Firm make profits of losses with this quantity, Macroeconomics

Assignment Help:

The Marginal Costs (MC) for a firm is given by the function MC=50x. Please find the Marginal Revenues (MR) for each of the following scenarios (if appropriate). Then, find the profit maximizing production quantity. Does the firm make profits of losses with this quantity?

• For a price of 10, the firm can sell as many units as it wants to.

• The demand function is xp20110?

• The demand function is xp2040?


Related Discussions:- Firm make profits of losses with this quantity

Natural resources are being rapidly depleted, Assume that there are only tw...

Assume that there are only two inputs (labor and natural resources) producing two goods (movies and gasoline) with no improvement in society's technology over time. Further, assume

Classical quantity theories, Classical Quantity Theories Quantity theor...

Classical Quantity Theories Quantity theories have had a long history and a widespread use in economics. As originally formulated these were not explicitly designed as theories

Determine the term - hot money, Determine the term - hot money A large ...

Determine the term - hot money A large 'hot money' inflow shifts the demand curve for currency to the right, leading to exchange rate rising and to an overvalued exchange rate

Define elasticity of supply, Define elasticity of supply. What factors infl...

Define elasticity of supply. What factors influence Elasticity of Supply? There is only one type of identifiable elasticity of supply measuring the responsiveness of market sup

Price, The prices of fresh fruits have risen recently in the Jackson area. ...

The prices of fresh fruits have risen recently in the Jackson area. Why would this have occurred? Explain.

The difference among a floating and managed exchange rate, Explain the diff...

Explain the difference among a floating and managed exchange rate. The key distinction here is that a floating exchange rate is set by market forces, i.e. supply and demand. A

Labor supply and labor demand in the keynesian model, Supply of labor, L S ...

Supply of labor, L S (W/P), depends positively on real wages in classical model. It isn't always clear which individuals are included in the labor supply. Labor supply may consist

Describe the economic justification for free trade policies, Some manufactu...

Some manufacturing and agricultural products produced in the Midwest are exported to overseas markets.  US consumers and businesses also purchase many products produced outside the

Write Your Message!

Captcha
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