Analyze production data and prepare a proposal

Assignment Help Business Economics

Reference no: EM1350559

You have been hired by a monopoly to analyze the following production data and prepare a proposal suggesting how to maximize profits.
Monopoly Firm

Price MR TR Q TC MC ATC AVC

6.4 3.1 6400 1000 6400 3 3.24

The data provided by the company is incomplete. You are to complete columns TR and ATC in the chart and make a short-run recommendation, using one of the recommendation actions from the list below. Remember that your goal is to maximize profits. Prepare a one page paper that includes your solutions to the table, your recommendation action, and justification supporting your recommendation.

Recommendation actions:

1. Remain at current output level.

2. Increase output

3. Decrease output

4. Shut down

5. Uncertain-the figures provided cannot possibly be correct.

Reference no: EM1350559

Questions Cloud

Illustrate what is the composite rate of return : Illustrate what is the composite rate of return for the Honda Motor Corp. engineering group in the previous problem if the reinvestment rate.

Different parenting styles : Briefly describe these five different parenting styles, 1) Permissive 2) Permissive-indulgent 3) Permissive rejecting- neglecting

Management recruiter : You are the recruiter for a position of vice president of sales for a company that sells high apparel on the east coast.

Create a report which identifies five most expensive bicycle : Create a report which identifies five most expensive bicycles. The report must list bicycles in descending order from most expensive to lease expensive, the quantity on hand for each, and the markup percentage for each.

Analyze production data and prepare a proposal : analyze the following production data and prepare a proposal suggesting how to maximize profits.

How many times magnitude of the momentum of the chimpanzee : The bullet becomes embedded in the block. if the coefficient of kinetic friction between the block and surface is .65 what was the speed of the bullet at once before impact.

Calculate the net present value and internal rate of return : You put $800 into an investment that pays $70 in year 1, $70 in year 2, $190 in year 3 and $680 in year 4. The cost of capital is 9 percent. Calculate the net present value and internal rate of return of the investment

Pay for performance systems : Pay for performance systems - explain what is considered factors leading to successful pay for performanc

Explain what happens to the risk at bah : Explain What happens to the risk at BAH vs. Comfy Chair--do you think the strategy of hiring more consultants rather than investing in new equipment is a higher or lower risk than Comfy Chair's strategy of investing in equipment

User Account

All Pages