1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Tema [17]
3 years ago
14

Slider owns a hamburger restaurant. Slider's minimum average variable cost is $ 10 at a quantity of 100 hamburgers, and his mini

mum average total cost is $ 15 at a quantity of 200 hamburgers. His total fixed cost is $ 300 . Use this information to answer the questions.
a. What is Slider's AVC when he sells 200 hamburgers?

b. At a quantity of 25 hamburgers, the average total cost curve is:


i. below average variable cost.

ii. decreasing.

iii. There is not enough information or none of the other answers is correct.

iv. increasing.
Business
1 answer:
kati45 [8]3 years ago
4 0

Answer:

1. $13.5

2. iv. increasing.

Explanation:

1. Average variable cost

Total cost = Average cost × Quantity

= 200 × $15

= $3,000

Variable cost = Total cost - Fixed cost

= $3,000 - $300

= $2,700

So,

Average variable cost = Variable cost ÷ Quantity

= $2,700 ÷ 200

= $13.5

2. The quantity of hamburgers is 250 hamburgers the total curve is increasing.

Note :- we assume 250 hamburgers instead of 25 hamburgers because it is misprint.

You might be interested in
Give an example of a strong manager and an organization that you worked with in the past or presently.
hjlf
Tacobell and I had a amazing manager named big john!
3 0
2 years ago
As the contestant with the longest winning streak in the history of Jeopardy, Ken Jennings won more than $2.5 million. Suppose h
aleksandrvk [35]

Answer:

Total amount = $10906400

He would receive = $ 45443.33 every month

Explanation:

Ken invested $1.6 million at 9.6% for 20 yes compounded monthly.

n = 20*12= 140

t = 20

P= 1600000

R= 9.6% = 0.096

Amount A is equal to

A = p(1+r/n)^(nt)

A =

1600000(1+(0.096/140))^ (140*20)

A =

1600000(1 + (6.857*10^-4))^(2800)

A= 1600000(1.0006857)^2800

A = 1600000*6.8165

A = 10906400

Every month, he will get

10906400/(12*20)

= 10906400/240

=$ 45443.333

8 0
2 years ago
Read 2 more answers
How did Apple become successful?
UNO [17]

Answer:1 reason Apple has been so successful can be traced to Steve Jobs. When Apple first went public in 1980, it was worth about $100 million under the leadership of Jobs, who left Apple in 1985. ... When he rejoined in 1997, he faced the task of restructuring an organization that was on the brink of bankruptcy.

Explanation:

3 0
2 years ago
On July 1, Stan, a steel manufacturer, telephoned Byron and offered to sell Byron six carloads of steel at $600 a ton. Byron sai
Viktor [21]

<u>Explanation:</u>

In the given case it is valid contract as there is time, promise, benefit and obligation to do thing. But verbal contracts are difficult to prove. Stan and Byron have a verbal contract which is a promise for 10 days and the contract has exchange of goods for $600. Offer is made by Byron but the acceptance is not yet given by Stan.

Here only the offer is made and it is not yet accepted by Byron. here Stan has revoked the offer through letter so the revoke has been communicated to the other party through letter. So in this case there is no breach of contract as the contract was clearly revoked by Stan through his letter.

7 0
3 years ago
The application of quantitative techniques, such as statistics and computer simulations, to management is called _____ managemen
Dafna11 [192]

Answer:

quantitative management

Explanation:

Quantitative management -

It is the method by which mathematical and computer technologies are taken into consideration , in order to filter out the financial statistics to select the stocks , is referred to as quantitative management.

The model is very basic to use as once it is established can be used easily.

Hence, from the given statement of the question ,

The correct term is quantitative management.

5 0
3 years ago
Other questions:
  • According to the Zippo standard, websites that provide information but do not provide the opportunity to conduct online transact
    5·1 answer
  • The shortest type of distribution channel is called a _____.
    12·1 answer
  • Which of these are characteristics of successful entrepreneurs?(select four answers)
    6·1 answer
  • Select the correct text in the passage.
    7·1 answer
  • How would you convince somebody your mature? Describe in complete sentences
    8·2 answers
  • LoRider Wheels sells high-quality bicycles and accessories. The store is known for a pleasant environment, friendly salespeople
    9·1 answer
  • Your boss would like your help on a marketing research project he is conducting on the relationship between the price of juice a
    10·1 answer
  • Yesterday, you entered into a futures contract to sell €62,500 at $1.50 per €. Your initial performance bond is $1,500 and your
    13·1 answer
  • Alpine Energy Corporation has 1,500,000 shares of $40 par common stock outstanding. On August 2, Alpine Energy declared a 4% sto
    7·1 answer
  • Seamus dropped out of school as a 16-year-old and needs to support himself, though he has few skills. He is a part-time employee
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!