User Account

All Pages

The Costs of Production, Financial Econometrics

Assignment Help:
•Using MS Excel or a table in MS Word, complete Table-1 (Joseph Farms, Inc., Cost and Revenue Data). ?Assume that the price is $165.
?Assume the fixed costs are $125, at an output level of 1.
?Assume that the data represents a firm in pure competition.
?Show your calculations.

•Explain the MC=MR Rule. Describe the market structures to which this rule applies.
•Create a chart to illustrate the data in Columns 9 and 10.
•Describe the profit maximizing (or loss minimizing) output for this firm. Explain why or why not there an accounting profit?
•Explain why a firm in pure competition is considered to be a “price taker.”

(Assignment continues below Table-1.)

Table-1: Joseph Farms, Inc., Cost and Revenue Data


Column 1

Column 2

Column 3

Column 4

Column 5

Column 6

Column 7

Column 8

Column 9

Column 10

Column 11


Output
Level

Price per unit

Total Fixed Cost

Total Variable Cost

Total Cost

Average Fixed Cost

Average Variable Cost

Average Total Cost

Marginal
Cost

Marginal Revenue

Total Revenue


0





$ -



NA








1





$ 113.00
















2





$ 213.00
















3





$ 300.00
















4





$ 375.00
















5





$ 463.00
















6





$ 563.00
















7





$ 675.00
















8





$ 813.00
















9





$ 975.00
















10





$ 1,163.00

Related Discussions:- The Costs of Production

Fin2000.., need help

need help

International finance assignment, The table below shows the summary of Bala...

The table below shows the summary of Balance of Payments in New Zealand. Note: Net values are given as credits + debits with correct signs in the balance of payment table.

Calculate ads working capital cycle, Q. Calculate ADs working capital cycle...

Q. Calculate ADs working capital cycle? AD, a manufacturing entity, has the following balances at 30 April 2005: Extract from financial statements:      $000 Trade receiv

Show the quick ratio or acid test, Q. Show the Quick ratio or acid test? ...

Q. Show the Quick ratio or acid test? Quick ratio = Current assets less inventories/Current liabilities (times) This ratio measures immediate solvency of a business as it re

The treasurer wants to make equal payments, You want $750,000 to upgrade yo...

You want $750,000 to upgrade your store in 8 years. The treasurer wants to make equal payments at the end of each year into a fund for the purpose of accumulating this amount. If t

New allocation of his inheritance , Adding a Riskless Cash Fund: Assume now...

Adding a Riskless Cash Fund: Assume now that a riskless cash fund P0 is also available to invest in. The risk free rate is 0.05 for both lending & borrowing. Obtain Pythagoras's ne

Acceptance testing, Acceptance Testing is a functional trial done on a prod...

Acceptance Testing is a functional trial done on a product previous to put on the market or distributed to the purchaser. The acceptance testing procedure is intended to replicate

Interest rate parity and interest arbitrage theories, Below is information ...

Below is information about the spot and forward rates for three currencies against the US dollar (USD): (a) Critically discuss the interest rate parity and covered interest

How does this activity lead to a market failure, Question 1: a) Faced ...

Question 1: a) Faced with fierce international competition Mauritius should protect its domestic industries, to survive in such an environment. Discuss. b) "The best way

Chapter , a debit is used to record

a debit is used to record

Write Your Message!

Captcha
Order Assignment

Featured Services

Order Now

Popular Subjects

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd