Company Z has $ 564809 in annual fixed costs. The primary product generates $ 95.13 in revenue per unit and has variable costs of $40.75. The annual profit assuming 134212 units are sold is $ ____
Q: For each of the events describe below, you are required to explain: 1. The market you are evaluating…
A: The volume of total production alludes to the output fabricated by the enterprise or its foundation…
Q: Assume that there is a perfectly competitive industry with a market demand curve given by: " P =…
A: In the long run, perfect competitive firms earn only Normal profit because of the main…
Q: Assume a Hawk -Dove game with the following payoff matrix, where the first entry is nimal A's payoff…
A: Nash equilibrium is the game equilibrium from where no player wishes to deviate as there is no…
Q: If P20,000 is borrowed for 200 days at 12% per annum simple interest. How much will be due at the…
A: Given that, P = 20,000 Rate = r = 12% Time = 200 days Consider 360 days in a year
Q: A public good Multiple Choice O O O generally results in substantial negative externalities. can…
A: Non rivalrous is a quality of the good which is that the quantity of good does not get reduced for…
Q: 5 In a discussion with your friend, LeeAnna, you mentioned you have studied Price Elasticity of…
A: Price elasticity of demand (PED) is the number that describes how changes in prices of a certain…
Q: Holding other things constant, the supply/demand equilibrium model suggests that decreases in supply…
A: In economics, the concept of supply is used to determine the quantity of a commodity or service…
Q: A company produces and sells a consumer product and thus far has been able to control the volume of…
A: The break point is the point at which the organization's revenue equivalent to its expense caused on…
Q: QUESTION 7 In the first chapter of The Wealth of Nations, Smith introduces the idea of the which…
A: Adam Smith is one of the principal defenders of Modern financial matters who is otherwise called the…
Q: A competitive firm participates in a market where market demand & supply are given by…
A: Market demand equation: QD=85,000-5000P .... (1) Market supply equation: Qs=40,000+2500P…
Q: a. State and explain the First Theorem of Welfare Economics and discuss its economic implications…
A: Production possibility shows how much economy can produce if it operates at full capacity.
Q: Give any Philippine Businesses/Companies that engages Internationally. Write at least a 2 paragraph…
A: One example of a Philippine business that engages in international business is Jollibee, a fast food…
Q: 8. Choose the right answer and explain. The government proposed a legal maximum price per kilogram…
A: Price ceiling can be defined as the maximum amount that the seller is allowed to charge for a good…
Q: Consider a Keynesian IS-LM model for national income: Y = C(Y−T) + I (r) + G L(r,Y)= M³ IS: LM:…
A: IS relation depicts the locus of of points at which goods market is in equilibrium . LM relation…
Q: what is Operational definition Repeat Purchase for food customer?
A: A food customer is someone who buys food from a grocery store or other food provider on a regular…
Q: What showed Americans that they were dependent on the global price of oil
A: The cost price of oil, or the oil cost, by and large, alludes to the spot cost of a barrel of…
Q: Explain the circular flow between the household sector, firms sector, financial market, government…
A: The five primary economic sectors are represented by the circular flow of income. Money moves…
Q: Question 1 The Consumer Price Index (CPI) is designed to reflect Oonly prices faced by consumers in…
A: Hi! Thank you for the question. As per the honor code, We’ll answer the first question since the…
Q: Consider the table below. Assuming the law of demand holds, the cell labeled "?" could be which of…
A: According to the law of demand, price and quantity demand of any good or service are inversely…
Q: Discussion Question The following quote appears in An Inquiry into the Nature and Causes of the…
A: An inquiry into the nature and clauses of the wealth of nations. Adam Smith's masterwork, first…
Q: urgently need Extract: Rising Global Food Prices In 2009, the World Bank reported that global food…
A: Supply: Supply is a fundamental economic concept that helps in describing the total amount of a…
Q: Assume that: Profit = (margin)* Demand What is the % change is profit for a sales promotion that…
A: Given information: Sales promotion decreases margin by 10% and increases the demand by 10% => %…
Q: What would happen if suddenly banks stop lending (this has happened in the past)? Can it grow?
A: A commercial bank is a type of financial organisation that takes deposits from the general public…
Q: Which of the following is unlikely to affect the rate of economic growth? O the quality of available…
A: The rate of economy growth will get affected when the next period's rate of economic growth is…
Q: Explain how the pandemic impacts on GDP, trade, income, unemployment rate, and welfare of a country…
A: The final products and services generated in an economy over a specific time period are referred to…
Q: A BANK CHARGES 15% SIMPLE INTEREST ON A P500.00 LOAN. HOW MUCH WILL BE REPAID IF THE LOAN IS PAID…
A: Simple interest is determined by multiplying the everyday interest rate by the principal, by the…
Q: 1. The optimum price for a product in a specific market occurs when a. Supply exceeds demand b.…
A: Since you have posted multiple questions, we will answer the first question for you. If you want any…
Q: Turn this assignment in on Blackboard by January 3, 1 PM China time. There are 13 questions.< 1.…
A:
Q: 2. If the price/demand function is p-50-1.25x and the total cost function is 160+10x, where x is the…
A: We are given the cost and the demand functions as: Cost function: C(x) = 160 + 10xDemand function: P…
Q: An increase of $250 million investment in an economy resulted in total increase in income of $1000…
A: The value of MPC can be calculated by using the below formula: K = 11 - MPCHere, K is the…
Q: Discuss THREE disadvantages that Brazil could experience as a result of being
A: Closed economy refers to the economy Which does not economic relationships with rest of world.…
Q: 6. Explain the following quotations; 1. " Greater production is not tantamount to greater profit"…
A: In the field of economics, it is assumed that firms work towards maximizing profits. The profits of…
Q: uppose we know that p=1,056- D/5, where p = price in dollars and D = annual demand. The total cost…
A: Given information: p = 1056 - (D/5) --------> Demand function TC = 1000 + 2D2 ----------> Cost…
Q: A. Write short notes on the following i. Give an overview definition of mathematical economics. ii.…
A: Economics is a social science that studies how goods and services are produced, distributed, and…
Q: A manufacturer of electronic devices invests $650,000 in equipment for making compact piezoelectric…
A: Given Information: Cost of Equipment = $650,000 Revenue per year = $225,000 Time Period = 10 years…
Q: A local defense contractor is considering the production of fireworks as a way to reduce dependence…
A: Please find the answer below. PROFIT: Profit describes the financial benefit realized when the…
Q: Smartphones and Apps can be considered Therefore, as the prices the demand for of Apps smartphones O…
A: The demand curve shows the association between the amounts of commodity demanded by the consumer at…
Q: TB(Q) = 100 + 36Q – 4Q2 and TC(Q) = 80 + 12Q + 1.2Q2.
A: The firm's prime objective is to maximize the profit. The profit is maximized where the Marginal…
Q: Which of the following represents an action by the central bank designed to decrease the money…
A: In an economy, central bank can influence the money supply using different Monetary policies.
Q: Annie buys a television set from a merchant who ask P1250 at the end of 60 days. Annie wishes to pay…
A: Given information: At the end of 60 days, Annie buys a TV from a merchant who asks for 1250. Annie…
Q: Table 3-9 Summary of the Gains from Trade Without Trade Production and Consumption With Trade…
A: When the country only consumes what it produces, it is known as the close economy. When the country…
Q: Individual firms have some degree of influence on the wage they pay either through collusion or…
A: Wages paid to labor employed depends majorly on the marginal output of the resource employed but…
Q: The substitution effect. Multiple Choice is generally so weak that its effect cannot be predicted.…
A: The price effect includes income effect and substitution effect. It is the summation of two effects…
Q: A public good Multiple Choice о generally results in substantial negative externalities. can never…
A: Public good in economics is a good or service that is made available to all people in a society.…
Q: 2.The marginal revenue of a firm is given by the following equation: MR(Q) = 22 +21Q + 16Q2 Where, Q…
A:
Q: What is the average fixed cost and average variable cost if nine instructional modules are produced?…
A: Cost is the total amount spent or the total expenditure which is incurred while producing a product…
Q: Round off your final answer to whole #. A company produces and sells a consumer product and is able…
A: Given that, Demand is; P = 47 + 2700/D - 5000/D2 and fixed cost is $1000 and variable cost is $39
Q: 6 Price (dollars) CU D 400 600 Quantity 800 1,000 Exhibit 4-2 represents the orange juice market.…
A: Ans. The price ceiling is the maximum legal price that is set by the government below the…
Q: 4. Explain each key ingredients. (iii) The demander should have the purchasing power to buy that…
A: (iii)Demand is the number of consumers who are able and willing to purchase goods at a range of…
Q: You work for the Brad's Nailer Company which manufactures three types of nailers: a pneumatic model,…
A: Linear programming is a mathematical technique that is also used in operations management…
Step by step
Solved in 2 steps
- accounting profit by Weplit costs wn $160,000 and implick costs are $72,000, economic profit isA factory with capacity of 700,000 units per year operates at 62% capacity. The annual income is $430,000.00. Annual fixed costs are $190,000.00 and the variable costs are $0.348 per unit. a) What is the current loss or profit? b) What is the breakeven point?.The figure below shows graphs of the fixed cost function, total cost function and the total revenue function for a certain commodity. 20 8000 7000 6000 5000 4000 Dollars ($) 3000 2000 1000 -10 -1000+ 10 20 30 40 Units (a) What is the break-even point? (x,y) e.g. (295,7650) (b) What are the fixed costs? $ TR Percent of capacity= 50 60 TC If the selling price per unit is $50, and the variable cost per unit is $40: FC 70 80 90 100 enter the answer in the form (c) If the maximum production capacity of the commodity is 110, express the break-even units as a percent of capacity? % (round to two decimal places if necessary)
- The graph shown below is that of Do Drop In, a shop in the dry-cleaning industry. Cost and revenues (in dollars) 20 18 16 14 12 10 60 MR 120 180 240 MC D Quantity per period AC 300 360 420You own an apartment complex with 85 bedroom units. Each unit rents for $1250/mo. Annual costs to operate the complex is $1M. If the vacancy rate is 5%, what profit do you earn per year?Cebu Tire and Rubber Company has a capacity to produce 650,000 tires of variable sizes per year. At present, it is operating at 62% capacity. The firm’s annual income is P 416,000. Annual fixed costs are P 192,000 and the variable costs are equal to P 0.356 per unit of product. (a) What is the firm annual profit or loss? (b) At what volume of sales does the firm break-even?
- The diagram illustrates isoprofit curves and the marginal cost curve of MQ2020, a luxury car manufactured by MQ Motors. Which statement incorrectly describes the diagram? 10,000 9,000 8,000- 7,000- 6,000- 5,000- 4,000 3,000 2,000 1,000 Price, marginal cost (5) C(8,7500) *A (35,6000) (40, 3300) Profit-QP-AC) Marginal cost hoprofit curve $150,000 boprofit curve $70,000 Zenic procure (AC 0 0 10 20 30 40 50 60 70 80 90 100 110 120 Quantity of cars, Q Select one Oa if the price is equal to the average cost, MQ Motors' profits decrease until it sells 40 cars, and then start to increase. Ob Given the same quantity of cars, MQ Motors" profits increase as price increases. OC The shape of MQ Motors' cost function affects the shape of their isoprofit curves Od. MQ Motors incurs increasing marginal cost Oe It MQ Motors sells 35 cars at P-$5,000, it makes profits higher than $70,000.6:08 PM ě 3.5KB/s 1l 82 4G+ 01:52:56 Remaining Multiple Choice If breakeven point is 100 units, each unit sells for P30, and fixed costs are P1,000, then on a graph the: total revenue line and the total cost line will intersect at P3,000 of revenue O total cost line will be zero at zero units sold revenue line will start at P1,000 total revenue line and the total fixed cost line will intersect at P3,000 of revenue 56 of 64 II レFor a table manufacturing company, selling price for a table is $188.00 per Unit, Variable cost is $28.00 per Unit, rent is $4, 670.00 per month and insurance is $ 271.00 per month. Company wants to expand its business and improve the table quality, it wants to increase the selling price for a table to $350.00 per Unit, Variable cost to $48.00 per Unit, bigger area will have rent $6, 537.00 per month and insurance is $406.00 per month At what point will the company be indifferent between the current mode of operation and the new option?
- 02/A manufacturing concern produces a product which is sold at a price of $10.5 per unit. The plant's fixed cost is $50000 and its variable cost is $6.5 per unit. a) How many units should be produced at the breakeven point? b) How many units must be produced in order to earn a profit of $10000? c) What would the profit on a sales volume of 20000 units be?Metters Cabinets, Inc., needs to choose a production method for its new office shelf, the Maxistand. To help accomplish this, the firm has gathered the following production cost data: Variable costs (per unit) ($) Process type Annualized fixed cost labor material energy Of plant & equip. Intermittent $1,000,000 24 26 20 Mass customization $1,190,000 30 18 12 Repetitive $1,385,000 28 15 11 Continuous $1,660,000 25 15 10 Determine the most economical…Determine breakeven annual revenue: please draw CDF