What is profit maximizing output?

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: 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: what is the profit or loss at the profit maximizing output?

A: Profit maximizing level is where MC= MR. This is at P= $40 and Q= 200.  Given ATC is less than…

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: Should Tim want to maximize his profit in the short-run, how many t-shirts will he produce?

A: Given that the market structure is monopolistic competition, the profit maximizing condition is  MC=…

Q: The value of marginal revenue is $35 and the value of marginal cost is $30 Is the firm maximizing…

A: # The values of marginal revenue and the marginal cost helps us gain the idea whether the firm is…

Q: H) The lona College intern suggests that the company should increase the number of sweatshirts it…

A:

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: profi

A: Profit maximization is the process which maybe used in short or long run which helps a firm in…

Q: If marginal profit is negative what information can you infer about marginal cost and marginal…

A: Marginal profit is given as :- Marginal profit = Marginal revenue - Marginal cost It's given that…

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: What is the difference between Economic Profit and Accounting profit?

A: Explicit Cost is the cost paid to factors of production that are hired from outsiders. Implicit Cost…

Q: Why do a firm's profit disappear in the long run?

A: The firms operating in the long run, have to adjust and abide by the time frame which would allow…

Q: What is profit

A: Profit = Revenue - costs

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: a. What is the profit-maximizing level of output?

A: The main objective of every firm is to maximize their profits. Profits are calculated by taking the…

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: When will a business shut-down in the short-run?

A: Short-run: - it is a short time period in which some factors of production are variable and some are…

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: Why economic profit is negat

A: Profit: It refers to the revenue earned by the companies. With more profit earned by the companies,…

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: If the firms are earning abnormal profit how will the number of firms in industry change?

A: According to the given question In Simple words we can say that the abnormal profits are the profits…

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: 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 does that mean in terms of long-run profit?

A: Perfectly Competitive Market is the market in which buyers and sellers are large in numbers and they…

Q: What price will farmer Brown charge when maximizing profit? Farmer Brown will charge a price of $…

A: Farmer Brown will charge a price of $40 per box of peaches. Farmer Brown maximizes profit when…

Q: Can the given Marginal revenue be negative ?  True or false

A: According to the given question It is the amount of the marginal revenue which usually whatever will…

Q: What is the difference between economic profit and accounting profit?

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: To compute Economic Profits, which costs are used? Illustrate

A: The term ‘Economic Profit’ of a firm or an organization refers to the difference between the revenue…

Q: How do you calculate marginal cost and marginal revenue?

A: Marginal revenue:   Marginal revenue refers to the additional revenue that made by selling of one…

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: Explain profit ?

A: The average sales price multiplied by the number of units sold equals revenue. Net income is…

Q: What is the meaning of economic profit. Support your answer by example?

A: There are two types of profit: Economic Profit Accounting Profit The economic profit can be…

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: e. Find the number of candies that will produce maximum or minimum profit f. Will the number of…

A: We have given  Price of saltwater taffy =$45 Cost function: C(x)=0.001x3+0.045x2-175x           ....…

Q: To produce x units of t-shirts costs C(x) = 7.50x + 1200. The revenue is R(x) = 16x. a) Find the…

A: At break even, total revenue is equals to total cost.