.5L2 + 30 K - K2 + 15F - 0.3F2 TC = 2L + 2.5K + 1.75F w = 2, r = 2.5, f=1.75 (the…
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A: Economy of scale is the improvement that a company acquires from the size or scale of manufacturing.
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A: Time required to produce first unit = 37 minutes Learning curve = 65% Output rate = 13 units per…
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A: Since you have asked a question with multiple subparts, we answer the first three for you. If you…
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Q: A firm manufacture robots, for which $10000 machinary is used. The additional per unit cost is $100.…
A: Here machinary is the fixed cost = $10000 Variable costs = $100 Number of units = 5
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- Answer all parts please Go Green is a business selling worm farm start-up kit for $12 each. This year, Go Green's fixed cost totals $110,000. The variable cost per kit is $7. a. What is the break-even point in number of kits? b. How many kits does Go Green needs to sell to earn a profit of $70,000? c. If the total fixed cost increases to $160,000 next year: i. What will Go Green's break-even point be in number of kits? ii. What profit (or loss) will Go Green have if it sells 30,000 kits? iii. How many kits will Go Green have to sell to earn a profit of $70,000?Your firm has discovered a cheap and efficient technology of turning used plastic bottles and bags into various products. You limit your attention to the following two production options: you can produce plastic utensils or helmets. In the "utensils" case your estimat ann revenue $25,000, while production will cost you $8,000. However, in your "helmets" option, you expect to sell 2000 helmets every year at $10 each and the average total cost of every helmet will be $3. What is your accounting ?profit if you decided to produce helmetsA job with a 88% learning curve costs $30 for the initial unit. The fourth unit should cost approximately $16.2 $21.8 $23.2 $25.3 $27
- Agree or Disagree and Why: One year ago, I loaned a friend $1000 and he just paid me back the whole $1,000. The loan did not cost me anything. An oil refinery bought millions of barrels of oil four months ago for $80 per barrel, compared to $120 / barrel today. The cost of using those barrels of oil to produce gasoline today is still $80.Samantha Ross is the procurement manager for the headquarters of a large Financial company chain with a central inventory operation. Ross’ quick-moving inventory item has a demand of 7,000 units per year. Each unit cost $120, and the inventory holding cost is $15 per unit per year. The average ordering cost is $31 per order. It takes about 6 days for an order to arrive. (This is a corporate operation, and there are 250 working days per year.) a) What is the average inventory if the EOQ is used? b) What is the optimal number of orders per year?Please answer C with new equipment106,000cost is
- The costs of producing a certain commodity consist of 125.00 per unit for labor and material cost and 320.00 per unit for other variable cost. The unit can be sold at 1,200.00. If the production capacity per month is 5,200 units, what maximum fixed amount can the company spend each month of breakeven? Answer: 3,926,000.00 Explain every process.A seasonal bus tour firm has 5 buses with a capacity of 60 people each. Each customer pays $25 for a one-day tour. Records show $360,000 in fixed costs per season, incremental costs of $5 per customer, and an average daily occupancy of 80%. The number of days of operation necessary each season to break even is closest to which value? (a) 50 days (b) 75 days (c) 100 days (d) 120 days?Owen conner works part time packaging software for a local distribution company in indiana. The annual fixed cost is $15,000 for this process, direct labor is $4.00 per package, and material is $5.00 per package. The selling price will be $15.00 per package. How much revenue do we need to take in before breaking even? What is the break even point in units?
- Please indicate which multiple choice awnser is correct for question 1.1)1.2)1.3)Please indicate it correctly as I have had this awnsered with different letters to the awnser I was told 1.1 - A firm trebles its inputs and discovers that its output rises by a factor of four. This is an example of;Select one or more:a. constant returns to scaleb. diminishing returns to a variable factor c. increasing returns to scaled. economies of scale1.2 - Diseconomies of scale are present when.... Select one or more:a. marginalcostsriseb. long run average costs rise as output rises c. totalcostsfallasoutputrisesd. total costs rise as output rises 1.3 - If the demand for a firm’s product is price inelastic, this implies that Select one or more: a. price changes have no impact on quantity demandedb. a fall in price of 3% will lead to a decline in quantity demanded of more than 3%c. a rise in price will raise total expenditure on the goodd. a 5% rise in price will result in a fall in quantity…Holding costs are 35 MU/unit/year. The ordering cost is 120 MU/order, andsales are reletively constant at 400/month.a) What is the optimal order quantity?b) What is the annual total inventory cost? Please mention formulas and do it in detail so I can understand.Martinez Company's relevant range of production is 7,500 units to 12,500 units. The unit costs when it produces and sells 10,000 units are provided in the table. If 12,500 units are sold, what is the variable cost per unit sold? Amount per unit ($) Direct materials 6.00 Direct Labor 3.50 Variable manufacturing overhead 1.50 Fixed manufacturing overhead 4.00 Fixed selling expense 3.00 Fixed administrative expense 2.00 Sales commissions 1.00 Variable adminsitrative expense 0.50