Ahmed's Pizza House sells extra-large deluxe pizzas at OMR 9.000 per pizza. The cost of ingredients to make extra-large deluxe pizza is OMR 2.000. Ahmed pays each of his employees OMR 60 per day. He also incurs a fixed cost of OMR 120 per day. Calculate Ahmed's total cost per day when he produces 50 extra-large deluxe pizzas using two Te TC 4O workers. TCz AFC+NC

Ahmed's Pizza House sells extra-large deluxe pizzas at OMR 9.000 per pizza. The cost of ingredients to make extra-large deluxe pizza is OMR 2.000. Ahmed pays each of his employees OMR 60 per day. He also incurs a fixed cost of OMR 120 per day. Calculate Ahmed's total cost per day when he produces 50 extra-large deluxe pizzas using two Te TC 4O workers. TCz AFC+NC

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

6 Ahmed's PIzza House sells extra-large deluxe pizzas at OMR 9.000 per pizza. The cost of ingredients to make extra-large deluxe pizza is OMR 2.000. Ahmed pays each of his employees OMR 60 per day. He also incurs a fixed cost of OMR 120 per day, Calculate Ahmed's average fixed cost per day when he produces 50 extra-large deluxe pizzas using two workers? a. OMR 2.000 6 OMR 2.400 OMR 4.400 d OMR 6.800 TrC : AFCXOutut TEC. pat 524 5. C.
Nina is a farmer that grows and sells tomatoes. Her total explicit and implicit costs are 950000 per year, and her explicit fixed cost are 340000 per year. Nina could otherwise earn 60000 in her next best alternative lone of business or employment. Each bushel of tomatoes sells for $40. This year, nina sold 25000 bushels of tomatoes. What are ninas average fixed costs, average variable costs, and average total costs of production? Interpret what each of these costs mean for nina. What is ninas economic profit? What is her accounting profit?
Given the cost information below, answer the following questions. Output Total Cost 0 $ 40.00 10 118.40 20 163.20 30 188.80 40 209.60 50 240.00 Instructions: Enter your answers rounded to two decimal places. a. When output is 10, total variable cost is $ . b. When output is 20, average fixed cost is $ . c. When output is 30, average variable cost is $ . d. When output is 40, average total cost is $ . e. When output is 50, marginal cost is $ .
Output TFC TVC TC MC АТС A 25 25 ---- -- ---- -- B 1 25 25 50 25 50 C 2 25 40 65 32.5 3 25 70 95 E 4 25 110 33.75 F 5 25 160 50 What is the total cost at point E? 135 125 185 Cannot be determined
write down 2 examples of implicit cost?
Calculate the value of total cost when average cost is $35 and the no of inputs employed is 5
10.Which of the following is an example of a fixed cost? A. cost of employees who work overtime B. cost of machinery C. cost of flour at a bakery D. cost of employees who work standard hours
Question 6 Not yet answered Marked out of 1 Remove flag Drawinue nare If the average fixed cost of seven tubs of ice cream is $50, the total cost of zero tubs is: O a. $350 Ob. $250 c. $500 Od. $200 Clear my choice Next page
Am I solving correctly? I don’t really remember how to derive the AC equation or graph these values that I have found.
QUESTION 6 At a total cost of $3,100, a company can produce 4 scooters. It has fixed costs of $1,000. If it produces 5 scooters, the costs of production total $3,800. Which of the following statements is true? O Variable costs of producing 4 scooters total $3096. O The average (or per unit) cost of producing 5 scooters is $800 per scooter The total cost curve for this firm is downward sloping Fixed costs will be higher when it produces 5 scooters The marginal cost of producing the fifth scooter is $700
The total cost of Mr plow a snow removal business is given in the table below
See the attached and help