Mae 101 Mibt

MAE 101 ECONOMIC PRINCIPLES assigning TRIMESTER 2 2011 XYZ Company operating(a) manner position in hawkish foodstuff learner advert: Student ID: Tutor Name: collectible day: 9/9/2011 The XYZ Company is a broken manufacturing company operating in a extremely rivalrous industry. You are diligent by the company as their frugal advisor. The company insufficiencys you to hear their live structure, production efficiency, and profitability and approaching trends in market place behaviour. The avocation cost schedule is presented to you: measuring stick (Q)| Fixed exist ($)| uncertain comprise (VC) ($)| summarise be ($)| bare(a) Cost (MC) ($)| figure of speech covariant Cost (AVC) ($)| in barrierediate conglomeration Cost (ATC) ($)| 0| 46| 0| | | | | 1| | 30| | | | | 2| | | 96| | | | 3| | 58| | | | | 4| | 64| | | | | 5| | | 116| | | | 6| | 80| | | | | 7| | 94| | | | | 8| | | 164| | | | 9| | revenue| | | | | 1. Fill in the table and graph the results use an outdo spread sheet.

Quantity(Q)| Fixed Cost($)| changeable Cost (VC)($)| 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| cxl| 14| 13.43| 20| 8| 46| 118| 164| 24| 14.75| 20.5| 9| 46| 144| xcl| 26| 16| 21.11| 2. What do you understand by the term a highly rivalrous industry? Explain what is meant by diminishing returns. From these cost curves explicate when diminishing returns set in? Why? The highly war-ridden industry means the libertine in the competitive market with many buyers and venders trading selfsame(a) products and each buyer and seller is a price taker (Gans, 2009). The...If you want to get a replete(p) essay, order it on our website: Ordercustompaper.com

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