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- Profits for Mia's chocolate shop is $2300 Total revenue generated is $4100 Find the value of total costResearch an instance of an actual firm that has been engaged in cost-cutting measures. What actions specifically are being taken and considered? Has the cost-cutting been effective? Cite the source of your information.Give some specific examples of Product Costs?
- The demand for a commodity increases when its 1 (A) price increases (B) price decreases (C) price is constant (D) none of the aboveQuantitative MethodsPRINT YOUR NAME (LAST) (FIRST) Aggregate Cost Data Unit Cost Data Average Average Average I Fixed Variable Total Cost TC Marginal Quantity Fixed Variable Total Change in I Cost of Output (FC) (VC) Cost ATC Cost Cost Total Cost (TC) (ATC) Plot MC at Output Cost Cost IFC VC $600 $ 0 $ 600 I XX XX XX XX $3.00 $300 50 100 600 300 900 I $6.00 $3.00 $9.00 100 1.00 150 200 600 400 | 3.00 2.00 5.00 50 .50 - 250 300 1050 I 2.00 1.50 1.00 350 400 1150 I 1.50 1.38 2.88 200 2.00 - 450 500 600 750 1350 I 1.20 1.50 550 600 600 1200 1800 3.00 10.00 - 650 700 2200 2800 I.85 3.15 PLOT THE APPROPRIATE DATA FROM THE PRECEDING TABLE ON THE GRAPHS ON P. 134 AND 135 BEFORE ANSWERING THE EIGHT QUESTIONS BELOW. QUESTIONS 5-8 ARE ON PAGE 136. 1. How is marginal cost (ATC/AQ) represented in your graph on page 134? 2. On your graph on page 135 Variable Cost per unit (VC/Q or average variable cost) is at a minimum at an output level of, units. 3. On your graph on page 135 Total Cost per unit (TC/Q or average…
- Subject - account Please help me. Thankyou.Factor which affects market demand but not individual demand can be: (a) Number of consumers in the market (b) Age and sex composition of population (c) Distribution of income (d) All of the aboveTotal Cost Fixed Cost Variable Marginal Cost Average Fixed Cost Average Variable Cost Average Total Cost Quantity Cost S50 $150 $50 A so C $120 K. $120 H What is the value of B? $50 $25 $100 $200
- a firms long run costs is the costs of production when the firm (a) can vary the amount of output it produces (b) adds together all of its short run costs (c) uses the economically efficient quantities for its plant and its labourSituation: Lettuces and strawberries have almost doubled in price, and the produce rep says this will likely be the case for a few months until the market can recover. What are you likely to see over the next one to two months as far as food cost?A firm's total revenue is $2000 and the output produced was 40 units Calculate price per unit
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