Homework Answers
2) a) Q* = 10,000
B) Q* = 10,000
C) Q = 10,000
P = $ 70
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Question 2 (of 6) Submit Save & Exit 2. value 0.33 points As in Worked-Out Problem...
Chapter 9 Profit Maximization instructions I help Question 4 (of 7) d i 6 Save &...
Chapter 9 Profit Maximization instructions I help Question 4 (of 7) d i 6 Save & Exit Submit 4. value: 0.28 points A price-taking firm's variable cost function is VC = 203, where Q is its output per week. It has a sunk fixed cost of $4,000 per week. Its marginal cost is MC = 602 a. What is the firm's supply function when the $4,000 fixed cost is sunk? Instructions: Enter your answer as a whole number. Q =...
1. Let the market demand curve be P=1000 - 10Q. Assume the market is controlled by...
1. Let the market demand curve be P=1000 - 10Q. Assume the market is controlled by a monopolist. Let fixed cost be $10,000 and Marginal Costs (MC)=20Q. a) What is the profit maximizing output? b) What is the monopolist's total revenue at the profit maximizing output? c) How much profit is the monopolist earning? d) Assume the government breaks up the monopolist in order to create a perfectly competitive market of identical firms. Assume the MC curve is now the...
Question 82 Not yet answered Points out of 1.oo Remove flag Scenario 14-2 Assume a certain firm is producing Q 1,000 units of output. At Q 1,000, the firm's marginal cost equals S20 and its avera...
Question 82 Not yet answered Points out of 1.oo Remove flag Scenario 14-2 Assume a certain firm is producing Q 1,000 units of output. At Q 1,000, the firm's marginal cost equals S20 and its average total cost equals $25. The firm sells its output for S30 per unit. Refer to Scenario 14-2. To maximize its profit, the firm should Select one: a. shut down. b. decrease its output but continue to produce. C. increase its output. O d. continue...
Question 34 Let Q = quantity produced, P = selling price per unit, VC = variable...
Question 34 Let Q = quantity produced, P = selling price per unit, VC = variable cost per unit, and TFC = total fixed cost. Which of the following equations is correct? Profit = Q × (P – VC) + TFC a. Profit = Q × (P – VC) - TFC Profit = Q × (P – VC – TFC) Profit = Q × (P – VC + TFC) 2.85714 points Question 35 The Hancock Corp. plans to sell its...
Ch 06 Ex 6-3 Submit Help Save & Exit Check my work 1 Sims Company, a...
Ch 06 Ex 6-3 Submit Help Save & Exit Check my work 1 Sims Company, a manufacturer of tablet computers, began operations on January 1, 2019. Its cost and sales Information for this year follows 10 points Manufacturing costs Direct materials 35 per unit Direct labor Overhead costs 55 per unit Variable 30 per unit $7,350, eee (per year) eBook Fixed Selling and administrative costs for the year 750, eee $4,75e,eee Variable Fixed Hint Production and sales for the year...
Response Questions Part A ToB A) Fill out 2 boxes for Total job cost (per unit)...
Response Questions Part A ToB A) Fill out 2 boxes for Total job cost (per unit) and Gross profit (per unit) below More Info * More Info - X Lounge Lizard allocates manufacturing overhead at a rate of $11 per direct labor hour. Lumber: 48 units at $4 per unit Padding: 13 yards at $18 per yard Upholstery fabric: 31 yards at $29 per yard Holly Pulsifer: 14 hours at $10 per hour Elizabeth Dickerson: 19 hours at $22 per...
HOMEWORK 3 CHAPTER3 Question 5 [of 5) Save & Exit Submit 3.80 points Angie Silva has...
HOMEWORK 3 CHAPTER3 Question 5 [of 5) Save & Exit Submit 3.80 points Angie Silva has receniy opened The Sandal Shop in Brisbane, Australia, a store that specializes in fashionable sandals. Angie has just received a degree in business and she is anxious to apply the principles she has leamed to her business. In time, she hopes to open a chain of sandal shops. As a first step, she has prepared the following analysis for her new store: 096 224...
Finish attempt Queston 2 Marked out of 5.00 Not complete PRag question Variable and Absorption Costing During its f...
Finish attempt Queston 2 Marked out of 5.00 Not complete PRag question Variable and Absorption Costing During its first year, Walnut, Inc., showed an $14 per-unit profit under absorption costing but would have reported a total profit $16,000 less under variable costing, if production exceeded sales by 1,000 units and an average contribution margin of 62.5 % was maintained, what is the apparent a. Fixed cost per unit? per unit 0 b. Sales price per unit? per unit c. Variable...
**Only [Harder] Question** Problem 2. Consider a firm that has a cost function of c(y) =...
**Only [Harder] Question** Problem 2. Consider a firm that has a cost function of c(y) = 5y 2 + 50, 000. In other words, this is a firm with a fixed cost of $50,000 (which might be something like the cost of rent on the firm’s building, which they have to pay whether they produce any output or not) and a variable cost of $5Y 2 , (which we’ll think of as the cost of the labor and machinery necessary...
Question 6 (of 19) 10.00 points Problem 11-3 Scenario Analysis [LO2 Sloan Transmissions, Inc., has the...
Question 6 (of 19) 10.00 points Problem 11-3 Scenario Analysis [LO2 Sloan Transmissions, Inc., has the following estimates for its new gear assembly project price # $3,000 per unit variable costs $800 per unit, fixed costs $1.8 million; quantity 90,000 units. Suppose the company believes all of its estimates are accurate only to within 120 percent. What values should the company use for the four variables given here when it performs its best-case scenario analysis? what about the worst-case scenario?...
Chapter 9 Profit Maximization instructions I help Question 4 (of 7) d i 6 Save & Exit Submit 4. value: 0.28 points A price-taking firm's variable cost function is VC = 203, where Q is its output per week. It has a sunk fixed cost of $4,000 per week. Its marginal cost is MC = 602 a. What is the firm's supply function when the $4,000 fixed cost is sunk? Instructions: Enter your answer as a whole number. Q =...
Question 82 Not yet answered Points out of 1.oo Remove flag Scenario 14-2 Assume a certain firm is producing Q 1,000 units of output. At Q 1,000, the firm's marginal cost equals S20 and its average total cost equals $25. The firm sells its output for S30 per unit. Refer to Scenario 14-2. To maximize its profit, the firm should Select one: a. shut down. b. decrease its output but continue to produce. C. increase its output. O d. continue...
Ch 06 Ex 6-3 Submit Help Save & Exit Check my work 1 Sims Company, a manufacturer of tablet computers, began operations on January 1, 2019. Its cost and sales Information for this year follows 10 points Manufacturing costs Direct materials 35 per unit Direct labor Overhead costs 55 per unit Variable 30 per unit $7,350, eee (per year) eBook Fixed Selling and administrative costs for the year 750, eee $4,75e,eee Variable Fixed Hint Production and sales for the year...
Response Questions Part A ToB A) Fill out 2 boxes for Total job cost (per unit) and Gross profit (per unit) below More Info * More Info - X Lounge Lizard allocates manufacturing overhead at a rate of $11 per direct labor hour. Lumber: 48 units at $4 per unit Padding: 13 yards at $18 per yard Upholstery fabric: 31 yards at $29 per yard Holly Pulsifer: 14 hours at $10 per hour Elizabeth Dickerson: 19 hours at $22 per...
HOMEWORK 3 CHAPTER3 Question 5 [of 5) Save & Exit Submit 3.80 points Angie Silva has receniy opened The Sandal Shop in Brisbane, Australia, a store that specializes in fashionable sandals. Angie has just received a degree in business and she is anxious to apply the principles she has leamed to her business. In time, she hopes to open a chain of sandal shops. As a first step, she has prepared the following analysis for her new store: 096 224...
Finish attempt Queston 2 Marked out of 5.00 Not complete PRag question Variable and Absorption Costing During its first year, Walnut, Inc., showed an $14 per-unit profit under absorption costing but would have reported a total profit $16,000 less under variable costing, if production exceeded sales by 1,000 units and an average contribution margin of 62.5 % was maintained, what is the apparent a. Fixed cost per unit? per unit 0 b. Sales price per unit? per unit c. Variable...
Question 6 (of 19) 10.00 points Problem 11-3 Scenario Analysis [LO2 Sloan Transmissions, Inc., has the following estimates for its new gear assembly project price # $3,000 per unit variable costs $800 per unit, fixed costs $1.8 million; quantity 90,000 units. Suppose the company believes all of its estimates are accurate only to within 120 percent. What values should the company use for the four variables given here when it performs its best-case scenario analysis? what about the worst-case scenario?...
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