Question
Question 1: Costs and Production Below is the Information, 1) I need the Chart filled in completely. First. Then a) Graph the relationship between L
Question 1: Costs and Production
Below is the Information,
1) I need the Chart filled in completely. First.
Then
a) Graph the relationship between L and Q
b) Suppose Maria charges $50 per order and delivery. What is the maximum propit she can earn? How many meals does the business have to deliver to earn the highest possible profit?
c) What is the shutdown price of Maria's Business?
d) What is the Breakeven of Maria's Business?
Suppose that Maria is starting a food ordering and delivery company. Customers order meals online. Employees prepare the meals and deliver them to customers. Maintenance of the online platform for ordering meals costs the company $5 per day. The company also rents space where orders are prepared. Rent costs $50 per day. To make the deliveries, the business also rents two delivery cars that cost $10 each per day. The costs of ingredients for preparing different numbers of meals are provided in the table below. Maria also has to hire between 0 and 10 workers (depending on the number of meals she chooses to make) to buy ingredients, prepare meals, and deliver the orders. She will pay each employee $120 per day . The first two columns of the table below show how many meals different number of workers can prepare e deliver. Workers (Labor L) Meals (Output Q) MPL FC Cost of ingredients VC TC AFC AVC ATC MC TR Profit Profit per meal 0 0 - $10 1 30 $75 2 42 $100 3 52 $121 4 60 $138 5 67 $152 6 73 $165 7 79 $177 8 85 $189 9 90 $199 10 95 $210
| Question 1: Costs and Production Below is the Information, 1) I need the Chart filled in completely. First. Then a) Graph the relationship between L and Q b) Suppose Maria charges $50 per order and delivery. What is the maximum propit she can earn? How many meals does the business have to deliver to earn the highest possible profit? c) What is the shutdown price of Maria's Business? d) What is the Breakeven of Maria's Business? | ||||||||||||||
| Suppose that Maria is starting a food ordering and delivery company. | ||||||||||||||
| Customers order meals online. Employees prepare the meals and deliver them to customers. | ||||||||||||||
| Maintenance of the online platform for ordering meals costs the company $5 per day. | ||||||||||||||
| The company also rents space where orders are prepared. Rent costs $50 per day. | ||||||||||||||
| To make the deliveries, the business also rents two delivery cars that cost $10 each per day. | ||||||||||||||
| The costs of ingredients for preparing different numbers of meals are provided in the table below. | ||||||||||||||
| Maria also has to hire between 0 and 10 workers (depending on the number of meals she chooses to make) to buy ingredients, prepare meals, and deliver the orders. | ||||||||||||||
| She will pay each employee $120 per day . | ||||||||||||||
| The first two columns of the table below show how many meals different number of workers can prepare e deliver. | ||||||||||||||
| Workers (Labor L) | Meals (Output Q) | MPL | FC | Cost of ingredients | VC | TC | AFC | AVC | ATC | MC | TR | Profit | Profit per meal | |
| 0 | 0 | - | $10 | |||||||||||
| 1 | 30 | $75 | ||||||||||||
| 2 | 42 | $100 | ||||||||||||
| 3 | 52 | $121 | ||||||||||||
| 4 | 60 | $138 | ||||||||||||
| 5 | 67 | $152 | ||||||||||||
| 6 | 73 | $165 | ||||||||||||
| 7 | 79 | $177 | ||||||||||||
| 8 | 85 | $189 | ||||||||||||
| 9 | 90 | $199 | ||||||||||||
| 10 | 95 | $210 |
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
