Estimate the selling price and profit, Cost Accounting

Slash and Burn is a monopolist that can sell its output at these prices and with these total costs:

                   Output             Price        Total Cost

                     4                    $27                 $28

                     5                      26                   34

                     6                      25                   42

                     7                      24                   52

                     8                      23                   64

                     9                      22                   88

                    10                      21                 105

                    11                      20                 125

                    12                      19                 148

                    13                      18                 174

                    14                      17                 204

a)   What level of output will Slash and Burn choose to produce? What will the selling price and profit be?

b)   Suppose that Slash and Burn produced at the level that a perfectly competitive industry would, with marginal cost equal to price. What would be the output, price and profit?

Posted Date: 3/30/2013 3:33:36 AM | Location : United States







Related Discussions:- Estimate the selling price and profit, Assignment Help, Ask Question on Estimate the selling price and profit, Get Answer, Expert's Help, Estimate the selling price and profit Discussions

Write discussion on Estimate the selling price and profit
Your posts are moderated
Related Questions
WORKED EXAMPLES OF EXPECTED CASH COLLECTIONS PATTERNS

COST CONCEPTS / CLASSIFICATION OF COSTS 1. According to functions Administration cost / office cost Selling cost Production cost / factory cost / manufacturing c

Income Statement - Cost Accunting: A starting entrepreneur has come up with a plan to start a Gaming Outlet in Haarlem. He would like to buy a building which will cost € 700.0

The Critical Thinking about CVP is described below CVP is more than just a mathematical tool/device to calculate values such as the break-even point. It can be used for the cri

Piece Rate System - Labour Remuneration However an employee is paid a fixed amount for all units produced irrespective of time in use; the wages payable are computed like fo

Mr. Homer Simpson, President and Chief Executive Officer of Duff's Beer Making Supplies Inc. recently hired you as the new budget analyst for his company.  As your first duty, he h

describe the procedures involved in payroll labour cost accounting

how can a poorly controlled budget cause problesm for a business?

i want to understand everything about contract account

asdfdf afd s