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
MrRissso [65]
3 years ago
15

Assume that​ "cost of​ processing" includes all labor and​ materials, including the​ owner's wages. Assume further that​ Isabel'

s family signed a​ long-term contract​ (20 years) with a service company to keep the machines in good repair for a fixed fee of ​$3 comma 650 per​ year, or ​$10 per day. Derive the​ firm's total cost curve. ​1.) Using the multipoint curved line drawing tool​, draw the total cost curve. Properly label your curve.

Business
1 answer:
Vika [28.1K]3 years ago
7 0

Answer:

Check the explanation

Explanation:

In the field of economics, to draw a graph that will show a cost curve of any item will involve the costs of production as a function of the overall quantity that was produced. When there’s a free market economy, productively effective and efficient firms optimize their production procedures by reducing their cost consistent with each potential level of production, thereby resulting into a cost curve.

Kindly check the attached images below to see the full explanation and the graphical presentation of the total cost curve.

You might be interested in
With regards to interpretation, what are the important areas that appear on a cvp graph?.
NeTakaya

The important areas that appear on a CVP graph includes break-even point, loss area, and profit area

<h3>What is CVP graph?</h3>

A Cost volume profit (CVP) graph is a graph that shows the relationship between the cost of production and the overall sales.

In conclusion, the important areas that appear on a cvp graph includes break-even point, loss area and profit area.

Read more about cvp graph

<em>brainly.com/question/26574343</em>

7 0
2 years ago
Suppose the state of Wyoming passes a law that increases the tax on cigarettes. As aresult, smokers who live in Wyoming start pu
fomenos

Answer:

a. People respond to incentives.

Explanation:

Assuming the state of Wyoming passes a law that increases the tax on cigarettes thereby causing smokers who live in Wyoming to start purchasing their cigarettes in surrounding states.

Consequently, an increase in the tax on cigarettes altered the behavior of the smokers in Wyoming, it made them to purchase from neighboring states.

This illustrates or reflect the fact that people respond to incentives.

6 0
3 years ago
Suppose that the U.S. government decides to charge cola producers a tax. Before the tax, 35,000 cases of cola were sold every we
galben [10]
Mark brainlest please


Answer:

The amount of tax will be $3
Tax Burden on consumer is $2
Tax burden on producer ( in case you want to know) will be $1

Check the image below.

Tax is equal to the difference between the price actually paid by the buyer and the price actually received by the seller. Tax= Price paid by buyer-Price received by seller Tax= $8-$5 Tax = $3 Thus the tax computed is $3 per case.

3 0
2 years ago
MC Qu. 128 Leeks Company's product has... Leeks Company's product has a contribution margin per unit of $13.57 and a contributio
Ray Of Light [21]

Answer:

The price of the product is $59

Explanation:

Contribution margin is the net of the selling price and variable cost per unit. Contribution margin ratio is the ratio of contribution per unit to selling price per unit. As given below

Contribution margin ratio = Contribution margin per unit / Selling price per unit

23% = $13.57 / Selling price per unit

Selling price per unit = $13.57 / 23% = $59

3 0
3 years ago
When calculating the future value of multiple cash flows using a spreadsheet, you must:_________
pashok25 [27]

The answer is to calculate the present value of each cash flow and then add the discounted values together.

When calculating the future value of multiple cash flows using a spreadsheet, you must  calculate the present value of each cash flow and then add the discounted values together.

<h3>What is the meaning of cash flow?</h3>

A cash flow is a physical or digital flow of funds.

The phrase "cash flow" is typically used to represent payments that are projected to happen in the future, are thus unknown, and so need to be forecast using cash flows; a cash flow in its restricted sense is a payment (in a currency), especially from one central bank account to another;

A cash flow's time t, nominal quantity N, currency CCY, and account A are what make it up; symbolically, CF = CF (t,N,CCY,A).

However, it is common to use the term "cash flow" in a broader meaning to describe (symbolic) payments into or out of a company, project, or financial product.

Value, interest rate, and liquidity are only loosely correlated with cash flows. A cash flow that will occur on day tN in the future can be changed into a cash flow with the same value on day t0.

To know more about cash flow, visit:

brainly.com/question/15046681

#SPJ4

4 0
1 year ago
Other questions:
  • For a portfolio of 40 randomly selected stocks, which of the following is most likely to be true? a. The beta of the portfolio i
    15·1 answer
  • In your own words explain two functions of a public protector
    10·1 answer
  • 14. Explain why a free market and laissez-faire are opposites of socialism. (free market,
    7·1 answer
  • Producer surplus is equal to
    15·1 answer
  • g An investor has invested $600,000 in a new rental property. Her estimated annual costs are $16,000 and annual revenues are $48
    11·1 answer
  • Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant ra
    7·1 answer
  • The balance sheet value of a firm's inventory is $60,000. Suppose that the firm purchases supplies at a cost of $3,500 and adds
    15·1 answer
  • Which of the following arguments are in favor of active stabilization policy by the government? Check all that apply
    12·1 answer
  • 2 Assume the following data for a country: total population, 500; population under 16 years of age or institutionalized, 120; no
    12·1 answer
  • means violating the rights of a copyright holder, while means taking another person's work and presenting it as your own.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!