Eco 550 Assignment Operations Decision

Assignment 2 Operations Decision Strayer Managerial Economics and Globalization ECO 550 Assignment 2 Operations Decision Assume you have been hired as a managing consultant by a company to offer some advice that will help it make a decision as to whether it should shut down completely or continue its operations. It currently uses 100 workers to produce 6,000 units of output per month (working 20 days / month). The daily wage (per worker) is 70, and the price of the firms output is 32. The cost of other variable inputs is 2,000 per day. You are told that the firms fixed cost is high enough so that the firms total costs exceed its total revenue. The marginal cost of the last unit is 30. (Ch 7 8 to so briefly describe the details of the fictitious business that you created for this assignment. 1. Briefly describe the details of the fictitious business that you created for this assignment. In this paper, you will learn of a fictitious business, DCM, Inc., based out of Athens, Georgia and is the leading provider of consumers, especially college students, and business-to- organizations of a product known as widgets. DCM, Inc. employees 100 workers and