A Toyota plant has fixed costs of $300 million and variable costs of $540 million. If it

Question:

A Toyota plant has fixed costs of $300 million and variable costs of $540 million. If it produces 60,000 cars, how much is the average total cost of producing one car?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Managerial Economics A Problem Solving Approach

ISBN: 978-1133951483

3rd edition

Authors: Luke M. Froeb, Brian T. McCann, Mikhael Shor, Michael R. War

See More Books

Question Posted: Mar 21, 2018 05:17 AM

See More Questions

A company that produces 10,000 units has fixed costs of $300,000, variable costs of $50 per unit, and a sales price of $85 per unit. After learning that its variable costs will increase by 20...
Is it possible for the average total cost curve to decline if the marginal cost curve is rising? Explain your answer.
The average variable cost curve and the average total cost curve get closer to each other as output increases. What explains this convergence?
Comprehensive variance analysis review. Sonnet Inc. has the following budgeted standards for the month of March 2010: Sales of 2,000,000 units are budgeted for March. Actual March results are: Unit...
Use Castiglianos theorem to verify the maximum deflection for the uniformly loaded beam of Appendix Table A97. Neglect shear.
Give an example of an unacceptable behavior maintained by a negative reinforcement contingency and show how you might get rid of the bad behavior by substituting a more acceptable alternative escape...
For each of the following situations, calculate the $z$-statistic $(z)$. a. $\mathrm{X}^{-}=14.00 ; \mu=11 ; \sigma=6 ; N=36$ b. $\mathrm{X}^{-}=7.00 ; \mu=8 ; \sigma=3 ; N=9$ c....
Shop Rite Services is ready to prepare its financial statements for the year ended December 31, 2012. The following information can be determined by analyzing the accounts: 1. On August 1, 2012, Shop...
You are considering an investment in Justus Corporation's stock, which is expected to pay a dividend of $ 2 . 5 0 a share at the end of the year ( D 1 = $ 2 . 5 0 ) and has a beta of 0 . 9 . The risk...
It has been suggested that people who reach top management positions (chief executive officers, chief financial officers, etc.) are, on average, taller than those people who stay at mid level...
Pam's Pretzels has a production function shown in the following table. It costs Pam's Pretzels $80 per day per worker. Each pretzel sells for $3. QUANTITY OF LABOR _____________________QUANTITY OF...
A utility company might offer electrical rates based on time-of-day consumption to decrease the peak demand in a day. Enough customers need to accept the plan for it to be successful. Suppose that...
Factorise: a. x 2 + 4x b. 2x 2 + 6x c. x 2 + 11x + 24 d. x 2 + 8x + 12 e. x 2 + 3x 40 f. x 2 8x + 12 g. x 2 + 5x + 6 h. x 2 2x 24 i. x 2 3x 10 j. x 2 + x 20 k. 2x 2 + 5x + 2 l. 3x 2 + 10x 8...
Discuss strategies in selecting and adopting various electronic payment methods in developing versus developed countries .?
BMP has many functions in development. Describe two of these functions, including when and where they act in the developing nervous system.
Describe a business that employs a focus strategy as their competitive model? Why is it important to conduct due diligence when researching supplier markets? What are the implications of a...
According to Managing Change Control to Comply with FDA and EU Regulations article, In the manufacturing environment, change refers to any modification in: Answer:
the integrated program management report (IPMR) data item description (DID) requires that cost and schedule variances are explained in Format 5. What are three (3) pieces of information that should...
Figure Q19.19 shows two circuits which contain the same circuit elements, but the positions of the resistors are interchanged. Will that affects the current? Justify your answer using Kirchhoff?s...
Vince, Inc. has developed and patented a new laser disc reading device that will be marketed internationally. Which of the following factors should Vince consider in pricing the device? I. Quality of...
Given the waveform in figure, determine if the trigonometric Fourier coefficient an has zero value or nonzero value, and why. a. ?n = 0 for n even due to half-wave symmetry b. ?n = 0 for all n due to...
Determine the first three nonzero terms of the voltage v o? (t) in the circuit in figure. If the input voltage v s (t) is given by the expression. a. 8.54 cos (2t + 26.57 o ) + 4.63 cos (4t + 14.04 o...
Given the waveform in figure, describe the type of symmetry and its impact on the trigonometric Fourier coefficient bn. a. bn = 0 for n even due to odd symmetry; bn is nonzero for n odd b. bn is...
PART A (Retained Earnings Statement) January 1, Retained Earnings Beginning Balance 2021 Income before income tax 1 $2,340,000 Prior period adjustment: understatement of 2020 depreciation expense...
There are 3 source and 4 destinations, For the data below, construct an initial feasible solution. Cost Destination 1 Destination 2 Destination 3 Destination 4 Supply Source 1 12 18 9 11 105 Source 2...
A company is using Dynamics 3 6 5 Project Operations. You acquire an independent software vendor ( ISV ) solution from AppSource that contains several project charts and install the solution in the...

A Toyota plant has fixed costs of $300 million and variable costs of $540 million. If it

Question:

Step by Step Answer:

Total cost fixed cost var...View the full answer

Managerial Economics A Problem Solving Approach

Students also viewed these Corporate Finance questions