Micro week 4 | StudyDaddy.com

Covering Chapter 10 & 11(maximum possible points: 50)

Due: Day 7 (11:59pm)

A. Suppose you are the owner of a soft drink bottle manufacturing firm. You just opened your business and it turned out that the cost of producing the first bottle was substantial because you have to purchase machines & raw materials, hire people, and rent a building. But as you produce more, you discovered that the total cost per one bottle gradually decreases.

– What concept is being explained (from chapter 11) in the given example? Answer this using at least 150 words. 

– In the new testament(bible), the concept of cost (sacrifice) and revenue (rewards) are embodied here and there. Read Mark 8 in the Bible, and discuss briefly describe how it relates to the economic concept of cost and/or revenue

B. Complete the following table describing the short-run daily costs of the Kangaroo Backpack Company. See the instruction video, “Cost.ppsm”.

  • Levels of AchievementCriteriaExemplaryAccomplishedDevelopingBeginning

    Knowledge

    Weight 40.00%

    90 to 100 %

    Demonstrates mastery and accuracy of concepts, terms and theories selected by the student without error

    80 to 89 %

    Demonstrates mastery and accuracy of most of the major concepts, terms, and theories with several errors

    70 to 79 %

    Demonstrates moderate understanding of a few of the concepts, terms and theories, but lacks a mastery of the majority

    0 to 69 %

    Demonstrates basic understanding of the concepts, terms, and theories, but lacks any mastery at all

    Quantitative Skill 

    Weight 40.00%

    90 to 100 %

    Provides graphical analysis and/or calculations with great accuracy without error

    80 to 89 %

    Provides graphical analysis and/or calculations with great accuracy without several errors

    70 to 79 %

    Provides graphical analysis and/or calculations with moderate accuracy with many errors

    0 to 69 %

    Provide no graphical analysis and/or calculations

    Writing & Organization

    Weight 20.00%

    90 to 100 %

    The structure of content is strong and helps readers move through the text smoothly. The content contains effective transitions between paragraphs. Minimum words requirement is met

    89 to 89 %

    The structure of content has a clear organizational structure, and helps readers to understand fairly easy, but slightly lacks effective transitions between paragraphs. Minimum words requirement is met

    70 to 79 %

    The structure of content is understandable, but significantly lacks effective transitions between paragraphs. Minimum words requirement is not met

    0 to 69 %

    The content lacks coherence, and requires readers to reread substantial portions. Minimum words requirement is not met

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