Determining the optimal level of production
Problem: What problems would a firm have in determining its optimal level of production. Give three examples of industries and what factors would influence their ability to estimate the optimal level of production.
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1) Assuming W = 1 and F = 2, draw the marginal cost function (MC), average variable cost (AVC) and the total cost function (TC). Be sure to find Y such that MC = AVC and Y such that MC = AC 2) What is the short run function? (This year in thi
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What problems would a firm have in determining its optimal level of production. Give three examples of industries and what factors would influence their ability to estimate the optimal level of production.
Where you will be distributing your product (global, regional?) Why? Justify global distribution of your product.Shipping - how will you move the product from place to place ( remember air is more expensive than land or water)
Question 1. Based on annual cost, determine the annual volume (in thousands of pounds) at which the company would be indifferent between Options 1 and 2; between Options 2 and 3; and between Options 1 and 3.
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Companies tend to ignore unethical behavior because they have spent too much time and money in ethics training. There are goals that reward unethical behavior to best benefit the company which causes unethical behavior hard to break away from.
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