Q: Please refer to the figure below. The equation for p = 105-0.005D 25,000+65D W Y D (units sold) How…
A: Companies typically have two types of costs: fixed costs and variable costs, which add up to total…
Q: A certain type of computer costs RO 1000, and the annual holding cost is 20% of the value of the…
A: The EOQ is the optimum purchase amount of a business that reduces its overall costs associated with…
Q: AVERAGE TOTAL COST at this profit maximizing evel is O 7 O None of the above O 10
A: Answer: A (7) Explanation: The profit is maximum where the market price is equal to the marginal…
Q: Which statement is correct? Choose an answer O 1. The average fixed costs increase with the…
A: In long term, the price must be higher than the average cost that means contribution margin must be…
Q: Given the data provided in the table below, what will the fixed costs be when producing 4 units of…
A: The fixed cost are those costs which do not vary with the amount of good produced. The variable…
Q: Total Total Cost Output 1,000 2,000 2,800 3,500 4 4,000 4,500 5,200 7 6,000 8. 7,000 Refer to Table…
A: The total cost incurred by a firm operating in a market includes fixed costs and variable costs.…
Q: A shoe company will make a new type of shoe. The fixed cost for the production will be $24,000. The…
A: Profit is the amount which is calculated by deduct the cost from revenue , so here we calculate the…
Q: According to Little's Law, which statement is correct for a stable process: O a. For a given…
A: Consider the Little's Law: L = λ x W Where, L = L can be considered as the quantity of the average…
Q: Assume that in a typical construction job 35% of the work is done by common labor and 65% is done by…
A: Given : Work done by common labour = 35% Work done by skilled labour=65% Common Labour Index=24254…
Q: Which of the following is correct? The break-even point occurs when: Select one: O a. contribution…
A: Break even point occurs where the Total Revenue is equal to the total cost.
Q: Total Total Cost Output 1,000 2,000 2,800 3. 3,500 4 4,000 5. 4,500 5,200 7 6,000 8 7,000 Refer to…
A: MC= (TCn -TCn-1)/Qn-Qn-1AC = TC/Q.
Q: If Sherry produces three pairs of earrings, her total variable costs are: Number of Earrings TVC MC…
A: Given TVC = AVC ×Q TFC = AFC× Q TC = -TVC + TFC TC = ATC × Q TFC = TC at 0 units of production.…
Q: Vipsana's Gyros House sells gyros. She incurs a fixed cost of $120 per day. The cost of ingredients…
A: Given information, Fixed cost: $120 per day Variable cost: $2 Cost per worker per day: $60
Q: QUESTION 48 A fem has a Total Cost of $1000, of which $300 is Fixed Cost. If the firm a currently…
A: Average Cost is the per unit cost , here we calculate the AVC by using the given information and…
Q: Lulu hypermarket estimates daily demand of 18 kgs for a product. It costs RO 100 to make and receive…
A: D = 18x 365 S = 100H = 25% of 2 EOQ(Economic Order Quantity) = 2 x S x DH…
Q: In Exhibit 7-6, the total fixed cost is: O 1,000. O 3,000. O 5,000. O 6,000.
A: The total fixed cost is cumulative of all expenses incurred on the procurement of factors that…
Q: Refer to Table Cost.EX2. When production is 3 units, the firm's average total cost is about O No…
A: Total cost is the sum of total fixed costs and total variable costs. Average total costs is total…
Q: the demand function and total cost function for a product are 6P = 660 − 3Q, TC = 80 − 20Q2 + 600Q…
A: * SOLUTION :- (3) Given that, the demand function and total cost function for a product are 6P =…
Q: Ouput Total Cost $10 20 28 3. 38 4 53 73 98 Refer to the provided table. The marginal cost of…
A: The total cost of production is the total expenditure incurred on the production of the good or the…
Q: Consider the following table Output Total Cost 105 1 125 140 180 4 240 320 The fixed cost is given…
A: The cost that is in turn being incurred irrespective of the level of output is known as a fixed…
Q: Given that fixed cost =230 and variable cost=D12Q ; the total cost of producing 30 units of output…
A: Let's First understand what is total cost. Total cost is the sum of fixed cost and variable cost…
Q: If a firm's MC is $8 between output of 7 units and 8 units, and TVC is $150 when output is 7 units,…
A: Here, given information is: Total cost of 7 units= $150 Marginal cost of 8th unit (cost between 7th…
Q: In Exhibit 7-10, the publisher's fixed cost is equal to: O $200. O $100. $300. $50.
A: Fixed cost refers to the cost of production that does not change with a change in the level of…
Q: The fixed cost of a firm is 32000, the variable cost is 5 per unit, and the labour Cost is 10x²,…
A: Total cost includes all the cost that producer spend on the production of goods and services. It is…
Q: Output Total Fixed Cost Total Variable Cost $9 $0 1 $9 $5 $8 $9 $9 $10 4 $9 $11 $9 $12 dollars. The…
A: Total variable cost increases with increase in production and fixed cost is independent of output.
Q: According to the table below, what is the average total cost (ATC) of producing 145 units of output?…
A: Total cost is the sum of fixed cost and variable cost. Fixed cost remains same at all levels of…
Q: The table below sets out cost information for the production of volley balls. Some values are…
A: Quantity VC FC TC AVC MC 0 0 30 30 0 - 1 12 30 42 12 12 2 25 30 55 12 0 3 42 30 72 14 2…
Q: Get your Guns Up Photo sells three basic types of cameras for travelers. Their fixed costs are…
A: Meaning of Cost: The term cost refers to the situation under which a firm occurs various expenses…
Q: A decreasing Average Cost Function is consistent with a. Fixed Costs and an increasing Average…
A: The total cost incurred by a firm includes fixed costs and variable costs. Fixed costs will not…
Q: Output Total Cost 105 1 125 140 180 4. 240 320 The average fixed cost at a quantity of 2 is given by…
A: Formula: Average fixed cost= total fixed cost / output
Q: We have been asked to analyze our toy products by price (from $10.00 to $13.00 by 0.25) and quantity…
A: Given, Fixed Cost = $94,550 Material cost per toy = $4.77 Labor cost per toy = $3.17 The profit =…
Q: Which of the following statements related to cost estimation methods is true? O a. The three methods…
A: a)The aim of the cost estimation methods is to estimate fixed and variable cost. So, this option is…
Q: To enhance connectivity among its employees worldwide , XYZ organization initiated a project to…
A: Business process re-enginnering (BPR) is the task of improvement of existing processes which…
Q: 4. Average cost is defined as O a. total cost divided by marginal cost. b. total cost divided by…
A: The average cost is the cost that is calculated by the dividing sum of fixed and variable cost by…
Q: Please refer to the figure below. The equation for p = 105-0.005D 25,000+65D Y D (units sold) How…
A: Given: p=105-0.005D Cost curve equation : 25000+65D
Q: that a firm's total weekly costs are as follows: 1. Salaries of hired workers $5,000. 2. Supplies…
A: Costs are the expenses that firms incur during their production activities. Total costs of a firm…
Q: TOTAL PROFITS at the profit maximizing level of production is: 315 O 180 450 O 135
A: Answer: d (135) Explanation: Profit=Price-ATC×Quantity At equilibrium (P=MC), the price is $10 and…
Q: Assume Texas instruments company purchased inputs costing $15,000, paid wages to their workers…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: The ENR Building Cost Index in December 2019 and 2020 were reported to be 6,199 and 6,445…
A: Cost index measure the variation in prices of factors used in production process. It is also input…
Q: Consider the following table Output Total Cost 105 125 140 3. 180 4 240 320 The fixed cost is given…
A: Total fixed cost is the cost that is present even when output is 0.
Q: Accounting profits are: Select one. O a. equal to total revenues minus implicit costs. O b. the…
A: Explicit costs are those cost that is incurred out-of-the-pocket by the firms. This implies explicit…
Q: A firm has two factories. Factory 1 has the cost function c (s)- +90. The marginal cost for factory…
A: A firm has 2 factories - Factory 1 & Factor 2 TC1 = c1(y1) = y12+90 TC2 = c2(y2) = 2y22+10 MC1 =…
Q: Mary Berry Cakes produces 10 cakes per day. The marginal cost of the tenth cake is $15, and average…
A: The marginal cost is the additional cost of producing an additional unit of output. It is the…
Q: CoRidar the situation faced by à profit-maximizing firm with the cost curves depicted below. If the…
A: The correct answer is given in the second step.
Q: Output TC ($) 200 250 15 300 20 350 23 400 25 450 Refer to the information above to answer this…
A: We know that Total cost is equal to Fixed cost and variable cost . Total cost = Fixed cost +variable…
Q: Using the following assumptions calculate the marginal cost of both a simple cycle and combined…
A: SIMPLE CYCLE GAS GENERATOR Heat Rate = 10 GJ/MWH O& M Costs = $3.50 $ /MWH----(i) Tonnes of…
Q: Given that the profit function of a company is linear, if the manufacturer produces more than the…
A: The linear profit function measures the difference between the linear total revenue function and the…
Q: Break-Even The total revenue function for Frenchdoor refrigerators is given by R = 550x dollars,…
A: Given Total revenue function : R = 550x dollars Total cost function : C = 10,000 + 30x + x^2…
Q: QUESTION 17 If a company increases production from 1000 to 2000 units and total cost increase from…
A: Q17) "Marginal cost of production is obtained by dividing the change in total cost by change in…
Q: Consider a company with two plants that produce the same exact product. The company wants to…
A: The firm is minimizes the cost by producing good at the point where the marginal cost of producing…
Ñ6
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- What is die difference between accounting and economic profit?If accounting profit is $400000 greater than economic profit, what do implicit costs equal?Carlota Music Company estimates that the marginal cost of manufacturing its Professional Series guitars is C ′ (x) = 0.02x + 100 dollars/month when the level of production is x guitars/month. The fixed costs incurred by Carlota are $4000/month. Find the total monthly cost incurred by Carlota in manufacturing x guitars/month.
- Last year, a company introduced a new version of its main product. The product costs $24002400 to develop (i.e. the start up costs) and $3535 to manufacture each product. Do all the following problems on your page: i) Give a linear equation in the form C(n)=mn+bC(n)=mn+b that gives the total cost to produce nn of these products. Give your answer in function notation. No steps or work are required, just give the function. ii) Find the total cost to produce n=3500n=3500 of these products. Show what numbers you used in your arithmetic calculations. Use function notation in your work. Answer in a complete sentence form with units and context. iii) If the company has $5315053150, how many of these items can be produced? Use function notation in your work. Answer in a complete sentence form with units and context.Give an example of the Equivalent Annual Operating Cost?1. Last year, your company purchased a site license to the accounting software suite CookTheBooks® for $1,150. Yesterday, your IT department discovered that the software erroneously calculates 2 + 2 = 5 and suggested purchasing a replacement software, BeanCounter®, for $950. How should your company assess or quantify the cost of the decision to replace its software? The BeanCounter® software includes a monthly fee of $37 per site license (i.e., the fee to the company is $37 per month regardless of the number of computers on which the software is installed or how often it is used); how would the company characterize this cost (in terms of the concepts we've discussed this week which is short and long run production and cost)?
- Calbee spent $100 to make 10 face shields. Calculate the average fixed cost of each face shield if the total variable cost incurred was $50. Question 16 options: 1) $0.5 2) $5 3) $10 4) $50Your 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 helmets. Given the following fixed and variable costs and the volumes, calculate the total andunit costs.
- Give the formulas for cost and plot AFC, MC, AVC, and AC if the cost function isa C = 10+10q (MC = 10)b C = 10 + q2 (MC=2q).c C = 10 + 10q - 4q2 + q3 (MC = 10 - 8q + 3q2).Show the total cost expression and calculate the EOQ for an item with holding cost rate 18%, unit cost P8.00, annual demand of 40000, and ordering cost of P48. *
