Unit 8 econ HW 1

 Unit almost 8 econ HW 1 Essay

BU224 Device 8 Assignment Template:

Name: Gina Orlando

Training course Number: BU224

Section Number: Unit almost 8

Unit Quantity: - almost eight

Date: 11/8/14

---------------------------------- Standard Instructions for a lot of Assignments----------------------------------- 1 . Unless particular differently because of your course instructor, save this kind of assignment design template to your laptop with the next file identifying format: Study course number_section number_LAST_FIRST_ unit quantity

2 . Near the top of the template, insert the appropriate data: Your Name, Training course Number, Section Number and Date

three or more. Insert the answers listed below, or in the appropriate space provided for inside the question. The answers ought to follow the APA format with citations on your sources and, at the bottom of the last page, a list of references. Your answers should also be in Common English with correct transliteration, punctuation, sentence structure, and style (double spaced, during times New Roman, 12-point, dark font). React to questions in a thorough manner, providing particular examples of ideas, topics, definitions, and other elements asked for in the questions.

4. Supply a list of recommendations at the end from the last page of your project.

5. Publish the accomplished assignment towards the appropriate dropbox.

6. Any questions regarding the job, or structure questions, must be directed to the course teacher. ------------------------------------------- Job Competencies -----------------------------------------

In this assignment, you will embark on developing the subsequent career expertise:

Analyzing Quantitative Data

------------------------------------------- Assignment -------------------------------------------

The associated table shows a boat manufacturer's total cost of producing boats.

Quantity of Ships

Total Price

0

bucks 450, 000

one particular

$ 490, 000

2

bucks 510, 1000

three or more

$ 520, 000

4

money 540, 500

a few

$ 570, 000

6

bucks 610, 000

several

$ 670, 000

8

money 750, 500

being unfaithful

$ 870, 000

1 . What is this manufacturer's fixed expense?

The fixed cost is $450, 1000.

2 . For every level of end result, calculate the variable cost (VC). For every level of end result except absolutely no output, estimate the average varying cost (AVC), average total cost (ATC), and average fixed expense (AFC). Qty of motorboats

Total Cost

Variable Costs

a.

Normal Variable Costs

b.

Common Total Costs

c.

Average Fixed Cost

d.

0

$450, 1000

-

-

-

--

1

490, 000

$40, 000. 00

$40, 000. 00

$490, 000. 00

$450, 000. 00

two

510, 1000

$60, 500. 00

$30, 000. 00

$255, 1000. 00

$225, 000. 00

3

520, 000

$70, 000. 00

$23, 333. 00

$173, 333. 00

$150, 1000. 00

4

540, 000

$90, 000. 00

$22, 500. 00

$135, 500. 00

$112, 500. 00

5

570, 000

$30, 000. 00

$6, 000. 00

$114, 000. 00

$90, 1000. 00

6th

610, 500

$120, 500. 00

20 dollars, 000. 00

$101, 666. 00

$75, 000. 00

7

670, 000

$220, 000. 00

$31, 428. 00

$95, 714. 00

$64, 285. 00

eight

750, 500

$300, 500. 00

$37, 500. 00

$93, 750. 00

$56, 250. 00

9

870, 000

$420, 000. 00

$46, 666. 00

$96, 666. 00

$50, 000. 00

3. What is the minimum-cost outcome?

The minimum price output is 8 automobiles

four. Joe Brown's dairy operates in a perfectly competitive marketplace. Joe's machinery costs $500 every day and is the only fixed type. His variable costs will be comprised of the wages paid out to the few workers this individual employs with the dairy plus the grain this individual feeds to his dairy products cows. His cost composition is shown on the associating table

Gallons of Milk

FC

VC

TC

MC

AVC

ATC

0

$500

--

$500

-

--

-

1000

500

$2, 100

2, 600

$2. 15

$2. 10

$2. sixty

2000

500

$2, 200

2, 700

$0. 10

$1. 10

$1. thirty-five

3 thousands

500

$2, 900

3, 400

$0. 75

$0. 97

$1. 13

four thousand

500

$3, 680

4, one hundred and eighty

$0. 78

$0. 92

$1. 05

5000

500

$5, 180

5, 680

$1. 40

$1. 04

$1. 13

5. a. Precisely what is the break-even price?

The break even price is if the proft collection is none negative or positive, resulting in 0. Thereofre the break even price is $1. 50.

four. b....

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