{"id":26638,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/price-cost-and-profit-analysis"},"modified":"2017-08-12T07:01:38","modified_gmt":"2017-08-12T07:01:38","slug":"price-cost-and-profit-analysis","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/price-cost-and-profit-analysis\/","title":{"rendered":"Price, Cost, and Profit Analysis"},"content":{"rendered":"<p><b>&#8220;PLEASE SEE ATTACHMENT FOR THE OVERVIEW\/BACKROUND INFOMATION&#8221; ONLY QUUESTIONS 2 &amp; 3 NEED TO BE ANSWERED&#8221;<\/b><\/p>\n<p>Now that you have examined whether your firm is in a competitive industry, let&#8217;s take a look at some questions related to&nbsp;price, cost, and profit analysis.<\/p>\n<p><b>Question 2:&nbsp;<\/b>At the profit-maximizing level, what is the relationship between marginal cost, marginal revenue, price, and average cost for firms in competitive and oligopolistic industries?<\/p>\n<p>The CFO has provided the following information to you:<\/p>\n<ul>\n<li>fixed costs for the MiniZ are $2.75 million<\/li>\n<li>variable cost per unit is $200<\/li>\n<\/ul>\n<p>She wants you to analyze the fixed and variable costs, optimal level of production, and profit for the MiniZ component.<\/p>\n<p><b>Question 3:&nbsp;<\/b>Find Q, P, average cost, and profit for the MiniZ at the profit-maximizing level. (Again, the demand function for the MiniZ is: Q = 50,000 \u2013 25*P.)<\/p>\n<p>Submit your Price, Cost, and Profit Analysis Report and Calculations to the dropbox below. Be sure to show your calculations in Excel and provide a narrative analysis in PowerPoint. Your narrative analysis should summarize the results of your analysis and make recommendations for the benefit of company.<\/p>\n<p>Before you submit your assignment, review the competencies below, which your instructor will use to evaluate your work. A good practice would be to use each competency as a self-check to confirm you have incorporated all of them in your work.<\/p>\n<ul>\n<li>3.1 Identify numerical or mathematical information that is relevant in a problem or situation.<\/li>\n<li>3.2 Employ mathematical or statistical operations and data analysis techniques to arrive at a correct or optimal solution.<\/li>\n<li>3.3 Analyze mathematical or statistical information, or the results of quantitative inquiry and manipulation of data.<\/li>\n<li>3.4 Employ software applications and analytic tools to analyze, visualize, and present data to inform decision-making.<\/li>\n<li>10.1 Apply relevant microeconomics principles to support strategic decisions for the organization.<\/li>\n<li>10.2 Analyze financial statements to evaluate and optimize organizational performance.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;PLEASE SEE ATTACHMENT FOR THE OVERVIEW\/BACKROUND INFOMATION&#8221; ONLY QUUESTIONS 2 &amp; 3 NEED TO BE ANSWERED&#8221; Now that you have examined whether your firm is in a competitive industry, let&#8217;s take a look at some questions related to&nbsp;price, cost, and <a href=\"https:\/\/www.benedictsol.com\/blogs\/price-cost-and-profit-analysis\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-26638","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/26638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=26638"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/26638\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=26638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=26638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=26638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}