FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

One of your firm's suppliers discounts prices for larger quantities. The first 1000 parts are $13 each. The next 2000 are $12 each. All parts

One of your firm's suppliers discounts prices for larger quantities. The first 1000 parts are $13 each. The next 2000 are $12 each. All parts in excess of 3000 cost $11 each. What are the average cost and marginal cost per part for the following quantities?

(a) 500

(b) 1500

(c) 2500

(d) 3500

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics

Microeconomics

Authors: Michael Parkin

11th edition

133019942, 978-0133020250, 133020258, 978-0133019940

More Books

Students also viewed these Economics questions

Question

★★★★★
Give systematic (IUPAC) names for the following diols and phenols. (a) (b) (c) (d) HO HO HO HO OH No OH Cl Br

Answered: 1 week ago

Question

★★★★★
LO.9 Differentiate the tax treatment of qualified and nonqualified stock options.

Answered: 1 week ago

Question

★★★★★
compare the factors associated with sickness absence and sickness presence;

Answered: 1 week ago

Question

★★★★★
Researchers are interested in the effect of a certain nutrient on the growth rate of plant seedlings. Using a hydroponics grow procedure that utilized water containing the nutrient, they planted six...

Answered: 1 week ago

Question

★★★★★
If you wanted to create a class of Animals, you could use the following base class: Which selection would create a subclass of Bird with a constructor that takes in the name and number of wings, but...

Answered: 1 week ago

Question

★★★★★
Case 3 $ 289 Net loss (gain)-AOCI, Jan. 1 2018 loss (gain) on plan assets 2018 loss (gain) on PBO Accumulated benefit obligation, Jan. 1 Projected benefit obligation, Jan. 1 Fair value of plan...

Answered: 1 week ago

Question

★★★★★
Add Assigned Service Industry Recent labor productivity, unit labor costs, and related data Employment (thousands) Percent change: INSERT YEARS Labor productivity Unit labor costs Output Hours worked...

Answered: 1 week ago

Question

★★★★★
c). You want to write a simple model to understand some of the determinants of the likelihood of getting unemployed during an upcoming economic recession. Assume you have the following information...

Answered: 1 week ago

Question

★★★★★
In today's increasingly VUCA (Volatile, Uncertain, Complex and Ambiguous) world, it is important for firms to be able to quickly and accurately adapt to shifts in the marketplace or changes in...

Answered: 1 week ago

Question

★★★★★
Concept of Value Chain. The phrase "value chain" refers to all of the commercial activities and procedures that go into making a product or providing a service. A value chain can include all stages...

Answered: 1 week ago

Question

★★★★★
Calculate the following expressing all answers in lowest terms: 1. 777 = 2. 3 3-3 3. Find the first derivative: f(x) = 4x + 7 4. Find the first derivative: h(x) = 2 5. Find the first derivative: g(x)...

Answered: 1 week ago

Question

★★★★★
Discuss how the colonial experience has impacted the following aspects of life in the Caribbean: International Trade The domestic market Employment Work Ethic

Answered: 1 week ago

Question

★★★★★
4. Think of two units of information you have received during the course of the day. Connect these two units of information and try to create completely new information that did not exist in the...

Answered: 1 week ago

Question

★★★★★
5. What do you think is meant by the phrase giving priority to what we already know?

Answered: 1 week ago

Question

★★★★★
2. You are asked to provide information to the board of the company you work for. How would you convey this information if the aim is: a) That they will remember the information for a long time. b)...

Answered: 1 week ago

Previous Question Next Question