Discussion: Your Hypothetical Firm

Please give us an overview of your firm project.

What is your firm called?

What would it produce? What inputs and capital would you need? What would your fixed costs be and how much would your variable costs be for 100 units? What are your total costs for the first 100 units? How much would you sell your product for? How many years do you think it would take to turn a positive accounting or economic profit?

Estimates are fine. You can be as creative as you wish. It is a great way to understand the production process outlined in this chapter.

After you have posted, read through a few of your classmate’s posts. Comment on the project that you like the most. The student with the most comments on their post will get extra credit!

 

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