What is the fixed cost of producing fake whales

Assignment Help Business Economics
Reference no: EM131173288

Sea lions have been depleting the stock of steelhead trout. One idea to scare sea lions off the Washington state coast was to launch fake killer whales, predators of sea lions. The cost of making the first whale is $19,000—$8,000 for materials and $11,000 for the mold. The mold can be reused to make additional whales, so additional whales would cost $8,000 apiece.

a. Make a table showing the total cost and average total cost of producing 1 to 10 fake killer whales.

b. Does production of fake whales exhibit diseconomies of scale, economies of scale, or constant returns to scale?

c. What is the fixed cost of producing fake whales?

d. What is the variable cost of producing fake whales?

Reference no: EM131173288

Questions Cloud

Determine the theoretical optimum level of national defense : In the diagram below, assume that there are two classes of citizens, the "hawks and the "doves," with different preferences for national defense spending. Draw the social marginal benefit curve for society as a whole. Determine the theoretical optimu..
What strategies do you think are most effective in teaching : What is reading comprehension? What strategies do you think are most effective in teaching reading comprehension to students with LD? Why? Use examples.
How does your family function in this theory : This theory also shows that there are limitations within the family. I think the theories clearly shows some of the stops/caution signs that will bring limitation to the family. How does your family function in this theory?
How an led and electromechanical relays are interfaced : using diagrams, discuss how an LED and electromechanical relays are interfaced with the microcontroller in an electrical circuit.
What is the fixed cost of producing fake whales : Sea lions have been depleting the stock of steelhead trout. One idea to scare sea lions off the Washington state coast was to launch fake killer whales, predators of sea lions. Make a table showing the total cost and average total cost of producing 1..
Determining the retirement and death : You plan to retire in exactly 20 years. you goal is to create a fund that will allow you to receive $20000 at the end of each year for the 30 years between retirement and death. you know that you will be able to earn 11% per year during the 30-yea..
Demand for strawberries price elastic or inelastic : Suppose a 3% fall in the price of strawberries increases the quantity of strawberries demanded by 4% and increases the quantity of chocolate demanded by 2%. Using this information, calculate the price elasticity of demand for strawberries at the orig..
Assuming that jim accepts the dealer offer : Jim is shopping for a used car. He has found one priced at $4500. The dealer has told Jim that is he can come up with a down payment of $500 the dealer will finance of the price at 12% annual rate over 2 years (24 months). Assuming that Jim accept..
How to conduct haccp of a particular food of your choice : How to conduct HACCP of a particular food of your choice? Describe the biotoxications associated with toxic fish poisoning. Draw and describe the life cycle of any two food borne parasites.

Reviews

Write a Review

Business Economics Questions & Answers

  Governments use to sell mineral rights to the private sector

There are two general methods that governments use to sell mineral rights to the private sector. One is production royalties where the private firm promises to pay a certain amount (or percentage of revenue) each year for the length of contract.

  What rate of return would you expect on a year treasury

What rate of return would you expect on a 1 year treasury security, assuming the pure expectation theory is valid? use arithmetic average.

  Operating under a fixed exchange rate regime

Assume that an open economy Neverland is operating under a fixed exchange rate regime. Currently, Neverland’s economy is suffering a deep economic recession meaning that Neverland’s total output level is much lower than its medium-run output level.

  In what ways do future generations benefit from

If deficit spending "crowds out" some private investment, could future generations be worse off? If external financing eliminates crowding out, are future generations thereby protected?

  Throw-back jerseys and bling-bling are normal goods

To Snoop Dogg, throw-back jerseys and bling-bling are normal goods. Graphically, demonstrate how the budget constraint shifts if his income increases. Choose an arbitrary benchmark point on the initial budget constraint as the consumption combination..

  What role does movie theater play in distribution channel

Pixar makes fun movies. What role does the movie theater play in the distribution channel?

  How does the health of economy affect your financial health

How does the health of the economy affect your financial health? How healthy is the U.S. economy right now? On what measures do you base your judgments? How will your appreciation of the big picture help you in planning for your future?

  Store balance and monthly interest rate table

Lady Gaga has come to you for advice. She has balances at three department stores as shown in the table below. The monthly interest rates vary between stores as shown. She wishes to pay off all three accounts by the end of three months. She will allo..

  Marching shop was ordering weekly demand for bolts

Marching shop was ordering weekly demand for bolts and nuts 240 units. Ordering cost $50 per unit per year, Bolt and Nuts unit cost $15 and annual carrying charge is 20% No. of Assume 52 weeks per year and lead time is 1 week find reorder number of u..

  What is market-clearing wage if immigration is not allowed

Assume that labor demand for low-skilled workers in the United States is: w = 24 – 0.1E where E is the number of workers (in millions) and w is the hourly wage. Assume there are currently 120 million domestic U.S. low-skilled workers who supply labor..

  Her english reflected the quality

Read the excerpt from Amy Tan’s essay “Mother Tongue.”I know this for a fact, because when I was growing up, my mother’s “limited” English limited my perception of her. I was ashamed of her English. I believed that her English reflected the quality o..

  Monetary policy has not yielded any results

Given this information, explain why this monetary policy has not yielded any results. Use the aggregate demand/aggregate supply (AD/AS) model to aid in your answer, and assume the economy is in a long-term equilibrium as your starting point. A good a..

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