All of the following are examples of noneconomic factors except:(a) Availability of resources(b) Goodwill(c) cost(d) Customer acceptance(e) None of the aboveaCd

Non-economic factors are events, situations, or influences that can affect the economy but are not…

Answered: All of the following are examples of…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Similar questions

tc(q)=4800+5q** find the ATC ATC=TC/q
An operation with a learning rate of 0.2 takes 5 hours for the first iteration. How long will it take to complete this task for the 2nd time?
An assembly line robot arm with a first cost of $75,000 in 2001 had a cost of $89,750 in 2017. If the equipment cost index for robots was 307 in 1995 and the robot cost increased exactly in proportion to the index, the value of the index in 2017 was closest to: (a) 367 (b) 395 (c) 437 (d) 4
A marginal cost fiction C'(q) is given in the figure below. If the fixed costs are $10,000, estimate: a) the total cost to produce 20 units (use left and right hand sums) b) the additional cost if the company increased production from 20 to 40 units
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.
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Classify the following costs into either being product cost or period cost:(a) Raw material costs(b) Income taxes paid(c) Interest expenses on borrowed funds(d) Wages incurred in producing products(e) Fire insurance premium paid on factory buildings(f) Electric bill for the warehouse operation(g) Salary paid for engineers(h) Material handling cost related to production(i) Salary paid for plant managerU) Leasing expense for forklift trucks in warehouse operation(k) Mortgage payments on factory buildings
The wages lost when you leave your job to attend school full-time is an example of a(n) Blank 1 cost. (Only one word required and correct spelling required also. Do not type in the word "cost")
Calculate a Goal Value Standard using the following information: A x B x (C x D) = Item Value A= 1- food cost % B= Number Sold C= Selling Price D= 1 – (food cost % + variable cost %) Food Cost % = 35%, Selling Price= $8.00, Number Sold= 125, Variable Cost %= 25%

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All of the following are examples of noneconomic factors except: (a) Availability of resources (b) Goodwill (c) cost (d) Customer acceptance (e) None of the above