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Anton [14]
3 years ago
14

If the total cost of producing 4 units is $150 and the marginal cost of producing the fifth unit is $20, then the total cost of

5 units is ____.
Business
1 answer:
Fed [463]3 years ago
3 0

Answer:

$170

Explanation:

Marginal cost is defined as the cost of adding an additional cost of a product or service.

Total cost is the sum total of the cost of all the product and/or service.

Cost of producing 4 units = $150

Cost of producing the 5th unit = $20

The cost of producing one unit = $150/4

= $37.5

Total cost of producing 5 units =

Cost of producing 4 units + cost of the 5th unit

= $150 + $20

= $170

Cost of producing the 5 units = $170

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The returns of a capital amount to a compensation rate for depositing the money, to calculate these returns an interest rate is used by which the deposited capital is multiplied, in this case the rate is 4%.

As the money distributed is only the product of interest, then that money is the result of multiplying the capital by the interest rate, to obtain how much money Mr. Jefferson contributed, the reverse process will have to be done.

Answers

let <em>C</em> be the capital, then :

C\times4 \%  = 170500\\C\times\frac{4}{100}= 170500\\C=170500\times\frac{100}{4}\\C=4262500

The capital contributed by Mr. Jefferson was <em>$4,262,500</em>

3 0
3 years ago
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Suppose that production for good X is characterized by the following production function, Q = K0.5L0.5, where K is the fixed inp
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Answer:

B). $12

Explanation:

As per the given data, the AFC(Average Fixed Cost) for employing 25 factors of labor and 16 factors of capital would be $12.

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Q = K^{0.5} L^{0.5}

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K = allotted input in short-term

Rental rate of each unit/factor(r) = $15

Wage per factor(w) = $5

As we know, the two inputs are labor, as well as, capital;

To find AFC, we need TC;

so,

TC = (Fixed cost + Variable cost)

TC = (240(15 * 16) + 125(25 * 5) = 365

Thus,

AFC = $ 12

8 0
3 years ago
In order to create a budget, you should _____.
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List your income and your assets and find the total. Iam not really sure that's the answer, but it sounds right.
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Primare Corporation has provided the following data concerning last month’s manufacturing operations.
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Explanation:

                                       Primare Corporation

                                 Cost of Goods Manufactured

Beginning work-in-process inventory                                  $56,000

Manufacturing costs:

Direct materials:                                                  

Beginning inventory                                   $12,000

Purchases                                                    $30,000

Materials available                                      $42,000

Less:  Ending inventory                              -$18,000

Direct materials used                                                             $24,000

Less:Indirect materials included in manufacturing overhead -$5,000

Other manufacturing costs                                                  

Direct labor                                                                     $58,0000

Manufacturing overhead applied to work in process $87,000

Less:  Ending work-in-process                                                  $65,000

Cost of goods manufactured                                                    $155,000

b.                                     Primare Corporation

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Beginning finished goods inventory                                        $35,000

Add: Cost of goods manufactured                                           $155,000

Finished goods available for sale                                             $190,000

Less:  Ending finished goods inventory                                   -$42,000

Unadjusted cost of goods sold                                                  $148,000

Add: Under applied overhead                                                    $4,000

Cost of goods sold                                                                      $152,000

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If the demand for an item increases,what effect will it have an price and quantity? A) price will increase and quantity increas.
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Answer:

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Explanation:

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As per the law of supply, quantity supplied increases as prices rise. Profit motives drive all business establishments. As prices increase due to increased demand, suppliers will be motivated to supply more to take advantage of high prices.

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