Question

If you run a small courier company as the subcontractor for Australia post, use the cost...

If you run a small courier company as the subcontractor for Australia post, use the cost curves to illustrate which component of your costs will be affected by the petrol price drop.

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
If you run a small courier company as the subcontractor for Australia post, use the cost...
If you run a small courier company as the subcontractor for Australia post, use the cost curves to illustrate which component of your costs will be affected by the petrol price drop. •Identify the type of cost petrol is for the company (variable/fixed cost), and explain the impact of price change on this cost category and total and average cost. •Draw initial cost curves (ATC, AVC, AFC and MC). •Show the change of those curves as a result of the...
You are the owner/manager of a small competitive firm that manufactures house paints. You and all...
You are the owner/manager of a small competitive firm that manufactures house paints. You and all your 1,000 competitors have total cost curves given by TC = 63 + 7Q + 7Q2 and the industry is in long-run equilibrium. Now you are approached by an inventor who holds a patent on a process that will reduce your costs by 20% at each level of output. a. What is the most you would be willing to pay for the exclusive right...
Imagine you run a company and live in Australia. You sell to customers in the United...
Imagine you run a company and live in Australia. You sell to customers in the United States. Your customers pay you in US Dollars. Can you pay your workers in US Dollars? Can you pay your Australian electric bill in US Dollars? Can you pay your rent, mortgage, or buy equipment in US Dollars? (To clarify - I am not allowing you to "Exchange" for Australian dollars - then the person who has the US dollars has the same problem...
41. A computer company produces affordable, easy-to use home computer systems and has fixed costs of...
41. A computer company produces affordable, easy-to use home computer systems and has fixed costs of $250. The marginal cost of producing computers is $700 for the first computer, $250 for the second, $300 for the third, $350 for the fourth, $400 for the fifth, $450 for the sixth, and $500 for the seventh. a. Create a table that shows the company’s output, total cost, marginal cost, average cost, variable cost, and average variable cost. b. At what price is...
You need a new computer to be able to run your small business on the road....
You need a new computer to be able to run your small business on the road. You have identified two alternatives: a $1,000 computer that will last 3 years and a $2,000 computer that will last twice as long as the first one. You estimate that the annual benefits from both computers will be $800. Which of the two computers is a better choice if your opportunity cost of capital is 10 percent? Use both EAA and the replacement chain...
1- Post an experience you or someone you know had with counterfeits and how this experience...
1- Post an experience you or someone you know had with counterfeits and how this experience affected your thoughts on counterfeiting. At least a paragraph. 2- Imagine that you were setting up a small lemonade stand. There are lots of others in the neighborhood. How would you determine both your costs of production and what price to charge? (Hints: (1) Remember the profit maximizing steps discussed in the text; (2) Be sure to distinguish between fixed and variable costs.(3) This...
Suppose you own a home remodeling company. You are currently earning short-run pro?ts. The home remodeling...
Suppose you own a home remodeling company. You are currently earning short-run pro?ts. The home remodeling industry is an increasing-cost industry. In the long run, what do you expect will happen to a. Your ?rm’s costs of production? Explain. b. The price you can charge for your remodeling services? Why? c. Pro?ts in home remodeling? Why?
Suppose you run a small oil well on the Western slope of Colorado. Your production is...
Suppose you run a small oil well on the Western slope of Colorado. Your production is very small relative to that of the world and thus your production decisions do not impact the world price of oil. You have a stock of 1,200 barrels of crude underground which you can extract. Your annual marginal cost of extraction is equal to c*q and for each barrel produced, you can sell it for $P (which is equal in both years unless explicitly...
You are a producer in a constant-cost perfectly competitive industry. Your long-run total, marginal, and average...
You are a producer in a constant-cost perfectly competitive industry. Your long-run total, marginal, and average costs are given by TC = 2Q² + 128, MC = 4Q, and ATC = 2Q+ (128/Q). What is the long-run equilibrium price?
Your company offered you an expatriate position and gave you two options to choose from. You...
Your company offered you an expatriate position and gave you two options to choose from. You may either move to Austria or Australia. You will receive the same salary regardless of which country you choose. A friend mentions to you that the OECD Statistics portal includes data on “comparative price levels.” Find the latest data for Australia and Austria and discuss how your purchasing power in one country will compare to the other. Which country is more advantageous? How does...