- A firm purchased copper pipes a few years ago at $10 per pipe
and stored them, using them only as the need arises. The firm could
sell its remaining pipes in the market at the current price of $9.
What is the
opportunity cost of each remaining pipe and what is the sunk cost? - Assume that the fixed costs for a soybean farm, which include
the costs of land, equipment and fertilizer
is $10,000 per year and that labor is the only variable cost of running the farm. And assume that the firm
pays each worker $2,000 a month. The productivity of labor is shown in the following table.
Amount of Labor
(Person months)
Total Output
(bushels)
0 0
1 5
2 14
3 27
4 36
5 44
6 48
7 51
8 52
9 54
10 54
Bases on the information above, complete the following table and graph AVC, ATC and MC (A graph
produced by excel is preferable.)
Q
( bushels)
TFC
($)
TVC
($)
AFC
($)
AVC
($)
ATC
($)
MC
($)
5
27
44
51
54 - As a member of a local advocacy group for low-income families,
you have been placed in charge of
organizing a one-day seminar on welfare reform. The costs for the event are as follows:
Rent for auditorium: $5,000
Faculty: $2,500
Breakfast: $10 per person
Luncheon: $15 per person
Materials: $25 per person
Advertising: $1,500
a) What are the average variable costs of the seminar?
b) What are the fixed costs of the seminar?
c) Based on past events, you expect that 100 people will attend the seminar. What price should you charge
each attendee so that the seminar breaks even? (Hint: to break even, price must equal the average
total cost. It is different from the shut-down decision where price need to be at least as high as
average variable cost.)
d) To encourage more young people to get involved, your supervisor suggests charging students a
discounted rate. You decide to have students pay only the marginal costs of their attendance. What
price should you charge students to attend the seminar?
SOURCE: allaplusessays.com
All A+ Essays – PLACE YOUR ORDER HERE:
https://allaplusessays.com/order
Havent found the Essay You
Want?
We Can Assist
The Paper is Written from Scratch
Specifically for You
- Confidentiality & Authenticity Guaranteed
- Plagiarism Free Content Guarantee
- All A+ Essays Guarantee Timely Delivery of All Papers
- Quality & Reliability
- Papers Written from Scratch and to Your Instructions
- Qualified Writers Only
- All A+ Essays Allow Direct Contact With Your Writer
- Using allaplusessays.com Means Keeping Your Personal Information Secure
- 24/7 Customer Support
WHY allaplusessays.com
GET QUALITY ESSAY HELP AT: https://allaplusessays.com/order
ORDER A PAPER WRITTEN FROM SCRATCH AND TO YOUR EXACT INSTRUCTIONS (allaplusessays.com – For 100% Original Content)
Prior to beginning work on this discussion, be sure to read the required articles for this week.
Addictions come in many forms and almos...
sys admin test do not bid sys admin test do not bid sys admin test do not bid ...
Discuss systolic murmurs to include characteristics, location and radiation, diagnostic tests, special considerations, management, and education fo...
Assignment + Section9.3.4(which will be useful in some question)
8.2 Define the cross-correlation functi...
human health and how it impacts us as well. DOCUMENTARY RESPONSEI just need a 1-2 page double spaced MLA format reaction to the video ...
Complete 150-word response to the question:Explain the differences between active leadership and reflective leadership. What are the settings or co...
I need help creating a thesis and an outline on Ellen Schall and the Department of Juvenile Justice. Prepare this assignment according to the guide...
Revise your slides from components 1 and 2 as needed in response to your instructor’s feedback and then work on...
Can Vaccines Cause Autism? ShouldGenetically Modified Foods Be Regulates? ...
1. Why is conducting a performance appraisal so difficult for managers? How can these difficulties be overcome? Your response shou...
1, How would one define business intelligence (BI)? Identify and briefly discuss a real-world application of BI?
2, Please cite an...
Word Bank reference acostarse afeitarse cepillarse ducharse irse lavarse levantarse maquillarse ponerse quitarse secarse vestirse ...
Other samples, services and questions:
Calculate Price
When you use PaperHelp, you save one valuable — TIME
You can spend it for more important things than paper writing.
