Given that the firm's TFC=$10, complete the following table: (Note: you must show your calculations for each unknown item. Failure to do so will mean deductions.) Formula manipulation is needed in most instances. A box with xx means you do not have to solve for it. There are 28 boxes you have to fill. You may insert your calculation in EACH box, or show your calculations below the table. Each answer must be accounted for by a calculation. Do not assume that one calculation is enough to cover all your answers. AVC AFC ATC TVC TC MC XX XX 80 54 58 4 62 76 12

Given that the firm's TFC=$10, complete the following table: (Note: you must show your calculations for each unknown item. Failure to do so will mean deductions.) Formula manipulation is needed in most instances. A box with xx means you do not have to solve for it. There are 28 boxes you have to fill. You may insert your calculation in EACH box, or show your calculations below the table. Each answer must be accounted for by a calculation. Do not assume that one calculation is enough to cover all your answers. AVC AFC ATC TVC TC MC XX XX 80 54 58 4 62 76 12

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

A delivery company is considering adding another vehicle to its delivery fleet; each vehicle is rented for $350 per day. Assume that the additional vehicle would be capable of delivering 1,750 packages per day and that each package that is delivered brings in $0.35 in revenue. Also assume that adding the delivery vehicle would not affect any other costs. Instructions: Enter your answers rounded to 2 decimal places. a. What is the MRP? What is the MRC? MRP = $ %3| MRC = $ Should the firm add this delivery vehicle: (Click to select) v b. Now suppose that the cost of renting a vehicle doubles to $700 per day. What are the MRP and MRC? MRP = $ MRC = $ Should the firm add a delivery vehicle under these circumstances: (Click to select) v c. Next suppose that the cost of renting a vehicle falls back down to $350 per day but, due to extremely congested freeways, an additional vehicle would only be able to deliver 750 packages per day. What are the MRP and MRC in this situation? MRP = $ MRC = $
Step by step explanation please!! I only need the last two parts, sorry it looks messy, I just didn't want there to be any confusion.
A delivery company is considering adding another vehicle to its delivery fleet; each vehicle is rented for $300 per day. Assume that the additional vehicle would be capable of delivering 1,750 packages per day and that each package that is delivered brings in $0.30 in revenue. Also assume that adding the delivery vehicle would not affect any other costs. Instructions: Enter your answers rounded to 2 decimal places. a. What is the MRP? What is the MRC? MRP = $ MRC = $ %3D Should the firm add this delivery vehicle: Yes b. Now suppose that the cost of renting a vehicle doubles to $600 per day. What are the MRP and MRC? MRP = $ MRC = Should the firm add a delivery vehicle under these circumstances: No c. Next suppose that the cost of renting a vehicle falls back down to $300 per day but, due to extremely congested freeways, an additional vehicle would only be able to deliver 750 packages per day. What are the MRP and MRC in this situation? MRP = $ MRC = $
The profit of a company, in dollars, is the difference between the company's revenue and cost. The cost, C(x), and revenue, R(x), are functions for a particular company. The x represents the number of items produced and sold to distributors. C(x)=-2300+40x R(x)=840x-x² a) Determine and simplify the profit function. Write your answer in descending order. P(X)-
Cigarland is a Latin American country producing cigars. If the unit cost is 11 dollars and firms' mark up is 10 per cent, calculate the price of each cigar. Answer the question by providing just the appropriate number of dollars in the box below to one decimal place (eg 12.3). Do not enter a comma, space, letters, words or symbols (such as $). Failure to follow these instructions may result in your answer being marked as incorrect. 24
Cigarland is a Latin American country producing cigars. If the unit cost is 11 dollars and firms' mark up is 20 per cent, calculate the price of each cigar. Answer the question by providing just the appropriate number of dollars in the box below to one decimal place (eg 12.3). Do not enter a comma, space, letters, words or symbols (such as $). Failure to follow these instructions may result in your answer being marked as incorrect. Next page > < Previous page
4
The Retread Tire Company recaps tires. The fixed annual cost of the recapping operation is $60,000. The variable cost of recapping a tire is $9. The company charges $25 to recap a tire. For an annual volume of 12,000 tires, determine the total cost, total revenue, and profit. Determine the annual break-even volume for the Retread Tire Company operation. Graphically illustrate the break-even point using a one way table that relates volume to profit.
Please answer the question at the bottom about the four hours of study time.
One employee of a computer store is paid a base salary of $4000 a month plus an 8% commission on all sales over $6000 during the month. How much must the employee sell in one month to earn a total of $5000 for the month? Write an equation required to find the solution, using x to represent the amount of sales, in dollars, by the employee. 8 4.000 + x+100 (Use integers or decimals for any numbers in the equation. Do not simplify.)
A delivery company is considering adding another vehicle to its delivery fleet; each vehicle is rented for $250 per day. Assume that the additional vehicle would be capable of delivering 1,500 packages per day and that each package that is delivered brings in $0.25 in revenue. Also assume that adding the delivery vehicle would not affect any other costs. Instructions: Enter your answers rounded to 2 decimal places. a. What is the MRP? What is the MRC? MRP = $ MRC = $ Should the firm add this delivery vehicle: (Click to select) ♥ b. Now suppose that the cost of renting a vehicle doubles to $500 per day. What are the MRP and MRC? MRP = $ MRC = $ Should the firm add a delivery vehicle under these circumstances: (Click to select) ♥ c. Next suppose that the cost of renting a vehicle falls back down to $250 per day but, due to extremely congested freeways, an additional vehicle would only be able to deliver 750 packages per day. What are the MRP and MRC in this situation? MRP = $ MRC = $…
9 Your boss asks you to purchase b; units of product i for each i in a set P of products. (These products are all divisible, i.e. they can be obtained in fractional amounts.) Of course, your boss wants you to spend as little money as possible. You call up all the stores in a set S of stores, and store j gives you a per-unit price Cj for product i for all i, j. (a) You decide to just order all b; units of product i from the store that gives the cheapest per-unit price for each i. Show that this is optimal. (b) Actually, there is another constraint. Your boss forgot to tell you that he does not want you to buy from too many different stores to keep the number of stores from which you buy to at most (integer) k. Modify your formulation in (a), the resulting formulation should be an he wants you IP. (c) It turns out that the stores have special deals. If the total value of your order from store j is at least t; dollars, it will give you d; cash back. (All and d; .) stores j offer such a…