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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
two documents are attached. the assignment guideline and excel sheet that need to be incorporated while writing the paper. I have already completed the sheet so no need to add anything to it just use the data as reference
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