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

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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