Output, Variable input and Costs (per day). Таcos Labor VC TC MC AVC АТС 50 1 120 420 0.00 105 165 230 4. 288 340 6. 385 420 8. 450 9. 460 10 23
Q: Total Cost AVC AFC ATC MC -- -- 1 25 40 65 a5 20 16 20 216 25 29 3 15 20 25 4 105 145 4 (15) For any…
A: Since you asked for only drawing the diagram, we are doing that only.
Q: What is the avg variable cost of the second unit produces? Quantity total cost 0 20 1 25 2 35 3 50
A: Total Cost is the sum of fixed cost and variable costs. Total Cost=Total Fixed Cost+Total Variable…
Q: 40 points pasible tgraded results hidden) Just Juice pays their workers 99.0tk per day. The cost of…
A: A) Variable cost. No. Of labor when 300 quantity is produced = 4 Labor cost = 4*99 = 396 Cost of…
Q: b. If AC= Q?-4Q+10 i. Final the total cost and marginal cost function. Is this function is more…
A: TC = Q x AC = Q3 - 4Q2 + 10Q MC = dTC/dQ = 3Q2 - 8Q + 10
Q: putput is Cost schedule Total vari- Labor Output (units per day) Total cost (dollars) able cost…
A:
Q: Complete the cost schedule using the data below for a firm operating in the short run. Fill in all…
A: The table can be filled by calculating the blanks with the given formula: Average variable cost can…
Q: The total cost (TC) of producing computer software diskettes (Q) is given as TC-200+5Q. When Q-10,…
A: ATC = TC / Q = (200 / Q) + 5
Q: Workers per day Variable cost in S per day Pizza Fixed cost in S per day 400 6.00 400- 400. 400 400…
A: Total cost = Fixed cost+Variable Cost
Q: Windhoek Manfacture tender to manulacture nurse's uniform.hecentlu,hündhek manufactue Company its…
A: Total cost (TC) incurred by any particular firm is the sum of all production cost that a firm incurs…
Q: PRICE MARGIN AL ТОТА AVER AGE WORKE AVER AGE MAR GINA OUTPU AVERA ТОТА MARG INAL Т (Total | (P)…
A: A production function uses the factors of production (like labour, capital, technology, raw…
Q: Marginal Product Variable Cost Labor Output Fixed Cost so $5 1. 100 100 $5 $5 2 250 $10 $5 3 350 $15…
A: First, we will calculate Total Cost by adding Fixed Cost+Variable Cost. Then, we can calculate…
Q: this restaurant there are only two inputs, rent, and workers. ach worker costs $100 per day.…
A: Marginal cost is defined as the cost which is incurred by the producer in order to produce one more…
Q: he figure to the right ustrates the longun verage cost curve for a company hat makes motors Suppose…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: C(x) = 60 + x² dollars. %3D (a) Find the marginal cost at x = 4 units. MC(4) = Tell what this…
A: Cost function alludes to the functional connection among cost and result. It concentrates on the way…
Q: Watchshop is a watch manufacturing company that sells low-end wrist wacthes. They hire labour at the…
A: The total cost incurred by firms operating in a market includes fixed costs and variable costs.…
Q: In the short run , a firms total cost is $200 if it does not produce any units of output. Its…
A: When Q = 0, TC = TFC = $200, which stays unchanged across output levels. TC = TFC + TVC = TFC + AVC…
Q: Average Total Cost ($ per tablet) Number of Factories Q=100 Q=200 Q=300 Q=400 Q=500 Q=600 1 400 300…
A: Given information Q Factory1 Factory 2 Factory 3 100 400 540 720 200 300 350 400 300 200…
Q: Total Cost Output 1,000 2,000 2,800 3,500 4. 4,000 4,500 6. 5,200 6,000 8. 7,000 Refer to Table 5.1.…
A: We have to find average total cost.
Q: Cost-C-$12,000.00 w=$100.00 per unit of labor r-$100.00 per unit of capital wese data are used to…
A: The labor force, is the total number of individuals who are as of now employed in addition to the…
Q: What is the total cost of producing 200 units 125 150 180 210
A: Total Cost = Average Total Cost*Quantity TC at 200 units = 0.75*200 = 150 TC at 125 units =…
Q: b. Five Sales Executives have been told by their company Heavy Machines Limited (HML) that each…
A: Ans
Q: The pumlative aveage lahor hours to assemble the first va units of product A was 14.579 hours. If…
A:
Q: Stella is considering expanding her plant. The average total costs for the larger plant are shown…
A: Long run: - it is the time period in which all factors of production become variable in other words…
Q: The total cost (TC) of producing computer software diskettes (Q) is given as TC-200+5Q. When Q=10,…
A: The monetary worth of goods and services purchased by producers and consumers is referred to as cost…
Q: Suppose a company lIncurs the following costs: labor, $3,500; equipment, $900; and materials,…
A: Accounting costs are any expenses that your company has incurred.By deducting expenditures from…
Q: 8. If average variablecost is $74 and total fixed cost is $100 at 5 units of output, thenaverage…
A: here we can calculate average total cost as follow
Q: 1) Now let's examine short run costs of golf cart production. The cost of 1 labourer is $2000. Total…
A: The total fixed cost is the cost which does not change with the change in production. On the other…
Q: 1) Now let's examine short run costs of golf cart production. The cost of 1 labourer is $2000. Total…
A: Given: Cost of 1 labor (variable cost) = $2,000 Total fixed cost = $3,000
Q: The data in the table is for a firm in which labour is the only. variable cost and each unit of…
A: Formulas used : TP = AP × Q MP = TPn - TP n-1 AVC = TVC / Q MC = TC n - TC n-1 Also this is given…
Q: y C= 600 + 40Q^0.3 + 5 Q^2: a) Find out the fixxed cost, variable cost, margina ost average variable…
A: Variable costs vary based on the amount of output produced. Variable costs may include labor,…
Q: Q2. A firm's production function is Q = 9LZ+1)/10K(Y+1)/10 a) Find out AP of labour when K= 8 and L…
A: A firm's production function is Q = 9L(z+1)/10K(y+1)/10 Given that , Z = 0, Y = 9
Q: 6 Ahmed's PIzza House sells extra-large deluxe pizzas at OMR 9.000 per pizza. The cost of…
A: Given, Selling Cost of extra-large deluxe pizza = OMR 9 per pizza Cost of ingredients = OMR 2 per…
Q: Aesd ts emoveag There can be at least one input for production which can be considered as fixed in…
A: Short run refers to the period of time in which certain factors of production are fixed while others…
Q: ont Total cost Output pil changes per hour) (dollars p er hour) 10 1 20 35 3 50 4 so
A: Fixed cost is the cost that remains same at all levels of output whereas variable cost is the cost…
Q: Cost to be incurred even in the absence of production is reflected on Variable Input. O True O False
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: If firm X produces 20 units of product with a total cost of 100, what is its average cost? a)…
A: Total cost=total fixed cost+total variable cost
Q: Determine the multifactor productivity for the combined input of the labor and the machine time…
A: Multifactor productivity is the ratio of output and combined costs of inputs and it determines the…
Q: If the cost of an oven is $500, what is the marginal product per dollar spent on capital for the…
A: Labor and capital are factors of production to produce total product.
Q: 15) For any cost function, you can find min ATC by etting ATC = and solving for q. %3D
A: Average total cost = total cost/ quantity
Q: If the total fixed costs of manufacturing 100 fans is $7500. Calculate the average fixed costs.
A: The fixed cost of manufacturing = $7500 Total number of fans = 100
Q: Average Total Cost ($ per tablet) Q=400 Number of Factories Q=100 Q=200 Q=300 Q=500 Q=600 1 400 300…
A: Answer: The long-run average cost of production: in the long run a firm produces a particular level…
Q: A firm is producing 20 units with an averagetotal cost of $25 and a marginal cost of $15. Ifit…
A: Costs are the expenses that firms incur in the production of goods and services.
Q: TVC ATC/AC 0 65 105 135 167 a. 203 244 7 293 d. 8 55 355 9 432 10 527 5. Explain why the short-run…
A: A complete table is a follows : TC = TFC + TVC AVC = TVC / Q ATC = TC / Q MC = TC - TC1 Q TFC…
Q: Q5. (A) During the last few days the Superior Company has been running into problems with its…
A: Since you have asked a question with multiple subparts we will solve the first question for you. If…
Q: SRATC or small plant SRATC tor medium plant SRATC for arge plant LRATC S500 Diseconomies of Scale…
A: Costs in the long run are determined by the firm's level of output, factor costs, and the quantities…
Q: Cost LRAC 40 30 20 N 10 100 200 400 800 Output a. What is the cost per unit when the firm produces:…
A: Total Cost per unit of output is also called average cost. The figure shows long run run Average…
Q: Workers Total Product Total Cost (per day) (units per day) ($) 100 1 10 120 2 18 140 3 24 160 4 29…
A: Fixed costs are costs that do not change when sales or production volumes increase or decrease. This…
Q: 11. If average total cost is 100 for a given output and marginal cost is 70) we then know that…
A: Average fixed cost refers to the fixed cost per unit.
Q: When Simone produces 33 balls, her average total cost is $45.95 and her fixed cost is $211. What are…
A: Total cost = Fixed cost + Variable cost Total cost = average total cost * q
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- Pat used to work as an aerobics instructor at the local gym earning $35,000 a year. Pat quit that job and started working as a personal trainer. Pat makes $50,000 in total annual revenue. Pat's only out- of-pocket costs are $12,000 per year for rent and utilities, $1,000 per year for advertising and $3,000 per year for equipment. Please enter your answers as whole numbers with no decimal places (ie. 5000 or $5000 not 5000.00 or "Five thousand dollars"). If you want to enter a negative number use a negative sign "-" and do not use parenthesis (ie. -2000 or -$2000 not (2000) or (-$2000)). What is Pat's accounting profit? What is Pat's economic profit? Did Pat make the right decision by becoming a personal trainer? (Yes or No)Suppose you manage a business that produces high-end dog food. The business produces 3,000 dog food cans per day, and can sell each can at $2.00/can regardless of how much is produced. Your firm currently employs 20 workers, each of whom earns $15/hour and work 8 hours per day. Inputs, like the meat for the food and the metal for the can, cost $1.00/can. Your overhead expenses, including rent, property taxes, insurance, etc., which does not vary with the number of cans produced, equals $250 per day. a. (3) Calculate your company’s current daily profit. You’re considering whether to hire additional workers to produce additional cans. Each worker would be paid $15/hr. and material costs remain constant at $1.00/can. You estimate the 21st employee would produce an additional 200 cans per day, and the number of additional cans from each additional worker would be decreasing by 40 (a 22nd employee could produce an additional 160 cans per day, a 23rd employee could produce an additional…Problem 6.1. Tommy runs a small metal shop fabricating custom gates and other decorative work. Tommy has one assistant paid $48,000 per year, annual rent for the shop of $20,000 per year, and annual materials cost of $80,000 per year. He has $100,000 of his own funds invested in equipment (tools, furnace, anvils) that could earn him $10,000 per year if alternatively invested. Total annual sales revenue for the firm's products is $300,000. Tommy could earn 875,000 per year working for a competing metal firm, and he estimates his entrepreneurial skills to be worth $5,000 per year. (a) Which of the following are explicit costs for the firm? Rent Yes IAb Assistant Yes Equipment Yes Entrepreneurial skill (b) Calculate the accounting profit for Tommy's firm. (c) Calculate the economic profit for Tommy's firm. (d) and If these figures cover all costs and benefits, at what salary would Tommy close his business and work for a competitor? go
- Dexter set up a computer repair business out of his home office. Based on the square footage of his office, he allocates a fixed cost of $400 per month in mortgage expenses. He also has a monthly internet bill of $45 and a monthly phone bill of $35. While repairs vary greatly, Dexter estimates an average of $19 in expenses per repair and charges a flat $49 fee per repair for his labor. 3a. How many computers does Dexter need to repair each month to break even?__________3b. What is Dexter’s profit / loss if he only repairs 8 computers in a month?__________3c. What fee would Dexter need to charge to break even at 8 repairs?You are in charge of improving utilization of resources at a restaurant that is taking only online orders for delivery to the specific addresses. There are three kind of orders received: vegetarian, non-vegetarian and gluten free. For every vegetarian order, the chopping and dicing section, the deli-cheese section, the stir fry kitchen, and marination are used. For non-vegetarian orders; the chopping and dicing section, the deli-meat section, the marination section, and the non-veg kitchen is used. In addition to this 50% of non-vegetarian dishes go through the grilling section while the other 50% go through the baking (oven) section. Gluten free dishes go through the chopping and dicing section and the stir fry kitchen only. The typical order size consists of 25 non-veg orders, 12 veg orders and 5 gluten free orders. Marination of vegetarian dishes take 5 minutes while that of non-vegetarian dishes 1 hour. Chopping and dicing for 10 vegetarian/gluten-free dishes take an hour, while…Use the accompanying graph to answer the following questions. Assume the company makes 83,000 parts per month of Product A and 39,000 parts per month of Product B. Click the icon to view the provided graph. (a) Which Product has the higher variable cost, and what is this value in units of dollars per part? Product B has the higher variable cost. This value is $.50 /part. (Type an integer or a decimal. Round y (b) Which Product has the higher selling price, and what is this value in units of dollars per part? Product B has the higher selling price. This value is $ 1.69 /part. (Type an integer or a decimal. Round (c) Which Product has the faster breakeven time, and what is this value in units of months? Product B has the faster breakeven time. This value is 22 month(s). (Type a whole number.) (d) At 6 years, which Product makes more profit and what is this value in units of dollars? At 6 years Product A makes more profit. This value is $4,850,000. (Type a whole number.) k my instructor…
- You are currently in a job as a chef in a restaurant earning $100,000 per year. You are considering opening up a restaurant in a building which you currently own. You estimate that, if you wanted to, you could rent out your building for $25,000 per year to another restaurant. Last year, your revenues and expenses from the restaurant were the following: Revenues $400,000Cost of Food $120,000Salaries/Wages $100,000Utilities $25,000Taxes $20,000 What is your accounting profit? Show your calculations What is your economic profit? Show your calculations Assuming that you are indifferent between being a chef or owning a restaurant, should you open up your restaurant? Explain why. Now suppose that instead of owning the building where your restaurant will be located, you had to pay rent of $25,000 per year for the building. Will your answers to parts 1-3 change? Show your calculations. Explain how and why your answers will change or…QUESTION 1 Khaled has developed a new technology device that is so exciting he is considering quitting his job in order to produce and market it on a large-scale basis. Khaled will rent a small factory for 2,000dhs per month for production purposes. Utilities will cost 500dhs per month. Khaled has already taken an industrial design course at Dubai Men's College to help prepare for this venture. The course cost 800dhs. Khaled will rent production equipment at a monthly cost of 4,000dhs. He estimates the material cost per unit will be 20dhs, and the labor cost will be 10dhs per unit. He will hire workers and spend his time promoting the product. To do this he will quit his job which pays 20,000dhs per month. Advertising and promotion will cost 3,500dhs per month. Required: 1- 2- Calculate the total Fixed cost= 3- Calculate the total variable cost per unit= 4- If the machine max production capacity is 1000 units per month, what is the selling price he should set to break even monthly?=Fig 2.1 illustrates the law of diminishing returns in seeking the optimum system (or component) performance and hence the need to balance the performance against the cost. Give examples of two pairs of characteristics other than performance versus cost where optimizing one frequently competes with the other, and briefly explain why they do.
- Write a paragraph to explain to your CEO that based on using regression analysis, through using the solver tool of excel, recalculate the optimum units to produced this month is 800 pro 200 mini to have the maximize revenue of $174,400.00. Explain what/why would it be if you make any changes in the units to stay within the constraints that you have it would produce less money.Adam is thinking about going back to university as a full-time student. For the last 5 years, he has been working as an assistant manager at Superstore earning $60,000 per year. However, he has been offered another job with a small company as an assistant manager. If he takes the new position, he will earn $70,000 per year. Adam is already renting an apartment in Calgary for $1,500 per month and his food costs are $700 per month. If he decides to go to university, tuition is going to cost $7,000 per year and his books will cost another $1,500 per year. To finish his university projects, he must buy a new laptop computer (with specialized software) at a cost of $1,500. This is a one- time (first year) expense as the laptop (and software) will last 4 years. If Adam decides to go back to university as a full-time student, what is the cost of doing a 4- year degree? $35,500 $280,000 $275,500 $315,500A 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?