Engineering Economy
Engineering Economy
16th Edition
ISBN: 9780133582819
Author: Sullivan
Publisher: DGTL BNCOM
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Chapter 3, Problem 41FE
To determine

Calculate the cost.

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If JMJ Industries realizes a profit of $4.00 per unit sold, what is the fixedcost portion of their production costs? Their variable costs are $1.50 per unit, and they sell 1000 units per year at a price of $6.00 per unit. (a) There are no fixed costs in this type of problem. (b) $250 (c) $500 (d) $2000
BVM manufactured and sold 25,000 small statues this past year. At that volume, the firm was exactly in a breakeven situation in terms of profitability. BVM’s unit costs are expected to increase by 30% next year. What additional information is needed to determine how much the production volume/sales would have to increase next year to just break even in terms of profitability?                                                                          (a) Costs per unit (b) Sales price per unit and costs per unit (c) Total fixed costs, sales price per unit, and costs per unit (d) No data is needed, the volume increase is 25, 000 + 25, 000(0.30) = 32, 500 units.
The capital share in Peru is a = 2/3. Relative to last year, capital in- creased by 20%, labor hours increased by 10%, and total output increased by 25%. Which is the closest approximation number for the growth in Total Factor Productivity, A? (a) -5% (b) 11.6% (c) 8.3% (d) 0%
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