SOM 307 - Data Analysis and Modeling » Fall 2021 » EconFinOMA1
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Question #1
Given the data containing the volume of production (or sales), and corresponding sales price and total costs. Volume of Production - Price (dollars) - Total Production Cost (dollars) 10 1638 16977 30 1337 21582 35 1155 23999 45 1074 27003 70 823 33774 100 400 39816 Compute the total fixed costs.
A.
13037 dollars.
B.
19544 dollars.
C.
19606 dollars.
D.
12897 dollars.
E.
14646 dollars.
Question #2
Given the data containing the volume of production (or sales), and corresponding sales price and total costs. Volume of Production - Price (dollars) - Total Production Cost (dollars) 10 1638 16977 30 1337 21582 35 1155 23999 45 1074 27003 70 823 33774 100 400 39816 Compute the variable cost per unit of product.
A.
271 dollars.
B.
196 dollars.
C.
260 dollars.
D.
241 dollars.
E.
214 dollars.
Question #3
Given the data containing the volume of production (or sales), and corresponding sales price and total costs. Volume of Production - Price (dollars) - Total Production Cost (dollars) 10 1638 16977 30 1337 21582 35 1155 23999 45 1074 27003 70 823 33774 100 400 39816 Compute the maximum potential sales price.
A.
1595 dollars.
B.
1577 dollars.
C.
1592 dollars.
D.
1877 dollars.
E.
1709 dollars.
Question #4
Given the data containing the volume of production (or sales), and corresponding sales price and total costs. Volume of Production - Price (dollars) - Total Production Cost (dollars) 10 1638 16977 30 1337 21582 35 1155 23999 45 1074 27003 70 823 33774 100 400 39816 Compute the slope of the demand curve.
A.
H12-5.1
B.
-13.66
C.
E: -10.33
D.
G11-16.81
E.
F13-13.2
Question #5
Given the data containing the volume of production (or sales), and corresponding sales price and total costs. Volume of Production - Price (dollars) - Total Production Cost (dollars) 10 1638 16977 30 1337 21582 35 1155 23999 45 1074 27003 70 823 33774 100 400 398166 Compute the maximum potential sales quantity. The potential answers are:
A.
107 units.
B.
129 units.
C.
127 units.
D.
146 units.
E.
170 units.
Question #6
Given the data containing the volume of production (or sales), and corresponding sales price and total costs. Volume of Production - Price (dollars) - Total Production Cost (dollars) 10 1638 16977 30 1337 21582 35 1155 23999 45 1074 27003 70 823 33774 100 400 39816 What percentage of total costs can be estimated based on the volume of production? The potential answers are:
A.
99%
B.
84%
C.
93%
D.
94%
E.
90%
Question #7
Given the data containing the volume of production (or sales), and corresponding sales price and total costs. Volume of Production - Price (dollars) - Total Production Cost (dollars) 10 1638 16977 30 1337 21582 35 1155 23999 45 1074 27003 70 823 33774 100 400 39816 Compute the standard deviation of your total costs estimate.
A.
903 dollars.
B.
1606 dollars.
C.
846 dollars.
D.
1283 dollars.
E.
1270 dollars.
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