Question 3 and 4? The School must have at least 20 participants but no more than 50 participants to run the Academy.Proposed Program fee: $3,700/studentExpected expenses:6 Field trips transportations, $500/personRoom and Board, $200/personCatering & cooking demo, $400/personFaculty, student assistants, staff salary, $50,000Facility rental, $6,000Van rental for the Academy, $1,500Provide the detailed procedures in calculation.1. What would the revenue per student? $3,7002. What are the variable costs and fixed costs? Variable costs: Field Trip Transportation, Room andBoard, Catering and Cooking demo. Fixed cost: Facility Rental, Faculty, student assistants, staffsalary, van rental for the academy.3. How many participants should be recruited to have a break-event point? (hint: Revenue = Expenses) |4. If the School wants to have at least $55,000 for its profits, how many students should the Schoolrecruit?

3. How many participants are needed to break even?4. How many students does the school need to…

3. How many participants should be recruited to have a break-event point? (hint: Revenue Expenses) | 4. If the School wants to have at least $55,000 for its profits, how many students should the School recruit?

3. How many participants should be recruited to have a break-event point? (hint: Revenue Expenses) | 4. If the School wants to have at least $55,000 for its profits, how many students should the School recruit?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Marginal Physical Total Total Product of Variable Fixed Variable Input Fixed Variable Marginal Input Input Cost Cost Cost Output (units) (units) (units) (units) (dollars) (dollars) (dollars) 1 $500 $0 1 1 10 (A) $500 $200 (F. 2 1 25 (B) $500 $400 (G) 3 1 45 (C). $500 $600 (H). 4 1 60 (D) $500 $800 (1). 5 1 70 (E). $500 $1000 Refer to Exhibit 21-3. What is the average total cost of producing 45 units of output? a. $24.44 b. $21.11 c. $21.33 d. $25.11
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Process A has fixed costs of $10,000 and unit costs of $4.50 each, and Process B has fixed costs of $25,000 and unit costs of $1.50 each. At what level of annual production would the two processes have the same cost? (a) 50 units (b) 500 units (c) 5000 units (d) 50,000 units?
Task Description Precedence Time (days) cost($) crash time (days) Per day revised cost Preparation of drawings and permits - 14 72,500 10 10,000 Calling and letting of tenders - 68 166,750 66 23,000 Site preparation and excavation A 6 116,000 4 16000 Pouring the foundation A 24 250,000 24 - Framing C,D 40 145,000 30 20000 Plumbing and electrical work D 18 159,500 12 22000 Interior finished F 16 108,750 12 15000 Exterior finishes E,G 22 175,000 22 - Installing and commissioning new machines B,E 34 101,500 30 14000 Finishing touches and final work through H,I 32 64,000 32 - Calculate the minimum time and associate cost in which the project could be completed
Reven costs Co Fevenue 100 300 400 Figure 2 14) Based on the information in Figure 2, the total fixed costs are equal to: (a) £100level of output. (b) £2. (c) £100 * level of output. (d) £100. (e) £500.
PROBLEM You own a firm that offers organlc coconut oil. Your objective is to determine the number of coconut oil to be produced each month in order to maximize revenues. The table below shows the total benefits (revenues) and costs of producing various volumes of coconut oll (. Control Variable (in 500 ml bottle) Total Benefits Total Costs (B) (C) 100 200 300 400 2000 3800 5400 6800 100 300 600 1000 500 600 700 800 900 1,000 8000 9000 9800 10400 10800 11000 1500 2100 2800 3600 4500 5500 1. Use the marginal analysis technique to determine the quantity of organic coconut oil that will maximize net benefils. Present results in lable form and highlight the maximizing level. (. 2. Graphically illustrate letter B. Separate the graphs for TB – TC approach, MB = MC rule, and net benefit (maximum). The sequence of the graph: (1) TB - TC approach (topmost graph); (2) net benefit (middle graph); and (3) MB, MC, & MNB (last, 3rd graph). But be sure that the graphs are parallel in X-axis so as to…
Engineering Economic po Yung subject hehe. Pa answer po thanks.
An assembly line can produce 60 units per hour. The line’s hourly cost is $3600 on straight time (the first 8 hours). Workers are guaranteed a minimum of 6 hours. There is a 50% premium for overtime, and productivity for overtime drops by 5%. What are the average and marginal costs per unit for the following daily quantities? (a) 300. (b) 400. (c) 500. (d) 600.
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Price/cost MC $52 АТС $40 $30 $28 $20 D $14 MR 100 130 140 160 Its total revenue will be $ Its total cost will be $ It will make a profit/loss/break even (circle one) of $
Cost/Unit $30 $23 $20 $18 $10 25 ATC₁ 30 ATC₂ 40 ATC₂ 45 ATC4 Output