put 00 200 000 000 TC $100,000.00 120,000.00 125,000.00 130,000.00 ATC ans: In part a round your answers to 2 decimal places. In parts c and d, enter your answers as a whole ATC for each level of output listed in the table? Enter your answers in the table above. e that for each 25,000-bottle-per-day increase in production above 100,000 bottles per day, TC increm stance, 125,000 bottles per day would generate total costs of $135,000 and 150,000 bottles per day - 140,000). Are there economies of scale at all levels of output? to select) we that the price of a bottle of vitamins 52.22
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- Plant sizes get larger as you move from ATC-1 to ATC-4. Output АТС-1 ATC-2 ATC-3 ATC-4 1,500 $ 10 15 $ 20 $ 30 2,000 8. 12 17 25 2,500 9 10 15 20 3,000 12 8 13 18 3,500 15 11 16 4,000 18 10 9 14 4,500 20 12 7 12 5,000 24 15 11 10 5,500 29 19 13 6,000 35 25 15 9 In the long run, the firm should use plant size ATC-4 for what level of output? Multiple Choice less than 3,000 3,000 to 3,500 5,000 to 5,500 4,000 to 4,500The total cost of Mr. Plow, a snow-removal business, is given in the table below. Quantity adriveways cleared) Abbreviation Formula: Total Revenue TR Total Cost TC $0 $25 20 30 40 50 60 70 80 34 41 46 49 51 54 60 70 95 145 10 100 What is the total profit of cleaning five driveways if the price Mr. Plow can charge is $10 per driveway? s 01/21 VIEW sOLUTION O OF 21QUESTIONS COMPLETED 28 MacBook Pro 59The Calhoun Textile Mill is in the process of deciding on a production schedule. It wishesto know how to weave the various fabrics it will produce during the coming quarter. Thesales department has confirmed orders for each of the 15 fabrics produced by Calhoun.These demands are given in the following table. Also given in this table is the variablecost for each fabric. The mill operates continuously during the quarter: 13 weeks, 7 daysa week, and 24 hours a day.There are two types of looms: dobbie and regular. Dobbie looms can be used to makeall fabrics and are the only looms that can weave certain fabrics, such as plaids. The rateof production for each fabric on each type of loom is also given in the table. Note that ifthe production rate is zero, the fabric cannot be woven on that type of loom. Also, if afabric can be woven on each type of loom, then the production rates are equal. Calhounhas 90 regular looms and 15 dobbie looms. For this problem, assume the time requirementto change…
- You are currently in a job as a chef in a restaurant earning $100,000 per year. You are considering opening up a restaurant in a building which you currently own. You estimate that, if you wanted to, you could rent out your building for $25,000 per year to another restaurant. Last year, your revenues and expenses from the restaurant were the following: Revenues $400,000Cost of Food $120,000Salaries/Wages $100,000Utilities $25,000Taxes $20,000 What is your accounting profit? Show your calculations What is your economic profit? Show your calculations Assuming that you are indifferent between being a chef or owning a restaurant, should you open up your restaurant? Explain why. Now suppose that instead of owning the building where your restaurant will be located, you had to pay rent of $25,000 per year for the building. Will your answers to parts 1-3 change? Show your calculations. Explain how and why your answers will change or…TeEpress Smartwork O Homework Smatwors Calege of hiness Onine b My Questions bartely ncia wwnorton.com/132454 Paused !!! Apps P Pandora ntenet Ra O Thesis Creator g Bockshelf Online L M McGra H- Login 9OF 12 QUESTIONS COMPLETED * SUBMIT ANSWER 751 AM P Type here to searchQ Price TR AR MR TC MC Profit 0 30 0 0 0 70 -70 5 27 135 27 27 135 0 10 24 240 24 21 197 43 15 21 315 21 15 252 63 20 18 360 18 9 300 60 25 15 375 15 3 345 30 30 12 360 12 -3 383 -23 35 9 315 9 -9 428 -113 40 6 240 6 -15 478 -238 45 3 135 3 -21 533 -398 50 0 0 0 -27 593 -593 Provide a brief explanation of the firm's behavior to set production at 20 units at the price of P18 per unit.
- Question Two: The following data for a small farm operating in a perfectly competitive market are given in the table below. The price is $10 per yogurt. Q TC 100 10 200 20 280 30 330 40 360 50 380 60 390 70 425 80 500 90 610 100 750 Instructions: 1. What is the firm's decision at that price? (whether to produce or to shutdown), justify your answer. 2. Show the range of output at which the firm experience IMR and DMR. 3. Using excel, now suppose the price of strawberry yoghurt decreases to $5.5 per unit, what is the right decision firm should take, (produce or shutdown) justify your answer.A telecommunications business may produce 500, 000 units per month. The company generates a total monthly income of P350, 000, 000 at its current capacity of 350, 000 units per month. The firm has a fixed monthly cost of P100, 000, 000 and a var i able monthly cost of P200 per unit. a. What is the present profit or loss in millions of pesos? b. What is the break even quantity? c. If the production is increased to 80% of its capacity what is the profit or loss in millions of pesos?Tropical Leisure Limited has been making high quality Caribbean leisure wears for over twenty-fiveyears, in old rented premises located in the heart of the Barbadian capital of Bridgetown. Thecompany has a flexible labour force of about twenty employees and three directors, only one ofwhom, namely Mr. Grant, the managing director, is fully active in the business.The company specializes in leisure and swim wear garments. Their current range consists of teeshirts, shorts, skirts and bath suits in rich vibrant Caribbean colours and styles for men, women andchildren. The company capacity is 400-500 garments per week, depending on style and continuityof the production run, but additional floor space and machines could be brought in quickly to raiseproduction levels to a maximum of 1000 garments weekly if required.Trade sources estimated that the Barbadian market was valued at US$ 1.5 billion in 2010 but sincethen inflation and recession has deflated the market, resulting in many smaller…
- u.om/mod/quiz/attempt.php?attempt3D1579003&cmid%=812962&page%3D19 System (Academit oles of Microeconomics Spring20 fall20 Price MC ATC of P2 P3 stion Q, Q2 Q3 Quantity/time MR Refer to the above figure. Economic profits for this firm are Select one: O a. undetermined without more information. O b. zero. C. positive. O d. negative. pe here to search hp(Intel) 300 $ 250 200 150 100 50- H 02. Average Variable Cost beyond Q=10 is O(a) positive and increasing O (b) negative and increasing O (c) positive and decreasing O (d) negative and decreasing TC 7 TVC Type here to search TFC 0 0 2 4 6 8 10 12 14 16 18 20 O 30 25 20 15 10 5 T S Click Save and Submit to save and submit. Click Save All Answers to save all answers. 0 0 2 4 6 8 10 12 14 16 18 20 5 points Save All Answers MC AC AVC H AFC Q Save Answer Save and Submit1- iro % What quantity of output will this profit-maximizing firm choose to sell? units) (Round your response to the nearest whole number) Dellars per Unit 1927 176- 160- 120 112 00 BO 04 10 32 Output MR MC ATC 80 od