(9)The mangement of Smallmarketing managerinpoimationJoniable Cost= $ 3/0nitunits Der yearand BEP( Percent Capacily)Company is thinking g intacoluce a newin a Stalemarkel' The produclionmariges and thehave agreed on the pollowing quanlitativefixed Cospríce= $6/ ünitbiingand plant Capacily=See0relating to the new Product$ 12.00/year,こFind Breakeven' pornts in BEP (quantily), BEVIdoilars)oGraphically and analytically

Total capacity= 5000 units Fixed cost =$1200 Variable cost= 3(5000) =$15000…

of Small Company is thinking inlacoluce a neuw The produclion marges and the 1nous to markel (9) The mangement marketing manager inpoimation relot ing to the new Produit Joniable Cost $3/0nit Onits per year and BEP ( Percent Capacily)•Graphically and analytically mariges and the have agreed on the pollowing "quanlitative" $ 12.00/ in a Stale fixed Cost = $ 1200/year Sale príce = $6/ önit and plant Capacily=Sco0 in' BEP (quantily), BEVIdoilars) こ Find Breakeven' pornts

of Small Company is thinking inlacoluce a neuw The produclion marges and the 1nous to markel (9) The mangement marketing manager inpoimation relot ing to the new Produit Joniable Cost $3/0nit Onits per year and BEP ( Percent Capacily)•Graphically and analytically mariges and the have agreed on the pollowing "quanlitative" $ 12.00/ in a Stale fixed Cost = $ 1200/year Sale príce = $6/ önit and plant Capacily=Sco0 in' BEP (quantily), BEVIdoilars) こ Find Breakeven' pornts

Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter24: Price-searcher Markets With High Entry Barriers

Section: Chapter Questions

Problem 12CQ

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Marvel Woodcraft makes fumiture. Marvars expected sales are 21000 bookcases for the quarter. The company begins the quarter with invertory of 3,000 bookcases and warts te heve enough finished beokceses en hand et the end of the auener to provide for 15N of the nest querter's enoected seies of 27000 bookcases. gnoring any begirving iventory r so board feet are required for anch bookcase and the wood costs $2 per board foot, how much will Marvel pay for the bookcases a neads produce during the querter Mte Choe SA o s2900.000 S405.000
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Marvel Woodorat makes furiture. Marvats exoected sales are 22.000 bookcases for the quarter. The company begins the quaner with inventory of 3,000 bookcases and worts to heve ensugh finished bookceses en hand et the end of the queter to provide for 15% ef the next querter's erpected saies of 27.000 bookcses gnoring eny beginning inventory. ir so board feat are required for each bookcase and the waod costs $2 per board foot, how much wil Marval pay for the bookcases t neads produce during the querter Mite Chee sa1os.000 sa900.000 S405000 SEO0000
)A two Product finm faces the follow- = 40-2P1 demand and Cost function 8- a) Find the output levels that satiaty the 12 demand amd 40-2P,-P2 タ,=35-P、- 8 follow- ng Cont function8 32 Demand function. C%=8it 20+ 10 cost function. a) Find the output levels that sati. order Conditions ythe tor maximum profit. 6)check the 2nd (ondition. Can you conclude that this Problem Posses a Order for sufficient unique maximum) c)What in the maximal profit?
YemaOpcumulofed other Compre hosive lass 2The feltowing Ingormation for confer But erfrises is gren below! Dee B1, 20 21 Plan assets (at fair valve) Pojected bonegil obligolion Acemulated other Comprehenaive loss $16000 1,200,000 S03,700 The Service, life of emlnyee is lo yenrs. everayeremaning The amortizahion of Accumulted other Comfre hosaive lass For 2022, using the corridor methale 1B..... ? CSannet wih Camicannw
2:06 O O M 76% cost questions practis... Youre cousm Shobha Owns a th0es with company & fellowig variable corte fived coste doo Oly f house painted Varuable O Calulate coitu 7 AFC 1. To * AVC 20 > ATC Poreach 40 4 80 160 320 640 What A the Gelationship blo a borine TR, Totad Paoghit and TC ? Q3 what u MP ? Whar doci it mean dimimishing ? ip it Draw a pudictiai finction that exhibite diminshig MP f labor
Suppose that a fim's production tuncson is 2000 1800 in the short run, where there are foed conts of s2.000, und xis the variabie irput whow cont $120 per unt 160 140 1400- What the total coet of producing a leel at cusput q? in oher words, idertify the totsl cost function Cigi S 1200 The total coet of produsing a ve of ouput q 1000- OA CI2,000 OB. Ci-2,000- 00 Cig-2,000 OD. 200- 1250 25 10 12 14 16 Quanity OE 1250g Ci-2,000. 25 Wite down the equstion for the upply ourve The supply curve is 200 OA paso. OB P-2,000 - 00e OC. P-2004. OD. P-504. OR P-100 ece If price is S00, how many units wil the fm produce? The fim wil produce unts of ouput (Enter your reeponse rounded to two decimal places) What is the level of prot Proft equals . (Enter your response roundud to hwo decinal places.) Ilustrate your anewer on a cost aurve graphn. 200 12 14 Quantity 1) Using the ine drawing tool, draw the maginal cost curve. Label it MC. 2) Luing the point druning oal, indicate the profi masimizing…
An efficeent Produc hin 9.uo1a 25: ci) is esfzient becouse it nesur Over produchiom, is under produchin . a riuent becaese it rensts ettiu huaruse it remus c3 Enefpicient becaus it remts in Underpnduchim, vchin. ii ónefgiuent because it neuults
11:22 Fri 10 Dec VPN O 79% managebac-prod-china.s3.cn-north-1.amazonaws.com.cn A have all axes and curves clearly labeled and must show directional changes. If the question prompts you to "Calculate," you must show how you arrived at your final answer. Tandy's Art is the only art studio and workshop in a small remote town, and Tandy’s Art is the only employer of artists in the area. The graph below shows the market for artists with the marginal factor (resource) cost curve, the labor supply curve, and the marginal revenue product curve. Marginal Factor Cost Supply 28 22 20 16 10 Marginal Revenue Product 4 12 18 24 32 36 40 Quantity of Artists 48 60 80 16 (a) Identify the profit-maximizing number of artists that Tandy's Art will hire. Explain using the labeling on the graph. (b) Identify the profit-maximizing wage rate that Tandy's Art will pay its artists. Explain using the labeling on the graph. (c) If the wage rate is $10, state whether there will be a shortage or a surplus of…
Is it possibie for accounting profit to be positive and economic profit to be negative? OA No, econamic proft and accounting praft will always end up baing the same. OB. No. econemic proft must always be larger than ancounting profit OC. Yes, is could occur it explicit costs were modest and impliot costs were high. OD. Yos, this cnuld accur if implict conts were modost and explicit conts were high.
The Calhoun Textile Mill is in the process of deciding on a production schedule. It wishesto know how to weave the various fabrics it will produce during the coming quarter. Thesales department has confirmed orders for each of the 15 fabrics produced by Calhoun.These demands are given in the following table. Also given in this table is the variablecost for each fabric. The mill operates continuously during the quarter: 13 weeks, 7 daysa week, and 24 hours a day.There are two types of looms: dobbie and regular. Dobbie looms can be used to makeall fabrics and are the only looms that can weave certain fabrics, such as plaids. The rateof production for each fabric on each type of loom is also given in the table. Note that ifthe production rate is zero, the fabric cannot be woven on that type of loom. Also, if afabric can be woven on each type of loom, then the production rates are equal. Calhounhas 90 regular looms and 15 dobbie looms. For this problem, assume the time requirementto change…
Sdue prdolems the OPTIMI2AION the commodity is given by p=41-0.339 aned in verse demand function for a the cost of thot commodity is ecq) = -0.02 q² +10qt80 - Find the autput level that Find the maximum potit as wet. producing maximizes protit andd verity this indeeed yields a mowimum.