Answer:
a. To produce at minimum average total cost, the firm must produce more output than it would need to produce at the minimum average variable cost.
Explanation:
The total cost of a firm minimizes when a firm produces more units. Variable cost of a firm is lower when there is more output produced. The average total cost includes the average fixed cost also for which output should be more so that total fixed cost is divided to the produced units resulting in lowest possible per unit cost.
Answer:
2.75x + 3.25y = 172.50 ... Equation 1
x + y = 60 ... Equation 2
Explanation:
Where x = number of pineapple smoothies and
y = number of mango smoothies
Also given that, cost of pineapple smoothies = $ 2.75
and cost of mango smoothies = $ 3.25
The total sales made by the company is the addition of the sum made from mango smoothies and pineapple smoothies.
Total amount made from pineapple smoothies = cost of pineapple smoothies × number of pineapple smoothies sold
= 2.75 × x
= 2.75x
Total amount made from mango smoothies = cost of mango smoothies × number of mango smoothies sold
= 3.25 × y
= 3.25y
Therefore where total sales = $172.50
2.75x + 3.25y = 172.50
Also, since there were 60 cups used in all. Where a cup is used for a smoothie,
x + y = 60
Therefore the equations representative of the situation are
2.75x + 3.25y = 172.50
and
x + y = 60
Answer:
Their average hourly productivity as a team for chicken breasts will be
45.
Explanation:
Here, it is given that Mike and Tom debone chicken breasts for Ted' chicken company.
Mike debones 30 chicken breasts,
Meanwhile Tom is having his own experience in this work and knows how to calculate the hourly work
So, Tom allows Mike to debone only 60 chicken breasts per hour.
Now its mentioned that both Tom and Mike had worked 40hrs per week.
So, their average hourly productivity as a team will be:
⇒ 45
So, their average hourly productivity as a team for chicken breasts will be 45.
The free enterprise system can produce unfavorable effects when they reduce competition and protect inefficient competitors.Also,results are annoying when costs of legal intervention are greater than benefits for the consumers.
I hope it helps.
Thank you
Answer:
C) 38,000
Explanation:
The estimated warranty liability for 2017:
= [2016 sales x (first + second year warranty costs)] + [2017 sales x (first + second year warranty costs)] - (warranty expenses for 2016 and 2017)
= [$600,000 x (2% + 5%)] + [$800,000 x (2% + 5%)] - ($20,000 + $40,000)
= $42,000 + $56,000 - $60,000 = $38,000
