What is the firms profit, ECONOMICS 24A Harvard University

What is the firms profit

Reference no: EM133319283

Question: Thoroughbread is a firm that bakes bread and sells it in a competitive market. Assume that Thoroughbread maximizes its profit. The next four questions are about this firm.

In the short run, the firm's revenue is $1,200, the variable cost is $1,000, and the fixed cost is $600. What is the firm's profit?

Reference no: EM133319283

Questions Cloud

How does the lack of hospice care in the prison system : How does the lack of hospice care in the prison system relate to agencies, and how could it impact individual clients or families?

Watch the how china is changing your internet video : For your final discussion post of the term, watch the How China Is Changing Your Internet video (5:57) published by The New York Times.

Does the chemical reaction absorb or release energy : If the neutralization reaction is required to be carried out at 80°C, at what temperature should the oil enter - determine the mass flow value of the water

Have you encountered microaggressions in the workplace : Have you encountered microaggressions in the workplace? What are the immediate effects of microaggression on an employee? What can be done about it?

What is the firms profit : ECONOMICS 24A Harvard University In the short run, the firm's revenue is $1,200, the variable cost is $1,000, and the fixed cost is $600. What is the firm

What mean physical determinism and the elitist-populist : physical determinism and the elitist-populist dilemma are major shortcomings with urban planning. What do these terms mean? What can be done to overcome these

What are implications of this from a marketing standpoint : Is the decision to reduce marketing of opioids a proactive or reactive resolution by Purdue Pharma? What are implications of this from a marketing standpoint?

What is hausmans view on this discussion : ECONOMICS 0231 Harvard University should be evaluated not by the realism of the assumptions, but by its predictive power for the class of phenomena it aims

Describe the innovation process : Describe in detail the innovation process (recommended: using parts of the "Thom"-process): What is the target to be reached?

User Account

All Pages