Question: ECO 610 Managerial Economics Group Assignment 1: Production Cost Part 1: Article Review As a grou…

 home / examine / concern / economics / economics questions and answers / eco 610 managerial economics clump assignment 1: evolution consume dissect 1: name criticism as ... Question: ECO 610 Managerial Economics Clump Assignment 1: Evolution Consume Dissect 1: Name Criticism As a grou... ECO 610 Managerial Economics Clump Assignment 1: Evolution Cost Part 1: Name Criticism As a clump, perceive at meanest indelicate (4) academically criticismed names on evolution consume. Write an annotated bibliography on the indelicate (4) names. Based on the names you criticismed, sift-canvass the lessons you well-informed. Sift-canvass how you would use the knowledge in managerial decision-making. Part 2: Application Based on the materials presented in chapters 5 and 6 of the recommended textbook, enucleate a effect purpose. Describe the effect in component. Assume you accept suited evolution space to construction the effect. What are the consumes associated after a while the manufacturing of this effect? Provide componented consume basis. You consume basis should be segmented into unroving and capricious consumes. Assume that the bargain ask-for for this effect is 500 items and your company’s bargain divide is 5 percent. Based on your consume basis, calculate: Totalconsume Fixedcostperunit(averagefixedcost) Capricious consume per item (mediocre capricious consume) Totalcostperunit(averagetotalcost) Marginalconsume Based on your calculations from #3 and #4, aloft, fruit Graph that shows unroving consume, capricious consume and whole consume Graph that shows mediocre unroving consume, mediocre capricious consume, and mediocre unroving consume. Based on the two graphs, sift-canvass your observations on the comportment of the consumes.