1. A farmer estimates that if he harvests his soybean crop now, he will obtain 1,000 bushels, which he can sell at $3.00 per bushel. However, he estimates that this crop will increase by an additional 1,200 bushels of soybeans for each week he delays harvesting, but the price will drop at a rate of 50 cents per bushel per week; in addition, it is likely that he will experience spoilage of approximately 200 bushels per week for each week he delays harvesting. When should he harvest his crop to obtain the largest net cash return, and how much will be received for his crop at that time?

Q: Total fixed cost is $300 and total variable cost is $700 Calculate total cost

A: The given information is as follows:- Total fixed cost = $300 Total variable cost = $700 We have to…

Q: Calculate the value of total cost if average cost is $42 and total units is 5

A: In the above given question, we are given with the values of average cost and total units as:-…

Q: why is the fixed cost 10?

A: Fixed cost doesn't change with the change in the number of output.

Q: Calculate average cost when total cost is 300 and quantity is 15

A: # The average of the total cost which we spend on a single good is given by the average cost.…

Q: Question 10 One of the following is an Administrative cost Raw materials cos! Production Ine workers…

A: When product or some kind of service is manufactured, cost  is incurred and process of business…

Q: Calculate the value of average cost when the value of total cost is $100 and the no of units are 10

A: The average cost (AC) refers to the total cost per unit of output produced. The formula for AC is as…

Q: The average cost is $13 and the output produced is 10 units Calculate total cost

A: The average  cost is the cost per unit of output. Total  cost is the total expenditure that keeps on…

Q: Economic cost and accountant cost are not equal. Why aren’t they equal? Explain with example

A: Maintaining a business demands that you keep a heartbeat on the monetary components that influence…

Q: Find total cost if average cost is $11 and the output is 24 units

A: Average Cost (AC): - it is the average value of total cost incurred on a specific unite of output.…

Q: Calculate variable cost if total cost is $200 and the fixed cost is $130

A: The information being given is:- Total cost = $200  Fixed cost = $130  Variable cost = ?

Q: Calculate the value of total cost if fixed cost is $10 and variable cost is $22

A: The Given information is follows:- Fixed cost of firm = $10 Variable cost = $22 We have to find…

Q: Classify the Costs for Predicting Cost Behavior?

A: Every company incurred the costs to produce goods and services. For example labor cost, and…

Q: A cost function is given. C(q) = 3800 + 7q – 0.03q² + 0.0003q³ (a) Find the average cost and…

A: Disclaimer :- as you posted multipart questions we are supposed to solve only the first 3 questions…

Q: Find average cost if average variable cost is $23 and average fixed cost is $12

A: The cost of creating a firm's output is determined by the amount of labour and capital it employs.…

Q: If average fixed cost is $30  Calculate total fixed cost if output is 30 units

A: According to the above question, the values given are:- Average fixed cost = $30 Output = 30 units…

Q: If marginal cost exceeds average variable cost, average variable cost is decreasing average variable…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: If average cost is $30 and the output is 15 units. Calculate total cost

A: (Q)If the average cost is $30 and the output is 15 units. Calculate total cost

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: Calculate average cost when total cost is $100,000 and output is 74 units

A: We are given that:- Total cost incurred by the firm = $100,000  Total output = 74 units

Q: Find the average fixed cost when the total fixed cost is 156 and the number of quantity is 12 units?

A:

Q: If the average variable cost is $23 and the average fixed cost is $12, what is the average cost

A: The quantity of labor and capital a corporation uses to produce its output determines the cost of…

Q: Define Fixed Cost and provide an example.

A: A company's fixed expenses are critical. Profit forecasting and calculating the break-even point are…

Q: What will be the value of profit if total revenue is $980 and total cost is $461 ??

A: Profit is exactly known to be as the amount of the revenue which is left after all the costs which…

Q: Write a short note on Increasing economies of scale – meaning and effect on costs

A: The production function depicts the technical association between the quantities of output (Q) that…

Q: Identify a fixed cost

A: A fixed cost is referred to as the cost which would not change due to an increase or decrease in the…

Q: Calculate the total cost if average total cost is $35 and the unit of output is 22 units

A: The Given information is as follows:- Average total cost of the firm = $35 Units of output = 22…

Q: Total cost is 1200.output is 20.fixed cost is 1000.what is variable cost?

A: The concept of total cost is used in practically all business units. The main advantage of using the…

Q: On which factors does total cost for heating or air conditioning a building depends?

A: The sum of all the costs of producing a certain level of output incurred by a company is known as…

Q: The 55,000 profit seems to be inaccruate

A: Cost refers to the value of money that a firm had to spend to manufacture its products or services.…

Q: The total cost to produce hundred motors bikes is $1000. Calculate the average cost of producing the…

A: Given information: Total number of motorbikes = 100  Total cost of production = $1000