Calculate Marginal Revenue and Marginal Cost

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Reference no: EM132320484

Business Brief: Profit Maximization

To assess your ability to evaluate a company's data to determine its profit maximization point.

The Excel-based assignments examine the use of data in business decision making. In this assignment you are asked to determine the profit maximization point in two scenarios: 1) Perfect competition; and 2) Less-than-perfect competition.

1. Download the Profit Maximization Excel worksheet

2. Your instructor will provide values for the following:

  • Unit price in perfect competition
  • Equation for total cost under perfect competition
  • Equation for unit price under less-than-perfect competition

3. Calculate Marginal Revenue and Marginal Cost and determine the profit maximizing output for a firm under the two scenarios.

4. Examine the two charts that will appear on the Excel spreadsheet after you input the data.

6. Write a 1-page business brief addressing the following: describing the differences between the scenarios. Include answers for the following questions:

  • Describe the differences between the scenarios.
  • Explain the source of the difference between the two scenarios.
  • Comment on the impact on the market and economic agents when the competition is changed from perfect to less-than-perfect competition.

Attachment:- Assignment Files.rar

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This is explanation of graphs of marginal cost and aveeage cost of a production company . Various calculations are done to explain this

Reference no: EM132320484

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Reviews

inf2320484

7/24/2019 4:49:17 AM

Experts Mind keep your momemtum on !!!! I received wonderful work. The writer knows what exactlyh we want in assignment. He must be a brilliant scholar. Woow I passed in this assignment, it was really a tough one. Thanks to Expertmind, without their guidance it wont be possible for me to do so. I hope working together for another time in near future.

len2320484

6/11/2019 11:28:20 PM

It is a one page only, I have worked out the profit maximization sheet. All you need is to reflect the chart resulted from the sheet in the analysis attached is the guidelines and the profit maximization sheet.

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