Finding economic profit or loss

Reference no: EM1370308

At a product price of $56, will this firm produce in the short run? Why or why not? If it is preferable to produce, what will be the profit-maximizing or loss minimizing output? Explain. What economic profit or loss will the firm realize per unit of output?

Total Average Average Average Marginal
Product Fixed Cost Variable Cost Total Cost Cost
0
1 $60.00 $45.00 $105.00 $45
2 30.00 42.50 72.50 40
3 20.00 40.00 60.00 35
4 15.00 37.50 52.50 30
5 12.00 37.00 49.00 35
6 10.00 37.50 47.50 40
7 8.57 38.57 47.14 45
8 7.50 40.63 48.13 55
9 6.67 43.33 50.00 65
10 6.00 46.50 52.50 75

Reference no: EM1370308

Questions Cloud

Analysis and explain the historical perspective of the issue : Analysis and Explain the historical perspective of the issue of social networking in the workplace.

Work environment more productive for managers : Describe an actual organization that has addressed these issues and has made the work environment more productive for managers.

Question related to proposal writing : Compare and contrast the four standard types of proposals: research, planning, implementation, and estimate proposals. What kinds of proposals have you encountered so far in your personal or professional past?

Describe a memo to your manager explain plan successfully : Describe a memo to your manager explain how you plan successfully lead your team. include the following

Finding economic profit or loss : At a product price of $56, will this company produce in the short run explain why or why not? If it is preferable to produce, what will be the profit-maximizing or loss minimizing output

Influence of stereotypes : Identify an idea or event from twentieth or twenty-first century history that was influenced by stereotypes.

Cost and average total cost of producing units : Assume the firm can produce 5000 units of out put by combining its fixed capital with 100 units of labor and 450 units of raw materials. What are the total cost and average total cost of producing 5000 units of output?

Determine abatement levels : Suppose that two power plants, company 1 and 2 release sulfur dioxide (SO2) in a small urban community that exceeds the emissions standard.

Competing values decision-making model : Prepare a memo to Axel Polwalski discussing these four grids in the competing values model. Be specific and provide examples when possible.

User Account

All Pages