Calculate the total cost function for location

Assignment Help Operation Management
Reference no: EM131226678

The owner of Genuine Subs, Inc. hopes to expand the present operation by adding one new outlet. She has studied three locations. Each would have the same labor and materials costs (food, serving containers, napkins, etc.) of $1.60 cents per sandwich. Sandwiches sell for $2.56 each in all locations. Rent and equipment costs would be $5,070 per month for location A, $5,580 per month for location B, and $5,710 per month for location C.

a) Calculate the total cost function for each location?

b) Plot the total cost functions on the same graph?

c) On the graph, identify the range of output for which each location has the least cost?

d) Which location would yield the greatest profits?

e) Determine the volume necessary at each location to realize a monthly profit of $9500.

Reference no: EM131226678

Questions Cloud

What are the pros and cons of these strategies : Your essay should be at least two pages in length, double-spaced, and in 12 pt. Times New Roman font. The title and reference pages do not count towards the minimum page length. To complete this assignment, a minimum of three reputable sources mus..
Similarities and differences between isamu and roku : Describe Isamu's character in the Thirteenth Night by Higuchi Ichiyo.How does he treat Oseki? (Give examples from the text). Think about the similarities and differences between Isamu and Roku.What do you think Oseki learns from her run in with Roku?..
Illustrated concept regarding organizational theory : Comment on how the scenes from The Great Escape illustrated a concept regarding organizational theory discussed in the readings. Some possibilities (you only have to choose one) include the bureaucratic model, systems theory, human relations models, ..
What is your weight in newtons : If you have a mass of 60 kg, what is your weight in Newtons? Find it using the ace/titration of gravity on Earth and with Newton's equation for gravitational force.
Calculate the total cost function for location : a) Calculate the total cost function for each location? b) Plot the total cost functions on the same graph? c) On the graph, identify the range of output for which each location has the least cost?
Describe an effective retention process : Explain why retention processes are vital in healthcare workforce planning.
Require different types of magical components : Awesome Optimizing Wizard that you are, Dumbledore has approached you to make wands for the wizarding community. Dumbledore would like for you to make quantities of two types of wands that require different types of magical components. Problem Write ..
Give the definition of stationarity in strong and weak sense : Give the definition of stationarity in strong and weak sense. Are the following processes stationary? Why? White noise (give the definition), Random walk (give the definition), MA(n) process (give the definition). How to test stationarity of an empir..
What is provinces position on physician assisted suicide : What is your state's or province's position on physician-assisted suicide? - Does your state or province differ from others? If so, why?

Reviews

Write a Review

Operation Management Questions & Answers

  Water supply challenges in rural communities

Please select and answer one of the following topics and write a well-organized and thoughtful five- to seven-page research paper. Water Supply Challenges in Rural Communities and Search and Rescue in Residential Structures

  What are susan''s growth options

What are Susan's growth options. What are the pros and cons of each. You are Susan Feller. How would you grow your business and why

  Consequences of improper packaging for the exporter

What are the consequences of improper packaging for the exporter? Does your response depend on the Inco terms rule used? Does it depend on the insurance policy in force? What are some of the issues and risks that international packaging faces and tha..

  The path-goal theory helps individuals achieve their goals

The path-goal theory helps individuals achieve their goals, remove any performance obstacles, and receive rewards periodically. The Vroom-Jago model has an emphasis on varying degrees of participative leadership and how each level of participation ef..

  Determine the largest standard deviation

The Good Chocolate Company makes a variety of chocolate candies, including a 12-ounce chocolate bar (340 grams). The output of the machine that fills the bar molds is approximately normal with a mean of 340 grams.

  What is the smallest batch size

Suppose 2.5 urine samples need to be tested per minute. What is the smallest batch size (in samples) that ensures that the process is not supply constrained? ( Note : A batch is the number of tests between calibrations.)

  Firms with global mindsets are characterized

Firms with global mindsets are characterized by _

  Apply for public assistance as either grantees

Tribes may choose to apply for Public Assistance as either grantees or subgrantees. Which of the following statements is true?

  Consider effective leaders

Identify three people that you consider effective leaders. What are, at least, 5 characteristics these individuals exhibit that you believe make them effective leaders?

  Forecasting using quantitative and qualitative techniques

Write a Two Page paper on forecasting using quantitative and qualitative techniques and procedures that are most appropriate for a scenario of your choice. Select one qualitative and one quantitative method and provide a scenario of when and how t..

  What are the pros and cons of high active price strategy

What are the pros and cons of High active price strategy. How does High active price strategy differ from traditional pricing approaches. Think of a company that may be able to adopt High active price strategy, and discuss how it could implement the ..

  Explain which system results in lowest customer waiting line

If average service time is 10 minutes and the average number of arrivals per hour is 12 guests, explain which system results in the lowest customer waiting time.

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!

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