Android Cell Phones

Create 2 tables to illustrate costs revenues for firm operating in a specific market structure.

Describe the product and the specific cost components of the product. Make the distinction between the fixed and variable costs associated in the production of the product.

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Provide reasons why the firm meets the characteristics of a particular market structure. Explain how this impacts your ability to set price. Does the firm face a downward sloping demand curve ? What price do you charge for your product and why ?

In a table using hypothetical data, please provide total fixed cost, average fixed cost, total variable cost, average variable cost, total cost, average total cost, & marginal cost schedules.

In a second table, indicate your profit maximizing output using price, marginal revenue, and marginal cost schedules. What profit/loss does your firm earn/incur ?

Include a cover & citation page.

The text of the paper is a minimum of 2 pages long. Third page for the two tables.

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