The following table presents the price, cost and production of Samsung mobile company in 2018. In the short run, the price of the commodity is Rs.4.00 that is fixed by management. Answer the following questions by using the data given from the management. |Quantity | Total Cost Variable Cost ? 0. Rs.90 Rs.28 4 Rs.110 ? 6. Rs.64 8 Rs.144 10 Rs.104 13 Rs.192 16 ? Rs.162 19 Rs.264 22 Rs.262 25 Rs.404 A) By using these data table, calculate the company's other costs such as Average Fixed Cost (AFC), Total Cost (TC), Marginal Cost (MC), Average Cost (AC), Variable Cost (VC), Average Variable Cost (AVC), Total Revenue (TR), Marginal Revenue (MR), Average Revenue (AR) and profit (n). (10 marks) B) Find out the breakeven point and indicate the equilibrium quantity and price for the company. (5 marks) C) Draw diagrams for AFC, AVC, AC, MC, TC, TR, MR and AR of the Samsung mobile company. (S marks)

The following table presents the price, cost and production of Samsung mobile company in 2018. In the short run, the price of the commodity is Rs.4.00 that is fixed by management. Answer the following questions by using the data given from the management. |Quantity | Total Cost Variable Cost ? 0. Rs.90 Rs.28 4 Rs.110 ? 6. Rs.64 8 Rs.144 10 Rs.104 13 Rs.192 16 ? Rs.162 19 Rs.264 22 Rs.262 25 Rs.404 A) By using these data table, calculate the company's other costs such as Average Fixed Cost (AFC), Total Cost (TC), Marginal Cost (MC), Average Cost (AC), Variable Cost (VC), Average Variable Cost (AVC), Total Revenue (TR), Marginal Revenue (MR), Average Revenue (AR) and profit (n). (10 marks) B) Find out the breakeven point and indicate the equilibrium quantity and price for the company. (5 marks) C) Draw diagrams for AFC, AVC, AC, MC, TC, TR, MR and AR of the Samsung mobile company. (S marks)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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