[SOLVED] Describe the product, assume you have sufficient production capacity to manufacture the product, what are the costs associated with manufacturing of the product? Provide detailed costs data. Yoou cost data should be segmented into fixed and variable cost
May 30th, 2022
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[SOLVED] Describe the product, assume you have sufficient production capacity to manufacture the product, what are the costs associated with manufacturing of the product? Provide detailed costs data. Yoou cost data should be segmented into fixed and variable cost
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Assume that the market demand for this product is 500units and your company’s ,market share is 5%. Based on your cost data, calculate
total cost, fixed cost per unit, variable cost per unit., Total cost per unit and Marginal cost.
Based on the calculations above, produce a graph that fixed cost, variable cost and total cost.
graph on average fixed cost, average variable cost and average fixed cost.
discuss your observations on behaviour of costs between above two graphs.
REQUIREMENT: Plagiarism less than 20% and APA format.
