Docsity
Docsity

Prepare for your exams
Prepare for your exams

Study with the several resources on Docsity


Earn points to download
Earn points to download

Earn points by helping other students or get them with a premium plan


Guidelines and tips
Guidelines and tips

Analyzing Firm's Cost Structure - Microeconomics Project, Cuyahoga Community College, Study Guides, Projects, Research of Microeconomics

A project instruction for students in principles of microeconomics at cuyahoga community college. The project involves analyzing a firm's cost structure using data provided in the document. Students are required to complete a table, identify critical data items, determine if there is anything unique about the cost structure, identify cost containment, and draw firm unit and total cost graphs. This project is intended to help students understand the concepts of fixed and variable costs, total cost, marginal cost, and cost containment.

Typology: Study Guides, Projects, Research

Pre 2010

Uploaded on 08/10/2009

koofers-user-mhi-1
koofers-user-mhi-1 🇺🇸

5

(1)

10 documents

1 / 2

Toggle sidebar

This page cannot be seen from the preview

Don't miss anything!

bg1
Cuyahoga Community College - Eastern Campus - Economics Department
Principles of MicroEconomics -- ECON 2620 L. M. Kendra
Project # 11 Chapter 8
Problem Specifics:
A. Fixed Cost is known to be $ 200.
B. Complete the table.
C. Identify and label ALL critical data items.
D. Is there anything unique about the cost structure if this firm?
E. Is cost containment indicated?
F. Draw the Firm Unit and Total Cost Graphs.
Average Average Average
Fixed Variable Total Marginal Fixed Variable Total
Quantity Cost Cost Cost Cost Cost Cost Cost
8 74.00
10 70.00
12 66.00
14 64.00
16 68.00
18 74.00
20 82.00
22 92.00
24 106.00
Note: See graphing grids on Page 2 of this file.
Page 1 of 2
pf2

Partial preview of the text

Download Analyzing Firm's Cost Structure - Microeconomics Project, Cuyahoga Community College and more Study Guides, Projects, Research Microeconomics in PDF only on Docsity!

Cuyahoga Community College - Eastern Campus - Economics Department Principles of MicroEconomics -- ECON 2620 L. M. Kendra Project # 11 Chapter 8 Problem Specifics: A. Fixed Cost is known to be $ 200. B. Complete the table. C. Identify and label ALL critical data items. D. Is there anything unique about the cost structure if this firm? E. Is cost containment indicated? F. Draw the Firm Unit and Total Cost Graphs. Average Average Average Fixed Variable Total Marginal Fixed Variable Total Quantity Cost Cost Cost Cost Cost Cost Cost 8 74. 10 70. 12 66. 14 64. 16 68. 18 74. 20 82. 22 92. 24 106. Note: See graphing grids on Page 2 of this file. Page 1 of 2

Cuyahoga Community College - Eastern Campus - Economics Department Note: This graphing grid form can be used for Projects 9 thru 12. Page 2 of 2