Even complicated and confusing topics will be easily developed and covered if you request our help writing an essay. Place an order today!

PRyC WP: Add custom content to bottom of post/page: Standard Content START

2 – 4 page Report
Details:

The firm currently uses 50,000 workers to produce 200,000 units of output per day. The daily wage per worker is $80, and the price of the firm’s output is $25. The cost of other variable inputs is $400,000 per day.

Assume that total fixed cost equals $1,000,000. Calculate the values for the following four formulas:
  • Total Variable Cost = (Number of Workers * Worker’s Daily Wage) + Other Variable Costs
  • Average Variable Cost = Total Variable Cost / Units of Output per Day
  • Average Total Cost = (Total Variable Cost +Total Fixed Cost) / Units of Output per Day
  • Worker Productivity = Units of Output per Day / Number of Workers
Then, assume that total fixed cost equals $3,000,000, and recalculate the values of the four variables listed above.

For both cases, calculate the firm’s profit or loss.
 
For both sets of calculations, compare the firm’s output price and the calculated average variable cost and average total cost. Should the firm shutdown immediately when the total fixed cost equals $1,000,000? Should the firm shut down immediately when the total fixed cost equals $3,000,000?
For one of the cases, if the firm can operate at a loss in the short-run, how many employees need to be laid off in order for the company to break even? To calculate the number of workers to be laid off, divide the loss for the two situations by the daily wage per worker. Given a lower number of employees now working at the company, what is the change in worker productivity? Is the change in worker too large, and the firm should shut down immediately? Or in your opinion, can the workers increase their productivity, assuming that the units of output per day remain fixed at 200,000 units, so that the firm operates at a breakeven state?
 
Provide a two to four page report to management of the firm that discusses what should be done.
Be sure to show your work to support the decision you outline in your report.
_______________________________________________________________________________
 

Perfect competition is the first of four basic market models that we study in this course.

Choose a market for a good in your area that seems to be a perfectly competitive market. Write four or five substantive paragraphs that describes the market and answers the following questions:  

  • Identify the buyers and sellers as well as the goods or services.
  • How closely do real world conditions match the characteristics listed in the model?
  • Are the sellers price takers?
  • Do they compete using price?
  • Is the good in question standardized?
  • Is this market regulated by government in any way
  • Explain the competitive environment.
PRyC WP: Add custom content to bottom of post/page
/PRyC WP: Add custom content to bottom of post/page

testimonials icon
Please see attached....
testimonials icon
but do not possess the skill to do so and formatting is off. The most common problems are the data is cut off from on...
testimonials icon
Complete “How Good Are Your Communication Skills?” available on the MindTools® website. Write a 200- to 350-word summary of your communic...
testimonials icon
MAKE SURE TO READ AND FOLLOW  ALL INSTRUCTIONS AND REWORK IN WHAT  THAT IS WRITTEN BELOW THE ROUGH DRAFT ASSIGNMENT....
testimonials icon
 For this Assignment, please respond to the following: Identify key factors in the family environment that influence the behavior...
testimonials icon
/*! elementor - v3.6.5 - 27-04-2022 */ .elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading...
testimonials icon
2 page summary due in 8 hrs APA Style power point attached ...
testimonials icon
see the file down with full information Post VISUAL AID Powerpoint or PDF preferred please you will see my name is list there for the poet...
testimonials icon
1. View the Susan Cain TED Talk, "...
testimonials icon
Integrated Marketing Communications Plan Outline         1.0               Executive Summary The e...
testimonials icon
online class...
Calculate Price

When you use PaperHelp, you save one valuable — TIME

You can spend it for more important things than paper writing.

Approx. price
$65
Order a paper. Study better. Sleep tight. Calculate Price!
Created with Sketch.
Calculate Price
Approx. price
$65