Plz solve correctly Use the accompanying graph to answer the following questions. Assume the company makes 72,000 parts per month of Product A and 33,500 parts per month of Product B.Click the icon to view the provided graph.(a) Which Product has the higher variable cost, and what is this value in units of dollars per part?Product B has the higher variable cost. This value is $68)/part. (Type an integer or a decimal. Round your answer to two decimal places.)Enter your answer in the answer box and then click4 partsescremainingFIF280F3More InfoTotal Cost or Revenue [$] Millions$6$5$4$3$2$1$0DOD000F410Product A Total Cost-Product B Total Cost)Product A RevenueProduct 8 Revenue20FS3040Time (t) [months)F650446070➤11FB80O4FIQ

Total cost is the cost incurred in the production process.Total fixed cost is the cost of the…

Answered: Click the icon to view the provided…

Click the icon to view the provided graph. Which Product has the higher variable cost, and what is this value in units of dollars per part?

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter4: Extent (how Much) Decisions

Section: Chapter Questions

Problem 3MC

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Question

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Plz solve correctly

Use the accompanying graph to answer the following questions. Assume the company makes 72,000 parts per month of Product A and 33,500 parts per month of Product B.
Click the icon to view the provided graph.
(a) Which Product has the higher variable cost, and what is this value in units of dollars per part?
Product B has the higher variable cost. This value is $68)/part. (Type an integer or a decimal. Round your answer to two decimal places.)
Enter your answer in the answer box and then click
4 parts
esc
remaining
FI
F2
80
F3
More Info
Total Cost or Revenue [$] Millions
$6
$5
$4
$3
$2
$1
$0
DOD
000
F4
10
Product A Total Cost
-Product B Total Cost)
Product A Revenue
Product 8 Revenue
20
FS
30
40
Time (t) [months)
F6
50
44
60
70
➤11
FB
80
O
4
FIQ

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