Question 15 From the Graph Provided Below: Non-Linear Break Even Chart 700000 600000 500000 300000 200000 100000 20 40 60 80 100 120 140 Production & Sales Quantity FC -vC TC Rev Which of the following options is correct? O I would expect to maximize profit if I produce and sell between 1 and 10 units. O I would expect to maximize profit if I produce and sell 104 units. O I would expect to maximize profit if I produce and sell between 70 and 80 units. O I would expect to maximize profit if I produce and sell between 30 and 40 units.

Question 15 From the Graph Provided Below: Non-Linear Break Even Chart 700000 600000 500000 300000 200000 100000 20 40 60 80 100 120 140 Production & Sales Quantity FC -vC TC Rev Which of the following options is correct? O I would expect to maximize profit if I produce and sell between 1 and 10 units. O I would expect to maximize profit if I produce and sell 104 units. O I would expect to maximize profit if I produce and sell between 70 and 80 units. O I would expect to maximize profit if I produce and sell between 30 and 40 units.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 8SQP

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A) ABC company produces 100 pendants per day. The total fixed cost for the plant is $500 and the total variables cost is $15000 per day. Calculate the average fixed cost, average variable cost, average total cost and total cost at the current output level. B) calculate economic profit and accounting profit from the figures given below for ABC company 1) total revenue $500,000 2) wages and salaries $40,0000 3) forgone salary $80,000 4) interest paid $10,000 5) forgone rent $ 10,000 6) raw materials. $ 50,000 7) other payments $20,000 8 forgone interest $ 7000
You're company manufactures on large scale unit and it has been shown that marginal or variable cost are given by this function (92-2x)sh where xis the number of units of output per annum the fixed costs are 800000 annually, it has also been shown that the marginal revenue which is the gradient ot the total revenue is given by (112-2x) ... required determine by integration the total cost, the total revenue , the break even point of your company and the number of units of output that would maximise total revenue
Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. COST PER BIKE (Dollars) 400 360 320 280 240 200 160 120 80 40 0 O 0 O 100 200 300 400 500 QUANTITY OF OUTPUT (Bikes) 600 More than 400 bikes per month Fewer than 300 bikes per month Between 300 and 400 bikes per month 700 SRATC₁ SRATC₂2 SRATC3 In the long run, over which range of output levels does Ike's Bikes experience constant returns to scale? LRAC (?
a. ABC Company produces 100 pendants per day. The total fixed cost for the plant is $5000 and the total variable cost is $15000 per day. Calculate the average fixed cost, average variable cost, average total cost and total cost at the current output level. b. Calculate Economic profit and Accounting profit from the figures given below for ABC Company. Total revenue $ 500,000 Wages and salaries $ 40,0000 Forgone salary $ 80,000 Interest paid $ 10,000 Forgone rent $ 10,000 Raw materials $ 50,000 Other payments $ 20,000 Forgone interest $7000
Question Two: The following data for a small farm operating in a perfectly competitive market are given in the table below. The price is $10 per yogurt. Q TC 100 10 200 20 280 30 330 40 360 50 380 60 390 70 425 80 500 90 610 100 750 Instructions: 1. What is the firm's decision at that price? (whether to produce or to shutdown), justify your answer. 2. Show the range of output at which the firm experience IMR and DMR. 3. Using excel, now suppose the price of strawberry yoghurt decreases to $5.5 per unit, what is the right decision firm should take, (produce or shutdown) justify your answer.
QUESTION 29 PRODUCT product X b) product Y product Z 153 1988 price: $2.00 2,000 O c) 1.2 O d) 150 O e) 200 quantity: price: $1.00 1,000 quantity: price: quantity: $5.00 1,000 1989 $4.00 2.500 $1.00 1,500 $4.00 1,000 YEAR 1990 $6.00 2.000 $1.00 2,500 29. Given the data in the above table, what is the price index for 1991, using 1988 as the base year and using the 1988 consumption pattern (market basket)? O a) 100 $2.00 1,000 1991 $8.00 1.500 $1.00 3,000 $3.00 1,000
Jerry Maguire is making two products Abra and Cadabra in its plant location in Smallville. The cost data for the products are listed below Selling Price Variable Cost O $128,000 O $230,000 O $142,500 Abra $60 $30 FIXED Cost / Quarter $30,000 The company made 4,500 units of Abra and 1,500 units of Cadabra respectively last quarter, what is the profit made? O $132,000 Cadabra $30 $25
Remaining Time: 01:34 23 Suppose a fiem's total variable costs are given by TVC(9) -3 g, and it has a fixed cost of 787 of which 507 is avonidatle, We want to find the firm's Bupply Lets finst find the minimum of the average variable and avoidable costa. This will allow us to find the price below which the firm wil not produce. Remember for decisionmaking only the avoidatble fixed cost matter. This occurs are The price at which the firm just breaks even is P= The firm's supply, then is q for PS 国助nd for P> Please give the supply in terms of upper case P and please use fractions.
Get your Guns Up Photo sells three basic types of cameras for travelers. Their fixed costs are $60,000 per month and the rest of the information is as follows: What is the Multiproduct Break Even Point and is this a profitable business? ANNUAL ITEM FORECAST VARIABLE COST PRICE SALES UNITS 200 $ 300 $ 250 $ Nikon 800 500 Canon 1,000 600 Sony 500 400 O $435,576 and YES! Bear our Banners will make money! O $117,073 and YES! Bear our Banners will make money! O $435,576 and NO! Bear our Banners will lose money! O $117,073 and NO! Bear our Banners will lose money! O $1,404,878 and NO! Bear our Banners will lose money! O $1,404,878 and YES! Bear our Banners will make money!
1. A small company manufactures a certain product. Variable costs are $20 per unit and fixed costs are $10,875. The price-demand relationship for this product is P= -0.25D + 250, where P is the unit sales price of the product and D is the annual demand. • Total cost = Fixed cost + Variable cost • Revenue = Demand * Price • Profit = Revenue – Total cost 1.1. Develop the equations for total cost and total revenue. 1.2. Find the breakeven quantity.
COST PER UNIT LRATC OTX Y Z OUTPUT According to the diagram above, output OY represents the firm's: Select one: O a. market potential O b. break-even point O c. minimum physical product O d. technical optimum plant size
In the attached table, from 200 to 300 units of output, the average cost of production is in the short run. Question 35 a rising b C d Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. falling constant Output 0 indeterminant 100 200 300 400 Total Cost $5,000 $5,700 $6,300 $7,100 $8,000 □ Variable Cost $0 $700 $1,300 $2,100 $3,000