Assignment 2

(20 points)
Assignment 2: Costs and Profit
Instructions

Save this file in your course folder, and name it with Assignment, the section number, and your
first initial and last name. For example, Jessie Robinson's assignment for Section 1 would be
named Assignment1JRobinson.

Type the answers to the assignment questions below. Use complete sentences unless the
question says otherwise. You will have more than one day to complete an assignment. At the
end of each day, be sure to save your progress.

Review Lesson 4 of the Course Overview for instructions about turning in your assignments.

Assignment Questions

In Section 2, you learned about costs and profit. Now, you'll apply what you learned.

1. Choose a real or made up example of a company, and describe at least three

variable costs the company has. (1-3 sentences. 1.5 points)

youtube have the variable costs of lawsuits, youtuber salories and lastly they have
the cost of taxs

2. Choose a real or made up example of a company, and describe at least three fixed
costs the company has. (1-3 sentences. 1.5 points)

domain name hosting,

Rent / morgege of buildings/ proporty tax and lastly companainy insurence.

3. Is gross profit or net profit more important to consider when you're deciding how
successful and profitable a company is? Why? Explain. (1-3 sentences. 2.0 points)

net profit because net is the made amount gross is just the money befor expenses
and taxes

4. If you were running a company, describe at least two things you would do to
improve its productivity. (1-4 sentences. 2.0 points)

Deligate taskes to people and their strong suits, practice brakes and have a good

5. Describe at least two advantages a large company has over a smaller company.
(1-4 sentences. 2.0 points)
it has more resourses and it has more imployeis that they can use to make more
products faster and better.

6. Choose a good you are familiar with, and analyze its economic utility, using the
questions below. NOTE: Choose a good for this exercise, not a service.
a. What type of good did you choose? (1 sentence. 1.0 points)

mouse/mice

b. Describe the form utility of the product you chose. What makes its form
useful? Can you think of any improvements that could be made to its form
utility? (1-3 sentences. 2.0 points)
the form and unity of the product is good and has been worked on a lot the
mice i use have good sliders and thing of that nature and the form is quite well
and it meets all my needs

c. Describe the place utility of the product. Can you think of any improvements
that could be made to its place utility? (1-3 sentences. 2.0 points)
i think mice are very accesible and you can get one at omost any store i have
seen them at gas stations.

d. Describe the time utility of the product. Can it be improved at all? (1-3
sentences. 2.0 points)
i think that this is also very well done you can get this at any point.

e. Describe the possession utility of the product. Can it be improved at all? (1-
3 sentences. 2.0 points)
as you might not have added value to this product by owning it but you need
it to use a computer so i think it is valueble in that sence.

f. Describe the information utility of the product. Can it be improved at all? (1-3
sentences. 2.0 points)
it does not give you info by haveing it but it wont improve it by having it give
you info so i think in concution a mouse is a very good product that is hard to
improve.