Three types of appliances, A, B, and C, can be manufactured on one of two machines, 1 and 2. The variable costs (that is, per unit cost) of each appliance on each machine are A B C 1 $13 $8 $10 2 $11 $12 $7 There is an initial setup cost (fixed cost) to make each appliance on each machine. (Each fixed cost is incurred at most once, and it is incurred only if one or more of that appliance type is made on that machine): A B C 1 $52 $90 $60 2 $64 $60 $75 The time (in hours) required to make each appliance on each machine: ABC 1 0.4 1.1 0.9 2 0.5 1.2 1.3 We have to make 4 of appliance A, 9 of appliance B, and 5 of appliance C for a customer order. We can use Machine 1 for up to 10 hours and Machine 2 for up to 7 hours. Formulate an ILP problem that models this situation. Set it up in Excel and use solver to find the optimal solution. What is the minimum cost to make the necessary numbers of appliances?

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A cost function is given. C(q) = 3600 + 5q-0.02q² + 0.00039³ (a) Find the average cost and marginal cost functions. +5 -0.02q +0.0003q average cost 3600 9 marginal cost 5 -0.04q+0.0009q (b) Use graphs of the functions in part (a) to estimate the production level that minimizes the average cost. (Round your answer to the nearest integer.) 194 ✓ units (c) Use calculus to find the minimum average cost. (Round your answer to two decimal places.) $ 32.41 X (d) Find the minimum value of the marginal cost. (Round your answer to two decimal places.) $ 4.56

True/false  Variable cost changes or vary with the change in the level of output in a production process.

T/F  The fixed cost incur at even zero level of output.

Total cost = $4500 fixed costs = $2000 variable cost = ?

When the production volume (Q)is(100)units and the total costs (TC)is (1500) omani RIyals and fixed costs (900) Riyals then What is the average variable cost

If total cost is $320 and output is 4 units Calculate AC

Consider an airline’s decision about whether to cancel a particular flight that hasn’t sold out. The following table provides data on the total cost of operating a 100-seat plane for various numbers of passengers. Number of Passengers 0, 10, 20, 30, 40, 50, 60, 70, 80, 90, 100  Total Cost (Dollars per flight) 40,000, 60,000,65,000, 68,000,70,000, 71,000, 72,500, 73,500, 74,000, 74,300,74,500 Given the information presented in the previous table, the fixed cost to operate this flight is $ . At each ticket price, a different number of consumers will be willing to purchase tickets for this flight. Assume that the price of a flight is fixed for the duration of ticket sales. Use the previous table as well as the following demand schedule to complete the questions that follow. Price per ticket 1,000, 700, 400, 200 Quantity Demanded (Dollars per ticket) (Tickets per flight) 0, 30, 90, 100 Complete the following table by computing total revenue, total cost, variable cost, and profit for each…

The variable cost for the small business is shown below. What is the marginal cost and average cost at a volume of 14 units? Cost $8000 $6000 $4000 $2000 $200/unit Volume marginal cost: $200/unit, average cost: $476/unit O marginal cost: $200/unit, average cost: $300/unit O None of them marginal cost: $300/unit, average cost: $800/unit $300/unit 10 Total cost Variable cost Fixed cost 15