Answered: When the TC = TR can you say that you…

Business

Economics

When the TC = TR can you say that you are breakeven or not? Why or why not? Explain.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: Given Monthly rent 25,000 Monthly Salary/employee 10,000 Market price of slippers 520 Total units…

A: Given, Monthly rent = 25,000Monthly Salary/employee = 10,000Market price of slippers = 520Total…

Q: Make a copy of your spreadsheet and double the fixed costs. How does this change your answer to…

A: The objective of the question is to understand the impact of doubling the fixed costs on various…

Q: Use the following table to ccalculate TFC - keep your calculation for follow up questions: Total…

A: Fixed cost is the cost that is not affected by the level of production of a firm; it is a cost that…

Q: Suppose you have a job in production management. A portion of your costs are as in the table below:…

A: Here we calculate the profit and conclude the decision is this production profitable or not , and…

Q: The table below shows average cost data for three different-sized plants-1, 2, and 3-which are the…

A: There is a table that shows average cost data for three different-sized plants 1, 2, and 3.

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: Indicate whether each of the following is anexplicit cost or an implicit cost.a. A manager’s…

A: Explicit Costs are costs that are directly incurred by the business. They can be seen in the…

Q: 1. Rhodies Road Bikes are at it again... This time they're building light weight alloy frames. The…

A: A cost is basically the worth of money that has been spent to create something or supply a service…

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: After one month of operation, UCC Cafe decided to shorten its business hours and close on weekends.…

A: When UCC cafe reduced business hours and weekends holiday. It considered variable cost.

Q: 1. ThedemandfunctionforagoodisgivenbytheequationP=a−bQwhilethetotal cost function is TC = dQ2 + eQ +…

A: The profit is maximized where the MR= MC.

Q: Use the following table to ccalculate TVC - keep your calculation for follow up questions: Total…

A: Total variable cost is the cost that changes will the level of production. It increases with…

Q: money-making financially successful * O slum Oinfrastructure profitable

A: money is a product acknowledged by broad assent as a mechanism of monetary trade. It is the medium…

Q: processes of te

A: Digital technologies are electronic systems, devices,tools and resources which tend to store,…

Q: Use the graph to determine the sales revenue and operating costs at various levels of production, as…

A: Here, TR shows the total Sales Revenue at different levels of units. Tc shows the Total Cost at all…

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: What is the difference between economic costs and accounting costs? Explain it in your own words and…

A: Meaning of Cost: The term cost refers to the situation under which a firm occurs various expenses…

Q: Fig 2.1 illustrates the law of diminishing returns in seeking the optimum system (or component)…

A: The Law of Diminishing returns refers to the marginal return states that adding an additional factor…

Q: How General Motors improve or operate their economies of scale?

A: This significant car maker has encountered interruptions to its tasks as interest in autos has…

Q: Graph the ATC and MC below and explain

A: The marginal cost (MC) represents the additional costs incurred in producing one extra unit of the…

Q: Choose a current news item about a company enduring a difficult situation such as layoffs,…

A: Two incredible powers are transforming the very nature of work: robotization and ever fiercer…

Q: Use the information in the graph to the right to find the values for the following at an output…

A: Average variable cost is the variable cost divided by the quantity.AVC is U shaped curve.Average…

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: 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: 1. The cost-revenue data for a manufacturing company Item Cost or Revenue Selling price $85/unit…

A: The average cost is the per-unit cost which is calculated by taking the ratio of the total cost to…

Q: How low must the fixed cost be to break even?

A: Break-Even Point (sales dollars) = Fixed Costs ÷ Contribution Margin Contribution Margin = Price of…

Q: True or False T 1.→Profit-can be calculated without including fixed costs. 2. All-costs can-be…

A: HI Student, Thanks for posting the question. As per the guideline, we are providing answer for first…

Q: A firm producing 1000 units at a total cost of $5000, if it were to increase production to 1001…

A: "Input refers to the raw materials, factors of production or resources used in the process of…

Q: Please see attached.

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…

Question

34. When the TC = TR can you say that you are breakeven or not? Why or why not? Explain.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

What are their implications for cost and return?
Use the accompanying graph to answer the following questions. Assume the company makes 30,000 parts per month of Product A and 17,500 parts per month of Product B. Click the icon to view the provided graph. (a) Which Product has the higher variable cost, and what is this value in units of dollars per part? has the higher variable cost. This value is $/part. (Type an integer or a decimal. Round your answer to two decimal places.) More Info Total Cost or Revenue [$] Milions $6- $5- $4- $3- FA $0- O. 0 10 - Product A Total Cost - Product B Total Cost Product A Revenue Product B Revenue G1 A 20 30 G T 40 Time (t) [months] Print 50 Done 60 N ... 70 80 Ⓡ o X
5. In an FEA simulation, you did a mesh independence study. The results were compared with an experimental test and errors were plotted in Figure 7. a) Is the mesh with 8000 elements fine enough, and why? b) Is there another error source in the simulation and what type of errors could it be? Page 3 of 6 ENGG20071 Industrial Design & Product Case Studies Errors 60% 50% 40% 30% 20% 10% 0% 500 1000 2000 4000 8000 Figure 7 Errors plot against number of elements
Output TFC TVC TC MC ATC A 25 25 В 1 25 25 50 25 50 C 2 25 40 65 32.5 3 25 70 95 E 25 110 33.75 F 5 25 160 50 What is the marginal cost of the 4th unit of output? 40 25 50 Cannot be determined.
Write a paragraph to explain to your CEO that based on using regression analysis, through using the solver tool of excel, recalculate the optimum units to produced this month is 800 pro 200 mini to have the maximize revenue of $174,400.00. Explain what/why would it be if you make any changes in the units to stay within the constraints that you have it would produce less money.
21234 10 11 FC VC 350 What is the MC of the 12th unit? a. 15 O b. 12 Ocll O d. 13 TC 525 MC 25 AFC AVC 33 ATC 50 42
1. Zagart's Zambonis manufactures Zambonis (ice rink machines). Its cost of quality data appears below. Total manufacturing cost this year was $4.6 million. Sthou Engineering tests at supplier's factory 18 Field testing new product 12 Inspection costs 42 Process re-engineering 50 Product redesign 42 Rework 45 Sales returns (at cost) 105 Scrap 22 Training employees on new system 6 Warranty repairs 60 Waste 14 Total 416
Calculate whole scenerio!!!!
Refer to the diagramhe ight. The vtal diterence beween curves Fand G measures OA fxed costs O B. marginal costs OC. average fred costs O D. sunk costs. Quantily of oulpul
A9 Economic of scale can serve as a barrier to entry that covers an existing firm from potential competitors in the medical care industry”. Argue the statement with appropriate graph”.
Output AFC AVC ATC MC 1 300 100 400 100 2 150 75 225 50 3 100 70 170 60 4 75 73 148 80 5 60 80 140 110 6 50 90 140 140 7 43 103 146 180 8 38 119 156 230 9 33 138 171 290 10 30 160 190 360 Refer to the chart above. The total fixed costs are what?
Most manufacturing companies divide manufacturing costs into which three broad categories?