User Account

All Pages

What is the firm profit-maximizing

Assignment Help Business Economics
Reference no: EM131395530

Suppose that a perfectly competitive firm faces a market price of $5per unit, and at this price the upward-sloping portion of the firm's marginal cost curve crosses its marginal revenue curve at an output level of 1,500units. If the firm produces 1,500units, its average variable costs equal $5.50per unit, and its average fixed costs equal $0.50per unit.

What is the firm's profit-maximizing (or loss-minimizing) output level?

Reference no: EM131395530

Questions Cloud

Initialize the two-dimensional array : Write, compile, and run a C++ program that selects the values in a 4-by-5 array of positive integers in increasing order and stores the selected values in a one-dimensional array named sort. Use the data given in Exercise 5a to initialize the two-..
What is the theoretical framework for the work : What is the theoretical framework for the work? What are the hypotheses? What are the Independent Variables, and how are they manipulated
Examine the impact to the it support personnel : Examine the impact to the IT support personnel when an organization embarks on the strategy stated in Question 1. Analyze three considerations that the organization's management should be aware of.
How should they do so in an ethical manner : Is it OK not to see clients due to race, gender, sexuality, religion, etc.? Why or why not? If the therapist does see the client, how should they do so in an ethical manner
What is the firm profit-maximizing : If the firm produces 1,500units, its average variable costs equal $5.50per unit, and its average fixed costs equal $0.50per unit. What is the firm's profit-maximizing (or loss-minimizing) output level?
Write the declaration for this array in three different ways : The string of characters "GoodƒMorning" is to be stored in a character array named goodstr1. Write the declaration for this array in three different ways.
Light of apple performance : Need assistance with this weeks discussion question.  In 300 words please, provide your response to the posed question below.  Further, do you think Microsoft regrets taking action in light of Apple's performance today.
Explain freud psycho-sexual stages of growth : Explain the processes of generalization, discrimination, extinction and spontaneous recovery(USE REAL WORLD EXAMPLES) Explain Freud's Psycho-sexual Stages of Growth
Dispute arises from vagueness or ambiguity : If verbal, discuss whether the dispute arises from vagueness or ambiguity.- Yesterday I visited the exhibition of the work of Jean Michel Basquiat at the Central Gallery.

Reviews

Write a Review

Business Economics Questions & Answers

  What is the reliability of this part with such a design

Assume that the following data are known for a mechanical part under design: Load Stress is Normally distributed with ?s=15,000 psi and ?s=4,000 psi Strength of part is also normally distributed with ?ST=30,000 psi and ?ST=3,000 psi What is the safet..

  What would be the price charged in market

Assume the price charged in market 2 was $10, what would be the price charged in market 1?

  Inflation rate is published by bureau of labor statistics

What the recent inflation rate is as published by the bureau of labor statistics: What are the prospects for future inflation based on government estimates?

  Identify personal economic decision

Identify a personal economic decision that was driven by a behavioral bias rather than by pure rational behavior. Given your understanding of behavioral economics, how would your decision differ today?

  Other types of variables

Elucidate what other types of variables should be considered when determining what is reasonable in terms of maintenance expense.

  What would you charge private pay patients

Your dental clinic provides 3,000 exams for private pay patients and 1,000 exams for members of a union. Your fixed costs are $50,000 and your incremental cost is $40. If the union negotiated a fee of $45 instead, what would you charge private pay pa..

  Q1 tetrangle manufacturing has fixed costs of 2160 per day

q1. tetrangle manufacturing has fixed costs of 2160 per day. the firm manufactures bicycle component upgrade kits. the

  Comparative advantages

Explain how supreme as well as comparative advantages were used in your simulation.

  Describe in detail perfectly competitive market structure

Describe in detail a perfectly competitive market structure. Do you think such a market structure exists? Give an example of an actual market structure that resembles a "pure competition" model.

  Vital to the production of aluminum

Before World War II, Alcoa controlled the supply of bauxite in the United States. Because bauxite is a scarce resource that is vital to the production of aluminum:

  What are the negative effects of each

If the federal government chooses to increase government expenditures explain the three methods of financing the expenditures in terms of: which is the most expansionary, what are the negative effects of each, and which is the most inflationary.

  Checking account deposits at the chartered banks

If it is estimated that the checking account (demand) deposits at the chartered banks are $500. Using the above information, calculate M1, and money multiplier (m).

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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