I have completed this assignment. However there were some changes that needed to be made. My professor has outlined the changes in the power point. The grading rubric is also within the powerpoint. I used the wrong excel sheet in the beginning, and i am now attaching the correct one. Please review slide numbers 1,2,6,9,11,14 and make necessary corrections. Please use the attached excel.
Remarks from Professor-
Deliverable 6 asked that you evaluate
the profit maximizing quantity and price for your product to submit to your
manager. You were given an Excel file with data
to be used to calculate ATC, AVC, MC. You were then asked to use that
information to support your discussion of Profit Maximization and Profit/Loss,
shutdown.
I have included a list on the second slide
of your presentation showing you were you included the necessary information,
where the information was not correct, or it it was missing from your
submission.
You can find additional comments on the
areas of your work assessed in the body of your presentation and the rubric at
the end of the presentation highlights your grade.
Competency
Understand economic terminology and economic definitions pertaining to decisions made by managers.
Course Scenario
Oil Company X is a large oil refinery which has been expanding and
taking on new investment projects. Recently, they have considered
building a pipeline that stretches across the United States, from Canada
to New Orleans. As an alternate investment, they are considering
increasing production at existing facilities.
In order to compare these investment opportunities, the head of the
Cost Analysis Department has tasked you with finding the profit
maximizing quantity and price if production continues at existing
facilities. You will then present this to the head of the department in a
meeting, along with supporting documentation such as cost curves, data
tables, and equations.
Instructions
As a Cost Analyst at your firm, you are being asked to evaluate the
profit maximizing quantity and price for your product to submit to your
manager. Assume that your firm is a monopoly supplier of oil in your
region, due to extensive trade restrictions.
Another team member in the Cost Analysis Department has compiled the necessary data in the linked spreadsheet.
You will have to complete the missing columns for ATC, AVC, and MC. If
the company is incurring a profit, include the amount of the profit
earned when quantity and price are maximized. If your company is
incurring a loss, prove whether it should shut down or continue
operating at a loss. Use graphs and equations to support your argument.
You will create a short screen recording with narration arguing your
case to your manager. Create a PowerPoint presentation to support your
recommendation which can serve as the visuals for your recorded screen
capture.
There are many free screen recording software/Webware options
available (such as Screencast-O-Matic) to use in presenting your
PowerPoint. Make sure that both your voiced narration and the PowerPoint
slides are captured during your screen recording.
Be sure to include a cohesive introduction and conclusion of your
findings. Your body slides should include any relevant curves created in
Excel from the data spreadsheet.
After recording, paste a link to the recording on the last slide of
the PowerPoint presentation. Attach the PowerPoint presentation as well
as the Excel spreadsheet showing how you created the curves and obtained
the profit maximizing quantity and price, as well as the corresponding
profit or loss.
Format your PowerPoint to include a title page, introduction, body
slides, conclusion, and references. Remember to cite your sources using
correct APA format, and also use correct grammar, spelling, and
formatting.
0 comments