-70. Compute for AP and MP

Q: What happens if the ATC is above the MR line? Draw what this would look like

A: Average Total Cost (ATC) refers to the average cost of producing each unit of output in the long…

Q: 100 90 80 ATC 70 50 30 AVC 20 MC 10 + 0 0 5 10 15 20 25 30 35 40 45 50 QUANTITY (Thousands of pans)…

A: In perfect competition we assume that the marginal cost curve is same as the supply curve. The below…

Q: 2-30 Bismarck Manufacturing intends to increase capac- ity through the addition of new equipment.…

A: The Break Even Point is the production level where total revenues equal total expenses. At that…

Q: What is Repo rate ? who set repo rate

A: The Repo rate is also known as the repurchase rate.

Q: Order cost $80.00/set/yea $200 a. What is the current total annual cost (TOR b. What is the economic…

A: Economic Order Quantity, also known as Economic Purchase Quantity, is the order quantity that…

Q: A soda bottling plant uses are capital (K), electricity (E) and raw materials (R) in production. Its…

A: We are going to solve for marginal rate of technical substitution to answer this question.

Q: The figure shows graphs of the total cost function and the total revenue function for a commodity.…

A: The primary goal of a firm in producing a product is to maximize revenues. Yet, the costs of…

Q: You work for a company that produces molds for concrete castings, and are approached by a local art…

A: The project will start to turn a profit at the break-even point. This indicates that the total…

Q: Download Q4 and generate a model of the annual maintenance expenses based on the age of the bug. If…

A: We can construct a regression model to analyze the relationship between the age of the bus and…

Q: 4. Using the least square method, what is the estimated variable cost per labor hour 5. If the…

A: Running regression in excel using the given data, we get the following summary output:

Q: a. What is the current total annual cost (TC))K b. What is the economic order quantity (EOQ)?4 c.…

A: Economic order quantity (EOQ) is a calculation companies perform that represents their ideal order…

Q: Can we outsource an IT Function? Give at least (3) risks or disadvantages of outsourcing the IT…

A: Outsourcing means a company is hiring regular service from external sources, mostly from other…

Q: Solve the following equation for R. %3D J

A: The equation is considered a process of equating one thing with another.

Q: Graphically Represent and analyze the interrelationship between the short run costs Units TFC TVC TC…

A:

Q: Assignment #1 A large wood products company is negotiating a contract to sell plywood overseas. The…

A: Firms will continue to increase their production until it reaches their optimum amount. The optimum…

Q: Firm Boperates in a perfectly competitive market. What is the profit maximizing price? O a) $11 O b)…

A: Firms in perfect competition are price takers meaning they accept the market price as given.

Q: Consider the quarterly demand levels for electricity (1000 megawatts) in Polokwane from 2015 to 201…

A: In insights, a moving average is a computation used to examine informative elements by making a…

Q: Use the values in the table below to answer the following questions. MC TC АТС 46.47 15.49 20.13 -(…

A: Average total cost is the ratio of total cost and quantity. ATC = TC/Q TC = ATC*Q

Q: Output Variable Total AVC AFC ATC MC (bоxes) Cost Cost $0 $10 1 $20 $15 3 $69 $3.33 $23 4 $2.50 $27…

A: According to the table given in the question, total cost at 0 units of output is $10 which means…

Q: A local nursery, Greens, uses 1,780 bags of plant food annually. Greens works 52 weeks per year. It…

A: Please find the answer below.   ECONOMIC ORDER QUANTITY (EOQ): Economic order quantity (EOQ) is the…

Q: The demand function for a manufacturer's product is D = 80 -3p , where D is the number of units and…

A: D=80-3p Inverse Demand: p=[(80-D)/3] Total Revenue=Price*Quantity TR=pD TR=[(80-D)/3]D TR=80D/3-D2/3…

Q: A new machine increases fixed cost and may or may not increase ATC as the…

A: The cost of production is the cost incurred in the process of production in the economy by a firm.…

Q: Joan Zorba orders calculators for her office supply stores. Each calculator cost $35, currently she…

A: Economic order quantity helps the firm in analyzing the quantity of order that it should place so…

Q: When output is expanded from 10 to 11 units, AVC will and ATC will O Insufficient information O…

A: If price is a smaller amount than average total cost but greater than average variable cost, a firm…

Q: Nuclear power Here are data on 32 light water nuclear power plants. The variables are: Cost: In…

A: The specific cost function that is used will depend on the specific production process and the…

Q: Convert 26.5 Ft to Inches.

A: In general, 1 foot = 12 inch

Q: Calculate the value of Total revenue when price is $33 and the quantity is 71 units

A: # The revenue generated by the firm by selling all the units of goods at respective prices is…

Q: ATC, AAC, AVC, MC ( 270.00 24000 210.00 180.00 150.00 120 00 90.00 6000 30:00 000 Unit Cost Curves…

A: Perfect competition is a theoretical market structure in which there are so many firms selling…

Q: . The Great Outdoors Tent can be purchased from a wholesaler for $58 less discounts of 30% and 7%.…

A: Price: It refers to the cost of goods and services. The less the price of the goods and services the…

Q: Mc Donald's sells 1500 burgers per year. The cost to place an order for raw materials is RO 40. The…

A: The economic order quantity is considered as the major analysis and tool for which the economy can…

Q: Use the values in the table below to answer the following questions. TC ATC MC 2 28.44 14.22 (A)-…

A: MC is the ratio of change in TC and change in Q TCn = TCn-1 + MCn TC at 41 units = 46750 + 3560=…

Q: Calculate the value of no of units sold when total revenue is 7400 and the price per unit is $25

A: The information given to us is:- Price per unit = $25 Total revenue of the firm = $7400 We have to…

Q: Diminishing Returns Jesaki Inc estimates that it will sell N(x) units of product after spending $x…

A: Diminishing returns, also known as the law of diminishing marginal returns, is an economic principle…

Q: Suprose a liim hus revenue R=15-. 5q² und (Ost C= 93-13.5e²+50+ 40. Make a sketch of average…

A: The cost which changes with the change in the volume of output is called total variable cost. These…

Q: Hplant produces 15000 gallons per particular chemical cost 2.5millions in n 1987. when the Cast…

A: Given: Old cost=2,500,000 New cost or cost now=5,000,000 Old capacity= 15,000 gallons New…

Q: Tha total revenue is $2400 and output is 80 units  Calculate price per unit

A: The information being given is:- Total revenue of firm = $2400  Output = 80 units  We have to…

Q: Define the term Routine Annual Maintenance Costs?

A: Routine maintenance applies to any maintenance activity undertaken on a scheduled and ongoing basis…

Q: 23 ABC Electronics is a company that sells smartphones. If the Montly demand for a partcular…

A: Introduction to Economic Order Quantity (EOQ):Inventory management is a critical aspect of supply…