Explain how many units of resource will a profit-maximize

Assignment Help Business Economics

Reference no: EM1358889

Consider the table below. Assume that the resource and output markets are both competitive, and that it is possible to hire fractional units of the resource. The equilibrium price of the resource is $15.00, and the equilibrium price of the product is $.50. How many units of the resource will a profit-maximizing firm hire?

Reference no: EM1358889

Questions Cloud

Determine the expected value of return : X comapny is planning the pruchase of one of two microfilm cameras, R and S. Both should provide benefits over a 10-year period, and each requires an initial investment of $4,000.

Explain from the e-activity : Explain From the e-Activity select the top three European work/life balance practices that U.S. employees would prefer.

Taxable business income : Joe operates a business that locates and purchases specialized assets for clients, among other activities. Joe uses the accrual method of accounting but he doesn't keep any significant inventories of the specialized assets that he sells.

Abnormal earnings growth valuation and target prices : The following forecast of earnings per share and dividend per share were made at the end of 2006, The company has an equity cost of capital of 12% per annum.

Explain how many units of resource will a profit-maximize : Assume that the resource and output markets are both competitive, and that it is possible to hire fractional units of the resource. Explain how many units of the resource will a profit-maximizing firm hire.

Effective observation and listening : What effective listening behaviors might have been used by the communicators to overcome or even avoid the obstacles?

Develop an encryption program : Your employer, SGA (Secretive government Agency) wants you to develop an encryption program. After doing some research you have two candidate algorithms.

Show the relationship to the business context expressed : Show the relationship to the business context expressed. Why was this interesting or noteworthy to you? How does this relate or differ to any business situation you have been in?

Diagnosis and treatment for the disorder : Write a 750- to 1,050-word paper briefly describing the disorder and detailing the current trends in diagnosis and treatment for the disorder you have chosen.

User Account

All Pages