Q: In the context of process analysis a. _____ can help eliminate or minimize bottlenecks. b. _____…
A: A bottleneck is a stage in a process that restricts the overall capacity of the process. In a…
Q: The processing time for each activity is given as follows: Processing time per customer 2 seconds 30…
A: *Answer: Processing time of bottleneck activity = 60 seconds Capacity per hour = (1*Number of…
Q: A call center in India used by U.S. and U.K. credit card holders has a capacity of 1,500,000 calls…
A: Given, Total capacity of call annually = 1,500,000 Total fixed cost = $ 850,000 Average variable…
Q: Cost in oil and gas operations may be classified into a number of non-mutually exclusive groupings…
A: Cost is the expenditure that is incurred in the production of goods and services. It means the total…
Q: Compare and contrast economies of scope and economies of scale. Be sure to include outside sources.
A: Average total cost signifies the amount of dollars expended on developing an average unit of the…
Q: Below are the study cases referring specific type of cost involved, you are required to state the…
A: There are majorly two types of costs involves against any item which are as follows: \ Fixed Cost :…
Q: a) Determine the variable cost per unit and the fixed cost using the high-low method. b) What is the…
A:
Q: The preliminary cost for a 50,000 ft2 aircraft hangar must be estimated. (a) The first unit estimate…
A: a. Size (S) is 50,000 square feet. The cost per unit (Q) is $98.23. The total cost can be calculated…
Q: Fixed Costs are expenses that: Multiple Choice Do not change as production changes. They are usually…
A: Fixed cost are the cost that do not depend on level of production
Q: Problem One: The fixed cost for a company is 1200 OMR and the variable cost is 2 OMR per 100 unit.…
A: The money spent to purchase the factor of production to produce the goods and services by firm is…
Q: Savemart needs 1000 coffe makers per year. The cost of each coffee maker is $78. Ordering cost is…
A: The quantity of coffee needed annually = 1000 Cost of each coffee machine = $78 Per order cost or…
Q: Two people developed first-cut cost estimates to construct a new 130,000 square foot building on a…
A: a. The total cost of construction for A (TCA) can be calculated as follows: The total cost of…
Q: "Toyota motor corporation with labor incentive manufacturing processes are most likely to benefit…
A: As Toyota motor corporation has a labor intensive production technique for the production of its…
Q: Identify the following as primarily public or private sector undertakings: eBay, farmer’s market,…
A: Public sector undertakings are the enterprises that are owned and controlled by the government or…
Q: ATC4 LRATO ATC ATC OUTPUT COST PER UNIT
A: Average total cost is the total cost incurred for a single unit of output out of the total output.…
Q: A manufacturer has to supply his customer with 600 units of his products per year. Shortage are not…
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: Though they tend to be cost and time overruns; costless and inexpensive to the tax payers,…
A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…
Q: In the design of a jet engine part, the designer has a choice of specifying either an aluminum alloy…
A:
Q: A pharmaceutical company manufactures two brands of vaccines. The annual demand and cost functions…
A: Given, A pharmaceutical company manufactures two brands of Vaccines A and B The Price of Vaccine A…
Q: A small company produces organic cookies. When the price is $9.00 per dozen, the average daily sales…
A: TR=p*qTR=p*x (quantity is expressed in terms of x)TR=xpNow,TC=FC+VCTC=55+(0.70x) .....…
Q: In a modified B/C ratio: Select one: a. M&O costs are put in the denominator. b. Dis-benefits are…
A: The benefit-cost ratio is the ratio of the present value of the benefit to the present value of…
Q: From the standpoint of the final solution (amount of input used and the resulting amount of output…
A: Profit maximizing level of output for a firm is at the point where marginal revenue equals marginal…
Q: Arthur crafts miniature chocolate dollhouses which he sells for $28 each. Arthur has calculated the…
A: The markets in an economy are made up of two sides, the demand side and the supply side. The markets…
Q: Which of the four characteristics of general purpose technologies have the least impact on…
A: In economics, a general purpose technology can be considered bas more beneficial than the technology…
Q: Cost that is affected by a management decision is known as ____________ A. Historical cost…
A: The firms in the market bear a lot many costs and these costs affect the firms’ functioning and…
Q: A businessman is considering opening a small specialized trucking firm. To make the firm profitable,…
A:
Q: In 2019, X Company sold 5,250 units of its only product. Total revenue was $1,345,575, total…
A: Total Revenue is the total amount earned by the seller after selling the goods and services or we…
Q: An understanding of the underlying behavior of costs helps in all of the following EXCEPT:…
A: Any firm has to incur costs when undertaking the production of a commodity or a service. The costs…
Q: What evaluation criterion is used in economic analysis?
A: In economic analysis, while judging the viability of a project or while making any investments…
Q: An enterprising student has set up an internship clearinghouse for business students. Each student…
A: Under the first method (traditional) 20 minutes are required to view the form and arrange the…
Q: Economies of Scope refers to situations where per unit costs are:
A: Economies of Scope refers to situations where per unit costs are lower with more product types. This…
Q: The most difficult method of budgeting is... Objective and task Competitive parity Affordable…
A: Budgeting refers to the action of an individual when he makes a plan to record the estimate revenue…
Q: All of the following are examples of noneconomic factors except: (a) Availability of resources (b)…
A: Economic Factors: The term economic factors are often used in context with economic growth. The…
Q: If the establishment or manufacturing company finds new raw materials, or less expensive, or…
A: Cost of production:- The phrase "production cost" relates to all the expenses incurred whenever a…
Q: Costs 0 MC D ATC
A: The firm will shut down it's operations and exit the market at a point for a competitive firm is…
Q: Sanchez Trucking has been experiencing delays at its warehouse operations. Management hired a…
A: * SOLUTION :- (7) Given that ,
Q: Multiple Choice Question : Please select all of the following that are true regarding cost structure…
A: Thank you for the question. Since you have posted multiple sub-parts. As per BNED policy we will…
Q: True/False Total cost can never be zero
A: # Total cost is given by the sum of total fixed cost and the total variable costs. TC = TFC + TVC
Q: A manufacturing firm has received a contract to assemble 1000 units of test equipment in the next…
A: Number of units to be assembled = 1000 units Rate of skilled worker = $33 per hour Time taken by…
Q: contribution margin per unit. b. deciding whether fixed costs would change as a result of the…
A: When several products are sold by a company, the management will be interested in finding out…
Q: A police department wants to allocate the indirect cost of speed monitoring to the three toll roads…
A: The police department wants to allocate the cost to the three different toll roads because it wants…
Q: In the breakeven analysis, fixed costs are constant. Over time these expenses can change. Give some…
A: Fixed costs of production are that part of company's costs which remains same at each level of…
Q: A tire dealer buys 4000 tires a year from a local distributor. Each tire costs $75, the ordering fee…
A: The above question is based on the concept of "Economic Order Quantity". The problem is regarding…
Q: Wiebe Trucking, Inc., is planning a new warehouse to serve the western United States. Denver, Santa…
A: Total Cost(TC) is the overall cost(C) that is incurred during the production process. The total…
Q: ABC Company has a product that sells for $400 per unit and its variable cost per unit is $260.…
A: Contribution margin is the selling price per unit minus variable cost per unit.
E2
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- As shown in the figure, the total cost of producing 100 units of output per day is. Single choice.a. $250.b. $500.c. $750.d. $1,000.When the inflation rate rises, the purchasing power of nominal income. Single choice.a. remains unchanged.b. decreases.c. increases.d.changes by the inflation rate minus one.Which is a barrier to entry?. Single choice.a. patentsb. revenue maximizationc. profit maximizationd. elastic product demandInflation is. Single choicea. an increase in the general price level.b. not a concern during war.c. a result of high unemployment.d. an increase in the relative price level.The economic incentive for price discrimination depends on:. Single choice.a. prejudices of business managers.b. differences among sellers' costs.c. a desire to evade antitrust legislation.d. differences among buyers' demand elasticities.Changes in oil prices can affect the inflation-unemployment outcome, explain what effect changes in oil prices may have on these two variables.Suppose the world price of steel falls substantially. The demand for labor among steel-producing firms in Pennsylvania willdecrease . The demand for labor among automobile-producing firms in Michigan, for which steel is an input, willincrease . The temporary unemployment resulting from such sectoral shifts in the economy is best described asfrictional unemployment. Suppose the government wants to reduce this type of unemployment. Which of the following policies would help achieve this goal? Check all that apply.
- All prices rise evenly during periods of inflation and deflation.TrueFalseThe development of a nationwide computerized job banklisting of all job openings would be most likely to reduce: a)natural unemployment. b)frictionalunemployment. c)seasonalunemployment. d)cyclical unemployment.The inflation rate in India was recorded at 4. 70 percent in May of 2013. Inflation Rate in India is reported by the Ministry of Commerce and Industry. Historically, from 1969 until 2013, India Inflation Rate averaged 7. 73 Percent reaching an all time high of 34. 68 Percent in September of 1974 and a record low of -11. 31 Percent in May of 1976. In India, the wholesale price index (WPI) is the main measure of inflation. The WPI measures the price of a representative basket of wholesale goods. In India, wholesale price index is divided into three groups: Primary Articles (20. 1 percent of total weight), Fuel and Power (14. 9 percent) and Manufactured Products (65 percent). Food Articles from the Primary Articles Group account for 14. 3 percent of the total weight. The most important components of the Manufactured Products Group are Chemicals and Chemical products (12 percent of the total weight); Basic Metals, Alloys and Metal Products (10. 8 percent); Machinery and Machine Tools (8.…
- True/False/Uncertain The skill-biased technical change (SBTC) hypothesis states that if the technological advances that are being introduced constantly into the labor market are good substitutes for unskilled workers and complement the skills of highly educated workers, this type of technological change would lower the demand for unskilled labor and increase the demand for skilled labor. THE ANSWER SHOULD BE VERY CLEAR AND DETAİLED, THANK YOU!!!The positive relationship between inflation and unemployment in the Philips curve comes from that: Answers: A. Firms has adaptive expectation. B. Job searchers overestimate the future inflation. C. Firms have no expectation. D. Job searchers underestimate the future inflationSuppose the world price of steel falls substantially. The demand for labor among steel-producing firms in Pennsylvania willdecrease . The demand for labor among automobile-producing firms in Michigan, for which steel is an input, willincrease . The temporary unemployment resulting from such sectoral shifts in the economy is best described asfrictional unemployment.
- Question: Demand-pull inflation occurs when: A) Costs of production decrease B) Aggregate demand exceeds aggregate supply C) Consumer savings increase D) Government spending decreasesWhich of the following statements is incorrect? a. A decrease in the labor participation can make the unemployment rate decline. b. When the BLS puts out Employment Situation report each month, it also provides the results about employment, hours worked, and employee earnings from Establishment Survey. c. Every month, the BLS computes the unemployment rate based on a survey of about 60,000 households (Current Population Survey). d. The broadest measure of labor underutilization, known as u6, is the sum of total unemployed, marginally attached workers, and part time workers for economic reasons as a percent of the civilian labor force. e. None of the above are incorrect.________________ is inflation that results from a decrease in the aggregate supply curve while the aggregate demand curve remains fixed. This is an undesirable condition. Select one: a. real inflation b. none of the answers are correct c. government inflation d. nominal inflation