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Remember to cite the source with at least three scholarly sources. If there are any questions please free to ask. I will upload the Unit 5 podcast.
For the Units 5 and 6 Complete, you must either use automatic formulas in each cell of the spreadsheet (for example, (b8-b1)/2) or submit a document showing where you have worked out the calculations by hand. Just typing in how the cost measures are calculated (for example, ATC = TC/Q) will not be sufficient. This is a very important step in showing that you understand the calculations and know how to apply the concept of profit maximization. You will not receive full credit for your spreadsheet if you do not show your detailed work.
Please let me know if you need any clarification on how these calculations should be submitted.
Thank you!
Redstone Clayworks, Inc. is located in Sedona, Arizona and manufactures clay fire pits for patios. They are one of about two dozen firms around the world that manufacture and sell clay fire pits for retailers such as Home Depot, Lowe’s, Front Gate, and other upscale home product chains. There is virtually no product differentiation. A clay fire pit is a clay fire pit.
Assume that the world market demand and supply curves for clay fire pots intersects at $200 per unit.
The spreadsheet provided in the Course Materials gives some of Redstone’s production cost data. Add columns to show, respectively, average fixed cost (AFC), average variable cost (AVC), average total cost (ATC), and short-run marginal cost (SMC). Then, add columns to show, respectively, total revenue (TR), marginal revenue (MR), total profit, average profit, and profit margin.
Place your completed spreadsheet in the Drop Box, and use it to answer the following questions. Your spreadsheet is worth 15 points.
Your spreadsheet must include formulas showing how you arrived at the calculations. As an alternative, you may also submit a document showing your step-by-step calculations for each of the cells. You will not receive credit if you do not show your work using one of these two methods.
For Questions 2, 4, and 5, be sure to employ both of the General Rules for Implementing the Output Decision in your explanations.
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Performance is a critical component of system design requirements. As a company begins to add applications and services to its current system, its performance results will vary. To mitigate issues, a company must first establish a baseline, identify system performance metrics, and then monitor tasks and activities against the baseline.
To complete this assignment, answer the following questions in a minimum of 3 pages (not counting title page and references page):
NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.
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Topic: Improve Quality of Life for Employees and Employers/ Work life balance Applying Theory to Practice Your final project, the 8–10 page Applying Theory to Practice paper, is due in this unit. The purpose of this paper is to delve further into an evidence-based examination of the research and practices of the I/O subfield you…
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