Undergraduate students:£9,000Total Cost Functions for UndergraduateStudents£8,000£7,000£120,000,000£6,000f100,000,000£5,000MC£80,000,000£4,000FAC£60,000,000£3,000£40,000,000£2,000£20,000,000£1,000£0£02,7505,5008,25011,00013,75016,5005,00010,00015,00020,000TCGraduate students:Total Cost Functions for Graduate Students£14,000£30,000,000£12,000£25,000,000£10,000£20,000,000£8,000£15,000,000MC£6,000FAC£10,000,000£5,000,000£4,000£0£2,0005501,1001,6502,2002,7503,300-- TC£0500100015002000250030003500 Q 4: Answer the questions below using the following Table (you can also take help from the Figures ifneeded):MC ($)7,2596,5485,8385,1254,4173,706MC ($)6,5416,8217,102Total cost ($)105,311,250202,070,000StudentsAC ($)Undergraduate13,75027,50041,25055,00068,75082,500Students7,6597,3487,0386,7276,4176,106369,985,000441,168,750503,745,000Total cost ($)AC ($)Graduate2,7505,5008,25011,00013,75016,50012,14033,385,0009,3998,6728,3658,2498,22851,697,0007,3837,6647,94592,015,000113,423,750135,762,000(a)IDENTIFY and EXPLAIN differences between the universities' cost structures forundergraduate and graduates?(b)The new Vice Chancellor has asked you for advice on whether she should consolidate orexpand the programs. Provide your advice using the information in the table.(c)What is the effect of the introduction of a license fee of 9 million dollars by the governmentfor undergraduate programs being offered by universities on the zero-profit curve for theseprograms? Use relevant plots in your answer.

The MC of graduate students rises rapidly which means MC falls at a diminishing rate. As MC rises…

Q 4: Answer the questions below using the following Table (you can also take help from the Figures if needed): М ($) 7,259 6,548 5,838 5,125 AC ($) 7,659 7,348 7,038 6,727 6,417 6,106 Total cost ($) 105,311,250 202,070,000 Students 13,750 27,500 41,250 55,000 68,750 82,500 Students Undergraduate 4,417 3,706 MC ($) 6,541 6,821 7,102 7,383 7,664 7,945 369,985,000 441,168,750 503,745,000 Total cost ($) 33,385,000 51,697,000 AC ($) 2,750 5,500 8,250 11,000 Graduate 12,140 9,399 8,672 8,365 92,015,000 13,750 16,500 8,249 8,228 113,423,750 135,762,000 (а) IDENTIFY and EXPLAIN differences between the universities' cost structures for undergraduate and graduates? (b) The new Vice Chancellor has asked you for advice on whether she should consolidate or expand the programs. Provide your advice using the information in the table. (c) What is the effect of the introduction of a license fee of 9 million dollars by the government for undergraduate programs being offered by universities on the zero-profit curve for these programs? Use relevant plots in your answer.

Q 4: Answer the questions below using the following Table (you can also take help from the Figures if needed): М ($) 7,259 6,548 5,838 5,125 AC ($) 7,659 7,348 7,038 6,727 6,417 6,106 Total cost ($) 105,311,250 202,070,000 Students 13,750 27,500 41,250 55,000 68,750 82,500 Students Undergraduate 4,417 3,706 MC ($) 6,541 6,821 7,102 7,383 7,664 7,945 369,985,000 441,168,750 503,745,000 Total cost ($) 33,385,000 51,697,000 AC ($) 2,750 5,500 8,250 11,000 Graduate 12,140 9,399 8,672 8,365 92,015,000 13,750 16,500 8,249 8,228 113,423,750 135,762,000 (а) IDENTIFY and EXPLAIN differences between the universities' cost structures for undergraduate and graduates? (b) The new Vice Chancellor has asked you for advice on whether she should consolidate or expand the programs. Provide your advice using the information in the table. (c) What is the effect of the introduction of a license fee of 9 million dollars by the government for undergraduate programs being offered by universities on the zero-profit curve for these programs? Use relevant plots in your answer.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

600 550 500 450 400 360 350 300 270 250 200 150 100 50 0 ATC> MC a 6 10 19. What is the Average Total Cost at Q=6? a) 7.50 b) 12 c) 20 d) 25 e) 45 f) 100 g) 120 h) 160 b 20 O ATC=MC 30 TC ATC< MC 37 40
q 075150225 300 375 450 C(q)21 29 26 25 30 25 27 The table shows the marginal cost of producing q units of goods. a) If the fixed cost is $9600, use the average of left- and right- hand sums to determine the total cost of producing 225 units. Answer: $ b) How much would the total cost increase if production were increased one unit, to 226 units? Answer: $
Question 22
Suppose a company has fixed costs of $1500 and variable costs of (3/4)x + 1120 dollars per unit, where x is the total number of units produced. Suppose further that the selling price of its product is 1200 − (1/4)x dollars per unit. (a) Find the break-even points. (Enter your answers as a comma-separated list.)x = (b) Find the maximum revenue. (Round your answer to the nearest cent)$ (c) Form the profit function, P(x), from the cost and revenue functions.P(x) = Find maximum profit. (Round your answer to the nearest cent.)$ (d) What price will maximize the profit? (Round your answer to the nearest cent.)
Suppose that the total variable cost for 5 outputs is equal to $100 and the total fixed cost for the same output is equal to $50. The total per unit cost (ATC) is? Group of answer choices $ 20 $ 100 $ 30 $ 50 $ 10
Explicit cost = $100 Implicit cost = $163 Total cost = ?
could you please answer with pen and paper?
Suppose that the dollar cost of producing q appliances is c(q) = 1500 + 140q-0.3q. (a) Find the average cost per appliance of producing the first 150 appliances. (b) Find the marginal cost when 150 appliances are produced. (a) The average cost per appliance of producing the first 150 appliances is $ (Round to the nearest cent as needed.) per appliance. The total-cost function for an electric light and power plant is estimated to be c= 32.07 -0.79g +0.02142q -0.0001g 10sqs 100 where q is the eight-hour total output (as a percentage of capacity) and c is the total fuel cost in dollars. Find the marginal-cost function and evaluate it when q 38. Determine the marginal-cost function. Select the correct choice below and fill in the answer box to complete your choice. (Use integers or decimals for any numbers in the expression.) OA. dq OB.
A study of 86 savings and loan associations in six northwestern states yielded the following cost function. C� = 3.69 - 0.007999Q� + 0.000005359Q2�2 + 25.0X1�1 (3.69) (3.08) (3.42) (3.50) where C� = average operating expense ratio, expressed as a percentage and defined as total operating expense ($ million) divided by total assets ($ million) times 100 percent. Q� = output; measured by total assets ($ million) X1�1 = ratio of the number of branches to total assets ($ million) Note: The number in parentheses below each coefficient is its respective t-statistic. Holding constant the effects of bank branching (X1�1), what is the level of total assets that minimizes the average operating expense ratio? $746.31 million $1,562.70 million $1,492.63 million $461.31 million What is the average operating expense ratio for a savings and loan association with the level of total assets determined in the previous part and 1 branch?…
10K L%. 1). Consider the production function Q = (a) What is the output when K = 100000 and L = 243? (b) Use the marginal analysis to estimate Q(99995, 243) and Q(100000, 245). (c) Use a calculator to compute these two values of Q to three decimal places and compare these values with your estimates in (b). (d) How big must AL be in order for the difference between Q(100000, 243+AL) and its linear approximation Q(100000, 245) + -DAL, to differ by more than two units?