Use of calculus and the idea of profit-maximization

Assignment Help Business Economics

Reference no: EM13733485

One of the central ideas taught in econonimics is that fixed costs are sunk costs, and that fixed cost are irrelevant to current decision making. Show why this true through the use of calculus and the idea of profit-maximization.

Reference no: EM13733485

Questions Cloud

What is the definition of absolute price : What is the definition of absolute price?

The price of soybeans increases and all other crops price : If the price of soybeans increases and all other crops’ prices remain the same, then:

Combined by firms to produce goods and resources : What resources are combined by firms to produce goods and resources?

Piezoelectricenergy harvesting from torsional vibrations : Prepare a research paper on Piezoelectricenergy harvesting from torsional vibrations in internal combustion engines.

Use of calculus and the idea of profit-maximization : One of the central ideas taught in econonimics is that fixed costs are sunk costs, and that fixed cost are irrelevant to current decision making. Show why this true through the use of calculus and the idea of profit-maximization.

Create a metaphor or analogy the bba program lessons : Discuss the single most interesting or surprising thing you learned in the BBA program, as well as what made it so. Discuss how you will use the lessons learned in your BBA program to be more productive in your current (or future) career. Provide s..

Basic medical care facilities : You live in a small town with basic medical care facilities and a couple of general practitioner physicians. One of the physicians has said that your cousin needs to be seen by a specialist. However, the nearest specialist is 3000 miles away, on the ..

how much is the present value of the purchase : An investor buys a 3.5% 20-year bond with a face value of $10000 for $10414.22. If the purchaser holds the bond to maturity, how much is the present value of the purchase at an ROI of 3.69% per year compounded semi-annually?

Discuss some of the reasons why individuals routinely : Discuss some of the reasons why individuals routinely over-estimate the time for project activities. How is this behavior detrimental to the schedule and project?

User Account

All Pages