The only variable input a janitorial service firm uses to clean offices is workers who are paid
Question:
The only variable input a janitorial service firm uses to clean offices is workers who are paid a wage, w, of $16 an hour. Each worker can clean four offices in an hour. Use math to determine the variable cost, the average variable cost, and the marginal cost of cleaning one more office. Draw a diagram like Figure 6.1 to show the variable cost, average variable cost, and marginal cost curves.
Figure 6.1
Transcribed Image Text:
4 400 VC 216 B 120 48 8 10 Quantity, q, Units per day 60 MC АС 39 AVC 20 8 AFC 6. 8. 10 Quantity, q, Units per day Cost, $ e Cost per unit, $ 3
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 81% (11 reviews)
To solve the problem presented we will calculate the variable cost VC average variable cost AVC and marginal cost MC for cleaning offices by a janitor...View the full answer
Answered By
Mario Alvarez
I teach Statistics and Probability for students of my university ( Univerisity Centroamerican Jose Simeon Canas) in my free time and when students ask for me, I prepare and teach students that are in courses of Statistics and Probability. Also I teach students of the University Francisco Gavidia and Universidad of El Salvador that need help in some topics about Statistics, Probability, Math, Calculus. I love teaching Statistics and Probability! Why me?
** I have experience in Statistics and Probability topics for middle school, high school and university.
** I always want to share my knowledge with my students and have a great relationship with them.
** I have experience working with students online.
** I am very patient with my students and highly committed with them
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Managerial Economics And Strategy
ISBN: 9780134899701
3rd Edition
Authors: Jeffrey M. Perloff, James A. Brander
Question Posted:
Students also viewed these Business questions
-
A company hired 10 temporary workers who are paid hourly and you are given a data file that contains the last name of the employees, the number of hours each employee worked in a week, and the hourly...
-
According to the interest parity condition, domestic interest rates are equal to foreign interest rates plus the expected appreciation of the foreign currency. a) Explain why the interest parity...
-
Assume a free-floating exchange rate. Draw a diagram like Figure 25.6, only this time show an initial equilibrium national income with a balance of payments surplus. (a) Mark the size of the surplus....
-
The income statement information for 2010 and 2011 of the Connor Company (a sole proprietorship) is as follows: Required Fill in the blanks labeled (a) through (g). All the necessary information is...
-
Water at 120oC with a quality of 25% has its temperature raised 20oC in a constant volume process. What is the new quality and pressure?
-
List Shewharts two types of variation. What are they also called?
-
1 can you recognise the differences in national cultures identified by Hofstede?
-
Two items are omitted in each of the following four lists of income statement data. Determine the amounts of the missing items, identifying them byletter. igl Sas0,000 Sales Seles returns and...
-
problem 5.6 the other part a. 5-7. Using the answers to Problem 5-6 and the market value information below, prepare market-based financial statements. The Farmers purchased pelleted feed for $2,000...
-
Heavenly Chocolates manufactures and sells quality chocolate products at its plant and retail store located in Saratoga Springs, New York. Two years ago the company developed a website and began...
-
Trader Joes sells very cheap and popular wine produced by Bronco Wine (Hayley Peterson, The Real Reasons Trader Joes Wine Is So Cheap, Business Insider, May 6, 2017). When asked why the wine is so...
-
The Mini-Case Adverse Selection and Remanufactured Goods reports that, for electronic goods sold on eBay, higher seller feedback scores reduce the price differential between new goods and...
-
The purpose of a purchase ledger control account is to ensure that: (a) All errors in the writing up of the purchases system are detected. (b) Most errors in the writing up of the purchases system...
-
What type of corporate governance does Uniqlo utilise? (e.g. Agency Relationships, Ownerships Concentration, Membership of the Board of Directors (insiders, related outsiders, outsiders)). What type...
-
Air at a dbt (dry bulb temprature) of 30 C and a relative humidity of 30% is conveyed through a heated dryer where it is heated to a dbt of 80 C. Then it is conveyed through a bed of granular pet...
-
Do you think McDonald's entry strategy was appropriate for the Indian market? Explain there strategy according to Indian market.
-
Please do detailed market strategy and target market for this device as described below. the target area is east African market. "Safe locater" is a company that will be formed committed to develop...
-
how do you define technical performance measures(TPM)? what are the key differences between design department parameters (DDP) andTechnical performance measures (TPM). References if possible
-
Majestic Equipment Sales Company, which sells only on account, had a $120,000 balance in its Accounts Receivable and a $4,200 balance in its Allowance for Doubtful Accounts on December 31, 2019....
-
Citing a scientific article, explain in your own words, how DNA fingerprinting has been used in forensic science to solve crimes and why it may not always be accurate or effective.
-
A firm charges different prices to two groups. Would the firm ever operate where it was suffering a loss from its sales to the low-price group? Explain.
-
Does a monopolys ability to price discriminate between two groups of consumers depend on its marginal cost curve? Why or why not?
-
Spensers Superior Stoves advertises a one- day sale on electric stoves. The ad specifies that no phone orders are accepted and that the purchaser must transport the stove. Why does the firm include...
-
XF Ltd. Is an expanding private company in the electric trade. Accounts preparing in January 2019 included the following information: Profit Statement for the year ended 31 st December 2018 Kshs.000...
-
Check On June 15, 2021, Sanderson Construction entered into a long-term construction contract to build a baseball stadium in Washington D.C., for $340 million. The expected completion date is April...
-
Q.1 Bassem Company purchased OMR420,000 in merchandise on account during the month of April, and merchandise costing OMR $350,000 was sold on account for OMR 425,000. Required: 1. Prepare journal...
Study smarter with the SolutionInn App