What will its total profits or losses be

Assignment Help Financial Accounting

Reference no: EM133433331

Question: A perfectly competitive firm has a cost structure given by the data below, where Q = quantity of output, FC = Fixed Costs, and VC= Variable Costs. For now, assume the firm can only choose to produce one of the listed quantity levels, so it can choose to produce 20 or 50, but not 25 or 45.

Q	FC	VC
0	120	0
20	120	40
50	120	80
90	120	120
125	120	160
150	120	200
165	120	240
172	120	280

Suppose this firm can sell its output for $2.80. If it produces the profit-maximizing (or at least loss-minimizing) quantity, what will its total profits or losses be? If losses, enter a negative number.

Reference no: EM133433331

Questions Cloud

How much will be the capital balance of donny at year end : How much will be the capital balance of Donny at year end and How much will be the drawings' capital balance of Belle at year end

Prepare a report for the company executive committee : prepare a report for the company's executive committee on the effectiveness of theses programs. Make certain it is in the form of a professional business

Some workers refuse to share their job knowledge : Why do some workers refuse to share their job knowledge with either their co-workers or management?

What is her retirement savings credit for 2022 : She had MAGI of $17,000 for 2022 and used the single filing status. She has never taken a distribution from a retirement plan. What is her retirement savings

What will its total profits or losses be : If it produces the profit-maximizing (or at least loss-minimizing) quantity, what will its total profits or losses be? If losses, enter a negative number

Explain how the following tactics might help this manager : explain how the following tactics might help this manager put these eight principles into practice : The Personal Management Interview Feedforward Feedback

Why do you think it is important to edit your resume : How would you adjust your documents and why do you think it is important to edit your resume and cover letter to a certain position?

Identify the role that hr play in social issues : Identify the role that HR play in social issues. What social issue do you think HR professionals will need to address in the future?

What is the underlying cause of ranking conflicts : Comment on the commonly used capital budgeting measures. What is the underlying cause of ranking conflicts? Which criterion is the best one, and why

User Account

All Pages