For this assignment you will do a significant portion of work in MS Excel and import it into an MS Word document for submission. You will use the data below to address Price and Output decisions faced by firms that are not in pure competition. Some numbers may be rounded.
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Supply and Demand In a Global Market
|Output||Average Fixed cost||Average Variable Cost||Average Total Cost||Marginal Cost||Price||Total Revenue||Marginal Revenue|
|1||$ 180.00||$ 135.00||$ 315.00||$ 300.00|
|2||$ 90.00||$ 127.50||$ 217.50||$ 249.00|
|3||$ 60.00||$ 120.00||$ 180.00||$ 213.00|
|4||$ 45.00||$ 112.50||$ 157.50||$ 189.00|
|5||$ 36.00||$ 111.00||$ 147.00||$ 165.00|
|6||$ 30.00||$ 112.50||$ 142.50||$ 144.00|
|7||$ 25.71||$ 115.70||$ 141.41||$ 126.00|
|8||$ 22.50||$ 121.90||$ 144.40||$ 111.00|
|9||$ 20.00||$ 130.00||$ 150.00||$ 99.00|
|10||$ 18.00||$ 139.50||$ 157.50||$ 87.00|
Address the following:
Save your MS Word document using the filename LastnameFirstInitial_M4A2 and submit it to the M4: Assignment 2 Dropbox by Wednesday, February 11, 2015.
Quotations, paraphrases, and ideas you get from books, articles, or other sources of information should be cited using APA style. Help with citing sources can be found through the Academic Resources page under Course Home.
|Assignment 2 Grading Criteria||
|Correctly answered all parts of Question 1 and completed Table-1||
|Correctly created a graph showing all required data from Question 2||
|Correctly answered all parts of Question 3, with accurate and complete explanations||
|Correctly answered all parts of Question 4, with accurate and complete explanations||
|Correctly answered all parts of Question 5, with accurate and complete explanations||
|Correctly answered all parts of Question 6, with accurate and explanations||
|Wrote in a clear and concise manner following APA standards, and demonstrated ethical scholarship in accurate representation of sources||
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