AM Instrument Company manufactures miniature calculators, which it sells to a limited number of exclusive dealers.  AM’s normal production rate is 260 units per week at a total cost of $3,200.  At full capacity it can produce 340 units per week at a total cost of $3,800. What is the average cost per calculator under normal operating conditions? What is the average variable cost per calculator? What is the total fixed cost? What is the average fixed cost per calculator under normal operating conditions? A foreign distributor offers to buy 50 calculators per week from AM over a one month period, to be marketed under a different brand name.  The distributor offers a price of $10 per calculator.  Should AM accept the offer?  What is the least price AM should accept for this kind of arrangement?

Q: If the firm hires 5 employee, total fixed costs equals

A: Total fixed cost is the cost which is even exits when output is zero. So at zero output we have the…

Q: average total cost and what is the average variable cost I put what I thought the answers could be.

A:

Q: Use the following information to create a standard cost card for production of one photography drone…

A: Cost is the sum of the resources—including time, money, materials, and labor—used to create a good…

Q: Use your knowledge of cost functions to calculate the missed cost data in the accompanying table.…

A: Fixed cost does not depend on output produced. It remains fixed throughout the production. Total…

Q: The following cost data are for a firm in the short run: Output  Total Cost 0 $400 1 500 2 550 3 600…

A: Given,

Q: 0 Use your knowledge of cost functions to calculate the missed cost data in the accompanying table.…

A: The economic cost is different from the accounting cost. Economics cost involves implicit costs like…

Q: You have a price of $5 per unit. Your total variable costs are $1 per unit and your fixed costs are…

A: break-even is at TR=TC TR=P*Q P=5 and Q=? TR=5Q

Q: What is the price?  to make it breakeven

A: Average cost is total cost divided by total production while marginal cost is the change in total…

Q: Find total cost if fixed cost and variable cost are $300 and $100 respectively

A: The data presented in the question above is:- Fixed cost of firm = $300 Variable cost of firm = $100…

Q: Find the Average Fixed cost if the Total Fixed cost is 500 and the total number of unit made is 10?

A: Calculate the Average Fixed Cost (AFC) when the Total Fixed Cost (TFC) is $500 and the total number…

Q: If average fixed cost is $30  Calculate total fixed cost if output is 30 units

A: According to the above question, the values given are:- Average fixed cost = $30 Output = 30 units…

Q: Suppose that a company has determined that a 70% experience curve accurately describes the evolution…

A: Cost incurred to produce 1st unit = $200Experience Curve Percent = 70%Experience Curve suggests…

Q: Total cost is $320 and the fixed cost is $100 Calculate variable cost

A: The data presented in the question about is:- Total cost = $320  Fixed cost = $100 Variable cost is…

Q: A company's cost function is given as:  TC=25+30Q+0.2Q^2   What is the equation for the company's…

A: In the short run, a firm incurs two types of cost: fixed cost and variable cost. Fixed cost (FC):…

Q: A manufacturing company produces solar panels. The variable costs are $20 per unit and fixed costs a…

A: The revenue is defined as the total income a business receives from selling a good or service to its…

Q: ng started signment you will be working with models for price, revenue, cost and profit for a small…

A: A cost function is a formula that predicts the cost that will be incurred at a certain level of…

Q: Find the average fixed cost when the total fixed cost is 156 and the number of quantity is 12 units?

A:

Q: If fixed cost is half the value of variable cost and variable cost is $2200 Find total cost

A: The data presented in the question is as follows:- Variable cost = $2200 Fixed cost is half of…

Q: Laramie Company has a variable cost ratio of 0.30. The fixed cost is $176,400 and 21,000 units are…

A: The selling price per unit is the basis when computing the total sales revenue. This amount is…

Q: Calculate the total cost if average total cost is $35 and the unit of output is 22 units

A: The Given information is as follows:- Average total cost of the firm = $35 Units of output = 22…

Q: A manufacturing company is currently producing 1,000 units of a product at a total cost of $10,000.…

A: Economies of scale refer to the cost advantage that companies experience when they increase their…

Q: Find total cost given that:- Fixed cost = $90 Variable cost = $45

A: The data presented in the question above is:- Fixed cost = $90 Variable cost = $45   Total cost is…

Q: Find total cost if average cost is $31 and the output is 60 units

A: The data presented in the question above is:- Total cost is to be calculated using information given…

Q: Q.1) The Metal Works Inc. received an order for 500 metal gates. The fixed cost is assumed to be…

A: As per total revenue it is known to be as the value of the total receipts a seller in the market can…

Q: The marginal cost function for a company is given by C'(a) = q²-17q+70 dollars/unit, where q is the…

A: 1. Find the Total Cost Function:We are given the marginal cost function:C'(q) = q² - 17q + 70To find…

Q: Calculate Accounting profit if total revenue is $23,000 and explicit cost is $16,000

A: According to the above given question, the information given is:- Total revenue = $23,000 Explicit…

Q: TC = 144 + 27Q + 3Q2 What is the average fixed cost when 17 units are produced? Enter as a value.…

A:

Q: Find average cost if output produced is 24 units and the total cost is $8700

A: The data presented in the question above is:- Output produced by firm = 24 units  Total cost = $8700…

Q: If variable costs for a firm is $660, the average total cost is $8, and the firm sells 120 units,…

A: Variable cost as the name suggests changes with respect to the output produced. For example- the…