Assume you have been hired as a managing consultant by a

Reference no: EM13375307

Assume you have been hired as a managing consultant by a company to offer some advice that will help it make a decision as to whether it should shut down completely or continue its operations. It currently uses 100 workers to produce 6,000 units of output per month (working 20 days / month). The daily wage (per worker) is $70, and the price of the firm's output is $32.

The cost of other variable inputs is $2,000 per day. You are told that the firm's fixed cost is "high enough" so that the firm's total costs exceed its total revenue. The marginal cost of the last unit is $30. This assignment allows you to determine the specific details about this fictitious company in order to conduct an environmental scan of this company.

Reference no: EM13375307

Questions Cloud

Suppose there are nine sellers and nine buyers each willing : suppose there are nine sellers and nine buyers each willing to buy or sell one unit of a good with values 10 9 8 7 6 5

2 consider toms labor supply decision tom can earn 15 per : 2. consider toms labor supply decision. tom can earn 15 per hour but he faces a 20 tax rate and pays 4 per hour in

The graph below shows the equilibrium level of income for : the graph below shows the equilibrium level of income for two sector economy.questions1.what is the value of x y

Question 1nbspa firm that emerges as the only seller in an : question 1nbspa firm that emerges as the only seller in an industry with economies of scale is

Assume you have been hired as a managing consultant by a : assume you have been hired as a managing consultant by a company to offer some advice that will help it make a decision

Suppose the yield to maturity on a 2 year treasury note was : suppose the yield to maturity on a 2 year treasury note was 4.5 while the yield on a 1 year not was 5.5 assume that

Flexible exchange rates and economic policiesin the : flexible exchange rates and economic policiesin the is-lm-bp model suppose the consumption function and the investment

The microeconomic paper tests your ability to apply : the microeconomic paper tests your ability to apply economic principles to a business decision. select one situation

Suppose that a new law requires every firm to provide its : suppose that a new law requires every firm to provide its workers with free parking spaces. these spaces are worth 200

User Account

All Pages