The cost structure of a manufacturer of micro- chips is described in the table that follows. The
Question:
The cost structure of a manufacturer of micro- chips is described in the table that follows. The firm's fixed costs equal $10,000 per day. Calculate the average variable cost, average fixed cost, and average total cost at each output level.
Transcribed Image Text:
Output (microchips per day) 0 25 50 75 100 125 150 Total Cost of Output ($ thousands) 10 60 95 150 220 325 465
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The cost structure of a manufacturer of microchips is described in the following table. The firm's fixed costs equal $10 per day. Calculate the average variable cost, average fixed cost, and average...
-
The following is a comparison of the cost structure of a conventional manufacturing technology (CMT) system with that of a flexible manufacturing system (FMS) at one U.S. firm: (a) The firms marginal...
-
The following CVP income statements are available for Blanc Company and Noir Company. Instructions (a) Compute the break-even point in dollars and the margin of safety ratio (round to 3 places) for...
-
O 00:29:33 4. Let an be a convergent series and b, be a soquence such that 0 <2+ a, < b Which of the following statements are true? 10 I) The convergence or divergence of cannot be concluded. Im (2+...
-
Explain why water cools (its temperature drops) when it evaporates, using the concepts of latent heat and internal energy.
-
In Problem 9.44, what is your statistical decision if t STAT = -1.15? In Problem 9.44 In a one-tail hypothesis test where you reject H 0 only in the lower tail, what is the critical value of the t...
-
Renkas Heaters selected data for October 2017 are presented here (in millions): Calculate the following costs: 1. Direct materials inventory 10/31/2017 2. Fixed manufacturing overhead costs for...
-
Sherlock Holmes began operations as a private investigator on January 1, 2014. The trial balance columns of the worksheet for Sherlock Holmes, P.I., Inc. at March 31 are as follows. Other data: 1....
-
To solve this model economy, we reformulate the competitive equilibrium into the social planner's problem. First of all, in social planner's problem, all markets must clear, and thus N = Nd = N, and...
-
The diagram displays short-run cost curves for a facility that produces liquid crystal display (LCD) screens for cell phones: Costs (dollars per LCD screen) 10.101 10.07 10 0 99 100 Output (LCD...
-
For the firm discussed in Problem 22-4, the total cost of producing 249 units was $12,425. What was the marginal cost incurred by the firm in producing the final tablet device that month? Problem...
-
Calculate the free energy change for this reaction at 25 C. Is the reaction spontaneous? 2 Ca(s) + O2(g) 2 CaO(s) 1269.8 kJ; .Sixn -364.6J/K , xn
-
Using the data below from a market, describe which of these segments would be more valuable to pursue and why. Name Volume This year Average annual Growth Rate this year Average Annual Growth Segment...
-
Consider schedules S1 and S2. For each schedule answer these questions and complete the following table. a. ) Is the schedule conflict-serializable? Why? What is the equivalent serial schedule? b....
-
fashion is the subculture topic Define the individual members and their identity: 1What are the characteristics of the members of the subgroup? Describe them, in detail. 2 What is the social identity...
-
Let f(x) = x + mx + 1 and g (x) = x + 3x +n. h (x) = f (x) + g(x). The points (1, 1) and (-1, 9) satisfy the function h (x). Find the values of m and n.
-
1 Description CSV is a very simple text-based format that represents tables of data: Every row is on its line Every column value is separated by a comma. For example, the table 1 3410 2 2 3 4...
-
Discuss how a corporation records the declaration of a property dividend.
-
The manager for retail customers, Katie White, wants to hear your opinion regarding one business offer she has received from an entrepreneur who is starting a mobile phone app called Easy Money. The...
-
Assuming that the policy is valid, does Matlins situation fall within the terms of the disability policy? Provident Insurance, Inc., issued an insurance policy to a company providing an employee,...
-
If Matlin is covered by the policy but is also disqualified by his misrepresentation on the application for coverage, might the insurer still be liable for bad faith denial of coverage? Explain....
-
Adia owns a house and has an elderly third cousin living with her. Adia decides she needs fire insurance on the house and a life insurance policy on her third cousin to cover funeral and other...
-
What is the purpose of normalization in databases? Provide some facts about database normalization. Identify the areas that you are struggling with. explain thoroughly your answers.
-
A database is an organized collection of data, generally stored and accessed electronically from a computer system. Define the following types of database? Relational database , Database...
-
Explain the significant manner in which business rules impact both database normalization and the decision to denormalize database tables.
Study smarter with the SolutionInn App