Lori teaches singing. her fixed costs are $1,000 a month, an, economics, Microeconomics

Assignment Help:

Price | Quantity demanded
_________________________
0 250
50 200
100 150
150 100
200 50
250 0

A) Calculate Lorie''s profit-maximizing output, price, and economic profit.

B) Do you expect other firms to enter the singing lesson business and compete with Lorie?

C) What happens to the demand for Lorie''s lessons in the long run? What happens to Lorie''s economic profit in the long run?

Related Discussions:- Lori teaches singing. her fixed costs are $1,000 a month, an, economics

Determine customer satisfaction levels, Periodically, Merrill Lynch surveys...

Periodically, Merrill Lynch surveys its customers to determine customer satisfaction levels. They want to determine the impact of experience on the satisfaction ratings of their co

Short run, critically evaluate the two main utility theories

critically evaluate the two main utility theories

Private and social benefits, Private and Social Benefits Private benef...

Private and Social Benefits Private benefits are those which accrue to an individual. They may be both monetary and non monetary, direct and indirect. Earnings of an individua

General equilibruim, what is general equilibruim?

what is general equilibruim?

Contribution of capital accumulation, Question: Explain the contribution ...

Question: Explain the contribution of capital accumulation in the progress of an economy? Capital makes the technological progress of the economy possible. Different technol

Role of infrastructure in the economy, ROLE OF INFRASTRUCTURE IN THE ECONOM...

ROLE OF INFRASTRUCTURE IN THE ECONOMY: Economic Infrastructure produces services that directly facilitate and are basic to the carrying out of a wide variety of economic activ

Assignment, suppose you have a coffee shop. list of fixed input and variabl...

suppose you have a coffee shop. list of fixed input and variable input for operating the shop

Individual demand, INDIVIDUAL DEMAND * Price Changes - Using figures...

INDIVIDUAL DEMAND * Price Changes - Using figures developed earlier, the impact of a change in price of food can be shown by using indifference curves. Effect of Price

#title.elasticity of demand., different btn elesticity of demand and inelas...

different btn elesticity of demand and inelasticity of demand

Barometric forecasting, It is also known a sleadig indicators forecasting N...

It is also known a sleadig indicators forecasting National Bureau of Economic Research of U. S.A has identified three types of indicate Leading indicators coincidental indicators a

Write Your Message!

Name

Email id

Message

Verfication Code

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!

Submit Assignment

User Account

All Pages