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Author Question: Refer to Table 11-9. Clock It To Me manufactures clock radios. The table above shows estimates of ... (Read 92 times)

ssal

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on: Jun 29, 2018
Refer to Table 11-9. Clock It To Me manufactures clock radios. The table above shows estimates of fixed cost per period and average variable cost for three possible plant sizes.
 
  a. You are employed as the company's cost accountant and have been asked to prepare cost estimates for various output levels for each of the three possible plant sizes. Record your calculations in the table below.
  Average Cost of Production
   5,000 Clock
  Radios 8,000 Clock
  Radios 20,000 Clock
  Radios
  Small plant
  Medium plant
  Large plant
 
  b. For each of the three output levels, which plant size will generate the lowest average total cost of production?
  c. Suppose the firm currently sells 8,000 clock radios per period (using the optimal plant size for this output level). Now, however, it has just secured a long-term contract to supply 20,000 clock radios per period. In the short run, what is the average total cost of producing 20,000 clock radios? Provide a numerical value based on your answer in part a.
  d. What happens to average total cost of production in the long run? Provide a numerical value based on your answer in part a.

Question 2

Explain why market power leads to a deadweight loss. Is the total deadweight loss from market power in the United States large or small?
 
  What will be an ideal response?
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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robbielu01

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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ssal

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Reply #2 on: Jun 29, 2018
Thank you


robbielu01

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Reply #3 on: Jun 29, 2018
No problemo


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