Description of this paper

Exotic Metals a leading manufacturer

Description

solution


Question

8. Exotic Metals a leading manufacturer of beryllium which is used in many electronic products estimates the following demand schedule for its product;Price ($/Pound)------------Quantity (Pounds/Periods);$25--------------------------------0;18----------------------------------1000;16----------------------------------2000;14----------------------------------3000;12----------------------------------4000;10----------------------------------5000;8------------------------------------6000;6------------------------------------7000;4------------------------------------8000;2------------------------------------9000;Fixed costs of manufacturers beryllium are $14000 per period. The firm's variable cost schedule is as follows;Output (Pounds/Period)-------------------Variable Cost (Per Pound);0--------------------------------------------------------0;1000---------------------------------------------------10;2000---------------------------------------------------8.5;3000---------------------------------------------------7.33;4000---------------------------------------------------6.25;5000----------------------------------------------------5.4;6000----------------------------------------------------5;7000----------------------------------------------------5.14;8000----------------------------------------------------5.88;9000----------------------------------------------------7;e. Suppose that the federal government announces it will sell beryllium from its extensive wartime stockpile to anyone who wants it at $6 per pound. How does this affect the solution determined in Part c? What is exotic metals' profit (or Loss)under these conditions?;Part C is attached

 

Paper#29691 | Written in 18-Jul-2015

Price : $27
SiteLock