Total profit of the firm

Assignment Help Business Economics
Reference no: EM137533

Q. The production department of a firm reported the following information for the month of May 2005.

Rs.
Wage Bill 20,000
Value of raw materials 60,000
Interest 6,000
Fuel Consumption 10,000
Rent 4,000
Units of output produced 2,000

Calculate
(i) Average cost
(ii) Average variable cost
(iii) What would be the total profit of the firm if it sells the entire output at a cost of Rs. 60 per unit?

Reference no: EM137533

Previous Q& A

  Describe the type of common chemical hazards

Assess your local environment, either in your home, town, or region. Describe the type of common chemical hazards that are present in your local environment, similar to those illustrated in the Tox Town interactive. Include any related current events..

  Effects on equilibrium cost

Effects on equilibrium cost as well as quantity when wages for all dental assistants enhance, increasing the expenses of inputs.

  Examine the social, ethical, and economic impact

Imagine your boss has decided that all phone calls, e-mails, and other communications will be recorded and monitored. What assumptions is the boss making about the employees? Is such monitoring justified morally? Is it a good idea as a management too..

  Brewery is considering two potential production

A brewery is considering two potential production investments.

  Different market structures

Among different market structures, which one do you believe provides the highest possible return for a new company as well as why.

  Support the essay with citations of sources

Consider the uses of cloning presented in this chapter. Which types do you believe should be allowed? Write an essay explaining those and why you feel they should be allowed. Who do you believe should decide what cloning is allowed.

  Simple linear regression

Are the assumptions the same as under a simple linear regression. What does TSLS imply about the data if a strong F is found.

  Efficiency implication of this policy

Iran subsidizes gasoline, leading to a cost to consumers that is one-fifth the market cost.

  The current resources are being utilized effectively

In the under border control it was mentioned that most areas of the northern border are inaccessible to traditional patrols. Most of the focus is towards the south, potentially leaving the northern border much more vulnerable than other areas. Do you..

  How many cups he drinks

How big would that budget have to be before he would spend a dollar buying a first cup of coffee.

Reviews

Write a Review

 

Similar Q& A

  Law of variable proportions

What is the difference between a production function and an quant. Explain the law of variable proportions with the help of quant.

  What occurs when a new technology makes another one obsolete

Explain what occurs when a new technology makes another one obsolete in terms of economic profit.

  Monetary authority of singapore

Explain how the MAS have successfully used exchange rate policy to achieve price stability for the last two decades.

  Analysis of caribbean economic state

Alex's Furniture Mart produces and sells tables in a perfectly competitive market. When Alex's Furniture Mart produces and sells 250 tables.

  Maximize payoff

If Professor P chooses x and s to maximize her utility subject to the constraint that Mr. A is willing to work.

  Non-attendance of a price floor

Under what situation would Gore be better off giving Bush a head start on putting mutually his presidential ticket.

  Reduce poverty in brazil

Could trade help reduce poverty in Brazil and other developing countries. How do product and factor prices and wages eventually equalize between the two countries.

  Opportunity cost funds interest

Assuming that your opportunity cost funds interest rate is 5% which refrigerator would you buy and why.

  Inflation is repudiation

The two economies are so far apart that they don't share ideas and each evolves as a separate roomer economy.

  Population variances

While the population variances are unknown, we will assume they are equal.

  Labor and capital costs

If each test provides$6 net marginal revenue before labor and capital costs, is expansion advisable? Show all your work and explain your answer well.

  Sample correlation coefficient

Find the 90% confidence interval for the compensation of a year when the productivity is 85 and interpret the C.I.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd