A firm faces the following costs: total cost of capital = $6,000; price paid for labor = $30 per labor unit; an price paid for raw materials = $8 per raw-material unit. Initially, the firm can produce 4,000 units of output by combining its fixed capital with 150 units of labor and 600 units of raw materials. After the firm improve its production process, it can produce 5,000 units of output by combining its fixed capital with 50 units of labor and 500 units of raw materials. How will the firm's total costs change as a result of the improved production process? Instructions: Enter your answers as a whole number. Total cost changes from $ using the original process to $ using the improved process.

A contractor builds three types of houses: the Aries, the Belfair, and the Wexford. Each house requires one lot, and the following table gives the number of labor-hours and the amount of capital needed for each type of house, as well as the profit on the sale of each house. There are 9 lots, 36,400 labor-hours, and $2,574,200 available for the contractor's use. Aries Belfair Wexford Labor-hours 3,000 3,700 5,000 Capital $205,000 $279,600 $350,000 Profit $20,000 $25,000 $30,000 (a) Building how many of each type of house will maximize his profit? Aries houses Belfair houses Wexford houses (b) What is the maximum possible profit? $ Need Help? Read It

According to the latest unemployment report, American manufacturing added 24,000 jobs last month but in Skowhegan Maine more than 300 manufacturing jobs at a New Balance shoes plant could be on the line in the face of new competition overseas. Employees at the plant, like Skip Bowman, know that his company would make more money if it would shut down the plant and move his job oversees. He says that every day he walks through the doors; he is part of the effort to keep the factory going. New Balance is the last major brand to produce athletic shoes in the U.S. About 25% of its manufacturing is still in New England where it has operated for nearly a 100 years. The privately owned company says it is committed to its American workers. In discussions with Pat Welch, plant manager for New Balance, he says that if they were thinking about the bottom line and only the bottom line, New Balance wouldn’t be here (Skowhegan Maine). In the backdrop of plant operations, Welch interacts with workers…

1– Please complete all work in excel.  Use excel to make the calculations (cells can be clicked on to view any formulas used) and be sure to identify your answer, including units.  You must have an excel file with formulas within the cell. 2. Gas & Go is considering offering movie rentals through a self-service company that would locate a machine on the inside of the market store. BlueBox would charge an annual lease fee of $500 for delivery, setup and maintenance, and there is an energy cost of $0.08 for every video rented. GreenFilms would charge an annual lease of only $400, but the energy cost for every video rental is $0.10 due to the larger size of the machine.  Customers rent each movie for $1.00, regardless of the company, and the Gas & Go would earn 30% of that revenue for each rental. a. At what volume in number of rental transactions would the two options have the same cost?