Determine the specific details about fictitious company

Reference no: EM13148390

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: EM13148390

Questions Cloud

Why are additional shots needed : Why doesn't flu shots,or any other vaccination, provide protection to a person forever. Why are additional shots needed?

Explain your reasoning and interpret your results : Compute the price elasticity of demand for paint and show your calculations. b) Decide whetherthe demand for paint is elastic, unitary elastic, or inelastic. c) Explain your reasoning and interpret your results

How are clouds and fog similar yet different? : Using the terms absolute humidity, relative humidity, and dew point, describe what must happen for a cloud to form. How are clouds and fog similar yet different?

State hypothesis and alternative hypothesis used for test : Suppose we want to test the hypothesis. State hypothesis Ho and the alternative hypothesis H1 that we would use for this test.

Determine the specific details about fictitious company : Determine the specific details about this fictitious company in order to conduct an environmental scan of this company.

Which two independent variables are statistically different : By examining the t-statistics associated with the regression coefficients, at the 5 percent significance level, which of the two independent variables are statistically different from zero?

Fallen capitalize for intangible assets : During the year, Fallen spent $7,500 on product development and paid $10,000 in continuing franchise fees. What amount should Fallen capitalize for intangible assets in 2010?

Determining patent amortization expense : Remy's lawyers were successful, and the remaining years of benefit from the patent were estimated to be six years. The patent amortization expense for 2014 is

Explain the electromagnetic spectrum, : Explain the electromagnetic spectrum, and how energy from the sun is related to it. Once the sun's energy reaches Earth, describe what happens to the various forms and how the Earth's energy balance handles that energy. Lastly, explain how latitude a..

User Account

All Pages