Explain what is the short-run condition for the monopolist

Assignment Help Business Economics

Reference no: EM1346085

Q. Amos McCoy is currently raising corn on his 100-acre farm and earning an accounting profit of $100 per acre. However, if he raised soybeans, he could earn $200 per acre. Is he currently earning an economic profit? Why or why not?

Q. A pure monopolist sells output for $4.00 per unit at the current level of production. At this level of output, the marginal cost is $3.00, average variable costs are $3.75, and average total costs are $4.25. the marginal revenue is $3.00. EXplain what is the short-run condition for the monopolist and what output changes would you recommend, if any

Reference no: EM1346085

Questions Cloud

What is the complete work on the crate : A factory worker pushes a 30kg crate a distance of 4.50 meters along a level floor at constant velocity by pushing it downward at an angle of 30degrees below the horizontal. The coefficient of kinetic friction between the crate and the floor is 0...

Examine firm success based on internet communication : Examine Firm Success Based on Internet Communication - On the basis of the discussion in the personal selling section about problems with internet communication

Calculate the future value of stock : A share of stock sells for 53 dollar today. The beta of the stock 1.2, & expected return on the market is 12 percent. The stock is expected to pay a dividend of 1.10 dollar in one year.

Writing application to accept loan amount-interest rate : Write down the application to accept a loan amount, annual interest rate, and loan period (in number of years) and displays a table with five columns.

Explain what is the short-run condition for the monopolist : EXplain what is the short-run condition for the monopolist and what output changes would you recommend.

Managing foreign exchange risk and pitfalls : Why're there gains from international diversification without hedging exchange-rate risk even by exchange rates contribute the substantial proportion of entire risk?

Important ways a pm can gather and analyze information : Show some of the important ways a PM can gather and analyze information and describe the value of informal communication methods when conducting and running a project

What is the variation in internal energy of thegas : An ideal gas is expanded isothermally from 20L to 30L. During thismethod , 6J of energy is expended by the external mechanism that expanded the gas. Which of the statements is correct.

Comparing running time of two algorithm : Which algorithm would you prefer on the basis of running time, suppose all other factors equal?

User Account

All Pages