Profit maximizing level of output

Assignment Help Business Economics

Reference no: EM136745

Q1. Briefly summarize this "loanable funds" theory in your own words. Identify at least one important Entrepreneur that you would consider an "Entrepreneurial Legend" and state why you consider the person to be (or have been) exemplary. Your reason for selecting the person should include examples of managerial economics and should include other criteria such as social responsibility and ethics. Remember to cite your authority and be careful not to plaigerize.

Q2. Current price of a case of toothpaste is $42.00, and the CPI has estimated its marginal cost function to be as follows: MC=.006Q. What would happen to the profit maximizing level of output if the market price suddenly rose to $54 per case?

Reference no: EM136745

Questions Cloud

Developing - emerging economy : Describe how a developing - emerging economy can benefit from trade with a wealthy country even if it has no absolute advantages.

Monetary history of the united states : A Monetary History of the United States, 1867-1960 uncovered the empirical reality that money is pro-cyclical and leading, the classical economists went to the drawing board.

Business and economic forecasting : Imagine you are a manager for the good or service used above. From the results of the regression equation, suggest strategies to either maintain demand.

Competitive external market : A perfectly competitive external market for the intermediate product exists, and an imperfectly competitive external market for the intermediate product exists.

Profit maximizing level of output : Managerial economics and should include other criteria such as social responsibility and ethics. Remember to cite your authority and be careful not to plaigerize.

Bureau of labor statistic and federal reserve bank : For the industry you have chosen, discuss how price moves from today to the future.

Impact of rational expectations : How would a downward change in the money supply affect you personally. How would it affect your career. What impact would rational expectations have on your decisions in this situation.

Corresponding marginal cost : Suppose that an increase in crime (O) also results in a per unit amount of social damage equal to d(d>0).

The disease is autosomal dominant : Hutchinson-Gilford progeria is an exceedingly rare human genetic disorder in which there is very early senility, and death, usually of coronary artery disease, at an average age of approximately 13. Patients, who look very old even as children, do no..

User Account

All Pages