For a certain company, the costs involved in producing blocks of ice are as follows: Cost of electricity per block = P16 Tax to be paid per block = P6 Real estate tax per month = P4,000 Salaries per month = P11,000 Other costs per block = P16 a. How much is the total monthly fixed cost (in Php per month)? b. How much is the total monthly variable cost (in Php per block)? c. If a block of ice sells for P65 each, how many blocks of ice must be sold per month to break even?

For a certain company, the costs involved in producing blocks of ice are as follows: Cost of electricity per block = P16 Tax to be paid per block = P6 Real estate tax per month = P4,000 Salaries per month = P11,000 Other costs per block = P16 a. How much is the total monthly fixed cost (in Php per month)? b. How much is the total monthly variable cost (in Php per block)? c. If a block of ice sells for P65 each, how many blocks of ice must be sold per month to break even?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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