QUESTION 14Suppose a busness owner operates her business out of a building that she owns. Also assume that there are ho malntenance or utlity costs associated with the building Thismeans that it is costless for the business owner to use the buildng to operate the businessO TrueO FalseQUESTION 15if the 15th unit of output has a marginal cost of s29.50 and the average total cost of producing 14 units of output is 3021 what will happen to the average total cost is the15th unit is produced?O Average Total Cost will fal.O Average Total Cost will increaseO Average Totual Cost could increase or decrease deperiding on whar happets to variable costO Average Total Cost could inorease or decrease depending.on what happens to fed cost

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QUESTION 14 Suppose a busness owner operates her business out of a buldng that she owns Aso assume thar there are ho maleteance or ity cots assocuted with the buildng This means that it is costess for the business owner to use the building to operate the business O True O False

QUESTION 14 Suppose a busness owner operates her business out of a buldng that she owns Aso assume thar there are ho maleteance or ity cots assocuted with the buildng This means that it is costess for the business owner to use the building to operate the business O True O False

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Problem 6Cannes Croissants (not a real company) wishes to determine the optimum production quantity for its topselling product, almond croissants. The annual demandfor almond croissants is 12,000 units. The setup costs fora production run of the croissants is US$15. The holdingcost per unit per year is US$0.50. Production is mostefficient when 80 croissants are produced per day. Thecompany operates 300 days during a year.a What is the economic production quantity (EPQ)?b How many production runs will there by per year?c What is the maximum inventory level?d What is the total annual cost (in US dollars)?e What is the length of a production run in days?
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Cost (dollars per bagel) 0 MC ATC AVC 5 10 15 20 25 30 35 40 45 50 Quantity (hundreds of bagels per day) Select one: O a. up to 500 bagels O b. up to 3500 bagels O c. up to 3000 bagels O d. up to 2000 bagels The above figure shows the costs at Barney's Bagel Bakery. Up to which level of output will increasing marginal returns in production be experienced at Barney's Bagel Bakery?