A manufacturer hires temporary workers in its production plant to produce electric cars. The fixed costs are
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Question:
A manufacturer hires temporary workers in its production plant to produce electric cars. The fixed costs are $300,000 for the depreciation of the facility and $80,000 for utilities. The only variable cost is $20 per hour of labor hired. The production of each car requires 50 hours of labor. Currently, the market price of the electric car is $20,000.
TR (Total revenue) = _____Q + ______
Total Costs (TC)= _____Q + ______
Total Profit = TR-TC= _______Q - ______
Average profit= _________ -________/Q
Marginal Profit= _____
Related Book For
International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
Posted Date: