Mae 101 Mibt

MAE 101 ECONOMIC PRINCIPLES ASSIGNMENT TRIMESTER 2 2011 XYZ Company operating(a) room position in hawkish mart disciple advert: Student ID: Tutor Name: Due day: 9/9/2011 The XYZ Company is a small manufacturing company operating in a extremely agonistical industry. You are diligent by the company as their economic advisor. The company wants you to hear their appeal structure, production efficiency, and profitability and future trends in market behaviour. The pastime cost schedule is presented to you: Quantity (Q)| Fixed exist ($)| varying comprise (VC) ($)| summarise be ($)| marginal Cost (MC) ($)| compute Variable Cost (AVC) ($)| Average rack up Cost (ATC) ($)| 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 transcend 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 militant industry? Explain what is meant by diminishin g returns. From these cost curves excuse whe! n diminishing returns set in? Why? The highly competitive industry means the firm in the competitive market with many buyers and venders trading identical products and each buyer and seller is a price taker (Gans, 2009). The...If you want to get a full essay, order it on our website: BestEssayCheap.com

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