005R7. An executive at a manufacturing plant that produces personal computers isattempting to decide whether or not to produce one or more of a certain type ofcomputer. Which of the following is the executive most likely to consider whenmaking this decision?a. The amount of rent that is paid for the manufacturing facilityb. The amount of outstanding debt used for capital improvements last yearC. The corporate tax rate in effect for the next fiscal year.d. The change in cost resulting from the production of one or more unit ofthis type of computerAssume that one laborer can produce 8 units of output, 2 laborers 19 units, three8.laborers 24 units, and four laborers 28 units. If the cost is $20 per unit of laborand total costs for producing 8 units are $360, what are total fixed costs?a. $20b. $160c. $340d. S45*Total fixed costs cannot be detemined from the information given.9. The demand curve for all firms is downward sloping.Trueb. False10. In which of the following market structures are firms interdependent?a. Perfect Competition,b. Monopolistic competitionOligopolyc.f12f5f7f8144%244.6.P.

Answer - "Thank you for submitting question But, we are authorized to solve one question at a time…

7. An executive at a manufacturing plant that produces personal computers is attempting to decide whether or not to produce one or more of a certain type of computer. Which of the following is the executive most likely to consider when making this decision? a. The amount of rent that is paid for the manufacturing facility b. The amount of outstanding debt used for capital improvements last year C. The corporate tax rate in effect for the next fiscal year. d. The change in cost resulting from the production of one or more unit of this type of computer 8. Assume that one laborer can produce 8 units of output, 2 laborers 19 units, three laborers 24 units, and four laborers 28 units. If the cost is $20 per unit of labor and total costs for producing 8 units are $360, what are total fixed costs? a. $20 b. $160 c. $340 d. $45* e. Total fixed costs cannot be detemined from the information given. 9. The demand curve for all firms is downward sloping. a. True b. False 10. In which of the following market structures are fims interdependent? Perfect Competition b. Monopolistic competition Oligopoly C.

7. An executive at a manufacturing plant that produces personal computers is attempting to decide whether or not to produce one or more of a certain type of computer. Which of the following is the executive most likely to consider when making this decision? a. The amount of rent that is paid for the manufacturing facility b. The amount of outstanding debt used for capital improvements last year C. The corporate tax rate in effect for the next fiscal year. d. The change in cost resulting from the production of one or more unit of this type of computer 8. Assume that one laborer can produce 8 units of output, 2 laborers 19 units, three laborers 24 units, and four laborers 28 units. If the cost is $20 per unit of labor and total costs for producing 8 units are $360, what are total fixed costs? a. $20 b. $160 c. $340 d. $45* e. Total fixed costs cannot be detemined from the information given. 9. The demand curve for all firms is downward sloping. a. True b. False 10. In which of the following market structures are fims interdependent? Perfect Competition b. Monopolistic competition Oligopoly C.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Microeconomics Jon quit his job as a manager at West End Savings bank where he earned $112,000 a year. He cashed in $214,000 in corporate bonds that earned 1.0% interest annually to set up a gym. Jon has decided to buy a store front and set up exercise classes. There are 1400 people who will pay $1200 a year for unlimited classes; $850 from each person goes for instructors, maintenance, equipment, insurance, depreciation etc. Write the answers to the following questions on the answer sheet. (You must show your work.) A.What are Jon’s total revenues? B. What are Jon’s explicit costs? In numbers C.What is his accounting profit? in numbers D. List 2 (in numbers) 2 implicit costs that Jon has not included. E. What is Jon’s pure economic profit (or loss) in numbers?
2. Exercise 8.2 Howard Bowen is a large-scale cotton farmer. The land and machinery he owns has a current market value of $12 million. Bowen owes his local bank $9 million. Last year Bowen sold $11 million worth of cotton. His variable operating costs were $9 million; accounting depreciation was $40,000, although the actual decline in value of Bowen's machinery was $60,000 last year. Bowen paid himself a salary of $50,000, which is not considered part of his variable operating costs. Interest on his bank loan was $400,000. If Bowen worked for another farmer or a local manufacturer, his annual income would be about $30,000. Bowen can invest any funds that would be derived if the farm were sold to earn 10% annually. (Ignore taxes.) What is Bowen's accounting profit? O $1,560,000 O $1,550,000 O $1,220,000.00 O $1,210,000.00 What is Bowen's economic profit? O $1,550,000 O $1,210,000.00 O $1,560,000 O $1,220,000.00
1. Use the following data to answer the questions below about actual food and beverages costs for the Marina Bay Grill for July: Ending Inventory (Food) $68,000 Ending Inventory (Beverage) $23,470 Food Purchases $350.000 Beverage Purchases $24,700 Beginning Inventory (Food) $72,000 Beginning Inventory (Beverage) $19,700 Transfers to Bar $3,870 Beverage Theft/Pilferage $510 Food Over-Portioning Expense $615 Transfers from Bar $4,100 Complementary Food $2,160 Complementary Beverages $890 Employee Meal Cost $11,225 Food Revenues $878,000 Beverage Revenues $116,500 What is the net cost of sales for food and beverage? Indicate dollar and percentage cost. Food: $354,000 Beverages: $20,930 $994,500 total food and beverage sales 878,000/994,500 x 100 = 88% = percentage of sales(food)
The yearly demand for a widget is 5000 units. The cost of ordering is $100 per order and the cost of holding is $4 per unit per year. The widget was ordered in batches of 1000 units and the firm changes the policy to order as per the economic order quantity. What is the saving in total inventory related costs because of the change in the ordering policy? (Inventory related costs include holding and ordering costs)
Break even point analysis 1. A manufacturing business that is involved in manufacturing and selling a single product. The annual fixed expenses to run the business are $15000 and variable expenses are $7.50 per unit. The sale price of your product is $15 per unit. A. Formulate the total revenue, total cost, and profit B. Find the break-even point quantity and revenue. C. Find the number of units to sell if the estimated profit is $50,000 D. Find the total profit if the total units sold is 5000 units. E. Find the units to sell to break-even the fixed expenses. 2. It costs a publishing company 50,000 dollars to make books. The 50,000 is a fixed cost or cost that cannot change. To help the publishing company sell the books, how many books should they sell to break even? 3. A manufacturing company supplies its products to construction job sites. The average monthly fixed cost pee site is $4,500, while each unit cost $35 to produce and selling price is $50 per unit.Determine the…
6. Zenande believes the production of a dress requires 10 labour hours and 5 machine hours to produce. If she decides to operate in the short run, she must spend R5000 to lease her business space. It has also been determined that a labour hour costs R500 and a machine hour costs R1000. Which of the following is Zenande's cost of production as a function of dresses produced? a) C(q) = 10000+ 5000q. C(q) = 5000+ 5000q. b) c) C(q) = 5000+ 10000q. C(q) = 5000+ 1500q. d)
6. Exercise 8.6 The Blair Company's three assembly plants are located in California, Georgia, and New Jersey. Previously, the company purchased a major subassembly, which becomes part of the final product, from an outside firm. Blair has decided to manufacture the subassemblies within the company and must now consider whether to rent one centrally located facility (e.g., in Missouri, where all the subassemblies would be manufactured) or to rent three separate facilities, each located near one of the assembly plants, where each facility would manufacture only the subassemblies needed for the nearby assembly plant. A single, centrally located facility, with a production capacity of 18,000 units per year, would have fixed costs of $900,000 per year and a variable cost of $250 per unit. Three separate decentralized facilities, with production capacities of 8,000, 6,000, and 4,000 units per year, would have fixed costs of $475,000, $425,000, and $400,000, respectively, and variable costs…
I asked this question it was not answered and I was charged please issue me a refund and answer this question. Dina is working for a consulting firm making $60,000 per year but considers starting her own consulting company. Dina has determined that to launch the business, she needs to invest $100,000 of her own funds. The annual cost of running the business will include $70,000 for the rent of the office space, $210,000 for employee wages, and $5,000 for materials and utilities. Dina plans to manage the business, which means that she will have to quit her current job. Suppose that the interest rate (or rate of return) on investments in the economy is 6%. Dina's total implicit cost per year is . Dina's total cost per year is .
Which of the following statements is (are) correct? (x) Ann decides to open her own business and earns $84,000 in accounting profit the first year. When deciding to open her own business, she turned down three separate job offers with annual salaries of $56,000, $60,000, and $62,000. Ann's economic profit from running her own business is more than $24,000. (y) Bernadette has decided to start her own recording studio. To purchase the necessary equipment, Bernadette withdrew $15,000 from her savings account, which was earning 3.0% interest, and borrowed an additional $25,000 from the bank at an interest rate of 7.5%. Bernadette's annual opportunity cost of the financial capital that has been invested in the business is more than $2,250. (z) Maureen decides to open her own business and earns $25,000 in economic profit the first year. If Maureen faces implicit costs then her accounting profit is necessarily larger than $25,000. (x), (y) and (z) (x) and (y), only (x) and…
Use the following for the next 2 questions: A company needs to build a warehouse for a new product line. The product is to be stored in cases that are 2 feet long x 2 feet wide x 3 feet high. The cases are stored on racks that are 5 cases high. Due to the configuration of the racks, only 60% of the space in the storage area is actually used for storage. The company wants to be able to expand the product line in the future so the storage area should be designed to be 70% utilized in the first year. 1. If annual demand is expected to be 50,000 cases in year 1 with an annual turnover of 4, how many square feet are needed to store this product? - 1,587 square feet - 121,593 square feet - 52,809 square feet - 4,762 square feet - 14,287 square feet - 71,429 square feet - 23,810 square feet 2. The product is expected to have seasonal demand with the peak month being 10,000 cases in October. If the annual turnover is 6, how many square feet are needed to store this…
Question 20 of 20 Reggie owns and operates a cheese shop in the village of Somerset. Although Reggie has a degree in mechanical engineering and could easily go to work for his brother's company earning $76000 a year, his true passion is for cheese. Consider the list of Reggie's revenue and expenses from last year. Please use the information provided to answer the questions. Revenue from 2010 $90000 Rent $18000 Equipment $6000 Supplies $3000 What is Reggie's accounting profit? What is Reggie's economic profit? -$13000 $63000 $3000 O -$13000 -$63000 $3000 $63000 -$63000
Padico , Inc., has struggled to meet projected revenues for each of the past ten quarters. The firm hired Mark Adams to design a control system and offer suggestions to improve the firm's performance. Which of the following is a key activity that the proposed control system should perform? a. performance measurement b. corporate governance c. organizational structuring d. organizational planning Clear my choice