Complete the following table FCVCAFCATCTC40AVCMC242046.8108.6.801218414181613

Fixed cost is the cost that remains same at all levels of output whereas variable cost is the cost…

Answered: FC VC AFC TC 40 AV 24 4. 8. 10 12 14 80…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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AMC Theaters is considering raising the price of its tickets from $10 to $13. In order to make sure that this strategy is profitable, the theater is testing a pricing increase of $1.00 throughout America. For each $1.00 increase, demand drops 5%; demand is 3500 units when the tickets are priced at $10. The theater's fixed costs are $10,000 and unit variable cost is $3. Based on this information, calculate the following: a. The price elasticity of demand. Is it elastic, inelastic, or unitary elastic? b.Calculate the demand, fixed costs, variable costs, and profit for each price (i.e = $10, $11, $12, $13). What is the most profitable selling price and what profit should the theater expect at this price?
this table is tricky
Define analysis,
When the price of salad was $5, a cafeteria sold 50 packets of salad dressing a day at $0.50 per packet. When they increased the price of salad by 40%, but kept the dressing at the same price, they sold 50% fewer packets of salad dressing.
To produce the next popular toy, a company has to pay a factory $250, 000 to set up the production line. They also have to pay $25 per item for the raw materials and labor. Write function for the average cost to produce x items. Then describe what happens to the average cost as the factory produces a large number of toys.
Hi, just wanted to ask why the simplification changes x(V-x^2/2) to (1-x)*(V-x^2/2)
Use the line drawing tool to plot the functional relation. listed below on a scale diagram (with X on the horizontal axis and Y on the vertical axis) and compute the slope of the line. Make sure you start at the Y-intercept and label the line 'Line A'. Y = 20 + 3X Carefully follow the instructions above, and only draw the required object.
Can you draw all of this shifts with graph
Typed plzzzzzx and Asap I vll upvote
Ron Satterfield's excavation company uses both Gantt scheduling charts and Gantt load charts. Today, which is the end of day 7, Ron is reviewing the Gantt chart depicting these schedules: Job #151 was scheduled to begin on day 3 and to take 6 days. It got started on time and is 1 day ahead of schedule. Job #177 was scheduled to begin on day 1 and take 6 days. It is currently on time. Job #179 was scheduled to start on day 5 and take 3 days. It actually got started on day 4 and is progressing according to plan. Job # 211 was scheduled to begin on day 4, but missing equipment delayed it until day 5. It is progressing as expected and should take 3 days. Job #215 was scheduled to begin on day 4 and take 5 days. It got started on time but has since fallen behind 2 days. This exercise contains only part a. a) Add the actual progress to the Gantt schedule shown on the right (on which the planned timings have been already plotted as blue lines). Using the line drawing tool, plot the actual…
On the following graph, place the green line (triangle symbol) directly on top of the upward-sloping line you are given. Hint: Make sure you plot the green line at the grid lines. Line 1 Line 2 14 16 18 20 4 6 8 10. 12 QUANTITY (Thousands of boxes) True or False: The vertical intercept of the line will always be a snap point. True False PRICE (Dollars per box)
If r increases, C and w unchanged, the isocost will shift parallely to the right shift parallelly to the left pivot towards point of origin pivot away from the point of origin

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FC VC AFC TC 40 AV 24 4. 8. 10 12 14 80 184 16