Prepare a proposal suggesting how to maximize profits

Reference no: EM13791979

You have been hired by a monopoly to analyze the following production data and prepare a proposal suggesting how to maximize profits.

Here is what the chart looks like:

Monolopy Firm

Price MR TR Q TC MC ATC AVC

6.4 3.1 1000 6400 3 3.24

The data provided by the company is incomplete.

You are to complete columns TR and ATC in the chart and make a short run recommendation, using one of the recommendatioon actions from the list below. Remember that your goal is to maximize profits.

Prepare a one page paper that includes your solutions to the table, your recommendation action, and justification supporting your recommendation.

Recommendation actions:

1. Remain at current output level

2. Increase output

3. Decrease output

4. Shut down

5. Uncertain-the figures provided can not possibly be correct

Reference no: EM13791979

Questions Cloud

Calculate a few simple ratios : Do some research on the two companies, Target and JcPenney. In particular, look for their most recent financial statements. Calculate a few simple ratios, like the Book Value Per Share, Current Ratio and Profit Margin on Sales.

Break-even analysis is of limited use to management : "Break-even analysis is of limited use to management because a company cannot survive by just breaking even." Do you agree with this statement? Explain your answer.

About methadone maintenance treatment helpful or harmful : Methadone Maintenance Treatment-Helpful or Harmful

Functioning of the most prevalent type : Also often referred to as company or corporations law, corporate law can be defined as the set of authorized rules governing the functioning of the most prevalent type of the current business enterprises. Various entities such as the stakeholders,..

Prepare a proposal suggesting how to maximize profits : Prepare a one page paper that includes your solutions to the table, your recommendation action, and justification supporting your recommendation.

Important for a company to follow a strict budget : Is it important for a company to follow a strict budget even though they may be experiencing phenomenal profits? Do you think there will a bias towards greed when creating the budget for this company? Explain. How does management greed come influence..

Find and describe at least three technological components : Find and describe at least three technological components that are required for data-driven decision making. Be sure to explain how each component is relevant to business analytics.

Assignment on analyzing a social policy : Analyzing a Social Policy

Write on balancing penn foster studies with work and family : Write about Balancing Penn Foster studies with work, family, and other activities and responsibilities. Each paragraph employs a pattern of development that was covered in the reading for this lesson.

User Account

All Pages