Cost Analysis and Estimation

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Cost Analysis and Estimation F U N D A M E N T A L S O F MANAGERIAL ECONOMICS M A R K H I R S C H E Y Chapter 8 Cost Analysis and Estimation PowerPoint Presentation by Charlie Cook © 2003 South-Western/Thomson Learning

Short-Run Cost Curves Figure 8.1 Fundamentals of Managerial Economics 7e

Total Cost Function for a Production System Exhibiting Increasing, Then Decreasing, Returns to Scale Figure 8.2 Fundamentals of Managerial Economics 7e

Short-Run Cost Curves for Four Scales of Plant Figure 8.3 Fundamentals of Managerial Economics 7e

Long-Run Average Cost Curve as the Envelope of Short-Run Average Cost Curves Figure 8.4 Fundamentals of Managerial Economics 7e

Effect of Transportation Costs on Optimal Plant Size Figure 8.5 Fundamentals of Managerial Economics 7e

Three Possible Long-Run Average Cost Curves for a Multiplant Firm Figure 8.6 Fundamentals of Managerial Economics 7e

Plainfield Electronics: Single Versus Multiplant Operation Figure 8.7 Fundamentals of Managerial Economics 7e

Probability Distributions of Demand Figure 8.8 Fundamentals of Managerial Economics 7e

Alternative Plants for Production of Expected 5,000 Units of Output Figure 8.9 Fundamentals of Managerial Economics 7e

Long-Run Average Cost Curve Effects of Learning Figure 8.10 Fundamentals of Managerial Economics 7e

Learning Curve on an Arithmetic Scale Figure 8.11 Fundamentals of Managerial Economics 7e

Linear Cost-Volume-Profit Chart Figure 8.12 Fundamentals of Managerial Economics 7e

Breakeven and Operating Leverage Figure 8.13a Fundamentals of Managerial Economics 7e

Breakeven and Operating Leverage (cont’d) Figure 8.13b Fundamentals of Managerial Economics 7e

Breakeven and Operating Leverage (cont’d) Figure 8.13c Fundamentals of Managerial Economics 7e

Cost and Production Functions Figure P8.1 Fundamentals of Managerial Economics 7e

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