Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Assignment: Market Forms
For this assignment you will do a significant portion of work in MS Excel and import it into an MS Word document for submission. You will use the data below to address Price and Output decisions faced by firms that are not in pure competition. Some numbers may be rounded.
Table 1
Output
Average Fixed cost
Average Variable Cost
Average Total Cost
Marginal Cost
Price
Total Revenue
Marginal Revenue
0
$ 345.00
1
$ 180.00
$ 135.00
$ 315.00
$ 300.00
2
$ 90.00
$ 127.50
$ 217.50
$ 249.00
3
$ 60.00
$ 120.00
$ 213.00
4
$ 45.00
$ 112.50
$ 157.50
$ 189.00
5
$ 36.00
$ 111.00
$ 147.00
$ 165.00
6
$ 30.00
$ 142.50
$ 144.00
7
$ 25.71
$ 115.70
$ 141.41
$ 126.00
8
$ 22.50
$ 121.90
$ 144.40
9
$ 20.00
$ 130.00
$ 150.00
$ 99.00
10
$ 18.00
$ 139.50
$ 87.00
Address the following:
1. Complete Table-1. Summarize your calculations.2. Prepare a graph showing:
o Average Fixed Costso Average Variable Costso Average Total Costso Marginal Revenueo Marginal Costs
3. Using the data in the table and on your graph, explain the profit maximizing, or loss minimizing level of output.
4. Define a normal profit and an economic profit. Are normal profits being earned in this example? Are economic profits present for this firm in this example? Explain your answers.
5. Given the data in the table and the graph, what type of market structure could this be in the short run? Explain your answers.
6. If the data in Table-1 represents the long run, what type of firm must this data represent? Explain your answers.
identify a good or service with which you are familiar. what factors have contributed to changes in the supply of and
Managerial Economics and Business Strategy, 7e Page 1 Proposed Merger between Heinz and Beech-Nut Scrutinized Michael Baye and Patrick Scholten prepared this case to serve as the basis for classroom discussion rather than to represent economic or leg..
Sally Statistics is implementing a system of statistical process control (SPC) charts in her factory in an effort to reduce the overall cost of scrapped product. The current cost of scrap is $X per month.
A. A college instructor's contract is not renewed, because more people are taking online classes and the college does not need as many classroom instructors. B. A worker on the assembly line at Ford is laid off due to a drop in car sales brought on b..
the airline market was deeply impacted by the recession of 2008 and by the following slow recovery. describe
If the U.S. dollar depreciates against the euro and purchasing power parity holds, would a Big Mac in Europe become more or less expensive? Why? If purchasing power parity doesn’t hold, does an American tourist in Europe pay more or less for a Big Ma..
A certain engine lathe can be purchased for $390,000 and depreciated over three years to a zero salvage value with the SL method. This machine will produce metal parts that will generate revenues of $260,000 (time zero dollars) per year.
reflect on the role of proper health nutrition and safety in your own growth and development as a child whether the
Calculate the aggregate production rate. Calculate the appropriate workforce given the aggregate production rate. Show what would happen if this plan were implemented.
1. banks are exposed to interest rate risk primarily becausea interest rates are very difficult to forecast.b borrowers
An analysis of budget line items, costs, sources of revenue, and deficits
Megagroup Healthcare (aka the Group) has approached you as a consultant. The Group has a vague understanding of Fusion Guided Biopsies of the Prostate (FGP). In contacting you the Group asks for paper that includes: What is the break-even number o..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd