total cost of 1940s hotel $200k-800k furnishing near 1880s park and theater questions

Questions

3. Give short answers to the following questions, based on your understanding of the common shapes...

3. Give short answers to the following questions, based on your understanding of the common shapes of cost curves:

a. Where will the marginal cost curve cross the average cost curve, and why?

b. Will the total cost curve tend to flatten out or to slope up more steeply on the right? Why?

c. Why are total costs and marginal costs not usually shown on the same graph together?

d. What are the underlying economic reasons that short-run average cost typically slope down and then up?

e. Will average variable costs usually be above or below average cost—or will it sometimes be one and sometimes the other? Explain.

In: Economics

Round any decimals to 2 decimal places. Suppose that there is natural monopoly that faces a...

Round any decimals to 2 decimal places.

Suppose that there is natural monopoly that faces a demand curve Q=100-P with total cost function C(Q)=400+15Q.

The profit maximizing quantity for the natural monopolist, in the presence of an average cost pricing rule is _______ units.

The profit maximizing price that will set by the monopolist that will be set in the presence of an average cost pricing rule is $______

The average total cost per unit at the profit maximizing level of output in the presence of an average cost pricing rule is $_______

The profit for the natural monopolist under the average cost pricing rule, given they set the profit maximizing price and level of output, is $_______

In: Economics

The above table gives the quantity of output and the total cost for a perfectly competitive firm that can sell all of its output at $9 per unit

Quantity (units)	Total cost (dollars)
0	3
1	6
2	12
3	21
4	33
5	49

The above table gives the quantity of output and the total cost for a perfectly competitive firm that can sell all of its output at $9 per unit

a) Find the profit maximizing level of output for this firm.

(Show your work and explain). (3 points) (world limit: 100)

b) How much economic profit is the firm making?(Show your work and explain) (3 points) (world limit: 100)

In: Economics

A perfectly competitive firm has a short-run total cost function given by: TC = 10 + 2q + 2q2, where q is the amount produced.

Use the following to answer questions (5) and (6):

A perfectly competitive firm has a short-run total cost function given by: TC = 10 + 2q + 2q², where q is the amount produced. Accordingly, the firm’s marginal cost is given by: MC = 2 + 4q; while its average variable cost is given by: AVC = 2 + 2q. Suppose the market price equals 10.

[5] In order to maximize profit, this firm should produce ___ units.

2
4
10
None of the above

[6] Producing the profit maximizing quantity, this firm earns a profit equal to:

-10
-2
-1
4

In: Economics

demand p=20-q total cost =20+q+q^2 find price ,quantity, and profit for a monoplist firm price ,quntitiy,...

demand p=20-q

total cost =20+q+q^2

find

price ,quantity, and profit for a monoplist firm

price ,quntitiy, and profit for purely commpetitive firm

In: Economics

Abreviated Income Statement $thousands, except EPS 31-Dec-20 31-Dec-19 Total Revenue 1,743,641 781,963 Cost of Goods...

Abreviated Income Statement
$thousands, except EPS
	31-Dec-20	31-Dec-19
Total Revenue	1,743,641	781,963
Cost of Goods Sold	431,725	278,433
Gross Profit	1,311,916	503,530
Operating Expenses	68,470	52,402
Operating Income	1,243,446	451,128
Interest & Taxes	453,190	293,537
Net Income	790,256	157,591
EPS, 50,000,000 shares outstanding	15.81	3.15

(Round all answers to two decimals, i.e. 12.00)

a) Calculate the degree of operating leverage (DOL). Blank 1

b) Calculate the degree of financial leverage (DFL). Blank 2

c) Calculate the degree of combined leverage (DCL). Blank 3

What do the degree of operating leverage (DOL, degree of financial leverage (DFL), and degree of combined leverage (DCL) You obtained in the previous question mean? Explain fully using your results.

In: Accounting

PYTHON CSV: OrderDate Region Rep Item Units Unit Cost Total 9/1/2014 Central Smith Desk 2 125...

***PYTHON***

CSV:

OrderDate	Region	Rep	Item	Units	Unit Cost	*Total*
9/1/2014	Central	Smith	Desk	2	125	250
6/17/2015	Central	Kivell	Desk	5	125	625
9/10/2015	Central	Gill	Pencil	7	1.29	9.03
11/17/2015	Central	Jardine	Binder	11	4.99	54.89
10/31/2015	Central	Andrews	Pencil	14	1.29	18.06
2/26/2014	Central	Gill	Pen	27	19.99	539.73
10/5/2014	Central	Morgan	Binder	28	8.99	251.72
12/21/2015	Central	Andrews	Binder	28	4.99	139.72
2/9/2014	Central	Jardine	Pencil	36	4.99	179.64
8/7/2015	Central	Kivell	Pen Set	42	23.95	1,005.90
1/15/2015	Central	Gill	Binder	46	8.99	413.54
1/23/2014	Central	Kivell	Binder	50	19.99	999.5
9/27/2015	West	Sorvino	Pen	76	1.99	151.24

		Mean		48.97619	20.3086	443.0819
		Median		51.5	4.99	255.84
		Mode		7	4.99	449.1

Using Python and Pandas complete the following questions:

Import the CSV in python
Create a new variable (column), which is the ratio of Unit Cost divided by Total. Title this variable Cost Total Ratio.
Print the new variable values.

The CSV data is provided above. Please use pandas and python for this question and provide the code.

In: Computer Science

12.The table below shows cost data for a firm operating in a perfectly competitive market: Price...

12.The table below shows cost data for a firm operating in a perfectly competitive market:

Price ($ per unit)	Quantity (units)	Total cost ($)
50.00	0	10.00
50.00	1	20.00
50.00	2	27.50
50.00	3	77.50
50.00	4	147.50
50.00	5	250.00

What is the firm’s total revenue when four units are produced?

		$160
		$50
		$200
		$40

14.If a perfectly competitive firm is earning positive profits, then

		its average total cost must be higher than the market price.
		its total revenue must be higher than its total cost.
		its avearge total cost must be higher than its average revenue.
		its price must be greater than its marginal revenue.

15.In the short run, the fixed costs of a firm

		must be paid regardless of level of output.
		should be strongly considered in deciding whether to shut down production.
		are zero when quantity produced is zero.
		must be higher than variable costs for the firm.

16.In the short run, the fixed costs of a firm

		can sometimes be avoided in the short run.
		are irrelevant in deciding whether to shut down production.
		are equal to zero when quantity produced is zero.
		are all the costs it incurs when it produces some positive quantity

In: Economics

Basil Bakal is the newly appointed food and beverage director at Telco Industries. Telco creates and...

Basil Bakal is the newly appointed food and beverage director at Telco Industries. Telco creates and markets software apps developed for use with iPods. The company has 500 employees and operates its own cafeteria and executive dining room, where it daily offers free lunches to all employees. Basil’s employee cafeteria serves between 375 and 425 lunches per day. Approximately 50 more meals per day are served in the executive dining room. Basil has created his own modified version of a P&L for use in his operation. Calculate the percentages of meals served in the employee cafeteria and executive dining room and the costs per meal served, and then answer the questions that follow.

Telco Industries Food Services Department
	Meals Served Last Year	% of Total Meals Served
NUMBER OF MEALS SERVED
Cafeteria	104,250	89.6%
Executive Dining Room	12,150	10.4%
Total Served	116,400	100.0%
	Total Cost $	Per Meal Cost $
COST OF SALES
Cafeteria	$248,750	$2.39
Executive Dining Room	48,450	$3.99
Total Cost of Sales	297,200	$6.37
LABOR
Management	73,332
Staff	171,108
Employee Benefits	61,110
401(k) Match	25,350
Total Labor
PRIME COST
OTHER CONTROLLABLE EXPENSES
Direct Operating Expenses	113,515
Utilities	96,000
General & Administrative Expenses	46,669
Repairs & Maintenance	21,510
Total Other Controllable Expenses

In: Accounting

Part 3 USB Inc. predicted 2018 variable and fixed costs are as follows: Company budgeted for:...

Part 3
USB Inc. predicted 2018 variable and fixed costs are as follows:				Company budgeted for:	43,200	Units
		Variable costs	Fixed costs
	Manufacturing	734,400	172,800
	Selling and Administrative	216,000	60,500
	Total	950,400	233,300

USB Inc. produces a wide variety of computer interface devices. Per unit
manufacturing cost information about one of these products, a high-capacity flash drive is as follows:

	Direct material	$6
	Direct labor	8
	Variable Manufacturing Overhead	3
	Fixed Manufacturing Overhead -allocated per unit	4
	Total manufacturing costs	$21

The following is the variable selling and administrative costs for the flash drive:				$5

Management has set a 2018 target profit on the flash drive of:				$200,000

Required: Make sure you show your work or use cell references for all calculations. You will not earn credit if you just type in your answer.

1. Determine the markup percentage on total variable costs required to earn the desired profit-46%

2. Use the variable cost markup you determined in #1 above to determine a suggested selling price for a flash drive. You are determining selling price per unit.

Selling price is based on total variable cost plus markup from #1 above.

Total variable cost per unit

Markup above total Variable cost

Selling price per unit

In: Accounting