Your boss is the director of reporting for the Athens County Construction  Agency (ACCA). It has been his job to track the cost of construction in Athens County. Twentyfive years ago, he created the ACCA Cost Index to track those costs. Costs during the first year of  the index were $14 per square foot of constructed space (the index value was set at 100 for that  first year). This year a survey of contractors revealed that costs were $70 per square foot.  (a) What index number will your boss publish in his report for this year?  (b) If the index value was 500 last year, what was the cost per square foot last year?

Big Boss Company produces 125 units of outputat a total cost of $2453. The marignal cost of the 126th unit is $154. What is the total cost of the 126 units?

Calculate average fixed cost if total fixed cost is $700 and output is 15 units

Melody Music Store has a total cost function of TC = 500 + 10Q + 5Q². (a) Find the firm's fixed costs (FC) and variable costs (VC). (b) Find the firm's average fixed cost (AFC), average variable cost (AVC), and average total cost (ATC).

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Consider the following total cost function: where represents output and are constants. What can we conclude?     (a) The firm experiences rising average fixed costs, but falling average variable costs. (b) The firm experiences falling average fixed costs, but rising average variable costs. (c) The firm experiences falling average fixed costs and falling average variable costs. (d) The firm experiences rising average fixed costs and rising average variable costs

Imagine a smartphone company has the following costs when they produce 200 phones: $50 in average fixed cost and $140 in average total cost. What would be the total variable cost for this company when they produce 200 phones? Type your numeric answer and submit

Tomas Ocampo has just been appointed chairperson of the Accountancy Department of ADEB College. In reviewing the department’s cost records, Tomas has found the following total cost associated with MAS Part 2 subject over the last several terms: Semester/Term Number of Subjects Offered Total Cost AY2004, First Semester 4 P10,000 AY2004, Second Semester 6 14,000 AY2004, Summer 2 7,000 AY2005, First Semester 5 13,000 AY2005, Second Semester 3 9,500 Tomas knows that there are some variable costs, such as amounts paid to student assistants, associated with the course. He would like to have variable and fixed cost components separated for planning purposes. Using the least-squares method, what is the variable cost per section of MAS?

An engineer who owns a construction company that specializes in large commercial projects noticed that material costs increased at a rate of 1% per month over the past 12 months. If a material cost index were created for that year with the value of the index set at 100 at the beginning of the year, what is the value of the index at the end of the year? Express your answer to two decimal places.

Calculate the average cost when the total cost for the production of 3 units is $75