Afirm that has recently experienced an enormous growth rate is seeking to lease a small plant in memphis, tn; biloxi, ms; or birmingham, al. prepare an economic analysis of the three locations given the following information: annual costs for building, equipment, and administration would be $43,600 for memphis, $60,000 for biloxi, and $100,000 for birmingham. labor and materials are expected to be $8 per unit in memphis, $4 per unit in biloxi, and $5 per unit in birmingham. the memphis location would increase system transportation costs by $50,000 per year, the biloxi location by $60,000 per year, and the birmingham location by $25,800 per year. expected annual volume is 13,000 units. memphis: ; biloxi: ; birmingham:

The annual costs for Memphis, Biloxi, and Birmingham is $197,600, $172,000 and $255,800 respectively

Explanation:

The computation of the total cost is shown below

For Memphis:

= Annual cost of fixed assets + (annual volume × Labor and materials per unit) + transportation cost

= $43,600 + (13,000 units × $8 per unit) + $50,000

= $197,600

For Biloxi:

= Annual cost of fixed assets + (annual volume × Labor and materials per unit) + transportation cost

= $60,000 + (13,000 units × $4 per unit) + $60,000

= $172,000

For Birmingham:

= Annual cost of fixed assets + (annual volume × Labor and materials per unit) + transportation cost

= $100,000 + (13,000 units × $5 per unit) + $25,800

= $255,800

the u.s. census bureau produces data on the population and economy nationwide. it can you to analyze the kind of people living in your neighborhood. it does not show you the market of people willing to buy your product or an existing market for your product. that will require more market research. the census bureau only gives you an insight to the demographics in your area.