i like your business idea, and also you did a great job of breaking down the variable costs! that's excellent research! most of your calculations are correct and additionally most of your graphs. the average cost value should be $37920 not $60, since 379200 + (600*10)/10 = $37920 for the graph of the slope of the average cost you have the correct shape but the wrong value since your average cost calculation was off. additionally, the marginal cost graph should start up higher at the fixed cost value. other than those couple of issues, nice post! i like how you went into good detail in the prospectus section.
I am really sad that i didn't think about writing everything out and taking pictures... so jealous. Beyond that though, i love your company!
ReplyDeleteI think you did a great job! although I wish your handwriting was more clear, but in general it was a descriptive blog
ReplyDeletescott,
ReplyDeletei like your business idea, and also you did a great job of breaking down the variable costs! that's excellent research! most of your calculations are correct and additionally most of your graphs. the average cost value should be $37920 not $60, since 379200 + (600*10)/10 = $37920 for the graph of the slope of the average cost you have the correct shape but the wrong value since your average cost calculation was off. additionally, the marginal cost graph should start up higher at the fixed cost value. other than those couple of issues, nice post! i like how you went into good detail in the prospectus section.
professor little