Hypothetical problem A corn farmer produces 300 sacks of corn at 50 kgs./sack. • Prevailing price of corn/sack is P1,200. • He incurred the following annual expenses (P): • Fixed costs: land rent @5,000; irrigation fee@3,000; warehouse @2,500 insurance @3,000; interest on loan @4,200; entrepreneuship@7,000; salaries/wages@10,000; taxes@4,600; depreciation@2,600 Variable costs: seeds@5,000; fertilizer@10,500: labor@18,0003; pesticides@8,000; tractor@3,000; transportation,@3,500.

Hypothetical problem A corn farmer produces 300 sacks of corn at 50 kgs./sack. • Prevailing price of corn/sack is P1,200. • He incurred the following annual expenses (P): • Fixed costs: land rent @5,000; irrigation fee@3,000; warehouse @2,500 insurance @3,000; interest on loan @4,200; entrepreneuship@7,000; salaries/wages@10,000; taxes@4,600; depreciation@2,600 Variable costs: seeds@5,000; fertilizer@10,500: labor@18,0003; pesticides@8,000; tractor@3,000; transportation,@3,500.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Average Total Cost (Dollars per bike) QQ = 100 QQ = 200 QQ = 300 QQ = 400 QQ = 500 QQ = 600 1 140 60 40 80 160 320 2 230 110 40 40 110 230 3 320 160 80 40 60 140
choices for 1 and 2 are its either "variable" or "fixed" please also do the rest of the questions and graph thank you!
(a) What do you mean by inventory carrying cost and ordering cost? Explain with examples. 2(b) Mr Mahmud operates a cosmetics shop at Dhanmondi. The annual demand for soap is 2,500 units. The setup cost is Tk.15 per order. The material cost per unit Tk.3 and the holding cost 10% of average inventory.. a) What is the optimum number of units per order? (Use EOQ formula)b) What is the expected number of orders per year if management considers the followings units for order placement: 100 units, 250 units, 500 units and 1250 units?(Use comparative tabular format)
Could you provide some graphs on the above?
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.
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Total cost and output are $3000 and 60 respectively Calculate average cost
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WHat are the graphs for both?