Which software should you purchase in orderto save money in the long run, X or M?SatisfactionNot Satisfied55% • $0$6,000Software X45% • $18,000Software M$12,00095% • $0SatisfactionNot Satisfied5% • $2,000

Given:- Two Softwares X and M with their values being $6000 and $12000. To determine:- which…

Which software should you purchase in order to save money in the long run, X or M? Not Satisfied $6,000 Software X 45% • $18,000 Software M $12,000 Satisfaction Not Satisfied 95% • $0 5% • $2,000

Which software should you purchase in order to save money in the long run, X or M? Not Satisfied $6,000 Software X 45% • $18,000 Software M $12,000 Satisfaction Not Satisfied 95% • $0 5% • $2,000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Which software should you purchase in order
to save money in the long run, X or M?
Satisfaction
Not Satisfied
55% • $0
$6,000
Software X
45% • $18,000
Software M
$12,000
95% • $0
Satisfaction
Not Satisfied
5% • $2,000

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Output (unit) Total cost (RM) Total fixed cost (RM) Total variable cost (RM) Average fixed cost (RM) Average variable cost (RM) Average total cost (RM) Marginal cost (RM) 0 600 600 - - - - - 10 1050 600 450 60 45 105 45 20 1450 600 850 30 42.5 72.5 40 30 1800 600 1200 20 40 60 35 40 2100 600 1500 15 37.5 52.5 30 50 2450 600 1850 12 37 49 350 60 2850 600 2250 10 37.5 47.5 40 70 3300 600 2700 8.57 38.57 47.14 45 80 3850 600 3250 7.5 40.625 48.125 55 90 4500 600 3900 6.67 43.34 50 65 100 5250 600 4650 6 46.5 52.5 75 Which time period is the firm operating? Why?
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 $100
Based on your current quatities and costs, can you still sell a hamburger for 2.00$ and make a profit?
Subject - account Please help me. Thankyou.
Price and cost (dollars per client) 100.00 90.00 MC 80.00 ATC 70.00 60.00 50.00 40.00 30.00 20.00 10.00 D MR + 4 8 10 Quantity (clients per day) 2.