Topic 14, Experiences Today

 Today, we made our own company, producing our own products with a manager as an overseer, an accountant counting all the stuff we created and of course, a quality control agent. I thought it demonstrated a very good job of the average cost curves and the marginal cost curves. As it shows that the jump between zero workers to one worker, or one worker to two worker is very great, as the capital is spread out through the workers evenly, and the workers are able to conduct the most efficient jobs out of the company. However, as more and more people begin to come in, as the assembly line begins to have higher demands in certain areas such as the stapling of our product, it puts pressure on people who are in charge of jobs with slightly more difficulty and needs slightly more time on such as the cutting of the paper itself. We then resorted in using many pieces of paper at once, which then turned out to be a disaster and everything became crooked and unusable because our quality control agent rejected all of them. I believe that the efficiency of the company is determined through the leader, once Jimmy started doing a better job in telling people what to do and what not to do, the company started to actually roll on, and producing more and more useful products. In the beginning  people were doing random jobs and the capital was all spread out which did not yield the maximum utility for the company, however towards the end, it became better and we begin to produce alot more products than the beginning.