Given the above information on cost, if you charge $15 per entry, what is the breakeven quantity of bags that you should order?  At what quantity of bags will profits be maximized? Please select any/all correct responses below:        Using Qb = F/(MR - AVC) where Qb is the break even quantity, the event would break even at 283 bags.     Using the profit-maximizing rule, MR ≥ MC, the quantity of bags that will maximize profits is 200 bags.     Using the profit-maximizing rule, MR > MC, the quantity of bags that will maximize profits is 300 bags.     The break even quantity cannot be determined in this case.

Total Fixed Total Variable Labor (workers) (units per day) Output Cost cost (dollars) (dollars) 20 20 25 50 1 2 3 715 13 16 20 20 100 4. 5. 18 20

Accounting profit is $1500 and the explicit cost is $450 Calculate the value of total revenue

A worker fell from the roof of a 2 storey building due to lack of fall protection. He incurred head fractures. He was confined in the hospital and was advised to rest for at least 6 months under further observation. 1. Identify the Direct Costs 2. Identify the Indirect Costs

Total Average Average Average Margin Product Fixed Cost Variable Cost Total Cost Cost 1 $100.00 $17.00 $117.00 $17 50.00 16.00 66.00 15 33.33 15.00 48.33 13 25.00 14.25 39.25 12 20.00 14.00 34.00 13 16.67 14.00 30.67 14 7 14.29 15.71 30.00 26 8. 12.50 17.50 30.00 30 11.11 19.44 30.55 35 10 10.00 21.60 31.60 41 11 9.09 24.00 33.09 48 12 8.33 26.67 35.00 56 The accompanying table gives cost data for a firm that is selling in a purely competitive market. If there were 1,000 identical firms in this industry and total, or market, demand is as shown in the second table, equilibrium price will be Price Quantity Demanded $50 3,000 42 6,000 36 9,000 32 11,000 20 14,000 13 19,500 Multiple Choice • $32. • $42. • $36. • $20.

Output TFC TVC TC MC АТС A 25 25 ---- -- ---- -- B 1 25 25 50 25 50 C 2 25 40 65 32.5 3 25 70 95 E 4 25 110 33.75 F 5 25 160 50 What is the total cost at point E? 135 125 185 Cannot be determined

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Output AFC AVC ATC MC 1 300 100 400 100 2 150 75 225 50 3 100 70 170 60 4 75 73 148 80 5 60 80 140 110 6 50 90 140 140 7 43 103 146 180 8 38 119 156 230 9 33 138 171 290 10 30 160 190 360   Refer to the chart above. The total fixed costs are what?

Calculate average fixed cost if total fixed cost is $700 and output is 15 units

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