What is total cost to decrease and profits to increase

Assignment Help Business Economics
Reference no: EM1353848

Assume Dell computer Company operates in a perfectly competitive market producing 5,000 computers per day. At this output level, price exceeds this firm's marginal cost. It follows that producing one more computer will cause this firm's a. total cost to decrease b. profits to increase c. profits to decrease d. profits to remain unchanged

Reference no: EM1353848

Questions Cloud

Sketch a simple t-account for first national bank : Sketch a simple T-account for First National Bank which has $5,000 of deposits, a required reserve ratio of 10 percent, and excess reserves of $300. Make sure you balance sheet balances.
What is a direction of electric field at upper right corner : Three point charges are arranged at the corners of a square, with charge -Q on both the particle at the upper left corner and the particle at the lower right corner and with charge +2Q on the particle at the lower left corner.
Maximizing net present value : Josephine requires to sell her home in a down market and to do this, she is willing to finance the buyer. She discovered a buyer that suggested multiple offers.
Innovative culture : Does the firm to which you are most closely aligned appear to be promoting an innovative culture or more interested in control? To what examples would you point as evidence of an innovative culture?
What is total cost to decrease and profits to increase : Suppose Dell computer Company operates in a perfectly competitive market producing 5,000 computers per day. What is total cost to decrease and profits to increase.
Fundamental part of a companys culture : Which one of the following is not a fundamental part of a companys culture - the legends and stories that people repeat to illustrate and reinforce the company's core values, beliefs, traditions, and pra
Find the output mechanical power of the lift station : suppose an electric motor continuously operating with average power 4.65 kW runs the pump. Find its efficiency.
Amish culture vs mainstream american culture : Explain how has technology, especially communication technology, contributed to cultural diffusion and cultural retention? Give examples.
Explain sovereign wealth funds : Explain Sovereign wealth funds and high reserves are held by many developing nations today

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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