A trader wants to open a diamond shop in the Singapore area with a choice of the Kembangan, Orchard or Sembawang area. Each of these area options has a local supplier providing a price quote for the diamond as detailed in the table below. Area Kembangan Orchard Sembawang Questions: a. What is the volume that must be met to get the economic value per area? Determine the volume range for each area. b. Make a crossover chart sketch that describes these conditions Fixed cost 5,500,000.00 11,500,000.00 21,500,000.00 Variable cost 55,000.00 35,500.00 15,500.00 c. If in the end the merchant wants to sell as many as 600 cans at a selling price of Rp. 60,000 per can, calculate the profit from each area. Where did the merchant finally determine his location?

A trader wants to open a diamond shop in the Singapore area with a choice of the Kembangan, Orchard or Sembawang area. Each of these area options has a local supplier providing a price quote for the diamond as detailed in the table below. Area Kembangan Orchard Sembawang Questions: a. What is the volume that must be met to get the economic value per area? Determine the volume range for each area. b. Make a crossover chart sketch that describes these conditions Fixed cost 5,500,000.00 11,500,000.00 21,500,000.00 Variable cost 55,000.00 35,500.00 15,500.00 c. If in the end the merchant wants to sell as many as 600 cans at a selling price of Rp. 60,000 per can, calculate the profit from each area. Where did the merchant finally determine his location?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Select all statements that are true using the attached chart. A.)Breakeven is the quantity where TR - TC = 0 B.)The profit maximizing quantity of participants/bags is MR ≥ MC 300 C.) The profit maximizing quantity of participants/bags MR ≤ MC 400 D.) Using Qb = F/(MR – AVC) the breakeven quantity of participants/bags is 113 and 115 bags.
quiz Product Energy bar A Energy bar B Number of Consumers Who Try the Product Number of Repeat Customers Profit per Repeat Customer Profit from Repeat Customers Cost of Advertisement 15 million 15 million 8 million 4 million $4 $32 million $15 million 4 16 million 15 million In the table above, the profit from repeat customers will equal the cost of the advertisement if there are million repeat customers. (Enter your response rounded to two decimal places.)
Please answer it with clean and complete solution. Thank you.
What information should be included in a quote? (select all that apply) options: mark up fee what services your quotation included the currency used in the final figure routing and mode of transportation the reason for the quote description/type of goods the total weight, volume, pieces of the shipment whom to contact for further information or booking any provisos validity date origin and destination of the cargo definition of terms signature of the person preparing the quotation
help please Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Solve it early all subparts correctly I upvote definitely. Handwriting or typed not in excel
An entrepreneur named Khadijah has total revenue shown by the equation TR = 150Q - 5Q² and total costs shown by the equation TC = 20 - 10Q. Determine the amount of output that must be produced by Khadijah to get the maximum profit and what is the maximum profit from that amount of output. Prove that the value obtained is the maximum!
The profit associated with the production and sale of a product is the difference between the product's revenue and the cost to produce it. (a) The cost to produce the Rolls-Royce can be estimated at $200 million of fixed costs (factory maintenance, equipment leasing, labor, etc.) plus $110000 per vehicle. Write profit P, in thousands of dollars, as a formula involving the price per vehicle, p (in thousands of dollars), and q the quantity of vehicles produced: P = (b) In 2011, Rolls-Royce sold 3538 cars at an average price per vehicle of $200 thousand. Assume that the demand for these vehicles is proportional to the price, p, in thousands of dollars, and write a formula for the quantity of Rolls-Royce vehicles demanded as a function of p. q = D(p) = 17.69p (c) Use the demand model from part (b) to rewrite your profit formula from part (a) so that P is a function of only p. P(p) = (d) At what price does the model predict break even is attained? Price: thousand dollars (e) What is the…
Practice Sheet: Market Structure The objective of this sheet is to show you how prices and quantities are determined for each market structure and competition styles. It will also allow you to compare different market outcomes The demand for cookies is given by Q=120-P, where Q is the number of boxes of cookies. Assume a constant unit cost of $10, i.e. ATC=MC-$10. You may use the table below to help you understand the steps, but you don't have to. Price 0 10 20 30 40 50 60 70 80 90 100 110 120 Quantity Profit Perfect Competitive market: Assume the market was perfectly competitive. a. The long run equilibrium P=....... and Q=.. b. Industry profit=...
help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
The price p and the quantity x sold of a certain product obey the demand equation below. x= -8p +176, 0sps22 (a) Express the revenue R as a function of x. (b) What is the revenue if 144 units are sold? (c) What quantity x maximizes revenue? What is the maximum revenue? (d) What price should the company charge to maximize revenue? (e) What price should the company charge to earn at least $576 in revenue? (a) R(x) =
Two firms, Thneeds-R-Us and Mucky Motors have access to five production processes, each one of which has a different cost and gives off a different amount of pollution. The daily costs of the processes and the corresponding number of tons of smoke emitted are as shown in the table below. What is the cost to Mucky Motors of moving from process B to process C? Process (smoke) Cost to Thneeds-R-Us ($/day) Cost to Mucky Motors ($/day) Multiple Choice O O $500 per day $250 per day $320 per day $180 per day A (4 tons. per day) 50 100 B (3 tons per day) 70 180 C (2 tons per day) 120 500 D (1 tons per day) 200 1,000 E (0 tons per day) 500 2,000