Case UA Excel answers 20240410

Economics Joey is opening a coffee shop and he needs to decide how many baristas he should staff. He did some analysis of other coffee shops and he determined that this is an M/M/s system. He expects customers to arrive at the rate of 6 per minute and the service rate will be 3 customers per minute per barista. He estimates the cost of waiting Cwto bee60 and the cost of service Cs will bee14 per hour per barista. (a) What is the minimum number of servers this system must have? (b) What number of servers will minimise the total cost.

Part 2 of 4 The following diagram illustrates the situation in the dry cleaning market. The marginal social cost (Susc) of the pollution rises as the quantity of items cleaned per week rises. In addition, there are two demand curves, one for a smaller city. Dg. the other for a larger city. D Why does the social cost curve (Susc) have a different slope than the private cost curve (SMPC)? A. The marginal social cost of pollution is increasing at a faster rate than the marginal private cost of dry cleaning OB. The marginal social cost of dry cleaning declines as output increases. OC. The total social cost of dry cleaning increases as output increases. OD. The marginal private cost of dry cleaning increases as output increases. OE The marginal social cost of dry cleaning increases as output increases. Taxing Externalities 3 What tax rate per item cleaned will achieve economic efficiency in the smaller city? $ (Enter your response rounded to two decimal places.) Price (dollars per item…

Calculate gross value added of factor cost : (i) Units of output gold (units) 1000 (ii) Price per unit of output (Rs.) 30 (iii) Depreciation (Rs.) 1000 (iv) Intermediate cost (Rs.) 12000 (v) Closing stock (Rs.) 3000 (vi) Opening stock (Rs.) 2000 (vii) Excise (Rs.) 2500 (viii) Sales Tax 3500

40- 36- 32- MC 28- 24- 20- ATC 16- 12- 8- 4- 10 20 30 40 50 60 70 80 Output (boxes of apples per day) 90 100 Price (dollars per box)

COSTS (Dollars per pound) 80 72 64 56 48 40 32 24 16 8 0 MC ATC AVC 0 4 8 12 16 20 24 28 □ 32 QUANTITY (Thousands of pounds) 36 40

1-28 A farmer must decide what combination of seed, water, fertilizer, and pest control will be most prof- itable for the coming year. The local agricultural college did a study of this farmer's situation and prepared the following table. Plan Cost/acre Income/acre A $ 600 $ 800 В 1500 1900 C 1800 2250 D 2100 2500 (e) Select the criterion for determining the best alter- native. (f) Construct a model. (g) Predict each alternative's outcomes or conse- quences. (h) Choose the best alternative. (i) Audit the result.

Number of wells Total water output (in 1000s of liters/day TR TC AVR Profit 0 0 0 0 0 0 10 100 10000 600 1000 9400 20 200 20000 1200 1000 18800 30 280 28000 1800 933.3 26200 40 340 34000 2400 850 31600 50 380 38000 3000 760 35000 60 400 40000 3600 666.7 36400 70 400 40000 4200 571.4 35800 80 380 38000 4800 475 33200 90 340 34000 5400 377.8 28600 Use your graph and the data in your table to identify the economically efficient numberof wells (Hint: What is the profit maximizing number of wells?)

Number of wells Total water output (in 1000s of liters/day TR TC AVR Profit 0 0 0 0 0 0 10 100 10000 600 1000 9400 20 200 20000 1200 1000 18800 30 280 28000 1800 933.3 26200 40 340 34000 2400 850 31600 50 380 38000 3000 760 35000 60 400 40000 3600 666.7 36400 70 400 40000 4200 571.4 35800 80 380 38000 4800 475 33200 90 340 34000 5400 377.8 28600 (e) Calculate the profits of the 40th well. (f) The government of Cyprus has decided to impose a license fee to limit the number ofwells to 40. What should be the price of this license fee? Show all your calculationsclearly.

Engineering Economy   The demand function for a manufacturer's product is D = 80 -3p , where D is the number of units and 'p' is the price per unit. The maximum revenue is __________.

Marginal Physical Total Total Product of Variable Fixed Variable Input Fixed Variable Marginal Input Input Cost Cost Cost Output (units) (units) (units) (units) (dollars) (dollars) (dollars) 1 $500 $0 1 1 10 (A) $500 $200 (F. 2 1 25 (B) $500 $400 (G) 3 1 45 (C). $500 $600 (H). 4 1 60 (D) $500 $800 (1). 5 1 70 (E). $500 $1000 Refer to Exhibit 21-3. What is the average total cost of producing 45 units of output? a. $24.44 b. $21.11 c. $21.33 d. $25.11

PRICE (Dollars per unit) 400 360 320 280 240 200 160 120 80 40 0 0 40 M N B cxx. DE + + A 80 120 160 200 240 280 QUANTITY (Units) N 320 M 360 400 ?

- Student Portal MyCC & CC Ema X 2ECON100C Assignment 1: Attem X i mycc.coquitlamcollege.com/mod/quiz/review.php?attempt-203068&cmid 143217 Harveer Kaur Bran MYCC MyCC Library CC Student Portal English (en) 1.00 Peducton 15 P Flag question 14 ronter 12 6 Coll phones (millons per year) Cell phones (milllons) 3 4 DVDS (millons) 15 14 12 9 5 Possibiity D The figure above shows a production possibilities frontier. In the figure, when the economy moves from point E to point D, what is the opportunity cost of a DVD? Select one: ENG US

Price (Dollars per gallon) 4.80 4.40 4.00 3.60 3.20 2.80 2.40 2.00 1.60 1.20 0.80 0.40 0 Quantity Demanded (Gallons of water) 0 35 70 105 140 175 210 245 280 315 350 385 420 Total Revenue (Dollars) 0 $154.00 $280.00 $378.00 $448.00 $490.00 $504.00 $490.00 $448.00 $378.00 $280.00 $154.00 0 Suppose Khalid and Sabrina form a cartel and behave as a monopolist. The profit-maximizing price is is 15 gallons. As part of their cartel agreement, Khalid and Sabrina agree to split production equally. Therefore, Khalid's profit is $1.50, and Sabrina's profit is $ Suppose that Khalid and Sabrina have been successfully operating as a cartel. They each charge the monopoly price and sell half of the monopoly quantity. Then one night before going to sleep, Khalid says to himself, "Sabrina and I aren't the best of friends anyway. If I increase my production to 35 gallons more than the cartel amount, I can increase my profit even though her profit goes down. I will do that starting tomorrow." After Khalid…

XY company wants to launch a new product. it is observed that the fixed cost of the new product is $35,000 and the variable cost per unit is $500. The revenue function for the sale of D unit is 5000D - 100D, What is the maximum $ profit of the company?

The figure below shows graphs of the fixed cost function, total cost function and the total revenue function for a certain commodity. 20 8000 7000 6000 5000 4000 Dollars ($) 3000 2000 1000 -10 -1000+ 10 20 30 40 Units (a) What is the break-even point? (x,y) e.g. (295,7650) (b) What are the fixed costs? $ TR Percent of capacity= 50 60 TC If the selling price per unit is $50, and the variable cost per unit is $40: FC 70 80 90 100 enter the answer in the form (c) If the maximum production capacity of the commodity is 110, express the break-even units as a percent of capacity? % (round to two decimal places if necessary)

You are presented with the following break-even chart of GHI Company. They have budgeted sales of 75 000 units. You are required to use the chart to assist you in answering the questions posed below. Break-even chart for GHI Company R(000s) 3.6 REQUIRED 3.7 3.8 320 290 250 3.9 110 Units (000s) 56 75 (a) (b) Provide the correct graph labels represented by '(a)' and '(b)'. What is the value of the fixed costs of GHI Company? What is GHI Company's break-even revenue and units? How much profit would be made if GHI were to sell 75 000 units? 3.10 Explain your understanding of fixed costs and variable costs. In your answer you are required to provide a brief definition, an example of each and make use of a rough graph to illustrate your understanding of each.

3. A company is going to buy a new machine for manufacturing its product. Four different machines are available. Cost, operating and other expenses are as follows: A B C First cost 52,000 49,600 30,000 24,000 Power per year 1,300 1,360 2,400 2,020 Labor per year 11,600 9,320 4,200 2,000 Maintenance per year 2,800 1,900 1,300 700 Taxes and insurance 3% 3% 3% 3% Life, years 5 5 5 Money is worth 15 % before taxe the company. Which machine should be chosen? Use Rate of return on Additional Investment and Present worth method.

P(t)5000t2+300t-200 models the profit P of vroom used car Dealership where t is the time in years. Evaluate p(12) and explain the meaning

How would you change Acre's Reliability to better target Low End customer's needs? Reliability (MTBF) 10,000 17,043 50,000 Hint Submit

Task Description Precedence Time (days) cost($) crash time (days) Per day revised cost Preparation of drawings and permits - 14 72,500  10 10,000 Calling and letting of tenders - 68    166,750 66 23,000 Site preparation and excavation A 6 116,000  4 16000 Pouring the foundation A 24 250,000  24 - Framing C,D 40 145,000  30 20000 Plumbing and electrical work D 18 159,500  12 22000 Interior finished F 16 108,750  12 15000 Exterior finishes E,G 22 175,000  22 - Installing and commissioning new machines B,E 34 101,500  30 14000 Finishing touches and final work through H,I 32 64,000  32 - Calculate the minimum time and associate cost in which the project could be completed

• Marginal Product (from the GRE Economics Test) Which of the following statements about average product and marginal product is correct? (A) If average product is decreasing, marginal product must be less than average product. (B) If average product is increasing, marginal product must be increasing. (C) If marginal product is decreasing, average product must be less than marginal product. (D) If marginal product is increasing, average product must be decreasing. (E) If marginal product is constant over some range, average product must be constant over that range.

Number of workers Total products Marginal product Fixed cost variable cost Marginal cost 0 0   $100 $0   1 900   $100 $100   2 1900   $100 $200   3 2400   $100 $300             (A) The highest productivity level (AP) of worker is achieved at which number of worker? Prove your opinion WIth calculation.    (B) At each number of workers, calculate the marginal product (MP) and determined at which level of worker does diminishing marginal product begin?   (C) Calculate the total cost used to produce 2400 units of Good Y.   (D) Calculate the marginal cost (MC) at each level of worker Leave answers in 2 decimal place.

Method of full coating is taking into account  a. Only direct costs and respective contribution margin b. All costs including fixed and variable costs c. Only direct costs and respective gross margin d. Total sum of fixed costs,but only a paid amount of variable cos

（D）Detailed calculation steps

Total cost (dollars per unit) B 100- 80 - 60 40 3 4 Output (units per hour) 2. 20

2) High- Low Method This table provides information about solid waste collection and disposal for local in United States. Presented is monthly cost and services information for one of them. governments Month Services Total Costs January February 6500 27800 6000 26400 March 4000 20400 April May June 2500 19200 7500 27600 1700 20400 ? July Using the high-low method, develop a cost-estimating equation for total monthly costs. Estimate total costs for July if the services will be 2000. 2000

D and E only plz

The operations manager of a company extracted the following annual demand data from the research and development department of the company. Use it to answer questions 23-30. Year Demand 9500 9000 8000 6800 5000 3500 2000 Price (¢) Jan Feb Mar April Мay June July 11 18 24 32 40 23. What is the percentage change in demand for transport services between Feb and May? (a) 0.44% (b) 4.44% (c) 44.4% (d) 45.4% 24. What is the average demand for the period \(a) 6257 (b) 6527 (c) 6752 (d) 7245 25. The percentage change in price between Jan and May is: Ya) 45.45% (b) 45.54% (c) 54.45% (d) 54.54% 26. How will a passenger pay for this transport service is he travelled six times in May? (a) 44 (b) 84 * (c) 144 (d) 244 27. How much more or less will a passenger pay if she travelled five times in April and three times in July? (a) 30- (b) (30) (c) 60 (d) (60)

The table below provides the total revenues and costs for a small landscaping company in a recent year. Total Revenues ($) 250 000 Total Costs ($) wages and salaries 150 000 - risk-free return of 2% on owner's capital of $20 000 400 - interest on bank loan 1500 cost of supplies 27 000 depreciation of capital equipment 8000 - additional wages the owner could have earned in next best alternative 30-000 800 - risk premium of 4% on owner's capital of $20 000 a. Refer to Table calculate explicit costs for this firm? b. Refer to Table calculate implicit costs for this firm? C. Refer to Table, what is the accounting profits for this firm are? d. Refer to Table, calculate he economic profits for this firm?