Q: (d) Find the profit maximizing price. (e) Find the profit maximizing quantity. (f) Find the profit…
A: A firm will maximise profit at a point where marginal revenue is equal to marginal cost. Total…
Q: in the long run, what will be the firm's profit maximizing quantity?
A: in the long run a perfectly competitive firm produce output at the minimum point of AC
Q: What is the profit motive
A: Profit Motive: It is the firm's motivation that persuades the firm to earn more profit. The profit…
Q: Your friend is going to start a business. One important decision he/she has to make is setting…
A: Perfect competition: If the person starts his business in the perfect market situation, then the…
Q: H) The lona College intern suggests that the company should increase the number of sweatshirts it…
A:
Q: Sally runs a vegetable stand. The following table shows two points on the demand curve for the…
A: Answer - Given in the question - Price Quantity demanded per week $4 100,000 $2.75 200,00
Q: Why can't firms enter the market in the short-run?
A: There are various types of market structures which have different characteristics of the number of…
Q: (d) Find an expression for Chetan's supply curve. (e) Sketch Chetan's supply curve, his marginal…
A: Chetan's Fishing rods is a price taker so they are operating in perfectly competitive market. Chetan…
Q: Use the table, with data for Bishan and Amara, to answer the question. Table: Bishan's and Amara's…
A: Given information: The number of players, Bishan and Amara. Price followed by Bishan $35 and $50.…
Q: 2. Sadiq thinks he can sell Rs.4,200,000 worth of hardware in a year. What would his accountant…
A: the opportunity cost of a particular activity option is the loss of value or benefit that would be…
Q: If demand curve for alphonso mangoes is D = 25000 - 10P and supply curve is S = 10000 + 90P, find…
A: At equilibrium price, demand = supply
Q: a. What quantity does Smart Shoes produce? Answer: b. What is the price of a pair of Smart shoes?…
A:
Q: In what situation would a company give a discount?
A: Company is a profit making as well as employment generating organization. It provides the consumers…
Q: The market for athletic shoes is intensely compeotitive. In 2016, the Sports Authority, one of the…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: What is profit
A: Profit = Revenue - costs
Q: Evaluate the view that the main goal of firms will always be profit maximization
A: The profit is the excess revenue made by the firms after deducting the total cost of production from…
Q: How do you define 'profit
A: The main objective of the firm in whether competitive or imperfect competition market is Profit…
Q: What is marginal revenue and marginal cost?
A: Marginal cost and marginal revenues are main concepts that determine th optimal output of the firm.
Q: Every time you go to your firm’s lounge to get a cup of coffee, the pot is empty. Why?
A: The Law of Demand states if price of a good increases/decreases, demand of the good…
Q: Is Cath Kidston’s pricing strategy sustainable? Explain?
A: Cath Kidston’s pricing strategy is sustainable.
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: Why do more sales in not equal more profit
A: An expansion in deals/sales doesn't generally prompt an increment in benefit. Most organizations…
Q: What is Economic profit
A: Economic profit refers to the profit that obtained by deducting the implicit cost or opportunity…
Q: what is profit margin?
A: Profit margin is a measure of profitability. Profit margin is the diffrrence between the cost of…
Q: When does an Allocative Efficiency condtion associated with competitive equilibrium occur?
A: Answer: Perfect competition: perfect competition is a market structure where there is a large number…
Q: Jse the graph below to answer the following questions. Price Cost MC 20 АТС 16 AVC 14 10 MR Q 15 20…
A: A firm maximizes at the point where marginal revenue and marginal cost are equal. Profit = Total…
Q: QUESTION 18 of 20: The Columbus Blue Jackets have elected to use the cost-based pricing model. The…
A: Markup percentage=Price-CostCost*100 Given the values of mark up percentage and cost we can solve…
Q: At his profit maximizing output, what is the total profit earned by Tim?
A: Answer: A monopolistically competitive firm maximizes its profit where the marginal revenue (MR) is…
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: Use the table, with data for Tasha and Hui Er, to answer the question. Table: Tasha's Car Wash and…
A: If Hui Er price is $5, Tasha will choose a price of $5 because it maximize their profit by giving…
Q: what is differentiation? What are some forms of differentiation in washing detergents? How does…
A: A differentiation strategy is a methodology organizations create by giving clients something…
Q: How do you determine if a firm is profit maximizing?
A: A firm is profit maximizing if the firms total cost is less than is total revenue(TR = TC). We can…
Q: What is profit maximizing output?
A: The profit maximizing output is determined by equating marginal revenue with marginal cost.The…
Q: . Which is the other name that is given to the average revenue curve?
A: The average revenue curve represents the revenue per unit for different quantities of output.
Q: What is the profit maximization condition
A: Meaning of Market: The term market refers to the situation under which the producers or the…
Q: Draw a graph and explain the supply curve of a perfecly competitive firm.
A: The supply curve is the representation of the relationship between the quantity supplied and the…
Q: Draw a diagram to indicate the profit-maximizing level of output, the profit-maximizing price, and…
A: At any market structure, the firm would produce at the output level, where the marginal cost is…
Q: Explain the difference between a firm's revenue and its profit. Which do firms maximize?
A: Revenue is the total amount received by selling the required units of goods or services. Profit is…
Q: What is the profit maximizing level of output and how much daily profit will the producer below earn…
A: Profit is calculated as the difference between total revenue and total costs. In economics, total…
Q: What kind of business is a travel agency? What problems are solved with the help of a travel agency…
A: 1. A travel agency is a private merchant or government agency that offers tourism and travel related…
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: What is the goal of the Multitasking machine?
A: Multitask machining is the ability to conduct specific unattended manufacturing operations, without…
Q: Explain Profit Maximization Pricing?
A: Meaning of Cost Plus Pricing: The term cost-plus pricing refers to the situation under which the…
Q: what are the reason why business sell their products on a discount?
A: Offering discounts on buys is an approach to rapidly bring individuals into your store. Whenever you…
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