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Kaplan BU224 unit 7 assignment

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Question;BU224 Unit 7 Assignment Template;---------------------------------- General Instructions for all Assignments-----------------------------------;1.;Unless specified differently by your course instructor, save this assignment;template to your computer with the following file naming format;Course;number_section number_LAST_FIRST_unit number;2. At the top of the template, insert the;appropriate information: Your Name, Course Number, Section Number and Date;3.;Insert your answers below, or in the appropriate space provided for in the;question. Your answers should follow the;APA format with citations to your sources and, at the bottom of your last page;a list of references. Your answers should also be in Standard English with;correct spelling, punctuation, grammar, and style (double spaced, in Times New;Roman, 12-point, black font). Respond to;questions in a thorough manner, providing specific examples of concepts;topics, definitions, and other elements asked for in the questions.;4. Provide a list of references at the end of;the last page of your assignment.;5.;Upload the completed assignment to the appropriate dropbox.;6.;Any questions about the assignment, or format questions, should be directed to your;course instructor.;-------------------------------------------;Career Competencies -----------------------------------------;In;this assignment, you will engage in developing the following career;competencies;Analyzing;Quantitative Data;Analyzing;Qualitative Data;------------------------------------------- Assignment -------------------------------------------;1. The;accompanying table shows a car manufacturer?s total cost of producing cars.;Quantity of cars;Total Cost;0;$500,000;1;$540,000;2;$560,000;3;$570,000;4;$590,000;5;$620,000;6;$660,000;7;$720,000;8;$800,000;9;$920,000;10;$1,100,000;a.What is;this manufacturer?s fixed cost?;b.For;each level of output except zero output, calculate this manufacturer?s marginal;cost (MC).;c. For each level of output except zero output;calculate the variable cost (VC).;d. For each level of output except zero output;calculate the average variable cost (AVC);e. For each level of output, calculate the average;total cost (ATC);f. For each level of output except zero output;calculate the average fixed cost (AFC).;Quantity of cars;Total Cost;Marginal Cost;b.;Variable Cost;c.;Average Variable Cost;d.;Average Total Cost;e.;Average Fixed Cost;f.;0;$500,000;--;--;--;--;--;1;$540,000;2;$560,000;3;$570,000;4;$590,000;5;$620,000;6;$660,000;7;$720,000;8;$800,000;9;$920,000;10;$1,100,000;g. What number of cars is the manufacturer?s minimum;cost output level?;2.You produce widgets. Currently you;produce 4 widgets at a total cost of $40.;a.What;is your average total cost?;b.Suppose;you could produce one more (the fifth) widget at a marginal cost of $5. If you do produce that fifth widget, what;will your average total cost be? Has your average total cost increased or;decreased? Why?;c.Suppose;instead that you could produce one more (the fifth) widget at a marginal cost;of $20. If you do produce that fifth widget, what will your average total cost;be? Has your average total cost increased or decreased? Why?;--------------------------------------------;References;Unit _7;Practice Assignment Grading Rubric;Content;Percent Possible;Points Possible;Full assignment;100%;40;Overall Writing;20%;8;correct coversheet information at the top of 1st page;5%;2;APA format for answers;3%;1;correct citations;3%;1;standard English no errors;4%;2;At least ONE, or more, references;5%;2;Answers: provides complete information demonstrating;analysis and critical thinking;80%;32;Individual Questions;Calculate this manufacturer?s fixed cost;8%;3;1. b. - Calculate this manufacturer?s marginal cost.;8%;3;1. c. - Calculate this manufacturer?s variable cost.;8%;3;1. d. - Calculate this manufacturer?s average variable cost.;8%;3;1. e. - Calculate this manufacturer?s average total cost.;8%;3;1. f. - Calculate this manufacturer?s average fixed cost;8%;3;1. g. - Identify this manufacturer?s minimum cost output level.;8%;3;2. a. - What is your average cost?;8%;3;2. b. - What is the average total cost of 5th widget, (marginal;cost of $5) why has it changed?;8%;3;2. c. - What is the average total cost of 5th widget, (marginal;cost of $20) why has it changed?;8%;3

 

Paper#52570 | Written in 18-Jul-2015

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