Latest Activity In Study Groups

Join Your Study Groups

VU Past Papers, MCQs and More

We non-commercial site working hard since 2009 to facilitate learning Read More. We can't keep up without your support. Donate.

Discuss this

Views: 915

Attachments:

Replies to This Discussion

Don't share ur original assignment ... it will get copied!

AC

216.22

241.4

296.3

450

960

2750

yah kon say formalay say AC define kiya hia i cant understand 

AC=Tr/q nahi hoga formula 

quantity = units sold

ac = tc/units sold

See the attached file for another idea solution of ECO401 Assignment

See the attached file for another idea solution of ECO401 Assignment


Attachments:

One more idea solution of ECO401 Assignment#02 Solution

Attachments:

Year

Price (Rs.)

Units sold

TC

2007

350

148

32000

2008

425

145

35000

2009

510

135

40000

2010

630

100

45000

2011

720

50

48000

Estimated2012

1000

20

55000

 

 

 

 

A. Calculate average cost and average revenue of GN for each year.

B. Calculate at each level whether GN is operating at profit or loss.

 

  • Average revenue = total revenue / quantity
  • Total revenue= average revenue x quantity
  • Average cost = total cost /unit produced

 

 

PART A

 

PART B

AC

AR

TR

Profit/Loss

216.3

350

51800

19800  profit

241.4

425

61625

26625  profit

296.3

510

68850

28850  profit

450

630

63000

18000  profit

960

720

36000

-12000  loss

2750

1000

20000

-35000   loss

 

 

 

C-Determine the quantity sold and price level at which the total profit for GN is maximized.

 

 

Price level

Quantity sold

Profit

510

135

28850

 

 

 

 

 

 

D. As a student of Economics, analyze how this incident will affect the over all automobile industry?

 

 

 

Increase in Price will decrease the sale and increase the total cost 

RSS

© 2022   Created by + M.Tariq Malik.   Powered by

Promote Us  |  Report an Issue  |  Privacy Policy  |  Terms of Service