Identify and discuss briefly three (3) Cost Drivers that may impact the costs incurred in the airline industry in the Caribbean. Provide appropriate examples to support your response.
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Identify and discuss briefly three (3) Cost Drivers that may impact the costs incurred in the airline industry in the Caribbean. Provide appropriate examples to support your response.
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- Someday, if you want to be an economist or to study more about economic analysis, what platform you will implement to sustain the development of cost estimating fundamentals?Please answer with details on how to do it. A small company manufactures a certain product. Variable costs are $20 per unit and fixed costs are $10,875. The price demand relationship for this product is P = -0.25D + 250, where P is the unit sales price of the product and D is the annual demand. Total cost = fixed cost + Variable cost, TC = CF + CV Revenue = Demand x Price, TR = D x P Profit = Total Revenue – Total Cost, P = TR – TC a) Develop the equations for the total cost and total revenue. Find the breakeven quantity c) How many units must be sold to maximize profit? What is the company’s maximum profit?(a) How would one estimate the full cost to an airline if one of its planes is held over for 24 hours in an airport for repair? (b) A company has spent $10 million to develop a product for market. During the product’s first two years, the company’s profit was $6 million. In recent years, the market was flooded by rival products and now the company is reassessing its product. If it abandons the product, it can recover $2 million of its original investment by selling its production facility. If it continues to produce the product, its estimated revenues for successive two-year periods will be $5 million and $3 million and its costs will be $4 million and $2.5 million. (After four years the plant will have zero resale value.) What would be the company’s best course of action? (c) Two decades ago, the global demand and supply curves for copper were: Qd = 15-10P and Qs = -3 + 14P, where Q is measured in millions of metric tons per year. Find the competitive price and quantity. Suppose that…
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- Ace Shoe Company sells heel replacement kits for men's shoes. It has fixed costs of $10 million and unit variable costs of $5 per pair. If the company charges $15 per pair, how many pairs must it sell to break even ? And what dollar profit level would the company achieve if 15 million kits were sold ? Please show the necessary steps of how to get the results.XYZ company can manufacture their own products and sells them. They are able to control the demand by changing the price that is determined by the equation below. The company is thinking of maximizing their profit. The fixed cost is $1,000 per month and the variable cost is $40 per unit. Find the number of units that must be manufactured and sold monthly to maximize profit. (Demand D in the equation is monthly) Hint: Profit = Total Revenue - Total Cost 2,700 5,000 p = $38 + D for D > 1 D2 1 Add filea. If Total Revenue (TR) = 5900Q – 10Q2 and Total Cost(TC)= 2Q3 – 4Q2 + 140Q + 845. Determine the level of Profit at Q=30. b. What is theoretical relationship between Marginal Cost and Average cost. c. Define and Explain the optimization tool i.e. Total Quality Management with example from real world.
- A company produces and sells a consumer product and is able to control the demand for the product by varying the selling price. The approximate relationship between price and demand is p= 200-0.05D where p is the price per unit in dollars and D is the demand per month. The company is seeking to maximize its profit. The fixed cost is $15000 per month and the variable cost is $50 per unit. a. What is the number of units that should be produced and sold each month to maximize profit? b. What is the domain of profitable demand during a month? Show your spreadsheet.Your food - services company has been named as the sole provider of meals at a small university. The cost and demand schedules are: Total Total Sold per Day Price per Meal Fixed Cost Variable Cost Total Revenue $3.50 $150 100 $3.25 $150 $300 $325 200 $3.00 $150 $500 $600 300 $2.75 $150 $650 $825 400 $2.50 $150 $750 $1000 500 $2.25 $150 $830 $1125 600 $2.00 $150 $905 $1200 700 $1.75 $150 $995 $1225 TABLE 10 - 2 Refer to Table 10 - 2. For a single - price monopolist, the profit – maximizing price and number of meals per day is ... O A. 400 meals at $2.50 per meal. O B. 300 meals at $2.75 per meal. O C. 500 meals at $2.25 per meal. O D. 700 meals at $1.75 per meal. O E. 600 meals at $2.00 per meal.Which of the following statements is correct regarding the use of an MRP system? A. Many firms have insisted their suppliers also install MRP systems B. MRP has essentially eliminated the need for engineering change order systems C. With MRP, all component, part, and raw material inventories are managed with order-point systems D. All of the above are correct