00- Principles of Economics 1| S1 21/22Time left CA bagel shop sells fresh-baked bagels from 5 a.m. until 7 p.m. every day. The shop does not sell day-old bagels, so a.unsold bagels are thrown away at 7 p.m. each day. The cost of making and selling a dozen bagels is $1.00; there arecosts associated with throwing bagels away. If the manager has 8 dozen bagels left at 6:30 p.m. on a particular day,which of the following alternatives is most attractive?O a.Throw the bagels away and produce 8 fewer dozen bagels tomorrow.O b. Starting tomorrow, lower the price on all bagels so they will all be sold earlier in the day.Lower the price of the remaining bagels, even if the price falls below $1.00 per dozen.O d. Lower the price of the remaining bagels, but under no circumstances should the price fall below $1.00 perdozen.Finish attempt

Here, in the given situation, a bagel shop does not sell any bagel after 7 p.m. and throw the…

Answered: Time left C A bagel shop sells…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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1-18 Katherine D’Ann is planning to finance her college education by selling programs at the football games for State University. There is a fixed cost of $400 for printing these programs, and the variable cost is $3. There is also a $1,000 fee that is paid to the university for the right to sell these programs. If Katherine was able to sell programs for $5 each, how many would she have to sell in order to break even?
Quantity/Output Total Fixed Cost Average Fixed Cost Total Variable Cost Average Variable Cost Total Cost Average Total Cost Marginal Cost (units) (dollars) (dollars) (dollars) (dollars) (dollars) (dollars) (dollars) 0 $50 $0 10 $50 $20 25 $50 $40 45 $50 $60 60 $50 $80 70 $50 $100
Cost, revenue, and profit are in dollars and x is the number of units. Suppose that the marginal revenue for a product is MR = 1800 and the marginal cost is MC = 90Vx + 4, with a fixed cost of $600. (a) Find the profit or loss from the production and sale of 5 units. There is a -Select-- | of $ (b) How many units will result in a maximum profit? units
The table below shows the monthly cost of producing vintage model cars for collectors. Instructions: Enter your answers as a whole number. Fill in the missing values for total fixed cost, total variable cost, and total cost in the table below. Vintage Model Car Production Costs Output 0 100 200 300 400 Total Fixed Cost (dollars) $3,000 3000 3000 3000 3000 Total Variable Cost (dollars) 1,200 1,700 3,700 III Total Cost (dollars) $3,000 5,700
A fruit stand owner rents a stall at the market for $255$⁢255. Each month, the owner spends $295$⁢295 for an accountant’s services and $695$⁢695 on fresh fruit. The fruit stand sells 135135 kilograms of fruit monthly at a price of $8$⁢8 per kilogram. Step 1 of 2: Calculate the fruit stand’s profit or loss. Write the exact answer; do not round. Use a minus sign to show losses if necessary.
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