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- Geralt works for Stregobor as a witcher earning $87,000 a year. He decides to quit his job andbecome a freelance witcher. As a freelancer, he spends $7000 on herbs and weapons. Insurancecosts him $1000 a year. He pays himself $145,000 as a salary. His total revenues for the year are$191,000. Based on this information, what were his economic costs as a freelance witcher?b. Five Sales Executives have been told by their company Heavy Machines Limited (HML) that eachsales executive, will be relocated to work at one of five branches of their company, in theCaribbean. The cost to relocate a sales executive at each of the five branches is shown in Table 8below: SalesExecutiveBranchJamaica Antigua/Barbuda Trinidad&TobagoBarbados St. LuciaZenk Murt $2,550 $2,300 $ 2,700 $2,300 $2,400Rangle Tang $2,400 $2,700 $2,800 $2,600 $2,400Atil Heglam $2,600 $2,400 $2,700 $2,500 $2,400Justop Brelim $2,400 $2,500 $3,000 $2,400 $2,500Mesk Lathim $2,400 $2,300 $2,500 $2,800 $2,700 The costs shown in Table 8, are in Eastern Caribbean (EC) dollars. (i) Determine the optimal relocation of the five Sales Executives.Explain how having more work-in-process inventory can improve the efi ciency of a process. How can this be bad?
- How does fixed cost affect marginal cost? Why is this relationship important?Adam operates a small shop specializing in party favors. He owns the build- ing andsupplies all of his own labor and money capital. Adam incurs no explict rental or wagecost. Before starting his own bussines Adam earned $1,000 per month by renting outthe store and earned $2,500 per month as a store manger for a lrge departmentstore chain. Because Adam use his own money capital, he also sacrificed $1,000 permonth interest earned on U.S government treasury bonds. Adam’s monthly revenuesfrom operating his shop are $10,000 and his total monthly expense for labor andsupplies amounted to $6,000. Calculate Adam’s monthly accounting and economic profitsSuppose you run a flower-delivery business andemploy college students to drive the vans and makedeliveries. You are considering hiring an additionalworker. What information would you need toknow to decide whether doing so would increaseor decrease your profit?
- i will 10 upvotes urgentProduction costs of books are presented in the table below. Labor Quantity Fixed Cost Variable Cost Total Cost MarginalCost AverageTotal Cost 0 0 $80 $0 $80 1 10 $80 $30 $110 2 26 $80 $60 $140 3 46 $80 $90 $170 4 65 $80 $120 $200 5 78 $80 $150 $230 Using the table above, find out the marginal cost of the 46th book produced, in dollars.Times New Rom 12 A A Aa A == -=- E E T AaBbCcDc AaBbC AaBbCcC AaB AaBbCcD Аав O Find Replace BIU ab x, x A A- 目三==|m。 T Normal Heading 1 Heading 2 Title Subtitle Select Font Paragraph Styles Editing 1. 2. 4. 9. True or False 1.→Profit can-be calculated without including fixed costs. 2.→All costs can be categorized as either fixed or variable costs.T 3.→Total revenue accounts for all costs. 4.→One time-legal fees that move as services are rendered are considered variable costs. 5.→An-application fee and a fixed cost are basically the same. 6.→AVC+ AFC=TC. 7.→Short run costs are more associated with fixed costs rather than variable costs 8.→All average costs can be calculated by deriving the perunit costs 182 words MI DFocusBO e to search