Q: What is the avg variable cost of the second unit produces? Quantity total cost 0 20 1 25 2 35 3 50
A: Total Cost is the sum of fixed cost and variable costs. Total Cost=Total Fixed Cost+Total Variable…
Q: Gomez runs a small pottery firm. He hires one helper at $12000 per year, pays annual rent of $5000…
A: Accounting profit is the net profit of a firm which is total revenue minus explicit costs. Economic…
Q: easha Pratt will graduate from high school next month and cannot decide what she wants to do. She…
A: Economic decisions are those decisions in which people will choose what to do with limited…
Q: what is cost and revenue analysis?
A: Cost refers to the money payment made to the factors of production which are involved in the…
Q: EXAMPLE 1.2 Consider the following data of a company for the year 1997: Sales = $ 1,20,000 Fixed…
A: Given the information: Sales = $120000FC = $25000VC = $45000 In order to find the contribution,…
Q: from the given data Q = 100, P=$12, ATC = $10, AVC = $4. find Average fixed cost and Total Profit…
A: Cost(C) refers to the monetary and non-monetary expenditure(E) incurred by a producer on the factor…
Q: Carson used $800 000 of their savings to open a coffee shop. The savings account paid 2% interest.…
A: We know that the economic profit is the difference between the total sales revenue of output and the…
Q: C) Video Productions sells DVD for $60. The variable cost per DVD is $36, and the fixed costs per…
A: Given:Price of each DVD=$60Variabl cost=$36Fixed cost=$120,000
Q: capital and $162 million on materials. The firm's factory sits on land owned by the firm that could…
A: An economic profit is the difference between the revenue a commercial entity has received from its…
Q: Total Cost Fixed Cost Variable Marginal Cost Average Fixed Cost Average Variable Average Total…
A: The average variable cost (AVC) is the total variable cost per unit of output. This is found by…
Q: Calculate explicit cost given:- Accounting profit = $6600 Total revenue= $10,000
A: The data presented in the question above is:- Accounting profit = $6600 Total revenue= $10,000 Using…
Q: Refer to the information provided in Table below to answer the question that follow. Number of…
A: Total cost is the total expenditure incurred by the producer in the production process. Marginal…
Q: 5) If the profit maximizing quantity is 50, the average revenue (AR) is $6 and the average total…
A: Answer: (5). Given, Profit maximizing quantity = 50 Average revenue (AR) = $6 Average total cost…
Q: Cost of buying tomato plants are 20 cents each and a farmer sells them for 50 cents each. His fixed…
A: Fixed cost = 69 euro Variable cost = 0.20 euro/plant sales price = 0.50 euro/plant
Q: Instructions: Fill - up the vacant table. Given is as follows: Week Sales ( $1,000) Four-week Moving…
A: Introduction Sales of 9 week has given. 4 moving average has calculated as = add the sales of…
Q: 1 If your accounting profit is $60,000, much is your economic profit? If your revenue during the…
A: Accounting profit is the net income for a company, which is revenue minus expenses. Economic profit…
Q: antity Total Cost Marginal Cost Fixed Cost Variable Cost Average Variable Cost Average Total Cost…
A: TC = FC + VC VC = TC - FC MC = (TC2 - TC1)/(Q2 - Q1) AVC = VC / Q ATC = TC / Q
Q: Which budget expense and financial activity are correctly matched? O Fixed expense: $800 monthly…
A: A Cost is defined as an expenditure which is required to produce or sell a good. There are different…
Q: In 2012, Sid was a law professor and earned $80,000 per year. But he got tired of teaching law…
A: Initial earning of Sid=80,000 Revenue= $240,000 Value of saving bonds= $70,000 Interest rate= 6%…
Q: 5. In multiproduct situations, when sales mix shifts toward the product with the highest…
A: Calculating the break-even point in a multi-product context is more complicated, and it's normally…
Q: 20) Economic profits a) are equal to total revenue minus fixed costs b) are equal to the direct…
A: Economic profits refer to the amount a firm receives after the deduction of explicit and implicit…
Q: Marc is paid on a graduated commission scale. For the first $10,000 of sales his commission is…
A: There are various schemes being offered by various organisations in order to increase the sale…
Q: | cost of producing 590 gadgets is --- the average total cos adgets.
A: The average total cost of producing 590 gadgets and the average total cost of producing 510 gadgets.…
Q: Calculate Total revenue if average revenue is $15 and output is 1000
A: The information being given is:- Average revenue = $15 Output = 1000 We have to calculate the total…
Q: The average cost is $13 and the output pro- duced is 10 units Calculate total cost
A: The information being given is:- Average cost = $13 Output = 10 units Total cost = ?
Q: In 2012, Sid was a law professor and earned $80,000 per year. But he got tired of teaching law…
A: Given : Total Revenue for his Law Business ($) = $240,000
Q: What are the types of quantitative and subjective methods used in evaluating and control the…
A: Quantitative procedures are advantageous since they require less time to implement than subjective…
Q: AVC AFC Quantity
A:
Q: The total cost to produce hundred motors bikes is $1000. Calculate the average cost of producing the…
A: Given information: Total number of motorbikes = 100 Total cost of production = $1000
Q: Calculate accounting profit given:- Total revenue = $3000 Explicit cost = $3000
A: Answer: Accounting profit: accounting profit refers to the difference between the total revenue and…
Q: Assume you are selling pizzas at $3 per pizza Your fixed costs (rent, salaries, and utilities) are…
A: At Break Even Point, total revenue is equal to total cost. A firm neither earns profit nor incur…
Q: Average Verage Fixed Average Variable Fixed Variable Total Total Margin Output Costs 10 Costs 60…
A: in the given question only output and total cost are only given, for the remaining parts following…
Q: 6. A company produces x units of product A and y units of product B (both in hundreds per month).…
A: We are given we can find partial derivative with respect to x
Q: Kim Hanson has just finished his first year as owner and manager of a new restaurant. His revenues,…
A: Answer - Thank you for submitting the question but we are autorized to solve three sub parts…
Q: 3. The annual revenue at Sunshine Restaurant in 2019 was $1,500,000. The fixed costs were $182,000…
A: The total cost incurred by a firm includes fixed costs and variable costs. Fixed costs are the costs…
Q: An air conditioner outlet finds that if it sells x air conditioners per month, its costs will be C…
A: All the parts have been solved below.
Q: at is the net cost of sales for food and beverage? Indicate dollar and percentage cost. d: $354,000…
A: Computation of Net Cost Of Sales for Food Particular Amount ($) Beginning Inventory (food)…
Q: Calculate total revenue given:- Profit = $500 Total cost = $1100
A: The data presented to us is:- Profit = $500 Total cost = $1100 Using this we have to find total…
Q: A group is planning its annual fund-raiser in which it raises money by selling pasta dinners. The…
A: A firm's profit is equal to its total revenue adjusted for total costs. All economic activities are…
Q: 1. List the explicit costs and then list the implicit costs . Be sure to properly LABEL them so that…
A: The key motive that drives the firms to operate in a market is profit. Profit is the difference…
Q: year to rent the location and buy the merchandise. In addition, he would have to quit his $63000 per…
A: A economic benefit or loss isthe distinction between the income got from the offer of a yield and…
Q: year, and the other was for $90,000. However, she turned both jobs down to continue a painting…
A: here we calculate the accounting profits and economic profits by following method
Q: Fixed Variable Total Marginal Average Fixed Average Variable Cost Average Total Quantity Cost Cost…
A: At zero quantity total quantity is 150 so the fixed cost is 150 throughout the production. Total…
Q: (pizzas per hour) Cost Cost Cost Cost Fixed Variable Cost Revenue Revenue (dollars (1) (2) (3) Cost…
A: Fixed cost is independent of output produced.
Q: Calculate accounting profit given:- Total revenue = $4500 Explicit cost = $4500
A: Given: Total Revenue = $4500 Explicit Cost = $4500
Q: A B Celine's Scooter Supply Ltd. Quarterly Income Statement Units Sold Price per Unit Total Revenue…
A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…
Q: %3D A company makes solar panels. The company's revenue function, in dollars, is R(n)=10n, where n…
A: We are going to answer these questions using maximization method and using Solver function in excel…
Q: Jaynet spends $30,000 per year on painting supplies and storage space. She recently re a job offer…
A: ANSWER STEP-1 Accounting profit and Economic profit may be calculated as follows:…
Calculate profits given:-
Total revenue = $10,000
Total cost = $7700
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Solved in 2 steps
- Calculate total revenue given:- Profit = $500 Total cost = $1100Calculate the value of total revenue if total cost is $6500 and profits are $800Cost Analysis A company manufactures fuel tanks for cars. The total weekly cost (in dollars) of producing X fuel tanks is given by.. C(x) = 10000 +90x - 0.05x² %3D Find the exact cost of producing the 501st item. (Round to the nearest 2 decimal places, if needed) HINT: Steps to fiınd actual or exact (cost/revenue/profit) 1. Find the cost of x = 5003B 2. Then find the cost of x = 501%3; 3. Then subtract ASUS 3 近
- The figure shows graphs of the total cost function and the total revenue function for a commodity. (Assume cost and revenue are measured in dollars.) 500 400 300 200 100 میرا 10 20 30 (a) Label each function correctly. function A -Select- function B -Select- (b) Determine the fixed costs. (c) Locate the break-even point. A B 40 50 60 Determine the number of units sold to break even. units (d) Estimate the marginal cost MC and marginal revenue MR. MC = MR-Awesome in cursive fix cost of dollar 4000 and variable cost of dollar 10000 and its total sales receipts are $15000. Determine actual profit.accounting profit by Weplit costs wn $160,000 and implick costs are $72,000, economic profit is
- The change in fotal costjof proaucCuọn as the output or total product of the business is expanded is: LATHE Marginal cost (b) The Total variable cost (c) Average variable cost (d) Average fixed costbased on the information in the table what is marla's profit margin? total revenue-$1,400total cost- $900average cost- $7fixed cost-$700quantity-200. A call center in India used by U.S. andU.K. credit card holders has a capacity of1,400,000 calls annually. The fixed cost ofthe center is $775,000 with an averagevariable cost of $2 and revenue of $3.50 percall.(a) Find the percentage of the capacitythat must be placed each year tobreak even.