A financial analyst has reported the following information about Shangui Corpora
ID: 1187841 • Letter: A
Question
A financial analyst has reported the following information about Shangui Corporation’s cost and production structure:
Year
Total Cost (TC) ($10,000)
Quantity Produced (Q) (Unit)
2009
20
50
2010
22
100
2011
24
120
2012
26
130
Use Ordinary Least Squares Method (OLS) to estimate the ABC Corporation’s total cost function; that is, TC = ÃŽ ² + ÃŽ ² Q ;
What is ABC Co’s marginal cost?
What is ABC Co’s fixed cost?
Calculate scale elasticity at the mean of the data;
In order to reduce unit cost would you recommend an increase or a decrease in total production? Why?
Year
Total Cost (TC) ($10,000)
Quantity Produced (Q) (Unit)
2009
20
50
2010
22
100
2011
24
120
2012
26
130
Explanation / Answer
.
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.