Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. isabel runs her family's small pineapple processin

Isabel runs her family's small pineapple processing plant, which takes fresh pineapples and cuts...

90.2K

Verified Solution

Question

Accounting

Isabel runs her family's small pineapple processing plant, which takes fresh pineapples and cuts them into pineapple rings, spears, and chunks. The capital stock of the firm consists of three machines of various vintages, each of which can process the pineapples into any of the three different forms. All of the machines are in excellent condition, and all machines can be running at the same time.
\table[[,\table[[Cost of Processing],[per Pineapple]],\table[[Maximum Total],[Capacity (Pineapples)],[per Day]]],[Machine 1,$0.20,200],[Machine 2,0.40,250],[Machine 3,0.80,300]]
Assume that "cost of processing" includes all labor and materials, including the owner's wages. Assume further that Isabel's family signed a long-term contract (20 years) with a service company to keep the machines in good repair for a fixed fee of $3,650 per year, or $10 per day.
Derive the firm's total cost curve.
1.) Using the multipoint curved line drawing tool, draw the total cost curve. Properin label your curve.
Note: Use the multipoint curved line drawing tool one time to draw the entire curve.
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

Describe the results you would get back if you performed a Chip-Seq experiment for an E....

Statistics
1.2K views

The mean SAT score in mathematics is 508 The standard deviation of these scores is...

Calculus
1.2K views

A rancher plans to fence in a rectangular corral adjacent to a river for a...

Calculus
1.2K views

A company determined that the marginal cost C x of producing the xth unit of...

Algebra
1.2K views

Consider the parabola given by the equation Find the following for this parabola y 4x...

Accounting
1.2K views

Tails Corporation purchased and installed electronic payment equipment at its drive-in restaurants in San Marcos,...

Accounting
1.2K views

Gregory Carson is a 25% income beneficiary of the John Carson trust. This year the...

Accounting
1.2K views

Mia Wiz sells computers. During May, it sold 500 computers at a $1,000 per unit...

Accounting
1.2K views

The following unadjusted trial balance is for Ace Construction Company at its June 30 current...

Finance
1.2K views

A borrower asks for a one-year $50,000 bank loan to purchase some furniture with interest...

Finance
1.2K views

A country with 25% of the economy producing tradeables experiences a 10% increase in the...

Finance
1.2K views

Suppose the future market states and the return of an asset is summarized by the...