Q: The hospital's laboratory costs include two components: (a) $40,000 per month for compensation of…
A: To produce a graph depicting the cost behavior of the hospital's laboratory, we must account both…
Q: 100 90 80 ATC 70 50 30 AVC 20 MC 10 + 0 0 5 10 15 20 25 30 35 40 45 50 QUANTITY (Thousands of pans)…
A: In perfect competition we assume that the marginal cost curve is same as the supply curve. The below…
Q: A company has a production capacity of 1100 units a year and its fixed costs are P60k. The variable…
A: Let Q is the new break-even quantity. Fixed cost increased from 60k to 75k Variable cost per unit…
Q: Q1 It costs a baker a fixed cost of $420 and variable cost of $2.10 per cupcake.A cupcake is sold…
A: According to guidelines, first 3 subparts needs to be solved. Profit maximisation is done by…
Q: Order cost $80.00/set/yea $200 a. What is the current total annual cost (TOR b. What is the economic…
A: Economic Order Quantity, also known as Economic Purchase Quantity, is the order quantity that…
Q: Total variable Total Average variable Output Average total cost Total Average fixed cost Marginal…
A: Here, different cost functions of a firm is given for different output level.
Q: 12 st L8 Get & Transform Data 4 6 7 1 2 Available Product 3 8 9 10 11 12 13 A 14 15 16 17 18 19 20…
A: The objective of this question is to maximize the Total Contribution Margin (TCM) given the…
Q: when studying the in formation related to Al- Kufa factory itis explained that selling price for one…
A: Price = 200 Variable Cost = 150 Fixed Cost = 48 million = 48000000 TC = 150Q + 48000000 TR = 200Q So…
Q: Can we outsource an IT Function? Give at least (3) risks or disadvantages of outsourcing the IT…
A: Outsourcing means a company is hiring regular service from external sources, mostly from other…
Q: fill in the following table
A:
Q: ICA 11-22 Your company is manufacturing a complex part from an advanced material. Assume the initial…
A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
Q: Ouput Total Cost $24 1 33 2 41 48 4 54 61 69 The TVC for Stelco Corporation of producing 6 units of…
A: Fixed cost is independent of output produced thus the required fixed cost at all units of production…
Q: In the product market there is a situation of sophisticated competition. The firm signed a contract…
A: Total revenue refers to the revenue a firm generates from operations or sales at different levels of…
Q: QUESTION 48 A fem has a Total Cost of $1000, of which $300 is Fixed Cost. If the firm a currently…
A: Average Cost is the per unit cost , here we calculate the AVC by using the given information and…
Q: TC MC AFC AVC ATC 200 1 32 2 40 3 84
A: Answer: Note: at Q=0 the MC is zero. Formula to be used: TC=FCfixed cost+VCvariable…
Q: 60000 15. Mrs. Thomas is planning on buying a food truck to sell her soon-to-be famous beef -40000…
A: 15)a) The cost of the truck would be her earnings when there are zero events. Since the earnings are…
Q: The value of average cost is 55 and the quantity is 5 units. Calculate the total cost.
A: # The formula for total cost is :- = Average cost * Quantity This is because average cost is the…
Q: ) Citizens of the country of Blackland produce and export oil and import food. In 2000 they produced…
A: “Since you have posted multiple questions, we will provide the solution only to the first question…
Q: Refer to the figure. How much is t 4000 O O 0 2000
A: The fixed cost refers to cost that does not change with change in level of output. It is not…
Q: Find the Total Cost, Marginal Cost, Total Revenue, Marginal Revenue, and Profit/Loss. Q TFC TVC TC…
A: TC is calculated using the formula : TC (Total Cost) = TFC (Total Fixed Cost) + TVC (Total…
Q: (d) What is the variable cost? ta What is the fixed cost?
A: since the cost of renting tuxes for choral societies formal is $19 down plus $85per tax. so, The…
Q: Your cousin Vinnie owns a painting company withfixed costs of S200 and the following schedule…
A: Given: Quantity Variable cost 1 10 2 20 3 40 4 80 5 160 6 30 7 640
Q: 3. A company in the US has traditionally been outsourcing toy production to Vietnam The table below…
A: A landed cost is the cost incurred to a producer to create a product, transporting the product, and…
Q: Which of the following is an example of a Variable Cost? A. an employee who makes $40,000 a year B.…
A: Fixed cost is the cost that remain same at all levels of output. Variable cost is the cost the…
Q: Compute the following Q P TR MR AR TC TR-TC 0…
A: Total revenue is the revenue that a producer received after selling the output and marginal revenue…
Q: When marginal product increases, marginal cost increases. True False
A: Marginal product is the additional output produced by the additional worker or the change in the…
Q: Units of fixed input K Labor Hours (L) Output (Q) TFC TVC TC AFC AVC ATC MC 3 0 0 90 0…
A: A firm is an entity that plays the role of a supply-side participant in the market. A firm…
Q: The profit when the firm is profit maximizing is _______
A: The practice of maximizing the gap between revenue and total costs is known as profit maximization,…
Q: If a firm has economies of scope, which of the following would best decribe what the firm is…
A: Economies of scope is defined as a situation where the production of one good lowers or reduces the…
Q: A fast computer runs 4 algorithms per hour while a slow computer runs 2 algorithms per hour. Draw…
A: MRTS MRTS which is also known as Marginal rate of technological substitution is an economic…
Q: 125 q? 4. 16 A(q) where q is the firm's output. (i) Determine the level of output for average costs…
A: Average Cost A(q) = 125q+q216-4 .............(1) We know that the average cost is equal to the…
Q: Units of fixed input K Labor Hours (L) Output (Q) TFC TVC TC AFC AVC ATC MC 3 0 0 90 0…
A: In a market, producers have to face various constraints such as cost minimizing or…
Q: A cafeteria sells sandwich. The fixed costs of running the eafeteria are $1,700 a month and the…
A: The formula for break-even quantity is, Break even quantity = Fixed cost / [Price - Variable cost…
Q: Output quantity Total variable cost Total cost 0 $0 $250 25 450 50 300 X 75 375 100 600 850 125…
A: Total cost is the sum of fixed cost and variable cost. Fixed cost remains constant and does not…
Q: For each cost function (given in dollars), find the cost, average cost, and marginal cost at a…
A: The Marginal cost of production refers to the change in the total cost of production when one…
Q: A short production run with frequent adjustments to machines is considered a(n). process of…
A: The inputs such as capital, labour and land are used to produce and output in the market are known…
Q: tuey the VP for advertising at the Meg-low Mart is trying to sell Meg-Low Mart Body Spray for $1.99…
A: Following is the given information: Given the selling price of Spray = $1.99 per unit Variable cost…
Q: Alex is a hard-working college sophomore. One Saturday, he decides to work nonstop until he has…
A: Marginal gain is the addition to the total gain by employing an additional unit of input. Time spend…
Q: Costs ($) 800 TVC 500 450 300 0 1 2 3 4 5 6 7 8 9 10 11 12 Units of output 1. Refer to the figure,…
A: Total cost has two components one is varaiable and another one is fixed.
Q: The average variable cost for 2 units of output is O 12.5 O 7.5 O 95 0 5
A: The firms, and businesses in the market tend to make up the supply side of the markets. The firms…
Q: What is Penys fad mandacturing ovethead volume vanance? OA S2500 untavole OB $2325 00 tavorable OC…
A: Overhead is the ongoing expenses of the business that are not directly related to the production of…
Q: If the marginal product of capital decreases, what happens to the IS curve? (a) It shifts outward.…
A: The extra output, return, or profit provided per unit by edges from production inputs is spoken as…
Q: The change in fotal costjof production as the output or total product of the business is expanded…
A: Marginal cost: It is the extra cost of producing an extra unit product.
Q: When a firm experiences a positive technological change (A) the price of a share of the firm's…
A: Technological change refers to the process of advancements and improvements in technology that lead…
Q: A firm has the following cost curves: Q MC VC FC TC AVC ATC 0 --- 0 30 30 --- --- 112 2 22 26…
A: Fixed cost is the cost that remains same at all levels of output. Variable cost is the cost that…
Q: Write an equation to represent the total costs for each location.
A: Fixed costs: These are the costs which remains fixed irrespective of changes in the production…
Q: Hplant produces 15000 gallons per particular chemical cost 2.5millions in n 1987. when the Cast…
A: Given: Old cost=2,500,000 New cost or cost now=5,000,000 Old capacity= 15,000 gallons New…
Q: ont Total cost Output pil changes per hour) (dollars p er hour) 10 1 20 35 3 50 4 so
A: Fixed cost is the cost that remains same at all levels of output whereas variable cost is the cost…
Step by step
Solved in 2 steps with 1 images
- Save The production function for a product in given by q-100KL mergnal product functione MP100K end MP100 he poe of cp,cs00 per day wnd the priefer, w, in S400 per day, what the minimum cost of producing 10,000 units of oupun The minimum cost of producing t10,000 units of output is Round al intemediate retb deciml placand erter your pone unded te deia psOutput (unit) Total cost (RM) Total fixed cost (RM) Total variable cost (RM) Average fixed cost (RM) Average variable cost (RM) Average total cost (RM) Marginal cost (RM) 0 600 600 - - - - - 10 1050 600 450 60 45 105 45 20 1450 600 850 30 42.5 72.5 40 30 1800 600 1200 20 40 60 35 40 2100 600 1500 15 37.5 52.5 30 50 2450 600 1850 12 37 49 350 60 2850 600 2250 10 37.5 47.5 40 70 3300 600 2700 8.57 38.57 47.14 45 80 3850 600 3250 7.5 40.625 48.125 55 90 4500 600 3900 6.67 43.34 50 65 100 5250 600 4650 6 46.5 52.5 75 Which time period is the firm operating? Why?Additional Algo 10-18 Holding Costs Express Scripts has $2,023 million of inventory. Their holding cost is 31%. What is the total annual cost for carrying inventory at Express Scripts? (in $ million). Instruction: Round your answer to one decimal place. Total annual cost for carrying inventory million
- A. What is TVC of selling 50,000 lobsters? B. What is the amount of Karol's TFC? C. What is Karol's fixed cost per lobster at an output level of 60,000? D. At an output level of 70,000, what do TC equal?Q10Mr. Jack is in the process of expanding his manufacturing business. He decided to open a plant in the coming year. He has four locations in mind. The costs information for these locations is in the following table. Location A B C Fixed Cost 60000 80000 130000 Variable Cost 30 20 10 Write an equation to represent the total costs for each location. Draw the total costs lines for each location on the same axes. (Use output ranges of 2000, 4000, 6000, 8000 etc. and intervals of $50,000 on the Y axis. Over what range of output is location A the most preferred location? Over what range of output is location B the most preferred location? Over what range of output is location C the most preferred location?
- why is the working capital productivity in an electronics firm an important factor?The profit function for a certain commodity is P(x) - 190x - x - 1000. Find the level of production that yields maximum profit, and find the maximum profit. units P-$ Need Help? Talk to a Tutor Read t Watch itplease view photo uploaded