The total cost of an MBF plant is 35,000 units if it produces 500 products, and a total cost of 60,000 units if it produces 1,000 units of the same product. If each number of products is sold at a price of 100 monetary units, it is recommended: a. Draw a diagram to determine its breaking point. B. If we want to make a profit of 20,000 units by selling 1,500 products, what is the variable cost? P(Profit) = pQ-(F+vQ) TR=pQ Q=F/(p_v) TC=F+vQ

Q: Wongstah Software Corp. had a net income of $68,000, total revenue of $455,000, and total variable…

A: Total variable value refers to expenses that fluctuate in respect to total production over time.…

Q: The manufacturer of an energy drink spends $1.28 to make each drink and sells them for $3.27. The…

A: Given information: A manufacturer of energy drinks spends $1.28 to make each drink and sells them…

Q: If Mark produces five pairs of earrings, his total costs are   a. $370.  b. $360.  c. $320.  d.…

A: Answer- Need to find- If Mark produces five pairs of earrings, his total costs are Given in the…

Q: It is demonstrated that sometimes extensive diseconomies of scale, say, due to high transportation…

A: GIVEN   It is demonstrated that sometimes extensive diseconomies of scale, say, due to high…

Q: You are analyzing a new company’s records projecting their profits using a marginal profit function,…

A: We are going to use marginal approach to answer this question.

Q: Given the information that follows: Salefixed s = 750,000; explicit costs = 450,000; return you…

A: The profit is the difference between the revenue and the cost. There are different type of profit…

Q: A. Will you invest a project that requires a $ 200,000 today and returns $50,000 at the end of the…

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

Q: Suppose a company has fixed costs of $28,600 and average variable costs given by AVC(x)==x + 222…

A:

Q: Cost, Revenue & Profit For these problems, xx will represent the number of items and yy will…

A: Slope intercept form: Y=AX + B

Q: 3- Given the total-cost function C(Q) = Q³ – 5Q² + 12Q + 75, Write out the marginal cost function.…

A: Marginal cost indicates the extra cost of producing one additional unit of output. The function for…

Q: Assume that B = -Q 2 + 4,500Q and C= 2Q 2 are the benefits and costs of increasing the units of…

A: Answer: Given, Benefit function, B=-Q2+4,500Q Cost function, C=2Q2 (A). Profit: profit refers to the…

Q: If the total cost for producing widgets can be represented by TC = 8,000 + 0.75*X, where X is the…

A: Given Information: Total cost (TC) = 8,000+0.75*x Total revenue (TR) = 4.00*x = 4x Number of widgets…

Q: Calbee spent $100 to make 10 face shields. Calculate the average fixed cost of each face shield if…

A: Given  Total Cost = $100 Quantity = 10 units  Total Variable Cost = $50   Total Cost = Total Fixed…

Q: A firm can produce at most x = 75 units per month, and their marginal cost function has been…

A: We are gong to find the production level which maximizes the output; Break-even quantity to answer…

Q: Consider the table below to answer the question that follows: Q TFC TVC TC AFC AVC ATC MC 0 500 0…

A: When the amount of an output increases by one unit, the cost rises by a certain amount, known as the…

Q: The cost of producing 5-gallon water bottles is given by C(q) = 0.005q2 + 2q + 1000. If 2000…

A: Total costs, C(q) = 0.005q2 + 2q + 1000. Quantity = 2000 units

Q: ou own AAA Audio/Video Repair. You make service calls to customers’ homes to repair their…

A: Fixed cost = 10,000 Variable cost = 20/service

Q: OHaganBooks.com generates revenue through it o'Books e-book service. Author royalties and copyright…

A: We are going to solve for profit maximisation to answer this question.

Q: If a firm's total costs are $100 when 10 units of output are produced and $103 when 11 units of…

A: Marginal cost is the additional cost incurred with an additional unit produced.

Q: A musical Disc is being produced by a music recording studio, and the company estimates that it will…

A: Answer: Given, Fixed cost (FC)=$100,000Variable cost per unit (VC)=$6.75 per unitPrice of disc…

Q: Assume that the total cost (fixed costs and variable costs) of producing 15,000 units of a good…

A: The cost plus mark-up is the difference between  actual price of product and the cost of production.…

Q: d) Given that Rock star’s cost function is TC(Q) = 1000 + 50Q². Determine the marginal cost and…

A: According to the question, given that the total cost of production is given by TC(Q) = 1000 + 50Q^2…

Q: a) Estimate from the graph i) the break-even points e) How would your answers for break-even points…

A: (a) The breakeven point is a situation where revenue earned by the firm is exactly equal to its cost…

Q: A division of a company produces income tax apps for smartphones. Each income tax app sells for $7.…

A: *ANSWER :-

Q: A company has cost and revenue functions, in dollars, given by C(q) = 6000 + 10g and R(q) – 12q .…

A:

Q: If the price of catfish changed from $13 to $14 per bushel, determine the Assessment Tool iFrame…

A: When price increases from $13 to $14:- Number of bushels Price  Total Revenue Total Cost Total…

Q: Break-Even Point The break-even point for a company is where costs equal revenues. Therefore the…

A: In short run, each and every firm focus to recover variable cost and ready to bear fixed cost .

Q: Vegemite has been recently introduced to the Chinese market. It sells for the equivalent of $2 per…

A: Given  Price of vegemite (P)=$2 per jar Variable cost of vegemite VC = $0.50 per jar Fixed cost (FC)…

Q: Total costs increase from $1,500 to $1,800when a firm increases output from 40 to50 units. Which of…

A: With MC is constant then it means that that the cost of producing each 10 units is same. Therefore…

Q: Suppose you are the manager of a fim The accounting department has provided cost estimates Analyze…

A: Profit is revenue minus cost i.e., Profit = Revenue - Cost At break-even quantity, profit is zero…

Q: You are interested in starting a used car dealership in your country. Provide examples with…

A: Implicit cost is simply the cost provided variables of creation and hence are not paid in money…

Q: Given total revenue (TR) and total cost (TC) functions as 2. TR 14000Q-6Q and TC 1500+80Q. Find the…

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

Q: Suppose a company has fixed costs of $32,000 and variable costs of 4/9x + 333 dollars per unit,…

A: Fixed cost= $32000 Variable cost= 4/9x+333 Selling price= 1365-5/9x

Q: You are considering opening a copy service in the student union. You estimate your fixed cost at…

A: Given: Total fixed cost = $15000 Price = $0.05 Variable cost = $ 0.01

Q: Ace Shoe Company sells heel replacement kits for men's shoes. It has fixed costs of $6 million and…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: (Alternative Measures of Profit) Calculate the accounting profit or loss as well as the economic…

A: The formula for calculating accounting profit is given below. Accounting profit=Total…

Q: A manufacturer estimates that its product can be produced at a total cost of C(x) = 55,000 + 100x +…

A: The profit is maximized where the MR=MC.

Q: Suppose that you can sell as much of a product (in integer units) as you like at $74 per unit. Your…

A: The price received for a good is the compensation given by the buyers to the sellers for producing…

Q: ABC Ltd. makes a television table that sells for $60 per unit. It has variable costs of $20 per unit…

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

Q: A firm earns normal profit Selected Answer: c. when explicit costs equal implicit costs. Answers: a.…

A:

Q: Given - p=35−0.5QTC=0.5Q2+5Q D)What are the break-even quantities? E)What quantity minimizes total…

A:

Q: Assume TC = 400 + 2Q3 What is the marginal cost at the 4th unit? Enter as a value.

A:

Q: c) Graph P. d) Use your graph of P to estimate the number of panels that give maximum profit. e) How…

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

Q: If the total cost is C = 0.2Q³ – 4Q² + 1000, what is the marginal cost when Q = 10? A. 800 В. 20 C.…

A: Marginal cost is the change in cost in order to produce one more unit. Marginal cost is the first…

Q: A firm can produce at most x = 2500 units per month, and their marginal cost function has been…

A: Total cost for 30 units is 70,000 Marginal Cost for 30 units is 1200+x TVC is the summation of MC.…

Q: Given = TC = f(q) = 0.3q2 -105q + 120,000 What volume should be produced for minimum cost?  What…

A: Ans. The cost minimization level of output is 175 units.

Cost of Production

The entire idea of the cost of production or production cost is applied corresponding, or we can say that it is related to monetary cost. Money cost refers to any money expenditure which the firm or supplier, or producer undertakes in purchasing or hiring factor of production or factor services.