(1)Use the graph to answer the question that follows.  Based on the chart above, if the product sells at a price of $3 per unit, what is the marginal revenue product of the second unit of labor? A-$30.   B-$45.   C-$90.   D-$120.  E-Indeterminate   (2)The number of units of output that a machine will produce increases, ceteris paribus. How will this change in productivity affect demand for the machine? A-Demand for the machine will increase.   B-Demand for the machine will decrease. C-There will be no change in demand for the machine.   D-Demand will not change, but quantity demanded will decrease.    E-Demand will not change, but quantity demanded will increase.

Q: The Marginal Revenue function for a company's product is: MR = 240000 - 22x where x equals the…

A: Total revenue is the total amount of goods and services sold. It is calculated by multiplying the…

Q: On the CVP graph, the next unit sold will increase total cost by an amount equal to the Select one:…

A: CVP (Cost Volume Profit) graph shows the connection between the costs incurred in production and…

Q: a) Complete the following table: [Calculate Marginal Physical Product, Average Fixed Costs, Average…

A: A cost is an expense incurred in the production or sale of a product or the preparation of an asset…

Q: Fixed cost per unit ______ A

A: Under Marginal costing technique there are two types of costs . That is  a) Fixed costs Fixed cost…

Q: total revenue

A: Definition: Marginal Cost: It is a technique that solves the managerial problems and helps in…

Q: Which of the following statements is TRUE? O A. Variable costs per unit decrease as production…

A: Total Variable cost are the cost which changes with change in production volume . Fixed cost do not…

Q: On the CVP graph, the next unit sold will increase total cost by an amnount equal to the Select one:…

A: CVP analysis refers to the Cost Volume Profit Analysis. In the cost volume Profit analysis the main…

Q: Spencer Chemical Corporation produces an oil-based chemical product which it sells to paint…

A: Hi studentSince there are multiple questions, we will answer only first question.Variable costs are…

Q: e the company's overall profit if it sells exactly the break-even qua

A: Breakeven Point is a point at which the company makes no profit or loss. It is where the…

Q: iv) Why are two break-even points in the above diagram?

A: The vertical distance between TR and TC mea­sures the profit or loss associated with any specific…

Q: elect one: a. Average fixed costs per unit fall as the level of activity rises. b. Average fixed…

A: Ans. Average fixed cost is measured by dividing the total fixed cost by the units of output…

Q: Cost, revenue, and profit are in dollars and x is the number of units. If the total profit function…

A: Hello. Since your question has multiple parts, and the first part has incomplete information we will…

Q: 1. Fixed cost per unit     Remains constant     Increases when output increases     Decreases…

A: Cost: It refers to the aggregated amount that is spent on manufacturing a product.

Q: In Cost-Volume-Profit analysis, it is an important assumption that all units produced are sold; in…

A: Cost-Volume-Profit analysis is performed to analyze the behavior of costs and revenues and it shows…

Q: Customer life-cycle costs: Select one: a. Are the replacement costs of using a product or service.…

A: Cost Accounting system   A perpetual inventory accounting system, the cost accounting system is…

Q: Cost           Activity (units) 56                  4 62                  5 80                  7…

A: Introduction: - High-low method is one of the techniques that is used to separate fixed and…

Q: None

A: The marginal product (MP) is the additional output produced by one more unit of input. The formula…

Q: A company produces and sells a product. The company has found that the costto produce x units of the…

A: The objective of the question is to find the number of units the company should produce and sell to…

Q: Fill in the missing amounts in each of the eight case situations below. Each case is independent of…

A: The contribution margin is calculated as the difference between the sales and variable costs. The…

Q: ameter capturing technology

A: Given as, Y= z.f (K, N, L)

Q: Throughput margin is equal to revenues minus direct materials and direct labor of the cost of goods…

A: Throughput margin = sales revenue - material cost .

Q: The variable cost ratio is calculated as? .a the selling price per unit/the selling price per)…

A: Variable cost ratio = Variable cost per unit / Selling price per unit

Q: On a cost-volume-profit graph, when the Total Cost line is higher than the Total Revenue line, the…

A: Solution:- Cost-volume-profit graph is the graph which measures the loss, profit and break-even…

Q: profit graph which of the following is not true? A.Total revenue will always be $0 at zero sales…

A: Profit graph is a graph shows the profit and different level of sales in comparison to the cost…

Q: 2. Consider the production functions given below: a. Suppose that the production function faced by a…

A: The objective of the question is to analyze the production function of a bread producer, determine…

Q: A firm has a cost function C(x)=10x+107, where x represents the number of units produced. the firm's…

A: Variables in the question: Cost function: C(x)=10x+107Revenue function: R(x)=38x

Q: The price of a product is expressed as ?, PHP = 10 – 28? where ? is the demand. Which of the…

A: Solution:- Total revenue = Price of product x Total demand of the product

Q: Problem Three: ) Given the revenue function R(x) = x³+ 3x²+ x Find the average revenue of producing…

A: I) Average revenue is the price per unit sold Average revenue = Total revenue / No. of units…

Q: TEST II. Write FC if the following is a Fixed Cost or VC if it is Variable cost. 6. costs of goods…

A: Fixed cost is a constant cost whatever the quantity of goods or services produced. Variable cost are…

Q: What happens to average fixed cost as more products are made? a. Remains the same b. Increases c.…

A: Total fixed cost remains same at all level of output.

Q: Suppose the wage rate is $10 and the rental rate on capital is $20. Consider the total cost line…

A: Solution- Vertical axis intercept=Total CostCapital Price…

Q: 2) What is measured along the horizontal axis in a graph of the production possibility frontier?…

A: The Measured along the Horizontal Axis in a graph of the production possibility frontier is as…

Q: Cost A is a fixed cost, while B is a variable cost. During the current year, the volume of output…

A: There are two cost fixed cost and variable cost. Cost per unit depends on fixed and variable costs…

Q: Which of the following would lead to the breakeven point of a product shifting to the left on a…

A: Break-even analysis is done in order to find out at what point the total cost will be equal to the…

Q: Suppose that the cost of producing X units of a product in a manufacturing company is F + VX where F…

A: Under the high low method, it separates the fixed as well as variable costs which is given for the…

Q: Which one of the following is defined, at any given sales volume, as the ratio of the total…

A: Contribution margin is Sales less variable expenses at any given volume. Operating profit is…

Q: Whirly has the following information for 2015. They sell Flying Carpets. Sales Contribution Margin…

A: The break even sales are the sales where business earns no profit no loss during the period. The…

Q: Let P(x) be the annual profit for a certain product, where x is the amount of money spent on…

A: Solution- (A)  P(o) represents the amount of annual profit allocated when x=0 or when no money was…