$300-25020015010050-04. What is the Total Fixed Cost at Q = 10?#O (a) $90Q0 2 4 6 8 10 12 14 16 18 20O (b) $50O (c) $90(d) $140O(e) $160Type here to searchTCEtITVCTFC3025201510Click Save and Submit to save and submit. Click Save All Answers to save all answers.5SA0-0 2 4 6 8 10 12 14 16 182OSave All AnswersMCACAVCStAFCQ?Save and SubmitDEL

Total fixed cost defines the sum of expenses that remain constant regardless of the level of…

Answered: 300 $ 250 200 150 100 50- 0 0 2 4 6 8…

300 $ 250 200 150 100 50- 0 0 2 4 6 8 10 04. What is the Total Fixed Cost at Q = 10? (a) $9 TC TVC Î TFC Q 12 14 16 18 20 30 25 20 15 10 5 GA 0 0 2 4 6 8 10 12 14 16 18 20 MC AC AVC TH AFC Q

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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04. What is the Total Fixed Cost at Q = 10?
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O (a) $9
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O (b) $50
O (c) $90
(d) $140
O(e) $160
Type here to search
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TVC
TFC
30
25
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C or prouuctiol 13 INCIeaseu. 15. A certain firm has the capacity to produce 840,000 units of product per year. At present, it is operating at 60% of capacity. The firm's annual income is $504,000. Annual fixed costs are $212,000, and the variable costs are equal to $0.392 unit of product. What is the firm's annual profit or loss? Answer: $94,432 profit b. per а. At what volume of sales does the firm break even? What will be the profit or loss at 75%, 85%, and 90% of capacity on the basis of constant income per unit and constant variable cost per unit? bas c.
Q Total Cost ATC AFC MC 0 10 - - - 10 12 12/10=1.2 10/10=1 12-10/10-0=0.2 20 16 16/20=0.8 10/20=0.5 16-12/20-10=0.4 30 26 26/30=0.867 10/30=0.333 26-16/30-20=1 40 38 38/40=0.95 10/40=0.25 38-26/40-30=1.2 50 75 75/50=1.2 10/50=0.2 75-38/50-40=3.7 60 120 120/60=2 10/60=0.167 120-75/60-50=4.5 If the market price is $1.00 then what output or q (in the units of 10) is the most profitable production level?
1 17 2 345 5 6 Seed Average Price 3 Marketing Year Index $/short ton 4 127.7 192.4 7 8 B 9 10 11 12 13 14 15 16 17 18 1 2 3 4 5 6 7 8 9 10 11 C 12 13 14 15 Historical Price Data Oil D 242 242 274 242 290 347.2 436 422.8 466 582 508 428 434 Average Price Index $/short ton 317.8 465 662.2 668.2 791.3 732 951 1123 1297.3 1312 1416 1664 1317.4 1182.4 1334.4 E Mash Average Price Index $/short ton 63 87 105 111 124 108 134 153 193 187 193 247 242 197 210
Question 19 What is the marginal cost of the fourth unit? Q 1 FC VC 50 50 2 3 4 50 588 60 ○ 70 ○ 80 O O O TC MC AFC AVC ATC 60 120 60 500
If the firm chooses a single, profit maximizing price, how manyunits will it sell?
2. A local company assembling stereo cassettes produces 300 units per month at a cost of P 800 per unit. Each stereo radio cassette sells for P 1,200. If the firm makes a profit of 10% on its 1,000 shares with a par value of P 200 per share, and the fixed costs are P 20 million per month. (a) What is the break-even point? (b) How must is the loss or profit if only 100 units are produced in a given month? Answer: [(a) 50 units per month; (b) P 3,300 per month]