User Account

All Pages

How much total profit does this firm earn

Assignment Help Macroeconomics
Reference no: EM131157986

A profit -maximizing ompetitive firms sells its product for $9 Its average total cost of producing this product is $10. The firm's profit maximizing output level is 10 units. How much total profit does this firm earn?

Reference no: EM131157986

Questions Cloud

Purpose of the financial system in an economy : What is the Purpose of the Financial System in an economy?
What does the smc curve intersect the sac curve : What does the SMC curve intersect the SAC curve? That is, at what level of hocky sticks does average cost reach a minimum? What is the average cost at this level output? What is the marginal cost at this level of output?
Dynamic aggregate demand and aggregate supply model : Utilize the dynamic aggregate demand and aggregate supply model to answer the following questions for 2007-2009 recession: 1)  How were GDP, inflation, and unemployment affected during the recession, and how does the model show this?
How can facial recognition technology be used in retail : How can facial recognition technology be used in retail settings? Who could benefit? Why are retailers reluctant to reveal that they are using facial recognition technologies and collecting biometric data about customers
How much total profit does this firm earn : A profit -maximizing ompetitive firms sells its product for $9 Its average total cost of producing this product is $10. The firm's profit maximizing output level is 10 units. How much total profit does this firm earn?
How were the principles of persuasion studied : In the first 4 to 6 slides of your presentation you will need to: Summarize at least two previous research studies on persuasion. How were the principles of persuasion studied? Was the research valid? Why or why not
Discuss how information systems have contributed to problem : Discuss how technologies or information systems have contributed to the problem. Discuss how you will propose technology be implemented into the solution.
Paradox of thrift : An interesting paradox called the "Paradox of Thrift" arises when households become concern about their future and attempt to increase their saving. As a consequence of such action the overall economy will suffer. Explain. Do you agree with thi..
Discuss some of the skills that you may need to acquire : Discuss some of the skills and abilities that you may need to acquire beyond your degree needed to acquire and progress in your selected position, and some ways to obtain those skills.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Determine indiana powers output and level of profits

Suppose the Indiana Power Company wishes to maximize profits. The cost, demand and revenue functions have been determined and given below. Determine Indiana Power's profit maximizing price, output and level of profits. Q = output level, P = Pri..

  The law of diminishing marginal returns implies

After a certain point, the more hours you spend studying economics per day, the less you will learn with each added hour. D. the more hours you spend studying economics per day, the more you will learn with each added hour.

  Illustrate what do you think are the prospects for reducing

Illustrate what do you think are the prospects for reducing global climate-changing emissions. Be sure to address these points.

  Sulfur dioxide a component of acid rain is produced by

sulfur dioxide a component of acid rain is produced by power plants. for simplicity assume there are only two power

  Illustrate what would be the impact on labor

Illustrate what would be the impact on labor and capital markets of such a shift in tax policy. What is the likely differential incidence of substituting a payroll tax for an equal-yield corporate income tax.

  Food-borne illness has on global food markets

Trace the path of a recent food-borne illness outbreak in the U.S, How could it have been prevented ? want changes have been made as a result of this outbreak? Analyze the impact that food-borne illness has on global food markets.

  How is the u.s. economy different from a command economy

Economic decisions including what goods and services to produce (supply), how resources are allocated and regulated and how profits are distributed are made and implemented by the government.

  Refundable security deposit equal to one month rent

A landlord requires tenants to pay at the beginning of their lease an amount equal to 3 months of rent. He informs the tenants that this is for the first month's rent, the last month's rent, and a refundable security deposit equal to one month's rent..

  In the system of approval voting each voter may vote for as

in the system of approval voting each voter may vote for as many candidates as she wishes. if there are three

  What will be the bond new prices if market yields change

What will be the bond new prices if market yields change immediately by +/ - 0.10 percent? What will be the new prices if market yields change immediately by +/ - 2.00 percent?

  Four phases of business cycle

What is the business cycle and how is it linked to a secular trend?  Describe each of the four phases of the business cycle and indicate how they a linked to the concepts of a "boom", a "recession" and an "expansion".

  Calculate the output-optimum scale and price

The government imposes a fixed fee per year on each firm operating in a competitive market.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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