Business brief describing the relationship among the costs

Assignment Help Business Economics

Reference no: EM132331217

To assess your ability to evaluate a company's data to determine its cost minimization point.

The Excel-based assignments examine the use of data in business decision making. In this assignment short-run cost minimization is examined given variable costs that change with quantity produced and fixed costs that cannot be changed in the short-run.

Already worked out the excel sheet calculating the following:
• Fixed cost
• Variable cost
• total costs for the seven labor/output scenarios.
• average fixed cost
• average variable cost
• average total costs
• marginal costs

Attached is the sheet for your reference.

Examine the chart that will appear on the Excel spreadsheet after you input the data.

Write a 1-page business brief describing the relationship among the costs. Include a copy of the graph showing cost minimization output.

Attachment:- Week ShortRunCostsMin.rar

Reference no: EM132331217

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