What is the firm''s economic profit in the short run

Reference no: EM131148005

At a market price of $50 a batch, what quantity does Lin's produce and what is the firm's economic profit in the short run? Do firm's enter or exit the market in the long run?

Reference no: EM131148005

Questions Cloud

Determine the constraints on the variables : The CDs she buys at a discount for $12 each. Write an inequality to model the situation. Then, determine the constraints on the variables.

What are two approaches in conceiving a vision : What are two approaches in conceiving a vision, and what are the positives and negatives of each approach?- How would you become a better listener?

Identify and analyze the major driving forces : As part of the Strategic Business Plan, you have been asked to: Identify and analyze the major driving forces for change in the external environment of the motorcycle industry

Analyze the relationship between risk and rate of return : Analyze the relationship between risk and rate of return, and suggest how you would formulate a portfolio that will minimize risk and maximize rate of return.

What is the firm''s economic profit in the short run : At a market price of $50 a batch, what quantity does Lin's produce and what is the firm's economic profit in the short run? Do firm's enter or exit the market in the long run?

What is likely to be an individual''s single biggest asset : What is likely to be an individual's single biggest asset? Gordon Carey uses his Visa card to purchase a new digital camera and lens. What type of credit did Gordon use?

Compare the naeyc naecs sde joint position statement : Determine where there are specific areas of agreement and disagreement between the position statement and the textbook guidance.

What were the key developments that propelled europe : What were the key developments that propelled Europe to a more central role in shaping world history between 1750 and 1914?

What is the appropriate rotation rate of the prototype : Write this relationship in dimensionless form. A model windmill, of diameter 50 cm, develops 2.7 kW at sea level when V =40 m/s and when rotating at 4800 r/min.

User Account

All Pages