Ike's Bikes is a major manufacturer of bicycles. Currently, the company produces bikes using only one factory. However, it is considering expanding production to two or even three factories. The following table shows the company's short-run average total cost each month for various levels of production if it uses one, two, or three factories. (Note: QQ equals the total quantity of bikes produced by all factories.)
Average total cost
(dollars per bike)
Numbers of factories Q=100 Q=200 Q=300 Q=400 Q=500 Q=600
1. 440 280 240 320 480 800
2. 620 380 240 240 380 620
3. 800 480 320 240 280 440
Suppose Ike’s Bikes is currently producing 200 bikes per month in its only factory. Its short-run average total cost is how much per bike?
Suppose Ike’s Bikes is expecting to produce 200 bikes per month for several years. In this case, in the long run, it would choose to produce bikes using [one factory, two factories, or three factories]?
In the long run, over which range of output levels does Ike’s Bikes experience economies of scale?
a. More than 400 bikes per month
b. Fewer than 300 bikes per month
c. Between 300 and 400 bikes per month
On the following graph, plot the three short-run average total cost curves (SRATC) for Ike’s Bikes from the previous table. Specifically, use the green points (triangle symbol) to plot its short-run average total cost if it operates one factory (SRATC1); use the purple points (diamond symbol) to plot its short-run average total cost if it operates two factories (SRATC2); and use the orange points (square symbol) to plot its short-run average total cost if it operates three factories (SRATC3). Finally, plot the long-run average total cost (LRATC) for Ike’s Bikes using the blue points (circle symbol).
Answers
Suppose Ike’s Bikes is currently producing 200 bikes per month in its only factory. Its short-run average total cost is $280 per bike.
Suppose Ike’s Bikes is expecting to produce 200 bikes per month for several years. In this case, in the long run, it would choose to produce bikes using one factory.
In the long run, Ike’s Bikes experience economies of scale between 300 and 400 bikes per month. Graph
The explanation for the graph:
The given graph shows the short-run average total cost curves for three factories and the long-run average total cost curve for Ike's Bikes.
The green points on the graph represent the short-run average total cost if Ike's Bikes operates one factory (SRATC1). The purple points show the short-run average total cost if Ike's Bikes operates two factories (SRATC2). The orange points on the graph represent the short-run average total cost if Ike's Bikes operates three factories (SRATC3).
The blue points on the graph show the long-run average total cost (LRATC) for Ike’s Bikes. As you can see from the graph, in the long run, Ike’s Bikes will produce bikes using one factory.
The explanation for the table:
Ike’s Bikes is a significant manufacturer of bicycles, and it is considering expanding production to two or three factories. The given table shows the company's short-run average total cost each month for different levels of production if it uses one, two, or three factories.
The company is currently producing 200 bikes per month in its only factory. Its short-run average total cost is $280 per bike.
The company is expected to produce 200 bikes per month for several years. In this case, it would choose to produce bikes using one factory.
In the long run, the company experiences economies of scale between 300 and 400 bikes per month.
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Related Questions
corporation meaning in simple terms
Answers
Answer: A corporation is a legal entity that is separate and distinct from its owners.
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.3. One day you happen to hear a snippet of conversation between two graduate students, who are drinking coffee and contemplating an open box of exquisitely delicious chocolate truffles in the Page Break Café. The first student opines that one can definitely outline a set of objective design principles that should underpin the construction of any professional chart or map. The second student disagrees vehemently and argues that the one and only important thing to worry about is aesthetics. The first student is speechless. What do you think? Use your knowledge of data visualization to inform your answer, and be sure to explain your answer carefully.
Answers
The debate between the two graduate students revolves around the importance of objective design principles versus aesthetics in the construction of professional charts or maps.
Objective design principles in data visualization serve as guidelines to ensure clarity, accuracy, and effective communication of information. These principles include considerations such as appropriate use of colors, legibility of text, proper labeling, and accurate representation of data. By adhering to these principles, charts and maps can convey the intended message clearly, facilitating data comprehension and analysis.
However, aesthetics cannot be disregarded. Visual appeal and aesthetics contribute to the overall user experience and can enhance engagement with the data. An aesthetically pleasing chart or map can captivate the viewer's attention, stimulate interest, and encourage exploration of the data. Attention to aesthetics involves aspects such as visual balance, appropriate use of visuals and typography, and overall design coherence.
Both objective design principles and aesthetics are important in data visualization because they serve different purposes. Objective design principles ensure accuracy and effective communication, while aesthetics enhance engagement and user experience. Striking a balance between these two aspects is crucial to create visually appealing and informative visualizations that effectively convey the intended message while engaging the audience.
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one important purpose of setting specific advertising goals and objectives is to
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One important purpose of setting specific advertising goals and objectives is "to provide clarity and direction for the advertising campaign".
Setting specific advertising goals and objectives is crucial for several reasons. Firstly, it helps define the desired outcomes and results that the advertising campaign aims to achieve. By setting clear objectives, advertisers can focus their efforts on measurable targets, whether it's increasing brand awareness, generating leads, or driving sales. Secondly, specific goals and objectives provide a benchmark for evaluating the success of the advertising campaign.
They serve as a yardstick to assess whether the campaign has effectively met its intended purpose. Without clearly defined goals, it becomes challenging to measure the effectiveness of the advertising efforts and make informed decisions for future campaigns.
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cpnsider capm the risk free rate is ^5 and the expected return on the market is 18% what is the expected return on a stock with a beta of 1.3
Answers
Answer:
Expected return = 21.9 %
Explanation:
The capital asset pricing model is a risk-based model. Here, the return on equity is dependent on the level of reaction of the the equity to changes in the return on a market portfolio. These changes are captured as systematic risk. The magnitude by which a stock is affected by systematic risk is measured by beta.
Under CAPM, Ke= Rf + β(Rm-Rf)
Rf-risk-free rate (long-term i.e 10 year treasury bill rate), β= Beta, Rm= Return on market., Ke- Return on equity (cost of equity)
This model can be used to work out the cost of equity as follows:
Ke= Rf + β (Rm-Rf)
Rf- 5%, β= 1.3, Rm- 18, E(r)- ?
Ke = 5% + 1.3×(18-5)%=21.9 %
Ke = 21.9 %
Expected return = 21.9 %
Green et al. (2005) estimate the supply and demand curves for California processed tomatoes. The supply function is: In(Qs) - 0.200 +0.550 In(p), where Q is the quantity of processing tomatoes in millions of tons per year and p is the price in dollars per ton. The demand function is: In(Od) 2.600-0.200 In(p)0.150 In(pt), where pt is the price of tomato paste (which is what processing tomatoes are used to produce) in dollars per ton. Suppose pt $130. Determine how the equilibrium price and quantity of processing tomatoes change if the price of tomato paste rises by 22%. If the price of tomato paste rises by 22%, then the equilibrium price will V by $. (Enter a numeric response using a real number rounded to two decimal places.)
Answers
If the price of tomato paste rises by 22%, the equilibrium price of processing tomatoes will decrease by $1.96 and the equilibrium quantity of processing tomatoes will decrease by 0.63 million tons per year.
The price of tomato paste is a substitute for processing tomatoes. If the price of tomato paste rises by 22%, the demand for processing tomatoes will decrease.
This will cause the equilibrium price of processing tomatoes to decrease. The equilibrium quantity of processing tomatoes will also decrease.
The equilibrium price of processing tomatoes will decrease by $1.96. This is because the demand function for processing tomatoes is negatively sloped.
When the price of tomato paste rises, the demand for processing tomatoes decreases, which causes the equilibrium price of processing tomatoes to decrease.
The equilibrium quantity of processing tomatoes will decrease by 0.63 million tons per year. This is because the supply function for processing tomatoes is positively sloped.
When the price of tomato paste rises, the supply of processing tomatoes increases, which causes the equilibrium quantity of processing tomatoes to decrease.
In conclusion, if the price of tomato paste rises by 22%, the equilibrium price of processing tomatoes will decrease by $1.96 and the equilibrium quantity of processing tomatoes will decrease by 0.63 million tons per year.
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assuming you were charged simple interest on a loan of $4,900 which requires you to repay in one year $5,292, what rate of interest would you be charged? (round interest rate to the nearest hundredth percent if necessary.)
Answers
The rate of simple interest charged in this loan is 8%.
To calculate the rate of interest in a simple interest loan, we can use the following formula:
Rate of interest = (Total interest / Principal) × 100
In this case, the principal is $4,900, and the total repayment amount is $5,292.
The total interest can be determined by subtracting the principal from the total repayment amount:
Total interest = Total repayment amount - Principal
Total interest = $5,292 - $4,900 = $392
Using the formula, we can calculate the rate of interest:
Rate of interest = (392 / 4,900) × 100 = 8%
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What can be a benefit of using interviews to select employees to hire?
A. Insights from employees' examples
B. Accurate prediction of honesty
C. Good measurement of intelligence
D. Errors from employee bias
Answers
Answer:
B. Accurate prediction of honesty
Explanation:
Interviews are one of the most effective tools that human resource managers use to determine if a candidate is a match or not for a specific job. Flexibility is the key word here. That allows both the candidate and the interviewer, the possibility of understanding what are the skills needed for a certain job and if the candidate possesses them. When someone answers a test, you can tell if the candidate knows about the subject or not, but when he/she is interviewed, you can ask for more detail and examples that help clarify the candidate's ideas, expectations and capabilities. E.g. a candidate states that he/she knows how to use WordPress very well, and the interviewer can ask him/her about specific tasks to verify if that is true.
Answer:
A. Insights from employees’ examples
Explanation:
Just took the quiz.
Increased flexibility in scheduling has become an important benefit for employers to offer because of: multiple select question. the increase in two-income families employer tax deductions the increase in single parent homes the increase in the birth rate
Answers
The Increased flexibility in scheduling has become an important benefit for employers to offer because of increase in single parent homes and the increase in two-income families.
What is the meaning of Scheduling ?
In a production process or manufacturing process, scheduling is the process of organizing, managing, and optimizing work and workloads.
Scheduling is used to distribute resources for equipment and buildings, prepare for human resources, organize work processes, and buy goods.
The flexible schedule must be prepared for the single parent homes and also for the two income families by the employers.
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Answer:
1. The increase in two-income families
2. The preferences of Gen X and Milennial workers
Explanation:
The knowledge and skillset necessary to be an informed consumer and manage finances effectively.
Answers
Answer: Financial Literacy
Explanation:
How much has the average cost of electricity increased in florida over the last 30 years?.
Answers
Over the last 30 years, the average cost of electricity has increased by approximately 50% in Florida.
What is electricity?Electricity is a form of energy that flows through cables and other conductors and is used for power or heat generation and to run machines and devices. Electricity is generated using various sources such as coal, natural gas, oil, wind, solar, and nuclear power, among others. The power generated is then distributed through the national grid, and energy providers charge consumers based on the amount of electricity they use and the price per unit. Over the past three decades, the cost of electricity has risen in Florida and the United States.
However, it is important to note that electricity rates and the increase in prices vary depending on the utility provider and the state. In Florida, the average cost of electricity increased by approximately 50% over the last 30 years, according to the U.S. Energy Information Administration (EIA).
In 1990, the average retail price for electricity in Florida was 7.08 cents per kilowatt-hour (kWh), and by 2020, the average price was 10.65 cents per kWh. The rise in prices can be attributed to several factors such as increased demand, inflation, the cost of fuel, and maintenance of infrastructure.
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what types of listening will help the employee and customer establish common understandings?
Answers
There are several types of listening that can help employees and customers establish common understandings.
1. Active listening: This type of listening involves paying close attention to what the other person is saying, asking clarifying questions, and summarizing what you have heard to ensure mutual understanding.
2. Reflective listening: Reflective listening involves repeating what the other person has said to ensure that you have understood correctly. This helps to avoid misunderstandings and ensures that both parties are on the same page.
3. Empathetic listening: This type of listening involves putting yourself in the other person's shoes and trying to understand their perspective. This can help to build rapport and trust between employees and customers.
By using these types of listening, employees, and customers can establish common understandings, which can lead to more productive and positive interactions.
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ge competes in industries ranging from medical devices, to financial services, to turbine engines. ge's mixed strategy is an example of strategy.
Answers
GE competes in industries ranging from medical devices to financial services, to turbine engines. GE'smixed strategy is an example of corporate-level strategy. Thus, option A is correct.
What is a financial goal?A financial goal is an objective or plan for handling money. It is a function of how much money you make, spend, save, or invest. Pension planning is a type of financial goal that a person or individual might set for themselves based on their requirements.
A multi-tiered growth strategy used by management to establish, describe and accomplish particular goals of the business is known as a corporate-level strategy.
Therefore, option A is the correct option.
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The question is incomplete, the complete question is:
GE competes in industries ranging from medical devices, to financial services, to turbine engines. GE'smixed strategy is an example of ____ strategy.
A.corporate-level
B.long-term
C.business-level
D.functional
E.short-term
QUESTION 6 of 10: You own an art supply store and the total sales in your trading area equal $17,500. Your store accounts for $6,000 of the total. In this scenario, $6,000 refers to your: O a) Price per unit b) Balance sheet O c) Margin O d) Market share
Answers
Answer:
In this case, the $6,000 refers to your sales. If expenses and returns were deducted it will be your net sales. Sales refers to the activity of selling an amount of goods or services to consumers who enter your storefront. The goal is to make sure your sales are greater than all of our expenses to make sure you are turning a profit each month.
Explanation:
what are the positive impacts of Title VII of the Civil Rights Act of 1964 on US companies. How did this historic change in US law benefit companies?
Answers
Answer:
The Civil Rights Act of 1964 hastened the end of legal Jim Crow. It secured African Americans equal access to restaurants, transportation, and other public facilities. It enabled blacks, women, and other minorities to break down barriers in the workplace.
Explanation:
When sport/event organizations seek sponsors who will exploit the sponsorship, what benefit are they seeking to gain?
Answers
Answer: they want to generate more income from doing so, the greater the allowance the more income they will generate for the event they intend holding.
Explanation:
Exploiting of sponsorship would be described as allowing a sponsor to utilize every opportunity in the event to promote their brand.
When event organizers look out for sponsors who would handle their event and allow them explore it, it'll mean they want to generate more income from doing so, the greater the allowance the more income they will generate for the event they intend holding. For them to allow a particular brand to exploit the event would mean that brand would virtually take care of all expenses for the event since it'll be the face the audience would see when they come to the event. It is a way of generating more income for events.
Which of these would be considered an entrepreneur?
O A. A nurse in a hospital
O B. The owner of a local coffee shop
O C. A school teacher
O D. A public transportation bus driver
Answers
Answer:
I think its B
Explanation:
Because you own your own place
The owner of a local coffee shop would be considered an entrepreneur. Hence, option B is correct.
What is meant by entrepreneur?Entrepreneurs are people who launch new businesses, bearing the bulk of the risks and getting the majority of the rewards. Starting a business is a practice of entrepreneurship.
The entrepreneur is generally regarded as an inventor who develops novel ideas for goods, services, companies, and operating procedures. Several well-known businesspeople include Bill Gates, Steve Jobs, Mark Zuckerberg, Pierre Omidyar, Arianna Huffington, and Caterina Fake.
Some kinds of entrepreneur are -
Small Businesses Entrepreneurship.
Scalable Start-up Entrepreneurship.
Social Entrepreneurship.
Large Company Entrepreneurship.
Thus, option B is correct.
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a client in the aerospace industry wants to know about related markets which are impacting his stock price. which industries and markets do you look at?
Answers
When it comes to understanding how external factors can impact the stock price of a company in the aerospace industry, it's important to look at a few key industries and markets. Here are a few areas that could be relevant to your client:
1. Defense: Many aerospace companies have ties to the defence industry, so it's important to keep an eye on any changes in government spending on defence initiatives. This could include changes in funding for military aircraft, satellites, or other aerospace-related programs.
2. Aviation: While the aerospace industry encompasses more than just aviation, changes in the commercial airline industry can still have an impact on stock prices. For example, if airlines are buying fewer new planes, that could affect the demand for aerospace parts and components.
3. Space: As the space industry continues to grow and evolve, it's important to pay attention to any developments in this area. This could include things like new satellite launches, changes in government funding for space exploration, or the emergence of new competitors in the space industry.
4. Energy: Many aerospace companies are involved in the production of renewable energy technologies, such as wind turbines or solar panels. Changes in the energy industry could therefore have an impact on the stock prices of these companies.
5. International markets: Finally, it's important to keep an eye on international markets and how they may be affecting the aerospace industry. For example, changes in demand for air travel in Europe or Asia could have a ripple effect on the companies that supply aircraft or aircraft parts.
By paying attention to these key industries and markets, your client can gain a better understanding of the external factors that may be impacting their stock price. This knowledge can then be used to make informed decisions about investment strategies and other financial decisions.
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Which of the following results of analytical procedures would most likely indicate possible unrecorded liabilities?
A. Current ratio of 2:1 as compared to 5:1 for the prior period.
B. Ratio of accounts payable to total current liabilities of 4:1, compared to 6:1 for the prior period.
C. Accounts payable turnover of 5, compared to 10 for the prior period.
D. Accounts payable balance increase greater than 10% over the prior period.
Answers
The result of analytical procedures that would most likely indicate possible unrecorded liabilities is accounts payable turnover of 5, compared to 10 for the prior period. Option c is correct.
Accounts payable turnover measures how quickly a company pays off its suppliers, with a lower ratio suggesting slower payments. A decrease in this ratio, from 10 to 5, suggests that the company is taking longer to pay its obligations, potentially indicating unrecorded liabilities.
This situation may arise if the company is facing financial difficulties or improperly recording its accounts payable, leading to inaccurate financial statements. It is essential for auditors to investigate further to determine the cause of the decline in accounts payable turnover and ensure accurate financial reporting.
Therefore, option c is correct.
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what is the fundamental assumption upon which the concept of consumer rationality is based?
Answers
The concept of consumer rationality is based on the fundamental assumption that consumers make decisions based on their rational self-interest. In other words, consumers are assumed to carefully consider the costs and benefits of different options and choose the option that provides the greatest utility or satisfaction.
This assumption is based on the idea that consumers are rational beings who have access to all the relevant information needed to make informed decisions and have the ability to process this information accurately and logically. However, it should be noted that this assumption has been subject to criticism, with some arguing that consumers do not always act rationally due to biases, limited information, and emotional factors. Overall, the assumption of consumer rationality is a foundational concept in economics and is used to understand consumer behavior and market dynamics.
The fundamental assumption upon which the concept of consumer rationality is based is that consumers make decisions to maximize their utility or satisfaction while considering their budget constraints and available options. In other words, consumers are assumed to make choices that provide them the greatest benefit while minimizing costs, and they consistently apply this principle in their decision-making processes.
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Which of the following always results in a monopolist being allocatively efficient?
a. Perfect price discrimination
b. Second degree price discrimination
c. Third degree price discrimination
d. Pricing above marginal cost
Answers
Perfect price discrimination always results in a monopolist being allocatively efficient. The correct answer is option A.
Perfect price discrimination allows a monopolist to be allocatively efficient because it involves the monopolist charging each consumer the maximum price they are willing to pay for the product. As a result, the monopolist captures all consumer surplus, and there is no deadweight loss.
This means that the allocation of resources is optimal, and the output produced by the monopolist is exactly equal to the quantity where the demand curve intersects the marginal cost curve. In contrast, other forms of price discrimination (second and third degree) or pricing above marginal cost do not guarantee allocative efficiency.
Thus, Option A is the right answer.
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answer the two questions in the screenshot pls:
Answers
Answer:
One high end product I want to buy in the future is a thread ripper. It is a processor which is one of the reasons why a computer will run. It is like the heart, it makes all the components work
the customer will want to know that the product is one of the most expensive out there but it is defiantly worth the money. you have to have a good enough mother board to run the thread ripper though. You also need DDR 4 ram at least which makes the computer components work faster and gets rid of lag of course
Explanation:
If firms sell less than is expected, actual investment increases because _____, which is counted as investment.
Answers
Answer:
If firms sell less than is expected, actual investment increases because the unsold goods are added to inventory, which is counted as investment.
Explanation:
Which deduction generally makes up the largest portion of income subtracted from an employee?
A) taxes
B) unemployment
C) health benefits
D) 401K retirement
Answers
Answer:
it's taxes
EXPLANATION:
Tina shopped for office stationery online. She browsed a few music playlists of another website in a separate browser. She had a high-speed
Internet connection. So, she could complete the stationery purchase quickly. At the checkout page, she entered her credit card details. She also
entered the delivery address. She then checked her mail for any new emails. Which data from the online shopping portal will typically be stored
In a data warehouse?
and the
will be typically stored in an online shopping portal's data warehouse.
Answers
The data that will typically be stored in an online shopping portal's data warehouse are the customer's purchase history, product information, customer reviews, and website traffic data.
When a customer shops online, the website collects a lot of data, such as the products they viewed, the items they added to their cart, the time spent on the website, and the final purchase. This data is important for the business to understand the customer's behavior and preferences, and to improve their services. The data warehouse is a centralized database that stores all this information for future analysis and reporting. It allows the business to run complex queries, create reports, and make data-driven decisions.
The data that will be typically stored in an online shopping portal's data warehouse can be broadly classified into four categories: customer data, product data, website traffic data, and customer reviews. This includes the customer's purchase history, their personal information (name, address, email, phone number), their payment details (credit card number, billing address), and their login credentials. This data is essential for the business to create a personalized shopping experience for the customer and to offer targeted promotions and discounts. It also helps the business to prevent fraud and ensure secure transactions. Product data: This includes information about the products sold on the website, such as the product name, description, SKU, price, category, and inventory levels. This data is critical for the business to manage their inventory, optimize their pricing strategy, and analyze the popularity of different products. It also helps the business to recommend related products to the customer and improve their search functionality. Website traffic data: This includes information about the customer's behavior on the website, such as the pages they visited, the time spent on each page, the search terms used, and the device they used to access the website. This data is important for the business to understand how customers interact with their website and to identify any usability issues or bottlenecks. It also helps the business to optimize their website's design, layout, and navigation.
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The broker placed funds from his escrow account into his operating account and then used the money to take his client out to dinner. this is called_______.
Answers
When a broker places funds from his escrow account into his operating account and then uses the money for personal expenses, such as taking a client out to dinner, it is called "commingling of funds."
Commingling of funds refers to the improper mixing of personal and client funds by a broker or agent. This is considered unethical and can lead to serious consequences. By commingling funds, the broker is breaching their fiduciary duty, which is the legal obligation to act in the best interest of their clients. This behavior can lead to conflicts of interest, misappropriation of funds, and potential fraud.
It is important for brokers to follow strict guidelines and regulations to maintain the integrity of the financial system and protect the interests of their clients. Commingling of funds is a serious violation that can result in legal and disciplinary action against the broker.
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What safety device should be worn when there is danger of fragments being thrown?
Answers
Answer:
gloves i think
Explanation:
Planing is the primary function of management.discuss
Answers
Explanation:
it is a primary function of management because it help in making the business and it makes it easier for the employees and everyone involved in the business in the workforce to see what is going to happen in the business and it's important for making decisions and such as trading and different types of that can a decision so it can also make it easier for the employees and the whole business to run smoothly because if you have a plan for everything then you can easily basically just you know work according to your needs and you can just flourish as a business
You are a marketing research consultant hired to organize focus groups for an innovative german-style fast food restaurant. What kind of people would you elect to participate in focus groups? What screening criteria would you use? What questions would you ask?
Answers
Explanation:
A focus group can be defined as a qualitative marketing research method where some people with common characteristics are brought together in a group who are guided by a trainer to promote discussions on a particular topic of interest and gather information to assist in decision making.
To organize focus groups for an innovative German-style fast food restaurant, you could separate 3 groups, the first being ages 18 to 30, the second 30-45 and the third group 45 and above.
The screening criteria could be, sources of income, profession, sex, taste for food, hobbies, etc.
The questions to ask could be related to the number of times a week people eat fast food, what is your favorite German food, how much are you willing to pay for the options offered in the restaurant, what elements do you consider most attractive in a restaurant ,etc.
T/F managers today are less interested in an applicants ability to perform a specific job than with his or her flexibility to meet changing situations and commitment to the organization
Answers
Employers seek individuals who possess transferable skills, such as problem-solving, adaptability, teamwork, and a willingness to learn, as these qualities enable employees to contribute effectively in various roles and handle emerging challenges.
In today's dynamic and rapidly changing business environment, managers are increasingly placing importance on an applicant's flexibility to meet changing situations and commitment to the organization rather than solely focusing on their ability to perform a specific job. This shift in perspective is driven by the recognition that job requirements and demands can evolve quickly, and employees need to be adaptable and responsive to effectively navigate these changes. Employers seek individuals who possess transferable skills, such as problem-solving, adaptability, teamwork, and a willingness to learn, as these qualities enable employees to contribute effectively in various roles and handle emerging challenges.
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make a list of profession and identify their levels
Answers
i will send you in messenger