1. How much is the waiting cost if there are four tellers in the system? a. $1,622.40 b. $1,248.00 c. $998.40 d. $624.00   2. How much is the waiting cost if there are two tellers in the system?   a. $1,622.40 b. $1,248.00 c. $998.40 d. $624.00   3. How many customers arrive at the system on average?   a. 6 customers b. 7 customers c. 8 customers d. Cannot be computed

Q: You have the following data for product X: sales revenue $14,000, allocated fixed costs $12,000,…

A: Profitability is a proportion of an association's benefit comparative with its costs. Associations…

Q: Calculate average revenue if output sold is 20 units and total revenue is $250

A: The information being given is:- Output sold = 20 units  Total revenue = $250  We have to calculate…

Q: (d) Define the cost function g(n) = cost of making n sandwiches. Assume the cost to make 800…

A: "Since you have posted multiple questions, I can only answer the first question, rest you need to…

Q: Scenario 1 Determine the production level that will maximize profits for the firm. Compute the…

A: Scenario 1) Q = 200 - 2P  2P = 200 - Q  P = 100 - 0.5Q  Total Revenue = P x Q  Total Revenue = (100…

Q: Montresor Fortunato's PED for amontillado (a pale dry sherry) is known to be 1.78 when price is…

A: PED, price elasticity  of demand is a measure that captures the  responsiveness of a goods quantity…

Q: The next series of questions uses the following table.  The table contains 5 columns: Quantity Q,…

A: Firm's seek to maximise profits over the short and long terms by utilising the most efficient…

Q: 09.

A: Given, time available per day = 500 minutes Daily demand = 157 parts per day Set up time = 6 minutes…

Q: On the following graph, use the green point (triangle symbol) to plot the weekly total revenue when…

A: The midpoint technique of price elasticity of demand considers average price and quantity while…

Q: Zevon's cafe has the following costs: $9,000 per month in rent, $4,000 per month in wages, $2,000…

A: Any business is run on the basis of costs and profits. In finance, the accounting profit is the key…

Q: If a business is experiencing increasing returns to scale (IRTS) then... Group of answer choices If…

A: Increasing returns to the scale means that as the firm increases its output capacity, the average…

Q: Bill runs a business that makes custom-printed towels. It will cost him $8 each to purchase and…

A:

Q: Asaad has a project to sell children's toys, and it achieved a total revenue for this month…

A: Given Total revenue in a month TR=580,000 Number of unit sold in a month =50 Average monthly cost…

Q: A woman complained to “Dear Abby” that a laundry charged $1.25 each to launder and press her…

A: Price discrimination refers to the situation where seller is selling the same product or services in…

Q: The same firm produces 500 lawnmowers per week. It hires 20 full-time workers (40 hours/week) at an…

A: Given that, Units produced = 500 Here , hiring workers and raw materials are variable cost . Raw…

Q: I want quickly

A: Economic profit=Revenue-(explicit+implicit cost) =1,35,000-(30,000+40,000+10,000+20,000)+(15,000)…

Q: Bill is a small farmer. You ask Bill how he decides whether to plant beans or corn. He claims the…

A: Production, in economics and business, alludes to the most common way of changing over inputs or…

Q: 1. Find the number of boxes produced each week 2. Find the number of boxes lost during the given…

A: Here total production of boxes is the sum of 2 things 1) Delivered Boxes 2) Lost Boxes

Q: The value of Total revenue is $400 and the average revenue is $40 Calculate the output

A: # if we are given the value of total revenue and average revenue then we can easily calculate the…

Q: A manager's operation currently has an average sale per guest of $9.00. For the upcoming accounting…

A: A revenue forecast is an knowledgeable prediction or estimation for the approaching yr approximately…

Q: Consider a small landscaping company run by Mr. Viemeister. He is considering increasing his firm's…

A: Marginal product of labor of the third unit would be the difference between the total product before…

Q: Gains from Trade - End of Chapter Problem Between 2016 and 2017, Nintendo produced 2.3 million NES…

A: A scalper is a person or organisation who buys products or tickets at full price with the intention…

Q: if the short run is six months, does it follow that the long run is longer than six months?

A: In economics, the fluctuation in market factors is defined differently in the short-run and…

Q: Carter wants to save up some money and decided to sell lemonade. He wants to figure out what's the…

A: A person start a business to earn profit. The main purpose of a firm is to maximize its profit. The…

Q: A manufacturer knows that:  His TR is given by Revenue = 23Q – Q2…

A: The point where the marginal revenue is equal to the marginal cost is the point of profit…

Q: Parkway Travel Tours is organizing a five-day trip from Toronto to Branson, Missouri, a family town…

A: A break-even chart is a graphical representation of the relationship between revenue, costs, and…

Q: .3 R and B Railroad decided to reduce their fares to see if it would help their business. They…

A: Given, Reduction in ticket price = 25% Increase in revenue = $325,000 per month to $332,000

Q: On the following graph, use the green point (triangle symbol) to plot the weekly total revenue when…

A: The total receips collected from the sale of goods at the market price is known as the total…

Q: Describe the various cost components that affect the retailgasoline price?

A: Gasoline is one of the many petroleum products which is made by refining crude oil. The price of…

Q: Use the table to find the required value:  Price $32 Quantity 400,000 Explicit Costs $3,500,000…

A: The economic cost is the sum of explicit cost and implicit cost.

Q: b. Calculate the profits (or losses) for this typical firm. per month c. At this market price, will…

A: Firm produces at the point where P=MC since, in perfect competition price is constant and equal to…

Q: The Orlando Magic is the National Basketball Association (NBA) professional basketball team that…

A: Total cost is the total cost incurred by a firm to produce a good or a service. Total cost includes…

Q: Your product's revenue per unit is $30, and product's cost per unit is $10. If the demand for next…

A: Given information: Per unit revenue (selling price): $30 Per unit cost (variable cost): $10 Demand…

Q: Describe the various cost components that affect the retailgasoline price?

A: The retail and the gasoline price level would depend on the supply side on the economy. The gasoline…

Q: Rob quit his $4,000/month coffee shop position and started an ice-cream business. Rob does not get…

A: It can be defined as a concept of economics that shows the cost of what an individual, organization,…

Q: You are a fleet manager for a transportation company and, as such, are interested in the changes in…

A: Demand:Demand is the desire of an individual ability and willingness to pay for a product. The…

Q: The demand for John Cena figures is P = 18 - Q. The figures will cost $4 to order. To stock Cena…

A: The price of an item is the amount of money required to purchase it. Price represents how much…

Q: Which of the following statements is true as a result of the per-burger tax? Check all that apply.…

A: The per-unit tax would result in the tax on each unit of output produced. As a result, the per unit…

Q: Which of the following best describes why the Hours of Service Regulations were put into place? O To…

A: The driver test is important to ensure the safety of peope with having the all relevant information.…

Q: Calculate the value of average revenue when total revenue is $400 and the no of units employed are…

A: Average Revenue is given as:- = Total revenue / No of units of employed

Q: If your total profit is 8000 dirhams and your total revenue is 10000 dirhams. How much is your total…

A: Marginal cost is the cost of production incurred for each additional output generated. It can be…

Q: The total amount spend on production of 500 machines are $100 billions. The selling price of machine…

A: The cost of producing 500 machine  = $100 The selling price of one machine = $25

Q: Katherine D’Ann is planning to finance her college education by selling programs at the football…

A: A breakeven point is utilized in multiple areas of business and finance. In implies the production…