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Show transcribed image text Essentials of Essential... Foundations

Biostatistics... of Economics
3rd Edition 8th Edition 8th Edition

Expert Answer View all solutions

Anonymous answered this

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3,061 answers

Total production costs areshown below

· We have to find total cost for all

the countries

· Total cost = Fixed cost + variable

cost

· For finding variable costs, assume

different levels of production

· The total costs are shown below

Total Total cost, Total cost, Total cost, Total cost,

Volume cost,Canada Mexico USA Panama China

5000 8050000 3800000 5150000 3000000 4350000

6000 8260000 4060000 5380000 3300000 4620000

7000 8470000 4320000 5610000 3600000 4890000

8000 8680000 4580000 5840000 3900000 5160000

9000 8890000 4840000 6070000 4200000 5430000

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9/25/21, 5:55 AM (16 Pts.) A Manufacturing Firm Is Planning To Open... | Chegg.com

10000 9100000 5100000 6300000 4500000 5700000

  Textbook Solutions Expert Q&A Practice Study Pack 

11000 9310000 5360000 6530000 4800000 5970000

12000 9520000 5620000 6760000 5100000 6240000

13000 9730000 5880000 6990000 5400000 6510000

14000 9940000 6140000 7220000 5700000 6780000

15000 10150000 6400000 7450000 6000000 7050000

16000 10360000 6660000 7680000 6300000 7320000

17000 10570000 6920000 7910000 6600000 7590000

18000 10780000 7180000 8140000 6900000 7860000

19000 10990000 7440000 8370000 7200000 8130000

20000 11200000 7700000 8600000 7500000 8400000

21000 11410000 7960000 8830000 7800000 8670000

22000 11620000 8220000 9060000 8100000 8940000

23000 11830000 8480000 9290000 8400000 9210000

24000 12040000 8740000 9520000 8700000 9480000

25000 12250000 9000000 9750000 9000000 9750000

26000 12460000 9260000 9980000 9300000 10020000

27000 12670000 9520000 10210000 9600000 10290000

28000 12880000 9780000 10440000 9900000 10560000

29000 13090000 10040000 10670000 10200000 10830000

30000 13300000 10300000 10900000 10500000 11100000

31000 13510000 10560000 11130000 10800000 11370000

32000 13720000 10820000 11360000 11100000 11640000

33000 13930000 11080000 11590000 11400000 11910000

34000 14140000 11340000 11820000 11700000 12180000

35000 14350000 11600000 12050000 12000000 12450000

36000 14560000 11860000 12280000 12300000 12720000

37000 14770000 12120000 12510000 12600000 12990000

38000 14980000 12380000 12740000 12900000 13260000

39000 15190000 12640000 12970000 13200000 13530000

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9/25/21, 5:55 AM (16 Pts.) A Manufacturing Firm Is Planning To Open... | Chegg.com
40000 15400000 12900000 13200000 13500000 13800000
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41000 15610000 13160000 13430000 13800000 14070000

42000 15820000 13420000 13660000 14100000 14340000

43000 16030000 13680000 13890000 14400000 14610000

44000 16240000 13940000 14120000 14700000 14880000

45000 16450000 14200000 14350000 15000000 15150000

46000 16660000 14460000 14580000 15300000 15420000

47000 16870000 14720000 14810000 15600000 15690000

48000 17080000 14980000 15040000 15900000 15960000

49000 17290000 15240000 15270000 16200000 16230000

50000 17500000 15500000 15500000 16500000 16500000

51000 17710000 15760000 15730000 16800000 16770000

52000 17920000 16020000 15960000 17100000 17040000

53000 18130000 16280000 16190000 17400000 17310000

54000 18340000 16540000 16420000 17700000 17580000

55000 18550000 16800000 16650000 18000000 17850000

56000 18760000 17060000 16880000 18300000 18120000

57000 18970000 17320000 17110000 18600000 18390000

58000 19180000 17580000 17340000 18900000 18660000

59000 19390000 17840000 17570000 19200000 18930000

60000 19600000 18100000 17800000 19500000 19200000

61000 19810000 18360000 18030000 19800000 19470000

62000 20020000 18620000 18260000 20100000 19740000

63000 20230000 18880000 18490000 20400000 20010000

64000 20440000 19140000 18720000 20700000 20280000

65000 20650000 19400000 18950000 21000000 20550000

66000 20860000 19660000 19180000 21300000 20820000

67000 21070000 19920000 19410000 21600000 21090000

68000 21280000 20180000 19640000 21900000 21360000

69000 21490000 20440000 19870000 22200000 21630000

70000 21700000 20700000 20100000 22500000 21900000

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c. If market demand is 160,000 Solutions
Canada Expert Q&A
is the cheapest Practice Study Pack 

Total cost = 7000000+(160000*210) = 40600000

Revenue = 595*160000 = 95200000

Profit = revenue – total cost = 54600000

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