A real estate development company

Reference no: EM131046661

A real estate development company is considering building a new office building in downtown. Above 20,000 square feet, the company's managers believe they can generate approximately $600,000 in additional lease payments for every additional 1,000 square feet built. This $600,000 represents
a. Long-run economic profit
b. Long-run marginal revenue
c. Long-run marginal cost
d. Long-run average additional revenue

Reference no: EM131046661

Questions Cloud

Branded drugs face generic entry : Branded drugs face generic entry by rival drugs that typically take 80% of sales away from the branded drug within three years. This loss occurs because generic drugs are much cheaper than branded drugs, and most insurance companies won't pay for ..

Silk-screened t-shirts at a community festival : Joanne sells silk-screened t-shirts at a community festival. Her marginal cost to produce one t-shirt is $3.50. Her total cost to produce 60 t-shirts is $300, and she sells them for $7 each.

Promote their products to local consumers : Local retailers and producers often use weekly mailed circulars to promote their products to local consumers. The circulars feature a variety of products and make consumers aware of pricing advantages of the products available at local establishme..

Sum of itself anda multiple of another equation : One of the elementary row operations states that an equation can be replaced by the sum of itself anda multiple of another equation. Can that other equation be multiplied by zero? Justify your answer

A real estate development company : A real estate development company is considering building a new office building in downtown. Above 20,000 square feet, the company's managers believe they can generate approximately $600,000 in additional lease payments for every additional 1,000 ..

Which plan would you recommend : Assume that Jack is also interested to know whether there is a production plan that would cost less than either the level or the chase plan. If you can find such a plan, include it in your report (you may use an additional page).

Discuss bakka bee in terms of the four causes of the current : Bakka Bee, a construction firm in Toronto Canada. They are a firm with 200 employees in five countries. One of their divisions - in Peru - has encountered difficulties and may have to be liquidated. The company uses computers for everything from d..

How many bricks are required for the top step : A brick staircase has a total of 40 steps. The bottom step requires 88 bricks. Each successive step requires two less bricks than the prior step. How many bricks are required for the top step?

Multiple choice questions : Your company is in the same position as that in the previous question, but Products A and B are now complements. How should you handle pricing?

User Account

All Pages