Otto the bus driver is also a producer of oranges in a, Ask an Expert

Management Studies

Otto the Bus Driver is also a producer of oranges in a perfectly competitive market that is currently in long-run equilibrium at the price of $50. At equilibrium quantity of 100 trees, Otto’s average variable cost per tree is $35. Draw a graph for both the industry and Otto’s firm (include MR, MC, ATC, and AVC) Label the area of Otto’s Total Revenue Label the area of Total Cost Label the shut down point Describe Otto’s firm in terms of the following Productive efficiency Allocative efficiency With side-by-side graphs, show the results of an increase in demand for oranges and identify what happens to the following in the short run. Price for Otto’s firm Quantity for Otto’s firm.

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91703793

Have any Question?Write your Review or question?

Related Questions in Operation Management

1 give an example illustrating how social trends present

1. Give an example illustrating how social trends present both opportunities and threats to businesses in high-tech industries. Discuss in detail. (500 words minimal) 2. Do you think that the people in Rawls's "original ...

Information systems have a direct impact on employer such

Information systems have a direct impact on employer such as travel agents and their general relevance. Name at least one other industry or job that has been directly affected by information systems and their implementat ...

1 how can you use video to support your customers or to

1. How can you use video to support your customers or to train staff on handling customer relations? Discuss a scenario and content of such a video briefly 2. Explain how an airline’s inventory management system and reve ...

1 a forward pass is required while computing the early

1. A Forward pass is required while computing the early start and early finish times of activities. A. True B. False 2. CPM network scheduling assumes a second order (non-linear) time-cost tradeoff exists. A. True B. Fal ...

Typical ways in which firms organize their international

Typical ways in which firms organize their international activities are: 1) domestic structure plus export department; 2) domestic structure plus foreign subsidiary; 3) International division; 4) global functional (i.e., ...

The following tentative auditorrsquos report was drafted by

The following tentative auditor’s report was drafted by a staff accountant and submitted to a partner in the accounting firm of Better & Best, CPAs: AUDIT REPORT To the Audit Committee of American Broadband, Inc. We have ...

The facilities housekeeping department at st lukes hospital

The facilities housekeeping department at St. Luke's Hospital has determined that the appropriate cost driver for housekeeping costs is patient-days. There are 10,000 patient-days per month. The department has collected ...

Read the following questions and use what you have learned

Read the following questions, and use what you have learned about the Organizational Theory to summarize your responses in a 3 full pages, excluding the title and reference pages (APA formatting required): a. What influe ...

1 mention 3 service companies that used both focus and cost

1. Mention 3 service companies that used both focus and cost strategy. 2. Do they hackers perform a public service by finding and publicizing computer security weaknesses? 3. Describe a situation you experienced in your ...

Assignment using and applying badrul khans web-based

Assignment : Using and Applying Badrul Khan's Web-based Framework Use and apply Badrul Khan's Web-based Framework to evaluate an online course offered by a corporate organization for training purposes, academic course, o ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Operation Management Expert