A project to be started at the end of 2010 will require the following materials. Their current unit prices are shown for end-of-year 2007. Their expected inflation rates per year are also shown. What is the estimated future cost of this project in actual dollars assuming unit prices at the end-of-year 2010? a. $30K b. $40K d. $60K e. $70K Prices at EOY 2007 $33 per cubic yard $7 per linear foot $15 per linear foot Material Concrete Wood Steel Amount Needed 1500 cubic yards 1000 linear feet 500 linear feet c. $50K Inflation Rates 3.3% per year 2.3% per year 1.8% per year

A project to be started at the end of 2010 will require the following materials. Their current unit prices are shown for end-of-year 2007. Their expected inflation rates per year are also shown. What is the estimated future cost of this project in actual dollars assuming unit prices at the end-of-year 2010? a. $30K b. $40K d. $60K e. $70K Prices at EOY 2007 $33 per cubic yard $7 per linear foot $15 per linear foot Material Concrete Wood Steel Amount Needed 1500 cubic yards 1000 linear feet 500 linear feet c. $50K Inflation Rates 3.3% per year 2.3% per year 1.8% per year

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

Calculate whole scenerio!!!!
Total Fixed Total Variable Labor Output (workers) (units per day) (dollars) Cost Cost (dollars) 20 20 20 20 20 20 25 50 75 100 125 2 19 13 4. 16 1S
Output (unit) Total cost (RM) Total fixed cost (RM) Total variable cost (RM) Average fixed cost (RM) Average variable cost (RM) Average total cost (RM) Marginal cost (RM) 0 600 600 - - - - - 10 1050 600 450 60 45 105 45 20 1450 600 850 30 42.5 72.5 40 30 1800 600 1200 20 40 60 35 40 2100 600 1500 15 37.5 52.5 30 50 2450 600 1850 12 37 49 350 60 2850 600 2250 10 37.5 47.5 40 70 3300 600 2700 8.57 38.57 47.14 45 80 3850 600 3250 7.5 40.625 48.125 55 90 4500 600 3900 6.67 43.34 50 65 100 5250 600 4650 6 46.5 52.5 75 Which time period is the firm operating? Why?
Average fixed cost is $22 and output is 12 units Calculate total fixed cost
Total cost and output are $3000 and 60 respectively Calculate average cost
Storage management over the cloud is known as: Infrastructure as a service Platform as a service Software as a service None of the answers
How do we calculate the total amount of pagecant costs, price profit, profit make up and selling costs
Bags/Participants Fixed Cost Variable Cost Total Cost 0 $1,700 $ - $1,700 100 $1,700 $500 $2,200 200 $1,700 $1,200 $2,900 300 $1,700 $2,700 $4,400 400 $1,700 $5,200 $6,900 500 $1,700 $9,000 $10,700 600 $1,700 $15,000 $16,700 700 $1,700 $23,800 $25,500 800 $1,700 $36,800 $38,500 900 $1,700 $55,800 $57,500 1,000 $1,700 $83,000 $84,700 Given the above information on cost, if you charge $15 per entry, what is the breakeven quantity of bags that you should order? At what quantity of bags will profits be maximized? A Use the profit maximizing rule, MR ≥ MC, buy 300 bags. B Use the profit maximizing rule, MR ≥ MC, buy 200 bags. C Use Qb = F/(MR-AVC) where Qb is the breakeven quantity to be determined, the optimal quantity of bags is 300. D Use Qb = F/(MR-AVC) where Qb is the breakeven quantity to be determined, the optimal quantity of bags is 200.
Solve this attachment.
Billco had a total cost of $10,000 when it sold 200 units. It had a total cost of $14,000 when it sold 250 units. What was Billco's average total cost when it sold 250 units?
Find average cost if Total cost is $1000 and the output is 60 units
Mircoeconomics production and cost concept: Several years ago, hurricane Gilbert destroyed thousands of acres of banana in Jamaica. Farmers whose crops were destroyed by the hurricane were much worse off, but farmers whose crops were not destroyed benefited from the hurricane. Why did this occur? What information would you need about the market for bananas in order to assess whether farmers as a group were hurt or helped by the floods?