Suppose a pizza parlor has the following production costs: $5.00 in labor per pizza, $3.00 in ingredients per pizza, $0.20 in electricity per pizza, $1,500 in restaurant rent per month, and $250 in insurance per month. Assume the pizza parlor produces 1,000 pizzas per month. What is the variable cost of production (per month)? The variable cost of production is $. (Enter your response as an integer.) What is the fixed cost of production (per month)? The fixed cost of production is $ (Enter your response as an integer.)
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- Jason owns a lamp store. His total costs are $145,000 per year, and his fixed cost are $19,200. His production is 12,500 per year. This means that his average variable is how much? (hint: enter your answer in two decimals) The answer should be 10.06, please explain how to get to the answerA skateboard manufacturer produces skateboards at a cost of $45 each, with a monthly fixed cost of $9000. Let x be the number of boards manufactured in a month. Write a function C(x) that represents the total cost of producing x boards. A/ Write a function A(x) that represents the average cost per skateboard each month. A/ Find the equation of the horizontal asymptote of A(x). A .DIt costs a company $58 to produce 6 units of a product and $78 to produce 10 units. Assuming that the cost is linear, how much does it cost to produce 25 units?
- Ike's Bikes is a major manufacturer of bicycles. Currently, the company produces bikes using only one factory. However, it is considering expanding production to two or even three factories. The following table shows the company's short-run average total cost (SRATC) each month for various levels of production if it uses one, two, or three factories. (Note: Q equals the total quantity of bikes produced by all factories.) NOTE: PLOT POINTS PROPERLY AND write the x and y coordinates to each point after NOTE: Options to blank question is Suppose Ike's Bikes is expecting to produce 500 bikes per month for several years. In this case, in the long run, it would choose to produce bikes using ______ (One factory OR two factory OR three factory)a. sketch the Graph of y = 2* and y = G). Also describe the application of exponential and 3 logarithmic functions in Business. b. A manufacturer estimates that when q thousand units of a particular commodity are produced each month, the total cost will be C(q) = 0.4q? + 3q + 40 40 thousand dollars, and all q units can be sold at a price of p(q) = 22.2 – 1.2q dollars per unit. 1. Determine the level of production that results in maximum profit. What is the maximum profit? 2. At what level of production is the average cost per unit A(q) = ! C(a) minimized? 3. At what level of production is the average cost equal to the marginal cost C'(q)?A company has determined that its profit for a product can be described by a linear function. The profit from the production and sale of 150 units is $455, and the profit from 250 units is $895. What is the average rate of change of the profit for this product when between 150 and 250 units are sold? Write the equation of the profit function for this product How many units give break-even for this product?
- Suppose a pizza parlor has the following production costs: $5.00 in labor per pizza, $4.00 in ingredients per pizza, $0.10 in electricity per pizza, $2,000 in restaurant rent per month, and $250 in insurance per month. Assume the pizza parlor produces 3,000 pizzas per month. What is the variable cost of production (per month)? The variable cost of production is $ 27,300. (Enter your response as an integer.) What is the fixed cost of production (per month)? The fixed cost of production is $. (Enter your response as an integer.) Clear all Fina100VKL, where q is 4. The production function for puffed rice is given by q = the number of boxes produced per hour, K is the number of puffing guns used each hour, and L is the number of workers hired each hour. (a) Calculate the q = 1,000 isoquant for this production function and show it on a graph. (b) If K = 10, how many workers are required to produce q =1,000? What is the average productivity of puffed-rice workers? (c) Suppose technical progress shifts the production function to q = 200 VKL. Answer parts (a) and (b) for this new situation.Let C(T) be a function that models the dependence of the cost (C) in thousands of dollars on the amount of ore to extract from a copper mine measured in tons (T): 1) If you computed the average rate of change of cost with respect to tons for production levels between T = 20000 and T = 40000, give the units of your answer (no calculations - describe the units of the rate of change). 2) If you had a function for C(T) and were able to calculate the answer to part 1, explain why you would not expect your answer to be negative (explanation should be in terms of cost, tons of ore to extract, and rates of change).
- Ben's swim coach estimates that his time, t, in the 100-yard butterfly at a big upcoming meet as a function of the number of yards he swims per week, y, is t = 50+8e-0.00005y Based on this production function, his coach also estimates that if Ben swims 20,000 yards per week, his time will be 52.94 seconds, and he will finish tenth place. If he swims 40,000 yards per week, his time will be 51.08 seconds, and he will come in third. If he swims 60,000 yards per week, his time will be 50.40 seconds, and he will win the meet. Use calculus to determine Ben's marginal productivity of time given the number of yards he practices. Is there diminishing marginal productivity of practice yards? Ben's marginal productivity of swim time given y practice yards (MP) is (Properly format your expression using the tools in the palette. Hover over tools to see keyboard shortcuts. E.g., a superscript can be created with the ^ MPy character.)Suppose a pizza parlor has the following production costs: $3.00 in labor per pizza, $4.00 in ingredients per pizza, $0.40 in electricity per pizza, $3,000 in restaurant rent per month, and $350 in insurance per month. Assume the pizza parlor produces 4,000 pizzas per month. What is the variable cost of production (per month)? The variable cost of production is $. (Enter your response as an integer.)A company produces commercials. A 2-minute commercial, for example, needs exactly 5 minutes of filming and 8 minutes of editing. Let x1 denote the minutes of filming and x2 denote the minutes of editing. a) Write down the production function and state whether it has increasing, constant, or decreasing returns to scale b) Suppose that filming costs $45 per minute and editing costs $10 per minute. To produce a 5-minute commercial, how many minutes of filming and how many minutes of editing is needed to minimize cost? c) Suppose that filming costs w1 per minute and editing costs w2 per minute. Let y denote the length (in minutes) of commericals produced. derive the conditional factor demand functions x1(w1,w2,y) and x2(w1,w2,y) and its cost function c(w1,w2,y)