Q: define economic of scale
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A: Use below formulas to find the values: Total Cost (TC) = TFC + TVC MC = TC2 – TC1 TVC = TC - TFC
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Q: Define the Say's law and give your interpretation.
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A: Total cost is the sum of total fixed cost and total variable costs.
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Q: Derive an expression for MC if TC = 49 – 20q + 60q + 40. %3D
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Q: Define the term Routine Annual Maintenance Costs?
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A: As per our guidelines , we are only allowed to answer only 3 sub parts of a question .
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Give me an example How Efficient are Graphical techniques – scatter plots for Estimating Costs?
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- Having trouble with the graphs, I have some filled in but do not know if they are correct.i need these shown graphicallyMiles Mowed Labor Month and Cleaned Costs 240 $6,800 305 7,680 325 8,310 275 7,200 220 6,550 200 5,760 75 4,960 April May June July August September October Use the information from the high- and low-volume months to develop a cost-estimating equation for monthly labor costs. Monthly labor costs = $ 3955 + $ 13.4 X Plot the data on a scatter diagram. Using the information from representative high- and low volume months, use the high- low method to develop a cost-estimating equation for monthly labor costs. Monthly labor costs 3,350 + $ = $ Check Adjust the equation developed in requirement (b) to incorporate the effect of an anticipated 5% increase in wages. Monthly labor costs 325 x + $ 14.07 X X 14.07 X X $
- draw a D/S diagram to illustrate your answer. (Currently there are approximately 20,000 children in Canada waiting for adoption, but only about 1000 are adopted each year. Meanwhile about 2000 children per year are adopted from overseas.Could you kindly include a graphical analyses..just need graph for (iv) please
