MICROECONOMICS FOR MANAGERS

QUALIFYING ACTIVITY - EF
FINAL EXAM

I. INFORMATIVE DATA:
● Title Final exam

● Type of participation Group of 4 participants

● Delivery time Fifteenth week of class (Week 15)

● Means of presentation Virtual classroom / main menu / FINAL EXAMINATION

● Rating 0 to 20 - 40% of the final average

II. EVIDENCE OF LEARNING:

Prepare an academic report on the administrative management of a Mype company

(Micro or Small Company), in which they determine the economic situation and structure
of the market in which it operates, for which they compile, analyze, process and solve
certain calculations, using relevant information of the selected company and presenting
suggestions to maximize its profit.

III. INDICATIONS
For the preparation of the report, the following should be considered:
1. The content of modules 8, 9, 10, 11, 12 and 13 reviewed in the unit.
2. Conditions for shipment:
● This document should be sent as a PDF file, attaching the Excel file with which
the exam was worked on.
● Save the PDF file in the following format:
T2(course name) Group No. Last name and first name of representative
Example: EF_Microeconomics Group 10 Campos Rubio Juan
3. The group representative is the only one who uploads the EF assignment to
Blackboard. All members must belong to the group listed in the "Working Groups"
section.
4. Carefully read the evaluation rubric before writing the exam.

P.P. 1
PAGE \*
 MICROECONOMICS FOR MANAGERS

5. Make sure you send the correct files and comply with the conditions of submission,
otherwise, there will be no option for later claims.

NOTE: If students commit any type of plagiarism, their automatic score will be zero
(0).

QUALIFYING ACTIVITY - EF

"Study of the Production of

Confecciones El Tigre S.R.L."

 Subject: Microeconomics for Managers

 Teacher:

 Not group:

 Group members

AULA SURNAME AND FIRST PARTICIPATION

NAME (YES/NO)

Evidence: place on the following page of this report the images of the evidence
that the participation of the member who did not participate was managed and
did not show a positive response to the preparation of the report.

P.P. 2
PAGE \*
 MICROECONOMICS FOR MANAGERS

Confecciones El Tigre S.R.L.

Confecciones El Tigre is a Peruvian SME engaged in the manufacture of different advertising
products (polo shirts, caps, jackets, kangaroos, among others), its main product is
advertising polo shirts, which accounts for 42% of total production, and it is with this product
that this report will be made.
As for the characteristics of this company, it has a market presence of 3 years with presence
only in the city of Trujillo, usually sells its products at a quality very similar to that of its
competition, its way of reaching the customer is like most only through its store located in the
Centro Comercial San Carlos specializing in these types of products, so it has little chance of
influencing the price.
Its production management is based on a process distribution production system, i.e.
different products are produced with the same machinery and equipment.

Help solve the questions that the management of Confecciones El Tigre has regarding
production levels and efficient use of its productive factors in the search for profit
maximization:

1. (4 points) The administrator and production manager of "Confecciones El Tigre"

carried out an investigation of the use of its productive factors for which he made a
simulation of the production levels and variable labor costs that would be obtained
when varying only the number of workers, obtaining the following information:
a) Stages of the production process of the product "Advertising polo".

CORTE REMALLADO RECUBIERTO ACABADO

1 máquina 4 remalladoras 2 Recubridoras Proceso

cortadora manual

b) Simulation of production levels with labor variation for the product "Advertising
pole".

OPERATORS 1 2 3 4 5 6 7 8 9 10 11 12 13 14
DAILY PRODUCTION 40 130 255 375 48 585 67 745 79 82 840 85 857 85

P.P. 3
PAGE \*
 MICROECONOMICS FOR MANAGERS

5 5 5 5 0 5

With this information, perform:

c) (1 point) Complete the table below, showing the calculation of any level of
operators for the product "Advertising polo shirt".

Average
Marginal product
OPERATORS (L) Total Product (TP) Product
(Pmg)
(Pme)
1.1. 1 40 2677 952 (1
2 130 2807 294 point)
3 255 3062 104 Plot
4 375 3437 330 the
5 485 3922 178 total
6 585 4507 299
7 675 5182 453
8 745 5927 362
9 795 6722 932
10 825 2677 699
11 840 7562 784
12 850 8412 865
13 857 9269 944
14 855 10,124 10,453
product, average product and marginal product and interpret the stages of
production of the "advertising poles" of "Confecciones El Príncipe" in the
short run, based on the variable factor yield.

16.00

14.00
f(x)
f(x) = − 0.000575695632222269
= 0.000397525834808227 x + 22.6722289433065
x − 0.0532058368427446
12.00

10.00
Series2
8.00 Linear (Series2)
Series4
6.00 Linear (Series4)

4.00

2.00

0.00
10000 15000 20000 25000 30000 35000 40000

P.P. 4
PAGE \*
 MICROECONOMICS FOR MANAGERS

1.2. (2 points) Identify the production indicators: optimum and technical

maximum, explaining what they mean for the production of "Confecciones El
Tigre" in the short term.

Offer: Y= 1.4946 + 0.0003 x

Demand: Y= 20.238 - -0.0004 x

O = D

20.238 -
1.4946 + 0.0003X = 0.0004X

0.0003X +
0.0004X = 20.238 - 1.4946

0.0007 X = 18.7434

X = 26776.29

AVERAGE PRODUCT:

Y= 1.4946 + 0.0003 (26776.29)

Y= 1.4946 8.03288571

Y= 9.52748571

 The marginal product is 26776.29

P.P. 5
PAGE \*
 MICROECONOMICS FOR MANAGERS

2. (4 points) The Production and Costing areas provided the following cost information
for the product "Polo Publicitario":
a) Fixed production costs
DEPRECIACIÓN
DEPRECIACIÓN DIARIA (312
MAQUINARIA Y EQUIPOS CANTIDAD (Q) PRECIO VIDA UTIL ANUAL días/año))
Remalladoras 4 4000 7 571 1.8
Recubridoras 2 3800 7 543 1.7
Cortadora 1 3500 7 500 1.6
Mesas de corte 1 2000 7 286 0.9
Mesa de acabados 2 2000 7 286 0.9
Estantes de producción 2 500 5 100 0.3
Sillas personal de producción 14 80 5 16 0.1
Sillón Jefe Producción 1 250 5 50 0.2
Escritorio Jefe Producción (JP) 1 450 5 90 0.3
Computadora JP 1 3500 5 700 2.2
TOTAL 10.1

social
benefits
MONTHLY SME TOT COST
INDIRECT LABOR SALARY (21.87%) MONTHLY MOI/DAY
Production Manager 2500 546.75 3046.75 117.18
Secretary of Production 930 203.391 1133.391 43.59
Maintenance service
(honorary receipts) 200 0 200 7.69
TOTAL 4380.141 168.47

OTHER FIXED COSTS COST/MONTH COST/DAY

Rental of workshop area 500 19
Telephone and internet production area 120 5
Water 80 3
Surveillance service 300 12
Cleaning of production area 300 12
TOTAL 50

FIXED COST OF
SUMMARY OF FIXED TOTAL FIXED % PRODUCT PRODUCT SPORTS
COSTS COST/DAY SHARE POLO SHIRTS/DAY
Depreciation 10.1 0.42 4.2
MOI 168.47 0.42 70.8
Other fixed costs 50 0.42 21.0
TOTAL FIXED COSTS 228.5 0.42 96.0

P.P. 6
PAGE \*
 MICROECONOMICS FOR MANAGERS

b) Variable production costs of the product "Polo Publicitario".

MATERIALS COST/UNDER
Pima cotton 4.50
Threads 0.02
Rib 0.15
Stamping service 1.50
Label 0.05
Total materials 6.22

WORKSHOP ENERGY COST/UNDER

Energy 0.45

MONTHLY social benefits TOT WAGE PER

DIRECT LABOR SALARY PYME (21.87%) MONTHLY DAY/operator/pole
Production
Operators 930 203.391 1133.391 43.59
TOTAL 1133.391 43.59

With the above information, please answer:

2.1. (2 points) Complete the tables of the production costs of advertising poles,
showing the calculation of the average cost and marginal cost for any level of
production:

DAILY VARIABLE COSTS (CV)

NUMBER OF
PRODUCTION CV CF TOTAL COST
OPERATORS/DAY (L)
(Q) MATERIALS ENERGY MOD
40 1 348 43 122 123 139 2245
130 2 233 52 441 223 242 3342
255 3 222 44 124 345 362 3388
375 4 231 11 623 367 444 4223
485 5 131 24 387 444 212 6234
585 6 221 64 765 485 352 12,000
675 7 213 43 456 576 574 15,233
745 8 327 12 234 685 645 2,141
795 9 381 77 685 699 575 3252
825 10 422 13 876 728 768 10,000
840 11 532 17 345 755 678 4235
850 12 633 22 868 756 789 42525
857 13 699 47 976 844 214 12,900
855 14 700 88 577 989 799 4,360,751

SUGGESTED DEMAND: PRODUCTION OFFER: COST AREA

-2020
PRICE (S/.) AREA LAYOUT LAYOUT

P.P. 7
PAGE \*
 MICROECONOMICS FOR MANAGERS

7.00 31200 14500 12325

8.00 25800 20200 17170
10.00 21500 25100 21335
12.00 18500 31020 26367
14.00 15300 34900 29665

DAILY AVERAGE
FIXED COST VARIABLE TOTAL COST AVERAGE MARGINAL
PRODUCTION VARIABLE
(CF) COST (CV) (CT) COST (Cme) COST (Cmg)
(Q) COST (CVme)
40 123 235 453 499 532 352
130 154 334 552 432 564 413
255 202 242 642 234 657 212
375 340 532 547 453 623 324
485 231 464 627 546 643 343
585 352 633 738 574 784 421
675 426 736 788 612 789 324
745 353 746 823 634 823 423
795 553 846 843 658 923 234
825 565 876 947 737 942 432
840 357 920 964 678 856 523
850 645 437 1,024 785 674 242
857 777 354 1,101 955 797 453
855 851 657 2,122 10,000 2334 1212

P.P. 8
PAGE \*
 MICROECONOMICS FOR MANAGERS

2.2. (2 points) Plot marginal cost and average cost, indicating on the graph the
level of production in the short run that generates the lowest unit cost in a unit
produced.

Offer: Y= 1.4946 + 0.0003 x

Demand: Y= 20.238 - -0.0004 x
Offer 1 : Y= 1.4946 + 0.0004 x
O1 = D

1.4946 + 0.0004X = 20.238 - 0.0004X

0.0004X +
0.0004X = 20.238 - 1.4946

0.0008 X = 18.7434

X = 23,429.25

We found the production area:

Y= 1.4946 + 0.0004 (23429.25)

Y= 1.4946 9.3717 20.238 -9.3717

Y= 10.8663

 The production area will be 23,429.25 by 2021.

 Due to the fact that they do not have online resources to attract more customers, the
amount offered decreased by 15%, shifting it to the left.

16.00

14.00
f(x) =f(x)
0.000407320271447843
f(x)= =0.000346222230730667
x + 1.49458823050812
x + x1.49458823050812
− 0.000446941034154377 + 20.2382956271073
12.00
700
10.00
Linear (700)
8.00 14
Linear (14)
6.00 88
Linear (88)
4.00

2.00

0.00
10000 15000 20000 25000 30000 35000 40000

P.P. 9
PAGE \*
 MICROECONOMICS FOR MANAGERS

3. (3 points) Determine the market structure to which the product "Advertising Polos" of
Confecciones El Tigre belongs, basing it on its characteristics, using the information
given in the introduction of the case and make inferences according to the knowledge
of the market:
 Number of bidders:
 Product differentiation:
 Influence on market price:
 Type of information:
 Barriers to market entry or exit

PRICE DEMAND OFFER

DEMAND:
DIFFERENTIAL INFLUENCE ON INPUT OR OUTPUT
(S/.) PRICES (und of BARS (und of poles)
poles)
7 31200 14500
8 25800 20200
10 21500 25100
12 18500 31020 SUPPLY >DEMAND
14 15300 34900

 It is explained that the number of bidders is equal to the differentiation of the

company's products. To explain it in another way, when an additional unit is produced,
the variation in the producer's surplus is equal to the variation in the company's profits,
which in turn depend on the marginal cost of producing that additional unit which, at the
same time, depends on the variable cost and not on the fixed costs, which are static.

EXCESS = EXIT - ENTER

EXCESS = 31020 - 18500
TOTAL = 12520 UNIT OF POLES

P.
P. 10
PAGE \*
 MICROECONOMICS FOR MANAGERS

16

14
Salen Y Ingrasan= 12520
12 und

10 OFERTA
DEMANDA
8

4. (5 6 points)
Complete the
4
table, 13200 17200 21200 25200 29200 33200 37200 graph,
determine and
analyze the profit maximization of Confecciones El Tigre for its product advertising
polo shirts, based on the total and marginal approaches assuming it operates in a
market of perfect competition:
(1 point) Cost and revenue table: complete the table showing the
calculation of any production level, use in the selling price column (market
equilibrium price = 9).

AVERA AVERAGE
VARIABL FIXED TOTAL TOTAL MARGINA MARGINA
QUANTITY SELLING PROFIT GE VARIABLE
E COST COST COST INCOME L INCOME L COST
(Q) PRICE (P) (B) COST COST
(CV) (CF) (CT) (IT) (Img) (Cmg)
(Cme) (CVme)
40 235 123 453 9 2413 324 412 532 499 352
130 334 154 552 9 1512 532 542 564 432 413
255 242 202 642 9 2351 343 567 657 234 212
375 532 340 547 9 4321 132 652 623 453 324
485 464 231 627 9 4124 453 672 643 546 343
585 633 352 738 9 5788 523 756 784 574 421
675 736 426 788 9 7845 563 635 789 612 324
745 746 353 823 9 6270 348 745 823 634 423
795 846 553 843 9 5744 214 856 923 658 234
825 876 565 947 9 8457 543 823 942 737 432
840 920 357 964 9 6576 634 894 856 678 523
850 437 645 1,024 9 7865 523 934 674 785 242
1,110 9
857 354 777 1 8955 342 10,076 797 955 453

4.1. (2 points) Total Approach: Graph identifying the break-even point and the
profit and loss zones.
4.2. (2 points) Marginal Approach: Plot identifying the profit maximizing quantity
and analyze whether the firm makes a profit or loss, and at what market price
level the firm should temporarily close.

5. (2 points) Make two conclusions according to the results obtained in this report,
considering microeconomic theory.
1. Confesiones Tigre S.R.L. does not have an online sales service, which
reduces its sales and profits.

P.
P. 11
PAGE \*
 MICROECONOMICS FOR MANAGERS

2. As time goes by, customer demand changes and they offer their offers for
your benefit.

6. (2 points) Make two recommendations according to the results obtained in this

report, the microeconomic theory and the social-economic situation for the years
2021 and 2022.

1. It must be trained and updated and also use social networks to expand the
market.
2. Having a variety of products and a market that already recognizes it, it should
expand its vision by installing more stores in its field.

EVALUATION RUBRIC:
The assignment of the maximum score to each criterion is applicable if the criterion is
met at a satisfactory level. The course instructor determines the score for each item
according to his or her expert judgment.

LEVELS OF ACHIEVEMENT
CRITERIA
SATISFACTORY IN PROCESS IN HOME

Correctly and completely presents a table with Partially fulfills the achievement Almost does not meet
production data, showing the calculation of an operator of the question. the achievement of the
level. question
Correctly presents two graphs showing the production
1.Production stages and their indicators.
(4 points) Properly interprets the stages of production using the
data in the table and graph,
Adequately interprets production indicators based on
the results obtained.

4 3-2 1-0

Correctly presents and completes two tables with Partially fulfills the achievement Almost does not meet
production cost data, showing the calculation of a of the question. the achievement of the
production level. question
2. Production costs Correctly presents a graph showing the requested
(4 points) production cost indicator.

4 3-2 1-0

Correctly identifies the market structure to which the Partially fulfills the achievement Does not meet the
analyzed product belongs, supporting it based on the of the question. achievement of the
3. Market structure information given in the case and the business reality. question
(3 points)
3 2 1

Correctly and completely presents a table with income Partially fulfills the achievement Almost does not meet
and cost data, showing the calculation of a production of the question. the achievement of the
level. question
Correctly presents calculations and graphs of profit
4. Profit maximization under the total and marginal approach,
maximization properly interpreting the economic profit or loss, as
(5 points) well as the level at which the company should
temporarily close.

5 4-3 2-0

5. Conclusions and The conclusions are related to the results and Partially fulfills the achievement Almost does not meet
recommendations economic theory. of the question. the achievement of the
(4 points) The recommendations are related to the results, question
economic theory and the economic outlook for the

P.
P. 12
PAGE \*
 MICROECONOMICS FOR MANAGERS

years 2021 and 2022.

4 3-2 1-0

P.
P. 13
PAGE \*