Plant sizes get larger as you move from ATC-1 to ATC-4. ATC-2 Output 1,500 ATC-1 ATC-3 ATC-4 $ 10 15 $ 20 $ 30 2,000 8 12 17 25 2,500 10 15 20 3,000 12 13 18 3,500 15 11 16 4,000 18 10 14 4,500 20 12 12 5,000 24 15 11 10 5,500 29 19 13 6,000 35 25 15 9 In the long run, the firm should use plant size ATC-4 for what level of output? Multiple Choice less than 3,000 3,000 to 3,500 5,000 to 5,500 4,000 to 4,500
Q: The following table presents the expected costs, revenue, and profit schedules for the Tucker Tomato…
A: A firm in the market aims to maximize its profits. It earns maximum profit or minimum loss at the…
Q: Table 22-2 Use the table of expected cost and revenue data for the Tuckers Tomato Farm below to…
A: In perfectly competitive market, firms are price takers so price is constant. Price is equal to…
Q: Your friend is thinking about opening a wine bar. He estimates that it would cost $400000 per year…
A: Basics:- Cost of wine bar = $ 400000 Opportunity cost = $ 120000 (Accountant job)…
Q: Extreme Manufacturing Company provides the following ABC costing information: Activities Total Costs…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: company manufactures two ballpoint pens, silver and gold. The silver requires 3 min in a 19) grinder…
A: Let x,y denote, respectively, the number of silver and gold pens the company manufactures in a week.…
Q: easha Pratt will graduate from high school next month and cannot decide what she wants to do. She…
A: Economic decisions are those decisions in which people will choose what to do with limited…
Q: TFC $0 Q (output) TVC TC AFC AVC ATC MC $10 $5 $15 $15 $16.75 2 Using the above table, the AFC, the…
A: In the given table, some of the information about different types of Cost is given.
Q: Given the data provided in the table below, what will the fixed costs be when producing 4 units of…
A: The fixed cost are those costs which do not vary with the amount of good produced. The variable…
Q: .s) Suppose that a company has fixed costs of 300300 dollars and variable costs of…
A: The total production process of a firm/industry is an amalgamation of various costs, the optimum…
Q: 1. Given the following information: Total Product (TP) 0 1 2 3 4 5 6 Price Fixed Cost (TFC) $6000…
A:
Q: ABC Company produces 100 pendants per day. The total fixed cost for the plant is $5000 and the total…
A: TC= Total cost FC= fixed cost VC= variable cost ATC= average total cost AFC= Average fixed cost…
Q: If Sherry produces three pairs of earrings, her total variable costs are: Number of Earrings TVC MC…
A: Given TVC = AVC ×Q TFC = AFC× Q TC = -TVC + TFC TC = ATC × Q TFC = TC at 0 units of production.…
Q: Your aunt is thinking about opening a hardware store. She estimates that it would cost $500,000 per…
A: The accounting profit is the difference between the revenue and the cost. The economic profit would…
Q: Canadian firm Hexo Corporation, of Kanata produces marijuana has implicit costs of $380.000 and…
A: Accounting profit = total revenue - Explicit cost Economic profit = Total revenue - (Explicit cost…
Q: TEXplor has purchased a 2-year lease on land adjacent to the land leased by Clampett. The land…
A: As per the honor code, we are allowed to attempt only first three sub-parts of the question. If you…
Q: TP/ Q PRICE TR MR AR TC MC PROFIT 0 50 0 0 0 120 30 -120 1 50 50 50 50 150 25 -100 2 50 100 50 50…
A: In a competitive firm there are large number of firms selling identical products thus acting as a…
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: GERIAL ECONOMICS) Show algebraic solution please The accounting department head of MOOG Controls…
A: Given Information Interst rate (i) = 7% or 0.07Growth rate (g) = 10.25 %
Q: A manufacturer of cassette tapes expects a fixed cost of $55,000. It plans to work on margin of…
A: (i) The revenue function of a firm shows the total amount received by the firm from the sale of its…
Q: Graph the ATC and MC below and explain
A: The marginal cost (MC) represents the additional costs incurred in producing one extra unit of the…
Q: The Ylaya Textile Mill produces denim. The fixed monthly cost is P21,000, and the 2. variable cost…
A: Given information, Monthly fixed cost: P21,000 Variable cost per yard: P0.45 Sales price per yard:…
Q: The world price of zinc has increased to the point where “mothballed” zinc mines in east Tennessee…
A: Given mine production = 20000 ton = 40,000,000 PoundSelling price = $1 per poundVariable cost = 20…
Q: 3. The fixed costs incurred by a small genetics research lab are $200,000 per year. Variable costs…
A: The break even point (BEP) is the point at which total cost and total revenue are equal.
Q: Lenlen sold 5 tub of mango float at a price of 120 pesos for one tub. Each tub cost 90% to purchased…
A: Given Price of a tub of mango =120 pesos Cost =90% to purchased. FC=400 “Since you have asked…
Q: Extreme Manufacturing Company provides the following ABC costing information: Activities Total Costs…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: Ouput Total Cost $10 20 28 3. 38 4 53 73 98 Refer to the provided table. The marginal cost of…
A: The total cost of production is the total expenditure incurred on the production of the good or the…
Q: Q3_A The Break even Analysis of firm show that: BEP = 1000 FC = 10,000 $ P = 3% of the quantity of…
A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: Plant sizes get larger as you move from ATC-1 to ATC-4. Output ATC-1 ATC-2 ATC-3 ATC-4 1,500 $ 10 $…
A: Answers As we can observe in the given table there is a variation in ATC for the same level of…
Q: Selling Price (5) Break-even Volume (x) Total Variable Cost at Break- Re Variable Cost (VC) even…
A: *Answer: Fixed cost (FC) per month Variable Cost (VC) per unit Selling Price (S) per unit…
Q: 3. Jago Co. has 2 products that use the same manufacturing facilities and cannot be subcontracted.…
A: This is a circumstance that will only last a few days or short run. The company should expand in the…
Q: age verage Average Product Fixed Cost Variable Cost Cost Fixed Cost Variable Total (Q) (TFC) Cost…
A: A market is completely competitive assuming that each firm in the market is a value taker. A firm is…
Q: Output Total Fixed Cost Total Variable Cost $9 $0 1 $9 $5 $8 $9 $9 $10 4 $9 $11 $9 $12 dollars. The…
A: Total variable cost increases with increase in production and fixed cost is independent of output.
Q: The table below sets out cost information for the production of volley balls. Some values are…
A: Quantity VC FC TC AVC MC 0 0 30 30 0 - 1 12 30 42 12 12 2 25 30 55 12 0 3 42 30 72 14 2…
Q: Total Variable Cost Quantity of Output (Q) Total Cost (TC) (TVC) $__ $9 1 8. 19 4 11 --- 12 O $8 O…
A: The organizations in a market measure different types of costs, and they all are related to each…
Q: Get your Guns Up Photo sells three basic types of cameras for travelers. Their fixed costs are…
A: Meaning of Cost: The term cost refers to the situation under which a firm occurs various expenses…
Q: Your food - services company has been named as the sole provider of meals at a small university. The…
A: A single good seller is a monopoly which maximizes profit by producing at MR =MC
Q: The car industry consumes a large portion of the steel market. What kind of cost industry is it? A…
A: In a market, a firm can be increasing, decreasing or constant cost industry, according to change in…
Q: The table below contains average cost data for four different-sized plants-1, 2, 3, and 4-which are…
A:
Q: For the firm whose costs are illustrated below, the break-even price is $4. 20 MC 18 16 14 E 12 10…
A: Break-even point: - The break-even point is that point of production where the firm's total cost of…
Q: Table COST11: Monthly Costs, Revenues and Other Information for a Bakery Product Price (P*) = $8…
A: Total revenue =P*Q=8*1500=12000the total revenue is 12000
Q: $49E $43 $35 $25 FC 1 2. Reference: Ref 7-1 Given the curves shown in Figure 7-1, the average…
A: Total cost is the sum of variable cost and fixed cost TC =VC + FC VC = TC - FC At Q=3, TC = 49, FC=…
Q: P* = $4.50 %3D Q* = 1,000.00 %3D AFC = $0.25 %3D AVC = $4.25 %3D Refer to Table EX2.1. This fırm…
A: Given information: P* = $4.50 Q*=1000 AFC = $0.25 AVC = $4.25
Q: A firm has two factories. Factory 1 has the cost function c (s)- +90. The marginal cost for factory…
A: A firm has 2 factories - Factory 1 & Factor 2 TC1 = c1(y1) = y12+90 TC2 = c2(y2) = 2y22+10 MC1 =…
Q: MANAGERIAL ECONOMICS) Show algebraic solution please The accounting department head of MOOG…
A: Given Information Interest rate (i) = 7% or 0.07Annual Growth rate (g) = 0% Current Profit = Php 5.2…
Q: (MANAGERIAL ECONOMICS) Show algebraic solution please The accounting department head of MOOG…
A: Below is the given values: Company's profit = 5.2 billion Interest rate ( i ) = 7% Growth rate (g) =…
Q: 1.3 John has a lemonade stand and he sells lemonade in his neighbourhood. His business has a fixed…
A: 1.3.1 FC=R200VC=R2.50Price=P=R3.00Now,Break-even volume=FCP-VCBreak-even volume=2003-1.5Break-even…
Q: 4. The formula in computing breakeven point per unit is to * Deduct margin of safety from budgeted…
A: The Break-even point is the point where the total revenue of the firm equals its total cost. In…
Q: Karen runs a print shop that makes posters for large companies. It is a very competitive business.…
A: A perfectly competitive market is one that has a large number of firms, selling homogenous products.…
Q: Your food-services company has been named as the sole provider of meals at a small university. The…
A: sold per day price per meal($) total fixed cost($) total variable cost($) total revenue($) 0 3.50…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- The Rainwater Brewery produces beer. The annual fixed cost is $150,000, and the variable cost perbarrel is $16. Price is related to demand according to the following linear equation.v -75,000 1,153.8pDevelop the nonlinear profit function for the brewery and determine the price that will max-imize profit, the optimal volume, and the maximum profit per year.A computer company produces affordable, easy-to-use home computer systems and has fixed costs of $250. The marginal cost of producing computers is as indicated below. Output Fixed Cost Variable Cost Total Cost Marginal Cost Average Cost Average Variable Cost 1 $250 $700 $950 $700 2 $250 $925 $1175 $225 3 $250 $315 4 $250 $360 5 $250 $400 6 $250 $450 7 $250 $550 If the company sells the computers for $550, is it making a profit or a loss? How big is the profit or loss? If the firm sells the computers for $315, is it making a profit or a loss? How big is the profit or loss? We expect the marginal cost to increase as this firm produces more computers. But when the firm shifts from producing 1 to 2 computers, marginal cost falls. What might explain this?ABC Company produces 100 pendants per day. The total fixed cost for the plant is $5000 and the total variable cost is $15000 per day. Calculate the average fixed cost, average variable cost, average total cost and total cost at the current output level. Calculate Economic profit and Accounting profit from the figures given below for ABC Company. Total revenue Wages and salaries Forgone salary Interest paid Forgone rent Raw materials Other payments Forgone interest
- N Home - Netflix Solutions.XISX (37.4 KB) AY X Love Island -... Problem 1.3 Peng Plasma Pricing canvas.liverpool.ac.uk Year 2007 2008 2009 2010 2011 2012 2013 2014 Cumulative Cost (Rmb) 16,000 15,400 14,800 14,700 14,200 14,400 14,600 14,800 Peng Plasma is a privately held Chinese business. It specializes in the manufacture of plasma cutting torches. Over the past eight years it has held the Chinese renminbi price of the PT350 cutting torch fixed at Rmb 18,000 per unit. Over that same period it has worked to reduce costs per unit, but has struggled of late due to higher input costs. Over that same period the renminbi has continued to be revalued against the U.S. dollar by the Chinese government. After completing the table - assuming the same price in renminbi for all years - answer the following questions. Cost ACFI260 Fin... a. What has been the impact of Peng's pricing strategy on the US$ price? How would you expect their U.S. dollar-based customers to have reacted to this? b. What…In the table below what is the average cost of the 20th unit of output? a IPCSB.25 Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. b U 6 7 8 d 12 Output Total Cost Marginal Cost 0 100 10 120 20 160 30 230 ធ 2 4A) ABC company produces 100 pendants per day. The total fixed cost for the plant is $500 and the total variables cost is $15000 per day. Calculate the average fixed cost, average variable cost, average total cost and total cost at the current output level. B) calculate economic profit and accounting profit from the figures given below for ABC company 1) total revenue $500,000 2) wages and salaries $40,0000 3) forgone salary $80,000 4) interest paid $10,000 5) forgone rent $ 10,000 6) raw materials. $ 50,000 7) other payments $20,000 8 forgone interest $ 7000
- Plant sizes get larger as you move from ATC-1 to ATC-4. Output 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 5,500 6,000 ATC-1 $ 10 8 9 12 15 18 20 24 29 35 ATC-2 15 12 10 8 6 10 12 15 19 25 ATC-3 $ 20 17 15 13 11 9 7 11 13 15 ATC-4 $ 30 25 20 18 16 14 12 10 8 9 In the long run, the firm should use plant size ATC-3 for what level of output?IceLess is an anti-icing solution sold in gallon plastic jugs. It is poured into the windshield washer bottle of your car. Wash your windshield and the solution prevents the glass from icing over for about four hours. Production incurs the following fixed and variable costs. It is priced initially at $5.50 per gallon. 1. Fixed costs (per year) Rent Utilities Managerial salaries Flammability permit Other fixed expense Total fixed $18000 13200 20000 12000 2400 $65600 Variable Costs per gallon Glycol FreezeFree 312 Mfg labor Packaging Inert ingredients Advertising Total $1.50 .50 .20 .20 .60 .30 $3.30 What is the annual breakeven production quantity (use above data, show work)? 2. What revenue would the sale of the breakeven quantity for $5.50 per gallon generate? 3. The production department says 29000 gallons is its maximum production capability. Management insists on earning $94400 above fixed costs. All costs are as given initially. What price must be charged per gallon if only 29000…If the profit function for selling smart phone screen magnifier is -4500p2 + 561500p – 11898000, what selling price should Pineapple Store use to maximize profits? $62.39 $264.40 $32.95 $7.37
- Jony furniture store examines its inventory policy and considers using an economic order quantity (EOQ) approach. They have the following information about a table set: Annual demand Current order qu Carrying cost Order cost 3.920 sets 30 sets $80.00/set/year $200 a. What is the current total annual cost (TC) b. What is the economic order quantity (EOQ)? c. What is the total annual cost at the economic order quantity (EOQ)vate X Student Portal | Main CENGAGE MINDTAP gage.com/static/nb/ui/evo/index.html?deploymentid=57962518850017814342930411958eISBN=9781337106603&id=1810088554&snapshotid=3502477& Problems: Chapters 21 and 22 The cost the upstream mill incurs for producing enough paper (one "unit" of paper) to make one unit of boxes is $12.50. X Assume the two mills operate as separate profit centers, and the paper mill sets the price of paper. It follows that the marginal profitability of boxes represents the highest price that the box division would be willing to pay the paper division for boxes.. Furthermore, assume that fixed costs are $0 for the paper mill. Price (Marginal Profitability to the Box Mill) ($) The following table summarizes the quantity, total revenue, and marginal costs from the perspective of the paper mill for selling paper to the box mill at various prices. $40 $36 $32 $28 $24 $20 $16 $12 $8 $4 ECN-601 Class Resources In the following table, fill in the marginal revenue, total…The cost, in dollars, of producing x yards of a certain fabric is C(x) = 900 + 12x - 0.1x² +0.0005x³ and the company finds that if it sells x yards, it can charge p(x) = 27-0.00021x dollars per yard for the fabric. (a) Graph the cost and revenue functions. y 8000 6000 4000 2000 y 15 000 10 000 5000 R C 100 R =² C 100 200 200 300 300 X 400 400 X Use the graph to estimate the production level for maximum profit. 283.092 x yards y 15 000 10 000 5000 y 15 000 10 000 5000 R 100 R C 100 200 200 (b) Use calculus to find the production level for maximum profit. (Round your answer to two decimal places.) 186.63 yards 300 300 400 400 X