Engineering Economy (16th Edition) - Standalone book
16th Edition
ISBN: 9780133439274
Author: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Question
Chapter 2, Problem 56FE
To determine
The units that must be sold in a year for the company to reach a profit value of $60,000 per year.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
Please give an explanation on how to solve this
6
Josh and Alex work as design engineers creating high-end lighting fixtures. After one particularly
enlightened afternoon, they decide to follow their dreams and open a cupcake bakery. Please sort their
various costs, listed below, into the correct category.
Implicit Costs
Not a Cost
Explicit Costs
!
Q
A
N
Ⓒ2
Advertising space taken out
on a social networking website
The money they pay their neighbor's
six year old son to deliver cupcakes
to their customers.
W
S
12
#3
16
80 F3
E
D
X C
$
4
888
F4
R
his previous job designing
The salary Alex earned in
lighting fixtures.
LL
25
%
U
The garage space used
for baking that can no
longer be rented out
to a college student
FS
T
Da
A
6
V B
Y
Supplies like sugar, butter
and baking trays
G H
Ⓒ Previous Check Answer Next Exit
87
&
44
N
17
U
J
*
8
∞
3
14
9
K
→
19
O
1
AA
F10
P
Chapter 2 Solutions
Engineering Economy (16th Edition) - Standalone book
Ch. 2 - An experimental composite engine block for an...Ch. 2 - Prob. 2PCh. 2 - Prob. 3PCh. 2 - Prob. 4PCh. 2 - Prob. 5PCh. 2 - Prob. 6PCh. 2 - Prob. 7PCh. 2 - Prob. 8PCh. 2 - Prob. 9PCh. 2 - Prob. 10P
Ch. 2 - Prob. 11PCh. 2 - Prob. 12PCh. 2 - Prob. 13PCh. 2 - Prob. 14PCh. 2 - Prob. 15PCh. 2 - Prob. 16PCh. 2 - Prob. 17PCh. 2 - Prob. 18PCh. 2 - Prob. 19PCh. 2 - Prob. 20PCh. 2 - Prob. 21PCh. 2 - Prob. 22PCh. 2 - Prob. 23PCh. 2 - Prob. 24PCh. 2 - Prob. 25PCh. 2 - Prob. 26PCh. 2 - Prob. 27PCh. 2 - Prob. 28PCh. 2 - Prob. 29PCh. 2 - Prob. 30PCh. 2 - Prob. 31PCh. 2 - An automobile dealership offers to fill the four...Ch. 2 - Prob. 33PCh. 2 - Prob. 34PCh. 2 - Prob. 35PCh. 2 - Prob. 36PCh. 2 - Prob. 37PCh. 2 - Prob. 38PCh. 2 - Prob. 39PCh. 2 - Prob. 40PCh. 2 - Prob. 41PCh. 2 - Prob. 42PCh. 2 - Prob. 43PCh. 2 - Prob. 44PCh. 2 - A hot water leak in one of the faucets of your...Ch. 2 - Prob. 46PCh. 2 - Prob. 47PCh. 2 - Prob. 48SECh. 2 - Prob. 49SECh. 2 - Prob. 50CSCh. 2 - Prob. 51CSCh. 2 - What is the optimal number of units that should be...Ch. 2 - Prob. 53FECh. 2 - Prob. 54FECh. 2 - Prob. 55FECh. 2 - Prob. 56FECh. 2 - Prob. 57FECh. 2 - Prob. 58FE
Knowledge Booster
Similar questions
- What are diminishing marginal returns as they relate to costs?arrow_forwardWhat is die difference between accounting and economic profit?arrow_forward2. The table below shows a car manufacturer's total cost of producing cars. Review the data provided and answer the questions that follow 国 Q TC TVC AVC AFC ATC MCe $500,000 540,000 e 560,000 e 570,000 e 590,000 e 620,000 660,000 e 720,000 800,000 e 920,000 e 1,100,000 2e 4 to 50 6 ge to 10 For each level of output, calculate the total variable cost [TVC], the average variable cost [AVC), the average fixed cost [AFC], the average total cost [ATC], and the marginal cost [MC]. Show the first calculation for each missing column of data. b. What is this manufacturer's fixed cost? Explain how you derived this. Create a single, well-labeled diagram that shows the manufacturer's AVC, ATC, and MC curves. a. С.arrow_forward
- A company has a production capacity of 1100 units a year and its fixed costs are P60k. The variable cost per unit is P500 & each unit can be sold for P800. What if fixed costs is increased to P75k and the variable costs is reduced by 20%, what is new break-even point in units. A. 198 B. 188 C.178 D. 180arrow_forward4 Long Run Production Capital labor Units Qty $3,000 5 32 outputs % inputs % change - change returns to Scale - $5,000 10 40 100 25 increasing $7,500 12 90 20 125 decreasing $8,000 13 110 8.33 22.22 decreasing $9,000 15 125 15.38 13.636 increasing $11,000 16 130 6.66 4 increasing $11,700 18 320 132 12.5 1.54 increasing 300 280 260 240 220 200 edited 180 160 140 120 100 80 60 For my long run production I wanted to see the different out comes if I my and capital variable After doing so! was able to calculate my output & input % change using the formula (original-new) original Х labor cost per duvet cover 40 20 10 20 30 40 50 60 70 80 90 100 120 130 140 150 160 qty of duvet covers (per month 100arrow_forward3arrow_forward
- 1. In the short term, if your friend has Rp 200,000,000 per week, how many apps is he able to produce? 2. If your friend wants to produce 18 apps per week in the long term, how many programmers (L) dan cloud servers (K) are needed, and what is the total cost?arrow_forwardFor a firm total revenue is 120000, cost of raw materials is 40000, wages of labor 18000, other expenses are 5000, Total implicit cost is 33000.What is accounting profit. Select one: O a. 68000 Ob. 24000 c. 57000 Od. 87000arrow_forwardWhich of the following is an example of a Variable Cost? A. an employee who makes $40,000 a year B. purchasing raw materials when production increases C. making a mortgage payment for building ight © 2003 -2022 International Academy of Science. All Rights Reserved.arrow_forward
- Please help me Thank youarrow_forwardA farmer has 8 hectares of agricultural land. The farmer will plant the land with rice and corn. 3 tons of rice can be harvested from 1 hectare of rice field, while 4 tons of corn can be harvested from 1 hectare of corn field. This farmer wants to get a yield of no less than 30 tonnes. If the cost of planting 1 hectare of rice field is 500 thousand and the cost of planting 1 hectare of corn field is 600 thousand. Then what is the minimum cost that must be incurred by the farmer?arrow_forwardwhy is the working capital productivity in an electronics firm an important factor?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Principles of Economics 2eEconomicsISBN:9781947172364Author:Steven A. Greenlaw; David ShapiroPublisher:OpenStax
Principles of Economics 2e
Economics
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:OpenStax