The following costs are for Optical View Incorporated, a contact lens manufacturer: Output in Units Fixed Costs Variable Costs Total Costs 250 $ 4,750 $ 7,500 $ 12,250 300 4,750 9,000 13,750 350 4,750 10,500 15,250 400 4,750 12,000 16,750 Required: 1. Calculate and graph total costs, total variable cost, and total fixed cost. (Use the line tool to draw the total costs, total variable cost, and total fixed cost. To complete the graph, click on a cost item and then click the graph to bring up data coordinates. Enter the exact data coordinates for each cost item. Save each cost item and move to the next.)
The following costs are for Optical View Incorporated, a contact lens manufacturer: Output in Units Fixed Costs Variable Costs Total Costs 250 $ 4,750 $ 7,500 $ 12,250 300 4,750 9,000 13,750 350 4,750 10,500 15,250 400 4,750 12,000 16,750 Required: 1. Calculate and graph total costs, total variable cost, and total fixed cost. (Use the line tool to draw the total costs, total variable cost, and total fixed cost. To complete the graph, click on a cost item and then click the graph to bring up data coordinates. Enter the exact data coordinates for each cost item. Save each cost item and move to the next.)
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter4: Extent (how Much) Decisions
Section: Chapter Questions
Problem 3MC
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Question
The following costs are for Optical View Incorporated, a contact lens manufacturer:
| Output in Units | Fixed Costs | Variable Costs | Total Costs |
|---|---|---|---|
| 250 | $ 4,750 | $ 7,500 | $ 12,250 |
| 300 | 4,750 | 9,000 | 13,750 |
| 350 | 4,750 | 10,500 | 15,250 |
| 400 | 4,750 | 12,000 | 16,750 |
Required:
1. Calculate and graph total costs, total variable cost, and total fixed cost. (Use the line tool to draw the total costs, total variable cost, and total fixed cost. To complete the graph, click on a cost item and then click the graph to bring up data coordinates. Enter the exact data coordinates for each cost item. Save each cost item and move to the next.)
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