The table shows the quantity of gold bars (in thousands) and the extraction cost per gold bar (in dollars) for the Acme Company. Use these data to answer the questions below. Quantity of Gold Bars (thousands) Extraction Cost ($ per bar) 10,000 1 15,000 2 20,000 3 25,000 4 30,000 5 35,000 Instructions: Enter your answers as a whole number. a. If the user cost is $20,000 and the current price of a gold bar is $40,000, how many bars (in thousands) should Acme Company extract and sell this year in order to maximize profits? bars b. Now suppose that the user cost increases by $5,000 such that the new user cost is $25,000, but the price remains the same. How many bars (in thousands) should Acme Company extract and sell this year in order to maximize profits? bars

The table shows the quantity of gold bars (in thousands) and the extraction cost per gold bar (in dollars) for the Acme Company. Use these data to answer the questions below. Quantity of Gold Bars (thousands) Extraction Cost ($ per bar) 10,000 1 15,000 2 20,000 3 25,000 4 30,000 5 35,000 Instructions: Enter your answers as a whole number. a. If the user cost is $20,000 and the current price of a gold bar is $40,000, how many bars (in thousands) should Acme Company extract and sell this year in order to maximize profits? bars b. Now suppose that the user cost increases by $5,000 such that the new user cost is $25,000, but the price remains the same. How many bars (in thousands) should Acme Company extract and sell this year in order to maximize profits? bars

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

A group can charter a particular aircraft at a fixed total cost. If 36 people charter the aircraft rather than 40 people, then the cost per person is greater by $12. Whatis the fixed total cost, in dollars, to charter the aircraft?
A car wheel making company has the following data related to cost: Total Cost = $ 15000 + 1000X and Total Revenue = 2500X, where X is the number of wheel. Calculate the amount profit or loss required to make X = 1500 wheels.
Question 37 In this table, the average cost of producing 100 units of output is: R Output Total Cost Variable Cost 0 $5,000 $0 100 $5,700 $700 200 $6,300 $1,300 300 $7,100 $2,100 400 $8,000 $3,000 Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a $57.00 Search b $31.50 C $20 d $23.67 Question 38 4- 4+ * hp 144 C f10 114 144 f12 + + 11 7/ ins prt sc delete home num
A small business sells T-shirts during the Lasallian Week Festival. It is estimated that the variable cost to produce one T-shirt is 175 pesos. Also, the total cost to produce 60 T-Shirts is 15000 pesos. T-shirts are sold at a price of 456.25 pesos each. a. Find the total cost model. C(x)= b. How many T-shirts must be sold to break even? T-shirts c. How many T-shirts must be sold to make profit of 9000 pesos? 32 T-shirt (note: do not use space and comma for your answer)
I need the answer as soon as possible
Imagine a smartphone company has the following costs when they produce 200 phones: $50 in average fixed cost and $140 in average total cost. What would be the total variable cost for this company when they produce 200 phones? Type your numeric answer and submit
1,200 B TC 1,000 850 700 TVC A 500 2 3 Number of microwave ovens 6. Refer to the figure above. Based on the information shown, the average fixed costs of producing two units of output are: 500 Cost in dollars
SOLVE STEP BY STEP IN DIGITAL FORMAT The company Cielito S.A. It manufactures clothing for older adults and has a large presence in Mexico, due to the comfort and good taste of its garments. It has 60 seamstresses who work 8 hours a day; Indirect manufacturing expenses are $9,500.00 MXN. Every day Cielito S.A. produces 1,500 garments. The cost per hour of labor is $55.00 MXN. With this data, you must calculate: a. Labor or labor productivity. b. The productivity of manufacturing indirect expenses. c. The total productivity of Cielito S.A.
Example The following equations shows the effect of time (x) in year and salt concentration (y) in ppm on the total cost due to corrosion failure for a particular operation 12500 CT = 4x + + 2.5 y + 500 ху Determine the optimum value of x and y, and calculate the total cost. Solution 12500 = 0 x?y 12500 3125 x2 = 4y and ac, = 2.5 ду 12500 = 0 xy2 12500 5000 2.5 y2 Then 5000 (3125 y? у-20 рpm And x= 0.625 year The total cost will be 20505 at the optimum point Н.W Repeat the previous example if the total cost equation is C, = x? + xy + 2y² + 200
only d,e,f please