help, Microeconomics

Assignment Help:
A firm is currently operating where the MC of the last unit produced = $84, and the MR of this unit = $70. What would you advise this firm to do?

Related Discussions:- help

Mrp systems - basic inputs, MRP systems - basic inputs  It has been es...

MRP systems - basic inputs  It has been estimated that in the USA where MRP was originated and developed by Oliver Wight and George Plossl (1985), virtually all Fortune 500 ma

What is international monetary fund, Q. What is International Monetary Fund...

Q. What is International Monetary Fund? International Monetary Fund: An international financial institution established after World War II with the goal of stabilizing and regu

Explain about the term cost function, Explain about the term cost function....

Explain about the term cost function. Cost Functions This function measures the minimum cost of producing a specified level of output for some fixed factor prices. Likewise

Explain the first-order condition of sufficiency of consumer, Explain the f...

Explain the first-order condition of sufficiency of consumer. Sufficiency of Consumer’s First-Order Conditions This first-order condition is merely essential conditions for

Perfect Competition, Consider the market for Kitty Litter. Assume this ind...

Consider the market for Kitty Litter. Assume this industry is purrfectly competitive and is presently in long-run equilibrium. Suppose people begin to prefer Dogs as pets and Cat

Explain the concept of opportunity cost, The concept of opportunity cost oc...

The concept of opportunity cost occupies a very important place in modern economic analysis. The opportunity cost of any good is the next best alternative goods that are sacrificed

Evaluation of the wto, Evaluation of the WTO: The WTO is different fro...

Evaluation of the WTO: The WTO is different from and an improvement over the GATT in the following respects:  •  The WTO is more global in its membership.  •  The WTO ha

Aggregate demand and supply diagram, 1- Explain how a policy mix (like the ...

1- Explain how a policy mix (like the one used in 1990s) could help reduced to eliminate the budget deficit without having an adverse effect on the output.   Illustrate your answer

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