Advantages and Disadvantages of Project Management Softwares

In: Business and Management

Submitted By georgeamigo
Words 961
Pages 4
TITLE PAGE

Quantity of Workers | Quantity of Ovens | Quantity of Loaves of Bread Produced | Cost of Ovens | Cost of Workers Per Week | Total Cost | 0 | 2 | 0 | 500 | 0 | 500 | 1 | 2 | 50 | 500 | 450 | 950 | 2 | 2 | 125 | 500 | 900 | 1400 | 3 | 2 | 210 | 500 | 1350 | 1850 | 4 | 2 | 300 | 500 | 1800 | 2300 | 5 | 2 | 410 | 500 | 2250 | 2750 | 6 | 2 | 550 | 500 | 2700 | 3200 | 7 | 2 | 625 | 500 | 3150 | 3650 | 8 | 2 | 660 | 500 | 3600 | 4100 | 9 | 2 | 700 | 500 | 4050 | 4550 | 10 | 2 | 730 | 500 | 4500 | 5000 |

Average total cost=Total costTotal output
Marginal product of labor=ΔQuantity of breadΔWorkers
Average product of labor=Quantity of breadQuantity of workers
Marginal cost=ΔTCΔQ
Average variable cost=Cost of workersQuantity of output
Average fixed cost=Cost of ovenQuantity of output

Average Total Cost | Marginal product of labor | Average product of labor | Marginal Cost | Average Variable Cost | Average Fixed Cost | --- | --- | --- | --- | --- | --- | 950 | 50 | 50 | 19 | 9 | 10 | 700 | 75 | 62.5 | 11.2 | 7.2 | 4 | 616.67 | 85 | 70 | 8.80 | 6.43 | 2.38 | 575 | 90 | 75 | 7.67 | 6 | 1.67 | 550 | 110 | 82 | 6.71 | 5.49 | 1.22 | 533.33 | 140 | 91.67 | 5.82 | 4.91 | 0.91 | 521.42 | 75 | 89.29 | 5.84 | 5.04 | 0.8 | 512.5 | 35 | 82.5 | 6.21 | 5.45 | 0.76 | 505.55 | 40 | 77.78 | 6.5 | 5.79 | 0.71 | 500 | 30 | 73 | 6.85 | 6.16 | 0.68 |
Cost in dollars

Cost in dollars

Quantity of output
Quantity of output

Legend:
Blue: Marginal Cost
Orange: Average Fixed Cost
Black: Average Variable Cost

Analysis of the firm
A technological change is an enhancement to the production process, making the process of producing a product (bread in this instance) faster, cheaper, and easier. The benefit of a technical change is that the input of factors of productions is more efficiently used, thus a higher…...

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