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Complete the following cost schedule: Instructions: Enter your responses rounded to two decimal places
Complete the following cost schedule:
Instructions: Enter your responses rounded to two decimal places. Indicate a negative response with a (-) negative sign.
|
Quantity |
0 |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
|
Total cost |
$9 |
$12 |
$16 |
$21 |
$30 |
$40 |
$52 |
$66 |
|
ATC |
----- |
|
|
|
|
|
|
|
|
MC |
----- |
|
|
|
|
|
|
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Assuming the price of the product is $12, complete the following schedule.
Instructions: Enter your responses rounded to two decimal places. Indicate a negative response with a (-) negative sign.
Assuming the price of this product is $12, at what output rate is
Instructions: Enter your response as a whole number.
(a) Total revenue maximized?
(b) ATC minimized?
(c) Profit per unit maximized?
(d) Total profit maximized? (Choose the highest level of output.)
2)Refer to the “In the News” below:
|
In the News: Ford to Shutter Australian Plants |
|
Ford announced yesterday it intends to close its engine plant in Geelong and its assembly plant by October 2016. Ford's losses from the two plants have amounted to nearly $600 million in the last five years. Last year alone it lost about $140 million. Ford explained that rising costs have made it impossible to continue production. About 1,500 workers will lose their jobs.
Source: Ford Australia news release of May 23, 2013. |
Were the costs of maintaining Ford's Australian plants more or less than $140 million per year?
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