The slope of a curve is defined as the upper delta upper yδy divided by the upper delta upper xδx . ​(assume the y values are on the vertical axis and the x values are on the horizontal​ axis) suppose your business operates a machine at a cost of ​$250250 per day whether it is used or not plus ​$5050 for each hour it is used. use the line drawing tool to draw the daily cost curve for this machine assuming an 8 hour day. label the curve​ 'cost'.

Answers

Answer 1
Answer:

Explanation:

The cost function for this industry is given by,

TC = FC + VC*Q

TC = $250 + $50(Number of hours used)

When it is used for full 8 hours, total cost is

TC= 250 + 50(8) = 250 + 400 = $650

When it is used for 7 hours, TC is $600.

When it is used for 6 hours, TC is $550

When it is used for 5 hours, TC is $500.

When it is used for 4 hours, TC is $450.

When it is used for 3 hours, TC is $400.

When it is used for 2 hours, TC is $350.

When it is used for 1 hours, TC is $300.

When it is used for 0 hours, TC is $250.


Thus, the cost curve will look like the diagram given below.


Related Questions

Ernesto excels at mathematics and has a keen eye for analyzing information. He is also a skilled communicator and does an excellent job explaining things to other people. Ernesto enjoys using the computer to generate reports to summarize his findings. Which is most likely Ernesto’s job title? -Training Specialist -Data Entry Clerk -Marketing Manager -Business Analyst
Why should you think about your interests when searching for a career?
With a ________ tax, the tax rate decreases as income increases. A.)direct B.)progressive C.)proportional D.)regressive
_______ refers to the value that stockholders or owners have in a company. Assets. Liabilities. Owners' equity. Contra receivables.
explain why Eskom is not a profitable company recently. Motivate your answer by referring to the BHP Billiton's contract with Eskom

We say that the economy as a whole is in macroeconomic equilibrium if A. aggregate expenditure equals GDP.
B. aggregate expenditure equals total production.
C. total spending equals total production.
D. total spending equals GDP.
E. all of the above.

Answers

Answer:

The answer is: E.  all of the above

Explanation:

An economy is in macroeconomic equilibrium when the total spending in the economy (aggregate expenditures) equals the gross domestic product.

For example, if aggregate expenditure is lower than the GDP, then inventories will rise (due to unsold goods), leading to a decrease in the GDP and higher unemployment.

On the other hand, when aggregate expenditures are higher than the GDP, then inventories will shrink, leading to an increase in the GDP and lower unemployment.

SWOT Analysis A SWOT analysis provides organizational strategists with key information and a realistic assessment and understanding of both the internal and external environments. This activity is important because A SWOT analysis is a useful tool in gathering Information about the competitive environment to establish a grand strategy. The goal of this exercise is to challenge your knowledge of SWOT analysis. Select the most appropriate area of the SWOT analysis for each item. 1. The R&D program at the company produces world-class products. Click to select) 2. Our product is targeted to young professionals under 35 years of age. That group is growing. Click to select) 3. The equipment the company owns is last generation and does not have the latest technology, Click to select) 4. There have been several up and coming companies that are beginning to enter our market space. ICR to select 5. Word is that a new highway is being built in the next couple of years, making it easier to transport our products from the factory Cier to select) 6. The employees who work for us are highly skilled and leaders in their field to select) 7. Management does not provide a big budget to support the world-class staff that work for the company Click to select) 8. The company uses a fair amount of short-term debt financed through the bank. Economic projections indicate that interest rates may rise in the future and credit will be more difficult to obtain Click to select) 3

Answers

The most appropriate area of the SWOT analysis for each item is:

1. Strength - The R&D program at the company produces world-class products.
2. Opportunity - Our product is targeted to young professionals under 35 years of age. That group is growing.
3. Weakness - The equipment the company owns is last generation and does not have the latest technology.
4. Threat - There have been several up and coming companies that are beginning to enter our market space.
5. Opportunity - Word is that a new highway is being built in the next couple of years, making it easier to transport our products from the factory.
6. Strength - The employees who work for us are highly skilled and leaders in their field.
7. Weakness - Management does not provide a big budget to support the world-class staff that work for the company.
8. Threat - The company uses a fair amount of short-term debt financed through the bank. Economic projections indicate that interest rates may rise in the future and credit will be more difficult to obtain.

to know more about swot analysis:

brainly.com/question/29766396

#SPJ11

Select all of the choices that will help pay for the costs of college. Student loans
Stewardship
Grants
Scholarship
Installment loans

Answers

student loans , scholarship ,grants , installment loans  are all 

All but stewardships.

Murphy had no stock transactions in 2018​, so the change in​ stockholders' equity for 2018 was due to net income and dividends. If dividends were $ 90 comma 000​, how much was Murphy​'s net income for 2018​? Use the accounting equation and the statement of retained earnings. A. $ 106 comma 000 B. $ 196 comma 000 C. $ 286 comma 000 D. $ 16 comma 000

Answers

answer: your mom gave you money

Final answer:

To find Murphy's net income for 2018, we can use the accounting equation and the statement of retained earnings. Since there were no stock transactions, the change in stockholders' equity is due to net income and dividends. By plugging in the given dividend amount of $90,000, we can calculate that Murphy's net income for 2018 was $180,000.

Explanation:

To find Murphy's net income for 2018, we can use the accounting equation and the statement of retained earnings.

The accounting equation is: Assets = Liabilities + Stockholders' Equity.

Since there were no stock transactions in 2018, the change in stockholders' equity is due to net income and dividends. The formula for the change in stockholders' equity is: Change in Equity = Net Income - Dividends.

We know that dividends were $90,000, so we can plug that into the formula and solve for net income: $90,000 = Net Income - $90,000. Solving for Net Income, we find that Murphy's net income for 2018 was $180,000.

Learn more about Net income calculation here:

brainly.com/question/35177323

#SPJ2

Summerdahl Resort’s common stock is currently trading at $36 a share. The stock is expected to pay a dividend of $3.00 a share at the end of the year D1 $3 00, and the dividend is expected to grow at a constant rate of 5% a year. What is its cost of common equity?

Answers

Answer:

The cost of common equity is 13.33%

Explanation:

current price (Po) = $36

dividend (D1) = $3

growth rate (g) = 5%

let the cost of common equity be r

Po = D1/(r - g)

$36 = $3/(r -0.05)

r = 3/36 +0.05

  = 0.1333

Therefore, The cost of common equity is 13.33%

The change in retained earnings is affected by which of the following? Select one:_________
a. Payment of dividends and common stock.
b. Net income and common stock.
c. Net income and payment of dividends.
d. Net income and paid-in capital.

Answers

Answer:

c. Net income and payment of dividends.

Explanation:

The statement of stockholder's equity comprises common stock and retained earnings. The ending balance after adjustment shown in the attached spreadsheet.  

The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid

And, the ending balance of the common stock = Beginning balance of common stock + issued shares  

Hence, the appropriate option is c.

Final answer:

Retained earnings are affected by the net income and the payment of dividends. Net income can increase retained earnings, while payment of dividends decreases retained earnings.

Explanation:

The change in retained earnings is affected by both net income and the payment of dividends. Option c is the correct choice. Retained earnings refer to the net income that a company keeps after it has paid dividends to its investors. When a company generates net income, it has a choice: it can either distribute these earnings to the shareholders in the form of dividendsor retain them within the company. The money that is kept or 'retained' in the business then becomes part of the 'retained earnings'. Conversely, when a company pays dividends, it decreases its retained earnings.

Learn more about Retained Earnings here:

brainly.com/question/14529006

#SPJ3

Other Questions