What can we conclude from this information

Assignment Help Business Economics

Reference no: EM13735584

A company is producing 15,000 units. At this output level, marginal revenue is $22, and the marginal cost is $18. The firm sells each unit for $48 and average total cost is $40. What can we conclude from this information?

a. The company is making a loss.

b. The company needs to cut production.

c. The company needs to increase production.

d. Not enough information is provided.

Reference no: EM13735584

Questions Cloud

Problem related career aspects : Let's discuss our progress in submitting our assignments for the Dropbox this week. How did you find 1) setting longer term goals, 2) setting short term academic goals, and 3) anticipating obstacles?

Experiences an increase in supply and a decrease in demand : If the world market for crude oil experiences an increase in supply and a decrease in demand, which of the following results is expected to occur?

What might you reasonably expect of an industry : What might you reasonably expect of an industry in which firms tend to have economies of scale?

Classified as a sunk cost : Which of the following is classified as a sunk cost?

What can we conclude from this information : A company is producing 15,000 units. At this output level, marginal revenue is $22, and the marginal cost is $18. The firm sells each unit for $48 and average total cost is $40. What can we conclude from this information?

Emerging global trends : Please discuss your perceptions of the research into international organizations and issues. Let's keep this focused and start with three questions.

Manager of a clothing firm : A manager of a clothing firm is deciding whether to add another factory in addition to one already in production.

Problem related to career futures : We will discuss what we anticipate for career outlooks three, five, and ten years after your date of graduation with your MBA degree. Become a career consultant for this thread.

What resources are available for palsgraff case : What resources are available for Palsgraff case? I read the case in the book, but found it very confusing. For example, why did the weight scale fall on her, and why was the railroad not liable?

User Account

All Pages