Redstone production cost data

Assignment Help Business Management
Reference no: EM131438158

The spreadsheet below gives some of Redstone's production cost data. A template for the spreadsheet is provided in the Course Materials. Add columns to show, respectively, average fixed cost (AFC), average variable cost (AVC), average total cost (ATC), and short-run marginal cost (SMC). Then, add columns to show, respectively, total revenue (TR), marginal revenue (MR), total profit, average profit, and profit margin.

Assume that the world market demand and supply curves for clay fire pots intersect at $190 per unit.

How do I get started and where do I get the numbers from to get the required extra columns?

Q

 TC

TFC

TVC

0

7,000

7,000

-  

100

14,000

7,000

7,000

200

23,000

7,000

16,000

300

32,000

7,000

25,000

400

43,000

7,000

36,000

500

52,000

7,000

45,000

600

74,000

7,000

67,000

700

97,000

7,000

90,000

800

111,000

7,000

104,000

900

132,000

7,000

125,000

1000

152,000

7,000

145,000

Reference no: EM131438158

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