Mae 101 Mibt

MAE 101 ECONOMIC PRINCIPLES ASSIGNMENT TRIMESTER 2 2011 XYZ Company operating(a) fashion position in hawkish foodstuff savant advert: Student ID: Tutor Name: Due day: 9/9/2011 The XYZ Company is a small manufacturing company operating in a extremely private-enterprise(a) industry. You are diligent by the company as their economic advisor. The company wants you to hear their toll structure, production efficiency, and profitability and future trends in market behaviour. The by-line cost schedule is presented to you: Quantity (Q)| Fixed exist ($)| variable quantity comprise (VC) ($)| summarise be ($)| borderline Cost (MC) ($)| subdue Variable Cost (AVC) ($)| Average ingrained Cost (ATC) ($)| 0| 46| 0| | | | | 1| | 30| | | | | 2| | | 96| | | | 3| | 58| | | | | 4| | 64| | | | | 5| | | 116| | | | 6| | 80| | | | | 7| | 94| | | | | 8| | | 164| | | | 9| | gross| | | | | 1. Fill in the table and graph the results use an excel spread sheet.

Quantity(Q)| Fixed Cost($)| Variable Cost (VC)($)| Total Cost($)| Marginal Cost (MC)($)| Average Variable Cost (AVC)($)| Average Total Cost(ATC)($)| 0| 46| 0| 46| -| -| -| 1| 46| 30| 76| 30| 30| 76| 2| 46| 50| 96| 20| 25| 48| 3| 46| 58| 104| 8| 19.33| 34.67| 4| 46| 64| 110| 6| 16| 27.5| 5| 46| 70| 116| 6| 14| 23.2| 6| 46| 80| 126| 10| 13.33| 21| 7| 46| 94| one hundred forty| 14| 13.43| 20| 8| 46| 118| 164| 24| 14.75| 20.5| 9| 46| 144| 190| 26| 16| 21.11| 2. What do you understand by the term a highly rivalr ous industry? Explain what is meant by dim! inishing returns. From these cost curves condone when diminishing returns set in? Why? The highly competitive industry means the firm in the competitive market with many buyers and traffickers trading identical products and each buyer and seller is a price taker (Gans, 2009). The...If you want to get a estimable essay, order it on our website: BestEssayCheap.com

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