Which of the following is correct? The break-even point occurs when: Select one: O a. contribution margin per unit equals total fixed expenses. O b. total profit equals total expenses. O c. target profit equals to zero. O d. None of the given answer is correct. e. total variable expenses equal total contribution margin. Next page co EX5A-3 and Jump to... Appendix 5A

Q: Quantity 0 1 2 3 4 5678 No 9 10 TC TFC TVC ATC AFC 20 13 52 32 8 53 63 29 AVC 8 6.5 What is average…

A: Before selling the good to the market, one has to produce it. Production of the good has various…

Q: If a firm using only capital and labor doubles its labor input and output increase by less than 100…

A: 9. Answer is "Production exhibit decreasing returns to scale" A production function has decreasing…

Q: $8 betv its, $18.25

A: We have  When Output 7 units Total Cost is $150 Marginal Cost = $8 (between 7th & 8th unit) When…

Q: Given the information TC 10 9 12 14 15 $100. 200 400 600 800 1000 1200 1400 in the table, total…

A: Fixed costs(FC) are expenses that remain constant regardless of the amount of output(Q). Variable…

Q: 8) Economic costs include costs, while accounting costs include Only implicit; both explicit and…

A: Economic cost and accounting cost are two ways to analyze the expenditure associated with a specfiic…

Q: Which statement is correct? Choose an answer O 1. The average fixed costs increase with the…

A: In long term, the price must be higher than the average cost  that means contribution margin must be…

Q: Production capability is now only 23000 gallons at most.  The squeezer cannot be fixed and IceLess…

A: Total fixed cost = 65600.30 Total variable cost = 3.30 Total Earning = $94400 above fixed costs =…

Q: The following data relate to direct labor costs for the current period: Standard costs 7,100 hours…

A: The direct labour time variation compares the actual work hours utilised to the projected labour…

Q: Consider the case of a manufacturing company which produces and sells brand pens. The selling price…

A: Given information:Total fixed operating cost (FC) = $2 millionTotal fixed financing cost (FCF) =…

Q: According to Little's Law, which statement is correct for a stable process: O a. For a given…

A: Consider the Little's Law: L = λ x W Where, L = L can be considered as the quantity of the average…

Q: given: production=150,000 unit unit price= $ 25 Design A Fixed Cost $100,000 Variable Cost ($/x)…

A: Total revenue can be defined as the amount of revenue earned by a firm from sale of goods and…

Q: management of a firm wants to introduce a new product. The p -$2,850+$2.75Q that is the break-even…

A: At break even point total sales is equal to the total cost and there is no loss and no profit and…

Q: What is the rule for maximizing profit for a competitive firm?

A: Since you have posted multiple questions we will provide answer for the first question as per our…

Q: Total Cost Output (Units) ($) 50 10 120 20 170 30 210 40 260 50 330 60 430 Total costs include a…

A: MC = Change in TC / Change in Q ATC = TC / Q Q TC Change in TC Change in Q MC ATC 0 50…

Q: Input Total Product 20 32 42 50 55 58 8. 58 56 1. From the table given above, answer the following…

A: AP is the average product which is the ratio of total product and input.MP is the Marginal product…

Q: The Bluebird Factory reported $1,000,000 in total revenues and $60,000 total variable costs during…

A: Given: The total revenues are = $1,000,000 The total variable costs are = $60,000 To Find: The…

Q: 1. Given the following input-output relationship: Labor O Output O 1 10 Inputs X1 X2 2 14 A 825…

A: The input-output relationship is given below:LaborOutput00110214319427544657769871972Output Price =…

Q: Question 12 Table: Variable Costs for Lawns Quantity of lawns Variable costs $0 10 100 20 300 30 500…

A: Total cost of 20th unit =$35*20=$700 Fixed cost of 20th unit =Total cost - variable cost…

Q: Table 8.1 Q 0 1 ~34 2 3 5 6 P $30 $30 $30 $30 $30 $30 $30 TR $0 $30 $60 $90 $120 $150 $180 MR $30…

A: The cost function is an important tool in economics since it represents the relationship between the…

Q: 3. A firm has the capacity to produce 1,000,000 units of product per year. At present, it is able to…

A: Production refers to the goods and services that are produced in an economy.  Production is the…

Q: Technical efficiency means O how much output can be produced per unit of productive input or…

A: Technical efficiency means the relationship between resource inputs and outputs. Technical…

Q: Output Total Fixed Cost Total Variable Cost $9 $0 1 $9 $5 $8 $9 $9 $10 4 $9 $11 $9 $12 dollars. The…

A: Total variable cost increases with increase in production and fixed cost is independent of output.

Q: Which of the following statements is false? Manufacturing Overhead Costs are: Select one: O a None…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Diminishing total product, marginal product and average product characterize Stage 1. O True O False

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Minimum efficient scale occurs at an output of 10000 d. 35000 22000 e. 43000 c. 28000   At which…

A: We are going to find the production level responsible for minimum efficient scale and diseconomies…

Q: Costs (dollars per unit) $296 288 O $0.67. $80. O $96. 208 200 $200. 0 What is the average fixed…

A: Average Fixed Costs (AFC) is a measure used in microeconomics and cost accounting to assess the…

Q: Which of the following factors co Select all that apply. A B C fixed capital costs that diminish…

A: Economies of scale refer to the cost advantages that a business can achieve as it increases its…

Q: In the basic EOQ model, if total annual demand = 6000 units per year, ordering cost per order =…

A: Economic order quantity (EOQ) is the ideal quantity that a company should purchase to decrease…

Q: We have been asked to analyze our toy products by price (from $10.00 to $13.00 by 0.25) and quantity…

A: Given, Fixed Cost = $94,550 Material cost per toy = $4.77 Labor cost per toy = $3.17 The profit =…

Q: Question 17 2011 Product Quantity Price Meat Potatoes 200 133.3 O 93.0 O 143.3 120 O 150 2006 O 91.7…

A: The Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket…

Q: Which of the following statements related to cost estimation methods is true? O a. The three methods…

A: a)The aim of the cost estimation methods is to estimate fixed and variable cost. So, this option is…

Q: Milford Industries provides medical equipment to oncology and surgical units in major hospitals.…

A: Given, IDC allocation for three departments Production, subassemblies, and final assembly is given…

Q: 4. Given the information that follows: Sales - 750,000, explicit costs 450,000, return you could…

A: Given information:- Sales                       = $ 750 000 Explicit cost            = $ 450 000…

Q: When a plant is still in the blueprint stage, the expected per-unit cost of producing alternative…

A: When evaluating the expected per-unit cost of producing alternative rates of output for a firm that…

Q: 4

A: As per honor code, we’ll answer only one question at a time , we have answered the first question…

Q: $15 $10 $5 1 2 3 he graph above shows the supply for a good. alculate the producer surplus for when…

A: Producer surplus(PS) is the economic benefit that producers receive when they sell services or items…

Q: D 0 1 2 3 4 5 TFC TVC 0 20 30 45 80 135 TC 60 AFC AVC ATC MC

A: Total Fixed cost is the cost incurred independent of the level of output. It is incurred even at…

Q: Average total cost tells us the O 1) cost of the last unit of output, if total cost does not include…

A: A firm calculates average cost to determine their efficiency in the production process. A higher…

Q: The per-unit standards for direct labor are 2 direct labor H was $30000 for 4000 direct labor hours…

A: According to the question, Production unit - 2400 unitsLabor cost - $30000 for 400 labor hoursTotal…

Q: O b) diminishing marginal product.

A: The value of resources declined over time means the value of increase in total production decreases.…

Q: Gumez runs a small pottery firm he hires one helper at $12,000 per year, pays annual rent of $5,000…

A: a.Accounting profit can be calculated as follows:Accounting profit = revenue – explicit cost= 72000…

Q: (1 point) Which of the following is an example of an economic barrier to entry? O A) Patent. B)…

A: Answer:- 26) C. licensing fee  Explanation- Choice A patent is the selective right allowed for a…

Q: $49E $43 $35 $25 FC 1 2. Reference: Ref 7-1 Given the curves shown in Figure 7-1, the average…

A: Total cost is the sum of variable cost and fixed cost  TC =VC + FC VC = TC - FC At Q=3, TC = 49, FC=…

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…