The theory and estimation of cost, economics, Microeconomics

The theory and estimation of cost, economics, Microeconomics

Assignment Help:

Write Equations Of Average Total Cost Variable Cost Marginal Cost, Economics
Write equations for total cost, average total cost, variable cost, and marginal cost.

The Central Publishing Company is about to publish its first textbook in managerial economics. It is now in the process of estimating costs. It expects to produce 10,000 copies during its first year. The following costs have been estimated to correspond to the expected copies.

A paper stock $8,000
B typesetting $15,000
C Printing $50,000
D Art (including graphs) $9,000
E Editing $20,000
F Reviews $3,000
G Promotion $12,000
H Binding $22,000
I Shipping $10,000
In addition to the preceding costs, it expects to pay the authors a 13 percent royalty and its salespeople a 3 percent commission. These percentages will be based on the publisher’s price of $48 per book.
Some of the preceding costs are fixed and others are variable. The average variable costs are expected to be constant. Although 10,000 copies is the projected volume, the book sell anywhere between 0 and 20,000 copies.

Related Discussions:- The theory and estimation of cost, economics

Quality of employment , QUALITY OF EMPLOYMENT : Productivity of Emplo...

QUALITY OF EMPLOYMENT : Productivity of Employment In a poor country like India being employed does not by itself necessarily ensure a decent level of living. In 1999-2000 th

Public expenditure trends, Public Expenditure Trends: The expenditure ...

Public Expenditure Trends: The expenditure pattern of the Government sector has been generally guided by the concern about the role of the State in the economy, both as invest

Cardinal utility, what is cardinal utility. Please give an example

what is cardinal utility. Please give an example

Demand and supply components of the sector, The objective of the Government...

The objective of the Government of Mauritius, as announced in the Budget Speech 2007/2008, is to target 2 million tourists by 2015. (a) Critically assess whether the target of

Production having two outputs - economies of scope, Production having Two O...

Production having Two Outputs -Economies of Scope * Economies of scope exist when joint output of a single firm is greater than the output which could be achieved by two diffe

Secondhand smoke globally kills more than 600, Secondhand smoke globally ki...

Secondhand smoke globally kills more than 600,000 people each year, accounting for 1 percent of all deaths worldwide, according to a new study. . . . Researchers estimated th

Determine the four partial elasticities of demand, The demand functions for...

The demand functions for two related commodities are expressed as follows Q 1 = (12P 2 3/4 ) / (P 1 1/2 ) Q 2 = (24P 1 2 ) / (P 2 3/5 ) Where Q 1 and Q 2 are d

Reciprocal demand, what is reciprocal demand?

what is reciprocal demand?

MBA, The market demand for brand X has been estimated as Qx=1500-3Px-0.05I-...

The market demand for brand X has been estimated as Qx=1500-3Px-0.05I-2.5Py+7.5Pz Where Px is the price of brand X, I is per-capita income, Py IS the price of brand Y, and Pz is th

Program spending, Program Spending: Government spending that is undertaken ...

Program Spending: Government spending that is undertaken to provide useful public programs. Program spending includes both transfer payments which are intended to supplement the in

Write Your Message!

Name

Email id

Message

Verfication Code

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!

Submit Assignment

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