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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 firm's output is $32. The cost of other variable inputs is $2,000 per day. You are told that the firm's fixed cost is high enough so that the firm's total costs exceed its total revenue. The marginal cost of the last unit is $30. (Ch 7 & 8 to solve)
This assignment allows you to determine the specific details about this fictitious company in order to conduct an environmental scan of this company.
Write a three (3) page paper in which you:
Your assignment must follow these formatting requirements:
The specific course learning outcomes associated with this assignment are:
Length: 3 pages (927 Words)
Gen Inc was formed in August, 1997 to develop, manufacture and market a flexible product line of highly cost effective assembly robots.
Gen deals with robotics products, whether dealing with the electronics industry or other manufacturing applications, the goal being: production flexibility and cost reduction. Current and future Gens products cover proprietary designs yielding substantial benefits over competitive products. Gen was founded to address one of the major problems facing manufacturers of electronic components and systems today. Gen has been formed by a team of experienced executives to design a line of products whose sole purpose is to provide manufacturing flexibility and cost (Allen, Weigelt, Doherty, & Mansfield, 2009).