(a) What do you mean by inventory carrying cost and ordering cost?

Q: Cost (in dollars) 12 Plant 1 Plant 2 Plant 3 SRATC Refer to Figure 7-5. Which plant size is optimal…

A: LRAC stands for Long-Run Average Cost. It refers to the average cost per unit of output when all…

Q: 2. A pizza shop has fixed cost of $5000 per week. A pizza costs $10 to produce. (a) Write down the…

A: Given: Fixed cost = $5,000Variable cost per unit = $10  Required A Total cost = Fixed cost +…

Q: Question 3 A Toyota Camry costs $19,600 and has an average gas mileage of 30 mpg while Prius costs…

A: Given; Toyota Camry costs= $19600Mileage= 30mpgPrius Costs=$23000Mileage= 50mpgCost of 1 gallon gas=…

Q: Assume the cost of making 30 belts $800 the cost of makin 35 belts $900 and the cost equation is…

A: Marginal cost measures the change in total cost due to a change in quantity produced. Marginal cost…

Q: If you were a taxi driver, the daily revenue and cost are as the following: Revenue: $250 Variable…

A: For the profit maximization process, so as to operate the business today, variable cost has to be…

Q: Suppose you have a job in production management. A portion of your costs are as in the table below:…

A: Here we calculate the profit and conclude the decision is this production profitable or not  , and…

Q: A cell phone plan has a basic charge of $35 a month. The plan includes 400 free minutes and charges…

A: Given: The charge of a cell phone is = $35 a month Plan includes = 400 free minutes Charges for each…

Q: The average cost is $13 and the output produced is 10 units Calculate total cost

A: The average  cost is the cost per unit of output. Total  cost is the total expenditure that keeps on…

Q: If the ATC of 20th unit is $35, then ____. a) the AVC is rising between the 20th and 30th units b)…

A: If the ATC of 20th unit is $35, then

Q: rkers) Output TFC ($) TVC ($) Total Cost ($) 0 0 50 0   1 8 50 40 90 2 20 50 80   3 28 50 120 170 4…

A: Given TFC = 50 TVC at 20 units = 80 TC = TFC + TVC  = 130

Q: If total cost is $100 and output is 13 units  Calculate the value of average cost

A: The given information is as follows:- Total cost of the firm = $100 Output = 13 units  We need to…

Q: Match each of the following graphs to the correct cost behavior. 6 Total Cost ($) Total Cost ($)…

A: Cost behavior can be of three main types depending on their tendencies to increase, decrease or…

Q: 2. What is the relationship between the total cost curve, and the average cost per unit? Explain…

A: The graphical depiction of the relationship between the cost of production and the quantity of…

Q: Use the following table to ccalculate  TVC - keep your calculation for follow up questions: Total…

A: Total variable cost is the cost that changes will the level of production. It increases with…

Q: A cost function is given. C(q) = 3800 + 7q – 0.03q² + 0.0003q³ (a) Find the average cost and…

A: Disclaimer :- as you posted multipart questions we are supposed to solve only the first 3 questions…

Q: A factory makes bicycle tires. The cost, C, in dollars and revenuue in dollars, R, are both…

A: Costs are the expenses that a firm incurs in the form of purchase of inputs to produce goods and…

Q: for these two graphs answer the following question what is the fixed cost?

A: Cost refers to the expenditure incurred by the producer for producing a given level of output. There…

Q: The diagram above represents the total production cost of a car manufacturer. Which of the following…

A: The diagram above represents the total production cost of a car manufacturer. Which of the following…

Q: What is the wholesale cost of an item, if the retail cost is $62 and the amount of markup is $17?…

A: The wholesale cost of an item can be defined as the cost that is charged to those to whom the goods…

Q: How to do a cost estimation with analysis paragraphs

A: Cost: It refers to the price that has been paid by the consumers for the goods and services. The…

Q: If total cost is $600 and output is 10 units Calculate average cost

A: According to the above mentioned question, we have:- Total cost= $600 Output = 10 units  Average…

Q: The total cost (in dollars) of producing x food processors is C(x) = 1600 + 40x-0.1x². (A) Find the…

A: Business economics entails making judgments and allocating resources in complex market situations.…

Q: A microbrewery was built in 2014 at a total cost of $650,000. Additionalinformation is given in the…

A: Weighted index for 2020 (in terms of 2000 indices) can be calculated as follows.

Q: Scenario: Assume that there are five apartments located at different distances from an individual's…

A: There are 5 apartments to choose from .Based on their location they are as follows-1 ) Very Close…

Q: As total output increases average fixed cost v (Click for List) constant at a maximum falling rising…

A: Variable costs refers to those costs which depends upon the level of output. These costs increases…