Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Revenue and Profit Maximization:
Whenever a good is produced, the individual firm which has produced incurs costs which are are referred to as private costs and the society in which the good has been produced also incurs costs which are known as social costs. Private costs include payments firms make for hiring or purchasing factors of production as well as cost of resources owned and used by the firms whereas social cost of production refers to the cost incurred by a society when its economic resources are used to produce a given commodity.In the short run production period the firm incurs fixed costs on fixed inputs and variable costs on the variable inputs. In the long because all inputs are variable the firm incurs only variable costs. In the long run where the firm can vary all inputs, there some advantages and disadvantages that accrue to the firm when it expands. The advantages of expansion are called economies of scales while he disadvantages are called diseconomies of scale.Revenue is what the firm receives when it sells its output. The excess revenue over the firms’s cost of production is profit.
"Describe the current Australian economic situation and support your claims with relevant economic indicators and variables. The RBA has maintained the cash rate of 4.75% for the
how to estimate costs?
Ask question #what is an indifference curveMinimum 100 words accepted#
when total production fall what,s the status of average product and marginal product
(1) The demand curve for oranges is given by the equation P = 5 – Q/200. The supply curve is given by P = Q/800. Q is measured in oranges per day and price is measured in dollars p
In fall 2006, Pace University raised its annual tuition from $24,750 to $29,750. Freshman enrollment declined from 1500 in fall 2005 to 1110 in 2006. assuming the demand curve did
How has the Haberler''s theory of opportunity cost an improvement over the classical theory of trade
A firm's production function is given by Q = √LK . The price of labour is w and the price of capital is r. a. The price of labour is $5 and the price of capital is $20. What is
Development Banks Banks that function as coordinating and intermediary industries to raise capital attract investment, and giving technical assistance for the economic develop
Assume you see that two macroeconomic variables are correlated with each other. But you want to know if there's an underlying or causal relationship between the two variables. Wo
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd