What is Product Expansion?

Q: How do you calculate the revenue of a firm that produces only one good?

A: ANS TR is the value of the total number of goods sold by a firm in monetary terms. It is the product…

Q: If a firm has an accounting profit it must have an economic profit. O True

A: Profit = total revenue - total cost

Q: The demand function of "İsot Capsicum Biber Komandit Şirketi" of Ceylanpınar is: p = 1000 e 2 q…

A:

Q: What is the goal of a firm?

A: Total cost (TC): - it is the sum of fixed and variable costs incurred in the production process.…

Q: Should the Marginal revenue exceed the marginal cost? Why?

A: The firm is said to be in equilibrium when it has no tendency to increase or decrease its output. If…

Q: What are the short-run and long-run costs of the production of Adidas?

A: Short run Cost is the cost price of manufacturing processes that have short-term inferences, i.e.,…

Q: What do you mean by product variation?

A: # In markets such as oligopoly and monopolistic competition where there is high competition, in such…

Q: What is the relationship between revenue cost and profit?

A:

Q: After one month of operation, OU Café determined to shorten its business hours and close on…

A: The total costs of any firm includes fixed costs and variable costs. The fixed costs refer to those…

Q: What is the cost revenue? Explain with example?

A: Cost revenue is the total expenditure of producing and delivering a product or service to customers.…

Q: As quantity increases, a firm's average fixed costs will always....

A: average fixed cost (AFC) is  defined as the fixed costs of production (FC) divided by the quantity…

Q: What is the quantity produced for each firm? Round your answer to the nearest 1 decimal places.

A: Answer: Given: Inverse demand function: P = 120 – Q Assumption: All firms produce identical goods…

Q: Use the table to compute the marginal revenue and marginal cost

A: Marginal revenue is given as the additional revenue generated by producing one more unit of a good.…

Q: Bitcom, a manufacturer of electronics, estimates the following relation between marginal cost of…

A: MC= $150+ 0.005Q  For the supply curve, MC=Price So, P=150+ 0.005Q  Q=200P-30,000 This is the short…

Q: What happens when a company doesn't follow economic thoery and charges pries below the marginal…

A: At the point when an organization doesn't follow economic theory and charges costs below the…

Q: Define the term cost of revenue?

A: Revenue is defined as the amount of money or income generated by a firm for a given period of time.…

Q: What are the options available to a firm when the market demand exceeds capacity?

A: Here's a set of features that assist companies in proactively addressing excess demand and…

Q: A firm earns economic profit when total profit exceeds

A: To find : When firm book profit

Q: Under what conditions will a firm shut down temporarily? Explain.

A: One of the classifications of a firm’s costs is fixed cost (FC) and variable cost(VC). Fixed costs…

Q: What is average profit margin means?

A: Profit margin is calculated by dividing income by sales to determine how profitable a firm or…

Q: what are the maximum profits this firm can earn?

A: A competitive market is a typical market that answers the demands for goods and services. A…

Q: Under what conditions will a firm shut down temporarily? Explain theoretically and graphically.

A: Firm would shut down temporarily,if it is not able to cover the fixed cost. For this,price has to be…

Q: y = min(x1, x2) find input demand function find profit function.

A: Given Production function: y=min(x1,x2)         .... (1) Let w and r be the input price for input 1…

Q: If total revenue increases at a constant rate, what does thiscondition imply about marginal revenue?

A: Marginal Revenue means the rate at which Total Revenue is either increased or decreased on sale of…

Q: What is the marginal cost for this product?

A: A cost function refers to the formula that is used to predict the cost that the firm will incur at a…

Q: Why does exit occur?

A: When the firms earn less than their total cost of production, they make loss. If existing firms in…

Q: A. What is the profit maximizing combination of output ? В. what is the maximum profit?

A: The firm produces the goods and services which are sold at a particular price. The firm produces…

Q: How many units should the firm produce to maximize profit?

A: Profit is maximized at the output level, for for which MR = MC.

Q: Express the relationships among revenue, cost, profit, and volume?

A: Producer behavior can be assessed by understanding the relationship between revenue, cost, profit,…

Q: What is the firms profit or loss?

A: Since the marginal revenue of the firm is above the average total cost and the marginal cost the…

Q: oduced. pany currently produces 1 million tablets and makes a profit of D00, but -f tablets could…

A: * SOLUTION :-    From the given information the calculation as follows.

Q: A furniture maker currently produces 100 tables per week and sells them for a profit. She is…

A: Here, it is given that the furniture market is currently earning a profit and she wants to expand…

Q: What are transaction costs?  How do transaction costs affect the boundaries of a firm?

A: The cost incurred during the process of buying and selling goods and services is referred to as…

Q: Degree of competition and define it's types.

A: There are four degrees of competition.  Monopoly : in monopoly there is only one seller and hence…

Q: A firm TC = 120 + 50g - 10q? + q* Find the equations for a) Total Variable Cost b) Average Variable…

A: Question Two: TC = 120 + 50q - 10q2 + q3 (A) Variable cost is that part of TC which depends on…

Q: A firms total profit equals?

A: The amount of money a company makes by selling its goods or services at a specific price is revenue.…

Q: How do you calculate a firm's total cost and total revenue?

A: Total cost (TC) refers to the cost of all inputs needed to produce with the given unit of output. It…

Q: The profit function for a certain commodity is P(x) - 190x - x - 1000. Find the level of production…

A: In the production function, different inputs are used to produce the final output. Each input has…

Q: How does a change in the response rate affect profit?

A: A response rate refers to a rate that shows the number of people or participants who have responded…

Q: marginal rate of product transformation

A: The marginal rate of transformation (MRT) is the amount of a good that must be forgiven to gain one…

Q: Plot a diagram showing how a break–even point is determined in a firm

A: Any firm main objective is profit maximization and a firm maximizes its profit by producing at an…

Q: The average profit is the difference between

A: To find : What is average profit.

Q: When a firm takes the short-down decision?

A: Shut down is a situation when it is better for the firm not to produce instead of producing.

Q: Can the firm's marginal revenue really be negative? Why?

A: Marginal revenue is the additional revenue that occurs from the sale of one additional unit of the…