onsider the production process for a Vending Machine Service. Identify the fixed costs associated with running your small business. Identify the variable costs associated with running your small business. Discuss changes you might make in the long run.

Use Excel to show formulas used  Amazing is evaluating three locations for a second headquarters. Costs for construction at location A are $18,900,000, Location B are $21,700,000 and Location C are $23,300,000.  Variable costs for Location A are $16, Location B are $14 and Location C are $12.  The company plans to sell products for $27. Create a cost-volume graph that shows cost lines for all three options through 2,000,000 units.

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The ratio of total cost to number of units produced defines: a. Incremental cost b. Average cost c. Marginal cost d. Opportunity cost.

Question 8 page 28 Janet spends $20,000 per year on painting supplies and storage space. She recently received two job offers from a famous marketing firm- one offer were for $100,000 per year, and the other was for $90,000. However, she turned both jobs down to continue a painting career. If Janet sells 25 paintings per year at a price of $8,000 each: a. What are her accounting profits? Show your steps leading to your answer b. What are her economic profits? Show your work!

Output (Concession Stand Items) Number of Workers Employed Per day Price of Labor Per Worker Per Day Total Variable Cost of Labor Total Fixed Costs Per Day Total Cost Per Day Average Price of Concession Stand Items Total Revenue Profit Average Variable Cost Average Fixed Cost Average Total Cost Marginal Cost Marginal Revenue 0 0 $120   $2,000   $8.00               100 2 $120   $2,000   $8.00               400 4 $120   $2,000   $8.00

Fill in the blanks in the table below. The problem is a "puzzle" so the blanks are not necessarily filled in sequentially. (Hint: Determine the total fixed cost first.) Instructions: Enter your answers rounded to two decimal places. Total Average Fixed Cost Average Total Cost Marginal Cost Output Variable Total Cost Cost 1 $10.00 $9.76 $9.76 $19.76 2 $19.06 $14.53 $9.30 $29.06 3 $3.33 $12.63 $37.90 4 $2.50 $36.31 $11.58 $8.41 $46.31 $2.00 $44.30 $10.86 LO

in your own personal life, what are some fixed and variable costs you have?

What are different types of costs involved in production of goods and services? Analyze the relationship between cost and productivity in the short run.

Firms are facing a lot of challenges when dealing with their costs of production. Analyze a fixed and variable cost in a fast food restaurant and how this cost will impact their operations when their business starts to grow.