5 Question 11A manufacturing firm is connidering three locations for a plant to produce a new product. The three locations have fixed and variable costs as follown:VC (per unit)$24$ 20$ 16FC (annual)$ 170,000$ 80,000$ 140,000LocationDalsaAtiantaPhoenixIt annual demand is estimated to be 20,000 units, what is the yearly profit? Assume products sold at an average price of $40 per unit.

Location Fixed Cost Variable Cost Dallsa 1,70,000 24 Atlanta 80,000 20 Phoenix 1,40,000 16

Answered: Question 11 A manutacturing firm is…

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

100 90 80 ATC AVC 20 10 MC 10 15 20 25 30 35 40 45 50 QUANTITY (Thousands of blenders) ch a Desktop PRICE (Dollars per blender) 8 & 8 8 8
R2
please help i need answer typing clear urjent
M1
$1200 $1000 $1000 D3 D1 D2 $600 D3 D1 D2 0 300 500 650 500 Computers Per Week Computers Per Week A Refer to the graphs. Which of the following best represen Price Price
$ 300- 250 200 150 100 50- 04. What is the Total Fixed Cost at Q = 10? # O (a) $9 0 Q 0 2 4 6 8 10 12 14 16 18 20 O (b) $50 O (c) $90 (d) $140 O(e) $160 Type here to search TC Et I TVC TFC 30 25 20 15 10 Click Save and Submit to save and submit. Click Save All Answers to save all answers. 5 SA 0- 0 2 4 6 8 10 12 14 16 182 O Save All Answers MC AC AVC St AFC Q ? Save and Submit DEL
1. (a) A company expects fixed cost of $55,000. Margin is to be 46 percent of the retail. Variable cost in addition to costs of goods is estimated at $0.06 per dollars of sale. Find the profit function using s for sales volume. (b) Square Hospital Limited charges every COVID patient a fixed amount for using their ICU facilities. What would be the graphical nature of the demand function of ICU in this case ? (c) Write down the general form of the Augmented matrix of a system of Linear Equation which consists of 5 equations and 4 unknowns. (0.5 0.5 (d) Calculate the steady state vector for the given transition matrix: (e) Assuming the nonnegativity constraints for each variables, calculate the total number of corner points for the following system of inequalities: 2x + 5y + 4z 2 29 3r + 2y + z 2 23 10r + 8y +5z > 62
(ii) Calculate total profit for this firm.
Price/cost MC $52 АТС $40 $30 $28 $20 D $14 MR 100 130 140 160 Its total revenue will be $ Its total cost will be $ It will make a profit/loss/break even (circle one) of $
SETTINGS Cost Structure Low Cost 200 175 150 125 100 75 50 25 0 MC ATC AVC MR D 20 20 40 60 80 100 120 140 160 180 Quantity (units per month) abcdefghijklmno Quantity 10 Quantity 60 Reset PROFIT CALCULATIONS Market Price (P) $125.00 High Cost Marginal Revenue (MR) $50.00 Marginal Cost (MC) $55.00 Revenue $7,500.00 120 Costs $5,066.67 Profit $2,433.33 Instructions: Make sure the Interactive is set to "Natural Monopoly" on the upper right side of the Graph section. When "Natural Monopoly" is selected, it will have a dark blue background. With the Cost Structure (in the settings section) set to "a" a. What is the profit maximizing quantity? 60 units b. What is the maximum profit that can be earned? $ 2100 With the Cost Structure (in the settings section) set to "e" c. What is the profit maximizing quantity? units d. What is the maximum profit that can be earned? $ Let the Cost Structure remain at "e" e. If the firm decides to produce 80 units (where the average total cost equals demand…
You are presented with the following break-even chart of GHI Company. They have budgeted sales of 75 000 units. You are required to use the chart to assist you in answering the questions posed below. Break-even chart for GHI Company R(000s) 3.6 REQUIRED 3.7 3.8 320 290 250 3.9 110 Units (000s) 56 75 (a) (b) Provide the correct graph labels represented by '(a)' and '(b)'. What is the value of the fixed costs of GHI Company? What is GHI Company's break-even revenue and units? How much profit would be made if GHI were to sell 75 000 units? 3.10 Explain your understanding of fixed costs and variable costs. In your answer you are required to provide a brief definition, an example of each and make use of a rough graph to illustrate your understanding of each.
A chemical company produces a special industrial chemical that is a blend of three chemical ingredients. The beginning-year cost per pound, the ending-year cost per pound, and the blend proportions follow. (Round your answers to the nearest integer.) Cost per Pound ($) Quantity (pounds) Ingredient Beginning Ending per 100 Pounds of Product A 2.50 2.95 25 B 8.75 9.90 15 0.99 0.90 50 (a) Compute the price relatives for the three ingredients. Item Price Relative (b) Compute a weighted average of the price relatives to develop a one-year cost index for raw materials used in the product. What is your interpretation of this index value? Cost of raw materials is up % for the chemical.

SEE MORE QUESTIONS

Recommended textbooks for you

ENGR.ECONOMIC ANALYSIS

Economics

ISBN:

9780190931919

Author:

NEWNAN

Publisher:

Oxford University Press

Principles of Economics (12th Edition)

Economics

ISBN:

9780134078779

Author:

Karl E. Case, Ray C. Fair, Sharon E. Oster

Publisher:

PEARSON

Engineering Economy (17th Edition)

Economics

ISBN:

9780134870069

Author:

William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

Publisher:

PEARSON

ENGR.ECONOMIC ANALYSIS

Economics

ISBN:

9780190931919

Author:

NEWNAN

Publisher:

Oxford University Press

Principles of Economics (12th Edition)

Economics

ISBN:

9780134078779

Author:

Karl E. Case, Ray C. Fair, Sharon E. Oster

Publisher:

PEARSON

Engineering Economy (17th Edition)

Economics

ISBN:

9780134870069

Author:

William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

Publisher:

PEARSON

Principles of Economics (MindTap Course List)

Economics

ISBN:

9781305585126

Author:

N. Gregory Mankiw

Publisher:

Cengage Learning

Managerial Economics: A Problem Solving Approach

Economics

ISBN:

9781337106665

Author:

Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:

Cengage Learning

Managerial Economics & Business Strategy (Mcgraw-…

Economics

ISBN:

9781259290619

Author:

Michael Baye, Jeff Prince

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS