Firm maximized weekly economic profits

Assignment Help Business Economics
Reference no: EM132373530

Question

Currently, a? monopolist's profit-maximizing output is 300 units per week. It sells its output at a price of ?$50 per unit and collects ?$25 per unit in revenues from the sale of the last unit produced each week. The? firm's total costs each week are ?$8,000.

Given this? information, the? firm's maximized weekly economic profits are _________?

Reference no: EM132373530

Questions Cloud

Implications of the current account deficit or surplus : What are the implications of the current account deficit or surplus for the overall economy? What actions may better the nation's situation? Explain.
Prepare a diagram representing the different components : SRT750 – Sustainable Futures-Deakin University-Australia-Prepare a diagram representing the different components and flows of matter.
Increasing money supply and foreign exchange : 'Unlike a fixed exchange rate regime, a surplus country will experience increasing money supply and foreign exchange reserve accumulation.
Firm maximized weekly economic profits : It sells its output at a price of ?$60 per unit and collects ?$35 per unit in revenues from the sale of the last unit produced each week.
Firm maximized weekly economic profits : Currently, a? monopolist's profit-maximizing output is 300 units per week. It sells its output at a price of ?$50 per unit and collects ?$25 per unit in revenue
Would you recommend that the developed country : Would you recommend that the developed country eliminate the tariff? Explain your reasoning.
Why do recession happen : Why do recession happen? Understanding the sources of recession has been one of the areas of research in economics. Discuss briefly three such sources.
Dimension of the external environment : Which dimension of the external environment BEST encompasses the factors affecting malls and box? stores?
Company marketing strategy and goals : Hannah is a new salesperson, taking over a territory. She is in the process of understanding her company's marketing strategy and goals, using a strategic

Reviews

Write a Review

Business Economics Questions & Answers

  Using fiscal policy to stabilize the economy

Using your knowledge of the amount of time required for the many components of the federal government to agree upon and implement changes in policy (i.e., tax codes, the welfare system), can you think of any problems with using fiscal policy to stabi..

  Find the amount and interest

Find the amount and interest of $ 101.860 compound 12 1/4% for 20 years calculated: and. annually F. semiannually g. quarterly basis h. monthly 2. How much money do you need to deposit into your investment account to have $ 26,350.00 after five years..

  What is the equilibrium level of income

Assume that when an economy has a GDP of $500, Consumption is $550. The MPC is .75. Investment is 25. Begin the problem by setting up an Income/Consumption Schedule like the one on page 220 of your text. Set up only the first two columns (1) and (2)...

  Illustrate what could be related goods to health care

Illustrate what could be related goods to health care. Illustrate what are the inter-relationship between these goods.

  Social security and medicare numbers to projections outlined

Compare the actual 2012 to 2014 deficit to GDP Social Security and Medicare numbers to the projections outlined in your book. Where the projections correct or were they off? Why? Also provide the most recent projections for deficit to GDP, Social Sec..

  Illustrate the relative desirability of perfect competition

Illustrate what do your results tell you about the relative desirability of perfect competition versus monopoly in the presence of externalities.

  Contributes to the growth of total expenditures for care

Asked another way, do you believe that insurance leads to excessive use of healthcare services and contributes to the growth of total expenditures for care?

  Describe someone seeking portfolio diversification

To identify a country other than the United States for someone seeking portfolio diversification I would first need to understand their investment goals. The investor could seek a diversified portfolio thats aggressive, balance, or conservative. My a..

  Information collected from the commercial guide

What would be the most appropriate entry method or methods, supporting your decision with the information collected from the commercial guide?

  Learning environment when dealing with bullying

What challenges are educators facing in the learning environment when dealing with bullying?

  Economic costs of environmental damage-for example

GDP calculations do not directly include the economic costs of environmental damage-for example

  Find the accounting cost and economic cost associated

Joe quits his computer programming job, where he was earning a salary of $50,000year, to start his own computer software business in a building that he owns and was previously renting out for $24,000/year. In his first year of business he has the fol..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd