Mr. Jack is in the process of expanding his manufacturing business. He decided to open a plant in the coming year. He has four locations in mind. The costs information for these locations is in the following table. Locations A B C D Fixed Costs 60,000 80,000 100,000 130,000 Variable Costs/unit 30 20 15 10 a. ii. Draw the total costs lines for each location on the same axes. (Use output ranges of 2000, 4000, 6000, 8000 etc. and intervals of $50,000 on the Y axis
Mr. Jack is in the process of expanding his manufacturing business. He decided to open a plant in the coming year. He has four locations in mind. The costs information for these locations is in the following table. Locations A B C D Fixed Costs 60,000 80,000 100,000 130,000 Variable Costs/unit 30 20 15 10 a. ii. Draw the total costs lines for each location on the same axes. (Use output ranges of 2000, 4000, 6000, 8000 etc. and intervals of $50,000 on the Y axis
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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QUESTION 2
1. Mr. Jack is in the process of expanding his manufacturing business. He decided to open
a plant in the coming year. He has four locations in mind. The costs information for
these locations is in the following table.
Locations A B C D
Fixed Costs 60,000 80,000 100,000 130,000
Variable
Costs/unit 30 20 15 10
a.
ii. Draw the total costs lines for each location on the same axes. (Use output ranges
of 2000, 4000, 6000, 8000 etc. and intervals of $50,000 on the Y axis
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