Mae 101 Mibt

MAE 101 ECONOMIC PRINCIPLES ASSIGNMENT TRIMESTER 2 2011 XYZ Company operating(a) get on position in hawkish grocery bookman advert: Student ID: Tutor Name: Due day: 9/9/2011 The XYZ Company is a small manufacturing company operating in a extremely warring industry. You are diligent by the company as their economic advisor. The company wants you to hear their woo structure, production efficiency, and profitability and future trends in market behaviour. The by-line cost schedule is presented to you: Quantity (Q)| Fixed exist ($)| inconsistent comprise (VC) ($)| summarise be ($)| borderline Cost (MC) ($)| reduce Variable Cost (AVC) ($)| Average check Cost (ATC) ($)| 0| 46| 0| | | | | 1| | 30| | | | | 2| | | 96| | | | 3| | 58| | | | | 4| | 64| | | | | 5| | | 116| | | | 6| | 80| | | | | 7| | 94| | | | | 8| | | 164| | | | 9| | receipts| | | | | 1. Fill in the table and graph the results use an surpass 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 free-enterprise(a) industry ? Explain what is meant by diminishing ret! urns. From these cost curves inform when diminishing returns set in? Why? The highly competitive industry means the firm in the competitive market with many buyers and marketers trading identical products and each buyer and seller is a price taker (Gans, 2009). The...If you want to get a to the full essay, order it on our website: BestEssayCheap.com

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