The theory and estimation of cost, economics, Microeconomics

The theory and estimation of cost, economics, Microeconomics

Assignment Help:

Write Equations Of Average Total Cost Variable Cost Marginal Cost, Economics
Write equations for total cost, average total cost, variable cost, and marginal cost.

The Central Publishing Company is about to publish its first textbook in managerial economics. It is now in the process of estimating costs. It expects to produce 10,000 copies during its first year. The following costs have been estimated to correspond to the expected copies.

A paper stock $8,000
B typesetting $15,000
C Printing $50,000
D Art (including graphs) $9,000
E Editing $20,000
F Reviews $3,000
G Promotion $12,000
H Binding $22,000
I Shipping $10,000
In addition to the preceding costs, it expects to pay the authors a 13 percent royalty and its salespeople a 3 percent commission. These percentages will be based on the publisher’s price of $48 per book.
Some of the preceding costs are fixed and others are variable. The average variable costs are expected to be constant. Although 10,000 copies is the projected volume, the book sell anywhere between 0 and 20,000 copies.

Related Discussions:- The theory and estimation of cost, economics

Equibilium, Suppose Dlamini has R5 000 to spend on trousers and shirts. The...

Suppose Dlamini has R5 000 to spend on trousers and shirts. The price of trousers is R500 each and that of shirts is R312.50 each. 6.1 Use the information and calculate consumer eq

Criteria for acceptability, The goal is to replicate a real life product de...

The goal is to replicate a real life product development and familiarize students with the invent process of a system, component, or process to meet desired wants within realistic

Exchange rate, if a country is managing its exchange rate what will do to c...

if a country is managing its exchange rate what will do to counteract the effect of stock market bubble in this country? explain what central bank will do and show in supply and de

H.W. help, Suppose the price of printing paper for digital cameras has rece...

Suppose the price of printing paper for digital cameras has recently risen by 10 percent due to an increase in the cost of materials used in the finish for the paper. As a result,

#texplation diagrammatically the bain''s model of limit prici, bain''s mode...

bain''s model of limit pricing with diagram

Cost, relationship between tfc , tvc , tc

relationship between tfc , tvc , tc

Ppc , two countries workland and playland have similar population and ident...

two countries workland and playland have similar population and identical production possibilities curves but diffrefences . the procuction possibilities combination are as follows

Members quota in imf, Member's Quota in IMF Quota represents the subs...

Member's Quota in IMF Quota represents the subscription by a member country to the capital fund of the IMF. Quotas are fixed for each country, taking into account such factor

Find all the equilibrium, The "Battle of Sexes" is a famous game. The story...

The "Battle of Sexes" is a famous game. The story is that a couple tries to decide what to do on a Friday evening. The girl prefers to go to an Opera and the guy prefers to go to t

Elasticities of demamnd, The demand for soft drinks has been estimated asQx...

The demand for soft drinks has been estimated asQx 20PX 0.25PY0.45M 2 Determine the own, cross and income price elasticities of demand. Interpret your results.

Write Your Message!

Name

Email id

Message

Verfication Code

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!

Submit Assignment

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