Microeconomics Unit 3 Individual Project

Microeconomics Unit 3 Individual Project - Microeconomics...

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Microeconomics Unit 3 Individual Project 1 Microeconomics Unit 3 Individual Project Warren Synecky ECON220-1002B-13 May 13th, 2010 At $1,000,000 Fixed Cost Total Variable Cost = $4,400,000 Total cost per day = $5,400,000 Average Variable Cost = $22 Average total Cost = $27 Worker Productivity = 4 Loss = $2 per day per unit = $ 400,000 # to be laid off = 5000 New number of employees = 45,000 New number of products being made at current productivity= 180,000 Number of products each employee would need to make to equal previous output = 4.44 per day
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Microeconomics Unit 3 Individual Project 2 Total # of products company needs to make to break even = 216,000 per day Number of products each employee would need to make to break even (total cost / # of employees) / $25 = 4.8 At $3,000,000 Fixed cost Total Variable Cost = $4,400,000 Total cost per day = $7,400,000 Average Variable Cost = $22 Average total Cost = $37 Worker Productivity = 4 Loss = $12 per day per unit = $ 2,400,000 # to be laid off = 30,000
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Microeconomics Unit 3 Individual Project - Microeconomics...

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