Industrys marginal revenue product equals the income rate

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Q. Cool-Air Company manufactures a line of room air conditioners. Its break even trade s level is 33,000 units. Trades are approximately normally distributed. Expected trades next yr is 40,000 units with a standard deviation of 4,000 units.

a. Conclude the probability which Cool-Air will incur an operating loss.

b. Conclude the probability which Cool-Air will operate above its break-even point.

Q. When a industry's marginal revenue product equals the income rate, marginal revenue also equals marginal cost. Why

Q. a perfectly competitive industry produces in a marketplace where the prevailing price is $25. At its present o/p level of 10000 units its standard total cost equals$15. The industry is earning?

Reference no: EM1322975

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