Firm price exceeds its marginal revenue

Assignment Help Business Management
Reference no: EM131266901

1)If, at the current level of ourput, a firm's price exceeds its marginal revenue, and its marginal revenue exceeds its marginal cost, then to maximize profits, it should:

a) reduce price and raise output.

b) raise the price and raise the output.

c) keep prices the same and reduce output.

d) reduce price and reduce output.

2) Transaction costs are included as a component of:

a) None of these

b) marginal costs

c) fixed costs

d) variable costs

Reference no: EM131266901

Questions Cloud

Discuss importance and benefits of using critical thinking : Provide an example from your personal experience of critical thinking applied to a business decision. Discuss the importance and benefits of using critical thinking
Find its efficiency as an autotransformer : A 400/100 V, 10 kVA, 2-winding transformer is to be employed as an autotransformer to supply a 400 V circuit from a 500 V source. When tested as a 2-winding transformer at rated load, 0.85 pf lagging, its efficiency is 0.97%.
Excess reserves in the table : Suppose that Second Republic Bank currently has $150,000 in checkable deposits and $97,500 in outstanding loans. The Federal Reserve has set the reserve requirement at 10%. Using these values, fill in the empty cells for reserves, required reserve..
What market structure do the given firms operate in : What market structure do these firms operate in? Why did Microsoft need to preserve competitiveness in the industry? What was Microsoft afraid of in the event that Apple did not survive?
Firm price exceeds its marginal revenue : 1)If, at the current level of ourput, a firm's price exceeds its marginal revenue, and its marginal revenue exceeds its marginal cost, then to maximize profits, it should:
Uniform computer information transactions act : What is the need for a Uniform Computer Information Transactions Act? Brooksold Corporation contracts to have Zealent Construction Company build a factory for $4,000,000. Days before the start of construction, Zealent withdraws from the contract. Dis..
Explain what are the pros of raising the prices at bulls eye : The manager is unsure of this strategy as recent data points to increasing numbers of individuals shopping more and more. What are the pros and cons of raising the prices at Bulls Eye and would that strategy be profitable?
Provide an example business for each form : Provide a 100- to200-word summary in which you provide an example business for each form. Discuss at least one of the advantages and one of the disadvantages of that form and potential legal forms that might be required
Is your product unique enough to be patented : How would you classify the offering to your customers? Is it a consumer product? A business-to-business product? A good or a service?

Reviews

Write a Review

Business Management Questions & Answers

  Benefits of networks for a social work educator

Describe the benefits and disadvantages of such networks for a social work practitioner or educator.

  Long-term-short-term goals are vital for company

Discuss the importance of long-term and short-term goals and why they are vital in setting direction for the company.

  Enormous global markets for standardized consumer products

The emergence of enormous global markets for standardized consumer products - What actions can a firm take to minimize its global tax liability? On ethical grounds cans such actions be justified?

  Examples from a company

Discuss how an organization can be vulnerable to fraud - use specific examples from a company that you are familiar with. You do not identify the company by name. In your opinion, which is more important - prevention or detection?

  Secrecy and authenticity for message

Is it possible for Ann to devise a method that will allow for both secrecy and authenticity for her message? Please justify your answer.

  Sales letter using monroe motivates sequence

Midterm Imagine a product that might solve a common problem in your industry of interest. Write a sales letter using Monroe's Motivates Sequence, targeting a potential buyer of the product.

  Evaluate business conduct in the clothing

Evaluate business conduct in the clothing, textile and footwear industries using three ethical principles of the Global Business Standards Codex.

  How did clarks save the company by using systems thinking

How did Clark's save the company by using systems thinking.- Identify three to five major concepts of system thinking and then explain how when applied they worked for Clark's and its competitors.

  Determine motivation in organizations

What are three major characteristics that determine motivation in organizations? What are some of the variables within each?

  Posting addresses accurate percetions

Posting addresses accurate percetions - Are accurate perceptions always necessary to develop sound decisions?

  Illustrate what do you feel are the most common challenges

Illustrate what do you feel are the most common challenges related to supervising or being supervised? Examine personal challenges which you faced as a supervised employee or while supervising other employees.

  Number of workers required in supermarkets

Explain two reasons why the number of workers required in supermarkets has reduced over the past 20 years.

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