Get your Guns Up Photo sells three basic types of cameras for travelers. Their fixed costs are $60,000 per month and the rest of the information is as follows:What is the Multiproduct Break Even Point and is this a profitable business?ANNUALITEMFORECASTVARIABLE COSTPRICESALES UNITS200 $300 $250 $Nikon800500Canon1,000600Sony500400O $435,576 and YES! Bear our Banners will make money!O $117,073 and YES! Bear our Banners will make money!O $435,576 and NO! Bear our Banners will lose money!O $117,073 and NO! Bear our Banners will lose money!O $1,404,878 and NO! Bear our Banners will lose money!O $1,404,878 and YES! Bear our Banners will make money!

Meaning of Cost: The term cost refers to the situation under which a firm occurs various expenses…

Get your Guns Up Photo sells three basic types of cameras for travelers. Their fixed costs are $60,000 per month and the rest of the information is as follows: What is the Multiproduct Break Even Point and is this a profitable business? ANNUAL ITEM FORECAST VARIABLE COST PRICE SALES UNITS 200 $ 300 $ Nikon 800 $4 500 Canon 1,000 $ 600 Sony 500 $4 250 $ 400 O $435,576 and YES! Bear our Banners will make money! O $117,073 and YES! Bear our Banners will make money! O $435,576 and NO! Bear our Banners will lose money! O $117,073 and NO! Bear our Banners will lose money! O $1,404,878 and NOI Bear our Banners will lose money! $1,404,878 and YES! Bear our Banners will make money!

Get your Guns Up Photo sells three basic types of cameras for travelers. Their fixed costs are $60,000 per month and the rest of the information is as follows: What is the Multiproduct Break Even Point and is this a profitable business? ANNUAL ITEM FORECAST VARIABLE COST PRICE SALES UNITS 200 $ 300 $ Nikon 800 $4 500 Canon 1,000 $ 600 Sony 500 $4 250 $ 400 O $435,576 and YES! Bear our Banners will make money! O $117,073 and YES! Bear our Banners will make money! O $435,576 and NO! Bear our Banners will lose money! O $117,073 and NO! Bear our Banners will lose money! O $1,404,878 and NOI Bear our Banners will lose money! $1,404,878 and YES! Bear our Banners will make money!

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Ike's Bikes is a major manufacturer of bicycles. Currently, the company produces bikes using only one factory. However, it is considering expanding production to two or even three factories. The following table shows the company's short-run average total cost each month for various levels of production if it uses one, two, or three factories. (Note: Q equals the total quantity of bikes produced by all factories.) Number of Factories Q = 100 Q = 200 520 400 660 480 800 560 1 2 3 Average Total Cost (Dollars per bike) Q = 300 Q = 400 320 400 320 320 400 320 Q = 500 560 480 400 Q = 600 800 660 520 Suppose Ike's Bikes is currently producing 100 bikes per month in its only factory. Its short-run average total cost is $ per bike. Suppose Ike's Bikes is expecting to produce 100 bikes per month for several years. In this case, in the long run, it would choose to produce bikes using On the following graph, plot the three short-run average total cost curves (SRATC) for Ike's Bikes from the…
8.1 The fixed costs at Harley Motors are $1M annually. The main product has revenue of $9.90 per unit and $4.50 variable cost. This question is in three parts. Part 2: What is the annual profit (or loss) if 150,000 units are sold? (if a profit, use a positive number and if a loss, use a negative number; do not use commas or $ signs in your answer)
Willie Wheat decides to produce 150 bushels of wheat. Based on the revenue and cost information below, they will earn profit of Quantity Total 0 50 100 150 200 250 300 140 170 190 150 Revenue 10 250 500 750 1,000 1,240 1,500 Fixed Cost 300 300 300 300 300 300 300 Variable Cost 0 100 190 310 510 820 1111 Total Cost 300 400 490 610 810 1,120 1,200 1.500 Profit
Problem 1 A lash adjuster keeps the pressure constant on engine valves, increasing automobile engines' fuel efficiency. The relationship between price (p) and monthly demand (D) for lash adjusters made by the Wicks Company is given by this equation: D=(2,000-p)/0.10. 6 a) What is the demand (D) when total revenue is maximized? b) What important data are needed if maximum profit is desired? & 7 IAA fg 8 DII myhp np f10 DDI 9 fi Po 112 prt sc
Number of Consumers Who Try the Product Number of Repeat Customers 10 million 10 million Product Energy bar A Energy bar B In the table above, the profit from repeat customers will equal the cost of the advertisement if there are Profit per Repeat Customer 5 million 1 million $6 6 Profit from Repeat Customers $30 million 6 million Cost of Advertisement $10 million 10 million million repeat customers. (Enter your response rounded to two decimal places.)
The table below shows the monthly cost of producing vintage model cars for collectors. Instructions: Enter your answers as a whole number. Fill in the missing values for total fixed cost, total variable cost, and total cost in the table below. Vintage Model Car Production Costs Output 0 100 200 300 400 Total Fixed Cost (dollars) $3,000 3000 3000 3000 3000 Total Variable Cost (dollars) 1,200 1,700 3,700 III Total Cost (dollars) $3,000 5,700
A fruit stand owner rents a stall at the market for $255$⁢255. Each month, the owner spends $295$⁢295 for an accountant’s services and $695$⁢695 on fresh fruit. The fruit stand sells 135135 kilograms of fruit monthly at a price of $8$⁢8 per kilogram. Step 1 of 2: Calculate the fruit stand’s profit or loss. Write the exact answer; do not round. Use a minus sign to show losses if necessary.
Q 4 5 6 Revenue and cost figures can be observed in the table below for Greensons Organic. Use the information in the first three columns to complete the table Output /Sales(Q) Total Revenue (TR) Total Costs (TC) Profit /Loss Marginal Revenue (MR) Marginal Costs (MC) Addition to profit 0 0 8 -8 1 7 14 -7 7 6 2 14 19 -5 7 5 3 21 23 -2 7 4 4 28 26 2 7 3 5 35 28 7 7 2 6 42 31 11 7 3 7 49 38 11 7 7 8 56 48 8 7 10 2. Is Greensons Organic operating in the short run or in the long run? Justify your answer 3. Calculate average variable costs when the level of output is equal to 5 units. 4. What level of output does Greensons Organic maximize profit? Justify/explain your answer and show calculations 5. When will the diminishing marginal returns start to prevail for Greensons Organic and why? 6.…
Given Question #1 Cost function C= 3000+6Q Q = 4400 - 200Q Q= 1600 P = 14 Profit= 22400-12600 = 9800 Question #2 Q=$480 - Laredo Q=$1120 - SA Question #3 Ed=−1.25 - Laredo Ed=−0.55 - SA 0.5<0.8− markup index it is charging less. - Laredo 0.64<-1/-0.55--markup index it is charging less. - SA Please answer question number #4 (A-C) For Laredo only
PRINT YOUR NAME (LAST) (FIRST) Aggregate Cost Data Unit Cost Data Average Average Average I Fixed Variable Total Cost TC Marginal Quantity Fixed Variable Total Change in I Cost of Output (FC) (VC) Cost ATC Cost Cost Total Cost (TC) (ATC) Plot MC at Output Cost Cost IFC VC $600 $ 0 $ 600 I XX XX XX XX $3.00 $300 50 100 600 300 900 I $6.00 $3.00 $9.00 100 1.00 150 200 600 400 | 3.00 2.00 5.00 50 .50 - 250 300 1050 I 2.00 1.50 1.00 350 400 1150 I 1.50 1.38 2.88 200 2.00 - 450 500 600 750 1350 I 1.20 1.50 550 600 600 1200 1800 3.00 10.00 - 650 700 2200 2800 I.85 3.15 PLOT THE APPROPRIATE DATA FROM THE PRECEDING TABLE ON THE GRAPHS ON P. 134 AND 135 BEFORE ANSWERING THE EIGHT QUESTIONS BELOW. QUESTIONS 5-8 ARE ON PAGE 136. 1. How is marginal cost (ATC/AQ) represented in your graph on page 134? 2. On your graph on page 135 Variable Cost per unit (VC/Q or average variable cost) is at a minimum at an output level of, units. 3. On your graph on page 135 Total Cost per unit (TC/Q or average…
Your food-services company has been named as the sole provider of meals at a small university. The cost and demand schedules are: Total Total Sold per Day Price per Meal Fixed Cost Variable Cost Total Revenue $3.50 $150 100 $3.25 $150 $300 $325 200 $3.00 $150 $500 $600 300 $2.75 $150 $650 $825 400 $2.50 $150 $750 $1000 500 $2.25 $150 $830 $1125 600 $2.00 $150 $905 $1200 700 $1.75 $150 $995 $1225 TABLE 10-2 Refer to Table 10-2, and suppose that the firm is a single-price monopolist. At the profit-maximizing level of output, the price elasticity of demand is greater than one. O one. infinite O less than one. impossible to know with the available information. Suppose a monopolist faces the demand curve and cost curves shown below. P5 MC ATC Demand Po MR Q4 Qs Quantity FIGURE 10-4 Refer to Figure 10-4. If this single-price monopolist is producing at the profit-maximizing level of output, the total profit is represented by the area O PaceP2. O PąabP2. O OPofQo- O OPgaQo- O OP26Q0- At the…
Jerry Maguire is making two products Abra and Cadabra in its plant location in Smallville. The cost data for the products are listed below Selling Price Variable Cost O $128,000 O $230,000 O $142,500 Abra $60 $30 FIXED Cost / Quarter $30,000 The company made 4,500 units of Abra and 1,500 units of Cadabra respectively last quarter, what is the profit made? O $132,000 Cadabra $30 $25