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In: Economics

Assignment Tasks This assignment consists of three parts as follows (100 marks): Part 1(30 marks): Write...

Assignment Tasks This assignment consists of three parts as follows :

Part 1:

Write a report of 300 words that covers the following:

 Fixed Cost

 Variable Cost

 Profit

Part 2 :

Solve the following questions by completing the required calculations:

 A factory has fixed cost of RO 10,000 and produces 500 units of a product at a variable cost of RO 75 per unit. Calculate Total Cost of the factory

 Calculate variable cost per unit for a factory that has a fixed cost of RO 13,200 and produces 25 units of a product at total cost of RO 32,000

 A company is producing 20 products with variable cost 47 per item. The selling price 102 O.R per item. Calculate the following assuming fixed cost is 1050

o Total Cost

o Revenue

o Profit

Part 3

Assume that you will start a new business and establish a new organization, write a report of 500 words that covers the following point about your future organization:

 Draw Organizational structure for the organization

 Identify 4 potential stakeholders for the organization and discuss their role in the organization development

 Do a PESTLE Analysis for your organization at the current time

Rules & Regulations:

 Total words count for the whole assignment should be between 800- 1000 words

 All resources should be cited using CU Harvard style.

 The final assignment must have a Title page, Table of Contents, References/ bibliography using CU Harvard Style and page numbers.

 Introduction and conclusion are not required.

 Title Page must have Assignment Name, Module name, Session, your name, ID, and the name of the faculty.

 Softcopy in word format is to be submitted through Turnitin link.

 Viva might be conducted after the assignment submission as per the dates informed earlier.

 Refer to the marking rubric for marking criteria for report and presentation.

Guidelines:

 Assignment must be computer typed.

 Font - Times New Roman

 Font – Style - Regular

 Font - Size - 12

 Heading should be with Font Size 14, Bold, Capital and Underline.

 Each student has to do the assignment individually

 You can refer books in eLibrary or use internet resource. But you should not cut and paste material from internet nor provide photocopied material from books. The assignment answers should be in your own words after understanding the matter from the above resources.

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