5. The following information is for the furniture manufacturing company Shivank Inc.20182019$200,00030,000$220,00040,00045,0006,0003,000SalesLabour35,0005,0002,000Raw MaterialsEnergyСapitala) Calculate the partial productivity measures and total productivity for 2018 and 2019.20182019b) What do these measures tell you about the Shivank Inc?

a) This formula is comprised of the proportion of absolute yield to a piece of solitary…

Answered: 2018 2019 $200,000 30,000 35,000 5,000…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Bags/Participants Fixed Cost Variable Cost Total Cost 0 $1,700 $ - $1,700 100 $1,700 $500 $2,200 200 $1,700 $1,200 $2,900 300 $1,700 $2,700 $4,400 400 $1,700 $5,200 $6,900 500 $1,700 $9,000 $10,700 600 $1,700 $15,000 $16,700 700 $1,700 $23,800 $25,500 800 $1,700 $36,800 $38,500 900 $1,700 $55,800 $57,500 1,000 $1,700 $83,000 $84,700 Given the above information on cost, if you charge $15 per entry, what is the breakeven quantity of bags that you should order? At what quantity of bags will profits be maximized? A Use the profit maximizing rule, MR ≥ MC, buy 300 bags. B Use the profit maximizing rule, MR ≥ MC, buy 200 bags. C Use Qb = F/(MR-AVC) where Qb is the breakeven quantity to be determined, the optimal quantity of bags is 300. D Use Qb = F/(MR-AVC) where Qb is the breakeven quantity to be determined, the optimal quantity of bags is 200.
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2018 2019 $200,000 30,000 35,000 5,000 2,000 $220,000 40,000 45,000 6,000 3,000 Sales Labour Raw Materials Energy Capital partial productivity measures and total productivity for 20