E j Problem 11-4 (Algo)A new production technology for making vitamins is invented by a University professor who decides not to patent it. Thus, it isavailable for anybody to copy and put into use. The TC per bottle for production up to 100,000 bottles per day is given in the followingtable.Instructions: In part a, enter your responses in the gray-shaded cells and round your answers to 2 decimal places. In parts cand denter your answers as whole numbers.a. What is ATC for each level of output listed in the table?OutputTCATC25,000.00 $50,000.00 $75,000 00 $100,000.00 $60,000.0080,000.0085,000 0090,000.00Ab. Suppose that for each 25,000-bottle-per-day increase in production above 100,000 bottles per day. TC Increases by $5.000 (sothat, for instance, 125,000 bottles per day would generate total costs of $95.000 and 150,000 bottles per day would generate totalcosts of $100,000).Is this a decreasing-cost industry? (Click to select)mine is $1.53 and that at that price the total quantity demanded by consumers is 75.000.000b. Suppose that for each 25,000-bottle-per-day increase in production above 100,000 bottles per day. TC increases by $5,000 (sothat, for instance, 125,000 bottles per day would generate total costs of $95,000 and 150,000 bottles per day would generate totalcosts of $100,000).Is this a decreasing-cost industry? (Click to select)c. Suppose that the price of a bottle of vitamins is $1.53 and that at that price the total quantity demanded by consumers is 75,000,000bottles.How many firms will there be in this industry?firm(s).d. Suppose that, instead, the market quantity demanded atla price of $1.53 is only 75,000.How many firms do you expect there to be in this industry?firm(s).e. Review your answers to parts b, c, and d. Does the level of demand determine this industry's market structure? [(Click to select)

Economic costs involve not just the accounting costs but also the opportunity cost of making one…

A new production technology for making vitamins is invented by a University professor who decides not to patent it. Thus, it is available for anybody to copy and put into use. The TC per bottle for production up to 100,000 bottles per day is given in the following table. Instructions: In part a, enter your responses in the gray-shaded cells and round your answers to 2 decimal places. In parts c and d enter your answers as whole numbers. a. What is ATC for each level of output listed in the table? TC ATC Output 25,000.00 $ 50,000.00 $ 75,000 00 $ 100,000.00 $ 60,000.00 80,000.00 85,000 00 90,000.00 b. Suppose that for each 25,000-bottle-per-day increase in production above 100,000 bottles per day. TC increases by $5.000 (so that, for instance, 125,000 bottles per day would generate total costs of $95.000 and 150,000 bottles per day would generate total costs of $100,000). Is this a decreasing-cost industry? [(Click to select) that at that price the total quantity demanded by consumers is 75.000.000

A new production technology for making vitamins is invented by a University professor who decides not to patent it. Thus, it is available for anybody to copy and put into use. The TC per bottle for production up to 100,000 bottles per day is given in the following table. Instructions: In part a, enter your responses in the gray-shaded cells and round your answers to 2 decimal places. In parts c and d enter your answers as whole numbers. a. What is ATC for each level of output listed in the table? TC ATC Output 25,000.00 $ 50,000.00 $ 75,000 00 $ 100,000.00 $ 60,000.00 80,000.00 85,000 00 90,000.00 b. Suppose that for each 25,000-bottle-per-day increase in production above 100,000 bottles per day. TC increases by $5.000 (so that, for instance, 125,000 bottles per day would generate total costs of $95.000 and 150,000 bottles per day would generate total costs of $100,000). Is this a decreasing-cost industry? [(Click to select) that at that price the total quantity demanded by consumers is 75.000.000

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter8: Cost Analysis

Section: Chapter Questions

Problem 9E

See similar textbooks

Similar questions

You're company manufactures on large scale unit and it has been shown that marginal or variable cost are given by this function (92-2x)sh where xis the number of units of output per annum the fixed costs are 800000 annually, it has also been shown that the marginal revenue which is the gradient ot the total revenue is given by (112-2x) ... required determine by integration the total cost, the total revenue , the break even point of your company and the number of units of output that would maximise total revenue
Question Two: The following data for a small farm operating in a perfectly competitive market are given in the table below. The price is $10 per yogurt. Q TC 100 10 200 20 280 30 330 40 360 50 380 60 390 70 425 80 500 90 610 100 750 Instructions: 1. What is the firm's decision at that price? (whether to produce or to shutdown), justify your answer. 2. Show the range of output at which the firm experience IMR and DMR. 3. Using excel, now suppose the price of strawberry yoghurt decreases to $5.5 per unit, what is the right decision firm should take, (produce or shutdown) justify your answer.
Profit Analysis Unendo, is a large computer game manufacturer. CALL DUTY WWII They have estimated that the demand function for their game "Call of Duty: WWIII" is as follows ... p = 82 - 0.05q; where p is the price of a game and q is the number of game produced and sold per week. They estimate that their cost function in dollars is ... C(q) = 22g + 5000; where the fixed cost is $5000 and the marginal cost is $22 per game Unendo wishes to maximize the weekly profit of producing and selling the game. Find the price, p, per game that generates maximum profit. (Round vour answer to 2. decimal places if necessarv). 8.
E-commerce has had an explosive growth in the last year due to the pandemic. Many different retail companies with home delivery have had a significant increase in sales. Imagine such a company with home delivery by trucks. Each truck costs NOK 600 per hour including all costs. The average distance per trip is 40 KM and they deliver approximately 60 packages per trip. a. Calculate the cost per delivery. Make your own assumptions for the parameters that affect the time of the processes, like speed, loading time and unloading time. What would be their price per delivery, if they want a profit of 5%? b. Discuss the risk for the transport provider in your price calculation.
Kindly answer using your words/expertise, including graphs, i will complain if you have used chatgpt as most of the experts are doing.
Until recently, hamburgers at the city sports arena cost $2.50 each. The food concessionaire sold an average of 4,500 hamburgers on game night. WWhen the price was raised to $3.00, hamburger sales dropped off to an averag of 4,000 per night. The concessionaire's fixed costs were $7,405.30 per night and the variable cost was $0.54 per hamburger. Answer the following questions (A) through (F). (A) Assume that the relationship between price p and demand x is linear. Express p as a function of x and find the domain of this function. ..... (Simplify your answer.) The domain of p is (Type a compound inequality.) (B) Find the revenue function in terms of x and state its domain. R(x) = (Simplify your answer.) The domain of R(x) is (Type a compound inequality.) (C) Assume that the cost function is linear. Express the cost function in terms of x. C(x) = (Simplify your answer.) (D) Graph the cost function and the revenue function in the same coordinate system. Choose the correct graph below. O A.…
5. In an FEA simulation, you did a mesh independence study. The results were compared with an experimental test and errors were plotted in Figure 7. a) Is the mesh with 8000 elements fine enough, and why? b) Is there another error source in the simulation and what type of errors could it be? Page 3 of 6 ENGG20071 Industrial Design & Product Case Studies Errors 60% 50% 40% 30% 20% 10% 0% 500 1000 2000 4000 8000 Figure 7 Errors plot against number of elements
pls solve this ques within 10-15 minutes I'll definitely give you multiple upvotes.
show solution An oil refinery produces one base type of crude oil. The total cost is given by the equation Total Cost, TC = 50,000+20.2D +0.0001D2. The sales price in dollars per barrel is 35. At what level of production in barrels/week is cost/barrel minimum? What is the minimum cost per barrel? What is the maximum weekly profit that the company can make? At what level of production is the maximum weekly profit attainable? and Over what range of production is profit possible? Express answers in whole numbers and write the numerical values only.
A trailer manufactor has multiple products designed to be towed by a pickup (Ford F-150, Toyota Tacoma, etc). The production of one of their products - the XL7 5x10 trailer - referred to as XL7510 here, has a fixed 9 cost of $62,308 and a variable cost per unit of XL7510 equal to 202 + - dollars, where is the total 10 number of XL7510s produced. Suppose further that the selling price of this product is 1118 The x-values of the break-even points are The maximum revenue is Form the profit function: P(x) = = The maximum profit is The price that will maximize profit is 1 - dollars per unit of XL7510. 10 dollars (round to the nearest cent) dollars (round to the nearest cent)
H.W 7/ For the following data: Fixed cost = 100,000 ID Variable cost per unit = 300 ID Selling price per unit=500 ID n = 500 Calculate BEP by using chart method
ATC, AAC, AVC, MC (/uni 270.00 24000 21000 180.00 150.00 120.00 10:00 60.00 30.00 0:00 02 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 Units of Output (0) Unit Cost Curves Refer to the graph above. The curves are not labeled. To help get this question right, you must first label the curves. An output level of 18 is identified with the dark vertical line. The shaded rectangular area (height times width) is the O average sunk cost. O total sunk cost O total avoidable fed cost. O total avoidable cost. O None of the above