If both the fixed and variable costs associated with a product decrease, what will be the effect on the contribution margin ratio and the break even point? Contribution margin ratio Break-even point increase increase decrease increase increase decrease decrease decrease
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If both the fixed and variable costs associated with a product decrease, what will be the effect on the contribution margin ratio and the break even point?
| Contribution margin ratio | Break-even point |
| increase | increase |
| decrease | increase |
| increase | decrease |
| decrease | decrease |
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- Output Total Fixed Cost (TFC) Total Variable Cost (TVC) Total Cost (TC) Average Fixed Cost (AFC) Average Variable Cost (AVC) Average Cost (AC) Marginal Cost (MC) 0 200 - 1 40 2 44 3 330 4 50 90 5 37Emco Company has an assembly line of fixed size A. Total output is a function of the number of workers (crew size) as shown in the following schedule: Crew Size Total Output No. of Workers) (No. of Units) 1 10 2 35 3 50 4 56 5 59 6. 60 7 60 8 58 Determine the following schedules: |(a) Marginal productivity of labor (b)Average productivity of labor (c) Elasticity of production with respect to labor (d) Draw and Show relationship MP, & APWhich costs are measured on per-unit basis: fixed costs,averagecost,average variable cost,variable costs, and marginal cost?
- Marginal and Total Costs Quantity Total Marginal (Q) Cost Cost (TC) (MC) 0 15 15 1 25 2 70 70 30 3 4 40 5 45 6 250 60Define the term Mixed Costs?Emco Company has an assembly line of fixed size A. Total output is a function of the number of workers (crew size) as shown in the following schedule: Crew Size Total Output (No. of Workers) (No. of Units) 0 0 1 10 2 35 3 50 4 56 5 59 6 60 7 60 8 58 Determine the following schedules: (a) Marginal productivity of labor (b) Average productivity of labor (c) (d) Elasticity of production with respect to labor Draw and Show relationship MPL & APL
- If marginal cost is less than the average variable cost and output increases, average total cost ________ and average variable cost _______. (i) decrease; increase (ii) increase; decrease (iii) increase; increase (iv) decrease; decreaseCecil Green sells golf shirts. He knows that most people will not pay more than $40 for a golf shirt. Cecil needs a 35% markup on cost. What is the maximum Cecil should pay for his golf shirts? I need help working this problem out. I know the answer is $29.63 but I need it explain to me in detail how to come up with this answer so I know how to work it out on my midterm Tuesday. Please helpswered Costs per Unit (dollars) 1000 900 800 700 600 500 400 300 200 100 0 4 Average total cost B Marginal cost Output (units per day) Average variable cost Average fixed cost 22 24 How many units of output should be produced per day if the price of the product is $600/unit? (provide an approximate answer in whole numbers)
- Draw a graph showing the fixed cost, variable cost, average total cost, marginal cost curves, and explain the graph. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Given the quantity produced (Q), Total fixed cost (TFC) and Total Cost (TC), (1) calculate Total Variable cost (TVC) and (2) Draw Total cost (TC) curve Quantity (Q) Total fixed cost (TFC) Total Variable cost (TVC) Total Cost (TC) 160 160 160 1 240 160 2 320 160 3 400 160 4 480 160 560 160 6. 640 160 7 720Windhoek Maufactue Company, bon a tender to maufacture nurse's unform. hecentlu,hndhoek manufactue Company Iits cost function for pacecim The estimated cost function isiTC=LOOQ-50c+ sa? wHoe much TC, ATC,and MC will the compary incur to produce at acook minimizina outpul? government hired an economist to estimate nurse's uniform,
