Estimate the selling price and profit, Cost Accounting

Assignment Help:

Slash and Burn is a monopolist that can sell its output at these prices and with these total costs:

                   Output             Price        Total Cost

                     4                    $27                 $28

                     5                      26                   34

                     6                      25                   42

                     7                      24                   52

                     8                      23                   64

                     9                      22                   88

                    10                      21                 105

                    11                      20                 125

                    12                      19                 148

                    13                      18                 174

                    14                      17                 204

a)   What level of output will Slash and Burn choose to produce? What will the selling price and profit be?

b)   Suppose that Slash and Burn produced at the level that a perfectly competitive industry would, with marginal cost equal to price. What would be the output, price and profit?


Related Discussions:- Estimate the selling price and profit

Calculate the total transportation cost, The sunshine tomato soup shippers ...

The sunshine tomato soup shippers produce tomato soup at three west coast canneries in Bakersfield, phoenix, and Eugene. The soup is shipped to four regional warehouses. Due to hig

Evaluate the cost structure, The project (using the tools and techniques gi...

The project (using the tools and techniques given in Chapters 3, 8, 10, 11, and 12 of the textbook) and its subsequent report are based on the complete economic analysis of a compa

Compute the cost per unit, Fosson Furniture uses a process cost system to a...

Fosson Furniture uses a process cost system to account for its chair factory. Beginning inventory consisted of 5,000 units (100% complete as to material, 55% complete as to labor)

Assumptions of break even analysis, ASSUMPTIONS OF BREAK EVEN ANALYSIS ...

ASSUMPTIONS OF BREAK EVEN ANALYSIS 1. Fixed costs for all time remain constant. 2. All costs are divided into fixed and variable costs. 3. Selling price will not alter de

Cost Classification, What are the importance of cost classification

What are the importance of cost classification

General ledger, Jp Rhodes started a bowling club called " bowl them over". ...

Jp Rhodes started a bowling club called " bowl them over". The following transactions took place 4 March 2012. 1. Bowling LTD transferred R20 000 bank account of the club as an in

Draw the demand curve of marginal benefit, The total demand (marginal benef...

The total demand (marginal benefit) curve for visiting Yosemite is as follows: Price = 5000-10*NumberOfTrips -10*TonsOfVisibleTrash. a. Suppose the quantity of trash=100 tons. D

Cost units - terms used in cost accounting, Cost Units - Terms Used in Cost...

Cost Units - Terms Used in Cost Accounting It is the quantitative units of the service or product in relation to those costs are ascertained. The cost unit will be determined

Write Your Message!

Captcha
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