The following chart shows the number of workers and hourly wage rate required to produce different quantities of brakingsystems in an hour.15913 152.89 4.00 4.70 6.43 7.27Quantity of Output (Q) 2Workers (L)Wage Rate Per Hour 15.28 15.28 15.28 15.28 15.28Calculate the cost of producing nine braking systems in an hour. Round your answer to the nearest cent.Provide your answer below:

Cost of production implies the total costs incurred by a business in the process of manufacturing a…

The following chart shows the number of workers and hourly wage rate required to produce different quantities of braking systems in an hour. Quantity of Output (Q) 2 Workers (L) 9 13 15 2.89 4.00 4.70 6.43 7.27 Wage Rate Per Hour 15.28 15.28 15.28 15.28 15.28 Calculate the cost of producing nine braking systems in an hour. Round your answer to the nearest cent. Provide your answer below:

The following chart shows the number of workers and hourly wage rate required to produce different quantities of braking systems in an hour. Quantity of Output (Q) 2 Workers (L) 9 13 15 2.89 4.00 4.70 6.43 7.27 Wage Rate Per Hour 15.28 15.28 15.28 15.28 15.28 Calculate the cost of producing nine braking systems in an hour. Round your answer to the nearest cent. Provide your answer below:

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Let's explore how rising costs helped to kill off most printed newspapers after the Internet became available in the mid-1990s. Imagine that you are a newspaper publisher in the year 2004. You are in the middle of a one-year factory rental contract that requires you to pay $700,000 per month, and you have contractual salary obligations of $1,250,000 per month that you can't get out of. You also have a marginal printing cost of $0.25 per paper as well as a marginal delivery cost of $0.10 per paper. Instructions: Enter your answers rounded to two decimal places. a. If sales fall by 20 percent from 1,000,000 newspapers per month to 800,000 newspapers per month, what happens to the AFC per newspaper? AFC per newspaper rises from $ to $ b. What happens to the MC per newspaper? MC per newspaper does not change c. What happens to the minimum amount that you must charge to break even? It rises from $ to $
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define total fixed costs
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Answer letter A