Microeconomics, Student Value Edition (6th Edition)
6th Edition
ISBN: 9780134125756
Author: R. Glenn Hubbard, Anthony Patrick O'Brien
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 8, Problem 8.3.6PA
To determine
The cost of producing pizza for Paolo and Alfredo.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
Do it on paper sheet not in ms word.
A book that sounds just perfect for me, Kate Raworth’'s Doughnut Economics available on Amazon for $28.35 for the hardback and $15.04 for paperback. From the publisher’s perspective, the difference in the cost between each version of the book seems negligible; it may cost a little bit more to produce the hard cover, but certainly not twice as much. Hardback versions usually also get published a few months before paperback versions are published. How do you explain the different prices for essentially the same product, given that the cost to the publisher of providing each type of book is basically the same?
Amazon also offers the Kindle digital e-book version for $11.87. The cost to Amazon to produce a new “copy” for the next consumer is virtually nothing; just the sending of some data to the customer’s device. Why is Amazon able to charge $11.87 when its cost is basically zero and the market for books is likely very competitive?
Although Goldman Sachs paid Heather $110,000.00 per year, she was not satisfied with her job. She had loved going white-water rafting and skiing
with her family in Utah since she was a little girl. So last year, she decided to open her own business: Family Adventures. During the summer, she takes
families on different white-water trips, and in the winter, she leads clients on skiing trips. To start her business, Heather borrowed $100,000 from a
bank and used $80,000.00 of her savings. Her savings earned 10% interest. At the end of the year, she wanted to know whether her new business
venture was worthwhile. The table below lists her total revenue and itemized costs for Family Adventures.
Annual Dollar Value
$220,000.00
$140,000.00
Item
Total revenue
Employee wages
Rent on her business office
$25,000.00
Payments on bank loan
Utility and gas expenses
$10,000.00
$5.000.00
Chapter 8 Solutions
Microeconomics, Student Value Edition (6th Edition)
Ch. 8.A - Prob. 1RQCh. 8.A - Prob. 2RQCh. 8.A - Prob. 3RQCh. 8.A - Prob. 4RQCh. 8.A - Prob. 5RQCh. 8.A - Prob. 6PACh. 8.A - Prob. 7PACh. 8.A - Prob. 8PACh. 8.A - Prob. 9PACh. 8.A - Prob. 10PA
Ch. 8.A - Prob. 11PACh. 8.A - Prob. 12PACh. 8.A - Prob. 13PACh. 8.A - Prob. 14PACh. 8 - Prob. 8.1.1RQCh. 8 - Prob. 8.1.2RQCh. 8 - Prob. 8.1.3RQCh. 8 - Prob. 8.1.4RQCh. 8 - Prob. 8.1.5RQCh. 8 - Prob. 8.1.6PACh. 8 - Prob. 8.1.7PACh. 8 - Prob. 8.1.8PACh. 8 - Prob. 8.1.9PACh. 8 - Prob. 8.1.10PACh. 8 - Prob. 8.1.11PACh. 8 - Prob. 8.1.12PACh. 8 - Prob. 8.1.13PACh. 8 - Prob. 8.1.14PACh. 8 - Prob. 8.1.15PACh. 8 - Prob. 8.2.1RQCh. 8 - Prob. 8.2.2RQCh. 8 - Prob. 8.2.3RQCh. 8 - Prob. 8.2.4PACh. 8 - Prob. 8.2.5PACh. 8 - Prob. 8.2.6PACh. 8 - Prob. 8.2.7PACh. 8 - Prob. 8.2.8PACh. 8 - Prob. 8.2.9PACh. 8 - Prob. 8.2.10PACh. 8 - Prob. 8.2.11PACh. 8 - Prob. 8.2.12PACh. 8 - Prob. 8.2.13PACh. 8 - Prob. 8.3.1RQCh. 8 - Prob. 8.3.2RQCh. 8 - Prob. 8.3.3RQCh. 8 - Prob. 8.3.4RQCh. 8 - Prob. 8.3.5PACh. 8 - Prob. 8.3.6PACh. 8 - Prob. 8.3.7PACh. 8 - Prob. 8.3.8PACh. 8 - Prob. 8.3.9PACh. 8 - Prob. 8.4.1RQCh. 8 - Prob. 8.4.2RQCh. 8 - Prob. 8.4.3PACh. 8 - Prob. 8.4.4PACh. 8 - Prob. 8.4.5PACh. 8 - Prob. 8.4.6PACh. 8 - Prob. 8.1RDECh. 8 - Prob. 8.2RDECh. 8 - Prob. 8.3RDECh. 8 - Prob. 8.4RDE
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Similar questions
- The 8th graders are volunteering to make and sell organic pesticides, called Sweet4Bees, that will protect plants in local gardens without harming bees. The teens also plan to donate some of their product to local nursing homes to use in their gardens. Jade is so excited! She's already started a business log in her notebook, including a graph with a break-even point of 34 bottles sold. Suppose all Jade's notes become true. What is the club's overall profit per ounce of pesticide solution, when 26 bottles have been donated to the nursing homes? Round to the nearest cent. Sweet4Bees Business Log Sweet4Bees! Production Expenses: $1.45 (empty bottle), $0.05 (label), cost of ingredients (not sure right now, I'll call it $m) Taxes & Fees: none! Sales Selling Cost: $9.72/bottle Start-Up Expenses: $65.88 Expenses (high-speed mixer), $55 (pans), $26 (kitchenware) • Each bottle holds 12 oz of pesticide concentrate.* Directions for preparing solution: Mix 7 parts water to 1 part Sweet4Bees…arrow_forwardWhat does Immelt mean when he says GE will become a “platform” and “app”company?arrow_forwardConsider the diagram below: Don,t copy from anywhere. Answer must be correct. Do all answer step by step.arrow_forward
- https://www.youtube.com/watch?v=6EDCnhbUpgE Modern logistics! It would be hard to imagine our daily digital lives without them. As consumers, we can shop online every day and any hour of the day. We expect everything to arrive on time – whether clothing, printer spare parts or a set of screws. Online shopping is booming: in 2018, courier, express and parcel services, the so-called CEP sector, delivered around 3.5 billion shipments in Germany alone. And this is an upward trend. But how does all this work so smoothly, safely and on time? After all, we live in turbulent times: digitalization, climate crisis, growing world population and political and economic instability. How does the logistics industry rise to such challenges? For answers to these questions we need to dive deep into the world of modern logistics. Our film takes us into huge, fully connected warehouses, watching as fleets of cargo planes are prepared for take-off at night and accompanying couriers on delivery bikes on…arrow_forwardWrite it on a paper with clear solutions. Thanksarrow_forwardJust-in-Time Kanban Systems?arrow_forward
- Break-Even Analysis Your buddy comes to you with a sure-fire way to make some quick money and help pay off your student loans. His idea is to sell T-shirts with the words “I get” on them. “You get it?” He says, “You see all those bumper stickers and T-shirts that say ‘got milk’ or ‘got surf.’ So this says, ‘I get.’ It’s funny! All we have to do is buy a used silk screen press for $7,200 and we are in business!” Assume there are no fixed costs and you depreciate the $7,200 in the first period. The tax rate is 21 percent. a. What is the accounting break-even point if each shirt costs $3.20 to make and you can sell them for $15 apiece? Now assume one year has passed and you have sold 5,000 shirts! You find out that the Dairy Farmers of America have copyrighted the “got milk” slogan and are requiring you to pay $20,000 to continue operations. You expect this craze will last for another three years and that your discount rate is 12 percent. b. What is the financial break-even point for your…arrow_forwardGive typed solution onlyarrow_forwardPlease answer C and D:arrow_forward
- What is perfect multicoloniearity?arrow_forward. A book that sounds just perfect for me, Kate Raworth’s Doughnut Economics is available on Amazon for $40.35 for the hardback and $15.99 for paperback. From the publisher’s perspective, the difference in the cost between each version of the book seems negligible; it may cost a little bit more to produce the hard cover, but certainly not more than 2.5 times as much. Hardback versions usually also get published a few months before paperback versions are published. How do you explain the different prices for essentially the same product, given that the cost to the publisher of providing each type of book is basically the same? Amazon also offers the Kindle digital e-book version for $11.87. The cost to Amazon to produce a new “copy” for the next consumer is virtually nothing; just the sending of some data to the customer’s device. Why is Amazon able to charge $11.87 when its cost is basically zero and the market for books is likely very competitive? Note:- Do not provide handwritten…arrow_forwardCan someone please help me to solve the following question in excel with a file laid out like this for each alternative and follow all directions. All part of the same question. please and thank you!!!!arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Principles of Economics (12th Edition)EconomicsISBN:9780134078779Author:Karl E. Case, Ray C. Fair, Sharon E. OsterPublisher:PEARSONEngineering Economy (17th Edition)EconomicsISBN:9780134870069Author:William G. Sullivan, Elin M. Wicks, C. Patrick KoellingPublisher:PEARSON
- Principles of Economics (MindTap Course List)EconomicsISBN:9781305585126Author:N. Gregory MankiwPublisher:Cengage LearningManagerial Economics: A Problem Solving ApproachEconomicsISBN:9781337106665Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike ShorPublisher:Cengage LearningManagerial Economics & Business Strategy (Mcgraw-...EconomicsISBN:9781259290619Author:Michael Baye, Jeff PrincePublisher:McGraw-Hill Education
Principles of Economics (12th Edition)
Economics
ISBN:9780134078779
Author:Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:9780134870069
Author:William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:PEARSON
Principles of Economics (MindTap Course List)
Economics
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:Cengage Learning
Managerial Economics: A Problem Solving Approach
Economics
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-...
Economics
ISBN:9781259290619
Author:Michael Baye, Jeff Prince
Publisher:McGraw-Hill Education