What is necessary for business to become profitable

Assignment Help Business Economics
Reference no: EM131387958

What is necessary for a business to become profitable?

A. Entrepreneurship must be present.

B. They must ignore the invisible hand.

C. They must ignore the principal of consumer sovereignty.

D. They must equalize their total revenues and total costs.

Reference no: EM131387958

Questions Cloud

About the oligopolistic firms : Oligopolistic firms: The line which forms a 45-degree angle in the Keynesian cross model is
What is my opportunity cost : Suppose I want to open my own restaurant. Currently I am working as a financial Analyst at a top back earning $175,000 a year, which I will have to quit to open a restaurant. I AM also going to invest $100,000 of my savings which were earing an avera..
Federal reserve-increases the supply of money : When the U.S. central bank, the Federal Reserve, increases the supply of money:
What would happen to prices in market equilibrium : Suppose you can hire 10 workers for $12 each, but to hire the 1 worker you will have to pay all your workers $15 each. What is marginal cost of hiring the 11th worker. explain what would happen to prices in a market equilibrium if there is an increas..
What is necessary for business to become profitable : What is necessary for a business to become profitable?
Find the cournot equilibrium quantity per firm and point : Consider a duopoly facing an (inverse) market demand of p = 300 − 3Q. Firms produce a homogenous good at a constant marginal cost MC = 100. Find the best response (or reaction function) of each firm. Illustrate the two curves on a graph. Find the Cou..
Find the quantity and price in equilibrium : Suppose that the demand for a good is given by Qd = 1000 − 20p and that each unit can be produced at a cost of 8. Assuming this market is perfectly competitive, find the quantity and price in equilibrium.
What is the economically efficient output level : Suppose there are two types of consumers of a public good. There are 5 consumers with demand Q = 60 − p and 10 other consumers with demand Q = 100 − p. Assume that the marginal cost of the public good is equal to 200. What is the competitive market e..
Several units of homogeneous product as single package : A monopoly is considering selling several units of a homogeneous product as a single package. A typical consumer’s demand for the product is Qd = 40 - 0.5P, and the marginal cost of production is $50. Determine the optimal number of units to put in a..

Reviews

Write a Review

Business Economics Questions & Answers

  Youngstown sold most of its output in the midwest

Youngstown sold most of its output in the Midwest. Was this fact relevant.

  Compute value for p that prevails before police intervention

If the original supply curve of cocaine on the streets was horizontal, what is the net effect of police activities on the market for crack in this city. Compute the value for p that prevails before police intervention in the market.

  Illustrate what is the likelihood all four of the selected

Illustrate what is the likelihood all four of the selected flights arrive within 15 minutes of the scheduled time.

  Firm can use two different production technologies

A firm can use two different production technologies, with capital and labor requirements at each level of output as follows: Suppose the firm is operating in a low-wage country, where capital cost is $4 per unit and labor cost is $2 per worker. For ..

  Profit maximization consultant specializing in monopolies

You are a self-employed profit-maximization consultant specializing in monopolies. Five single-price, profit-maximizing monopolies are currently seeking your advice, and although the information they have supplied to you is incomplete

  Indicate changes in consumer surplus and producer surplus

What will happen to the equilibrium price and quantity of hairy crabs if: Use a diagram to show the tax burden on buyers and sellers and briefly explain your answer. (ii) use a separate diagram to indicate the changes in consumer surplus and producer..

  Consider trends in society-technology and economics

Look into the future. Consider trends in society, technology, economics, environmentalism, and politics that can influence the Virgin Group. Be sure to look beyond Virgin's current market, product, and geographic boundaries. Identify two or three fac..

  Assets rather than undertake green field investments

"Firms prefer to acquire existing assets rather than undertake green field investments while contemplating FDI." Explain the reasons that support this argument.

  Walt considers x and y to be perfect substitutes

Walt considers x and y to be perfect substitutes. They originally cost $10 and $9 respectively. His income is $720. One day the price of x drops to $8.

  Why are these particular laws effective

A company employee is considering legal action against her employer. If she came to you for advice, how would you present to her the differences between a stereotype, prejudice, and discrimination? What two laws would you cite (list) to alleviate two..

  The price of computer decreases

Consumers regard Dell computers and Gateway computers as substitutes. If the price of a Dell computer decreases

  Show the open access and efficient level of hunting effort

Show the open access and efficient level of hunting effort when hunter utility is tightly tied to harvest rates, akin to a commercial fisherman. Show the effect of hunters gaining utility/enjoyment from attributes of the hunting trip (e.g., camarader..

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!

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