A firm makes and sells a computer

Assignment Help Microeconomics
Reference no: EM13686022

A firm makes and sells a computer for $1000. The variable cost to produce a computer, for the range of production of the firm, is $300 per unit. The total fixed costs per year to make the computer are $4.0 Million. How many computers should be made and sold, given this information, before the firm makes a profit? How many should be made and sold to earn a $1 million pre-tax profit?

Reference no: EM13686022

Questions Cloud

How can a business use the knowledge : Identify and list three areas that you found interesting. How can a business use the knowledge of these areas in making well-informed business and employee decisions?
Predict the molecular geometry around all central atoms : Predict the molecular geometry around all central atoms
Long-run supply curve that slopes upward : Which of the following statements is true for a long-run supply curve that slopes upward? If total market output is increased unit costs of production increase if total market output is unchanged, unit costs of production increase. The total cost of ..
In a competitive industry the market-determined price : In a competitive industry the market-determined price is $12. A firm is currently producing 50 units of output; marginal cost is $15, average total cost is $10 and average variable cost is $7. In order to maximize profit, the firm should:
A firm makes and sells a computer : A firm makes and sells a computer for $1000. The variable cost to produce a computer, for the range of production of the firm, is $300 per unit. The total fixed costs per year to make the computer are $4.0 Million.
Causes this infectious disease : 1.What is the infectious agent (pathogen) that causes this infectious disease? For example, name of the bacteria, virus, or parasite.
Define cpa-security notion for symmetric key encryption : Please describe one-time pad encryption scheme and please show the one-time pad encryption scheme is perfectly secure - Define the CPA-security notion for symmetric key encryption = (Gen; Enc;Dec).
Describe how a bandwagon effect might speed : Describe how a bandwagon effect might speed up the rate at which DVD players are adopted by customers. Do likewise for the case of cable television subscriptions.
Decision rights marries authority with local knowledge : Decentralizing decision rights marries authority with local knowledge. This would seem to be a good thing, but a problem that may arise is that: local managers may have too strong a corporate identification.

Reviews

Write a Review

Microeconomics Questions & Answers

  How would budget deficit impact future economic growth

Is it possible for the government budget deficit to decline at the same time as the government debt increases Why or why not Under the assumption of ‘crowding out,' how would this impact future economic growth

  Find equilibrium price and quantity

Consider a market characterized by the following demand and supply conditions: PX = 15 - 2QX and PX = 3 + 2QX. The equilibrium price and quantity are, respectively, a $3 and 9 units.

  In what sense is the price of tickets too low

In Rolling Stone magazine, several fans and rock stars, including Pearl Jam, were bemoaning the high price of concert tickets. One superstar argued, "It just isnt worth $75 to see me play.

  Give one set of clear and concise written instructions for

prepare a package of forms and instructions to disseminate to each division head. the purpose of this package is to

  A doubling of both nominal gdp and prices for all goods

A doubling of both nominal GDP and prices for all goods and services in the economy implies that:

  Donate a large amount of money for student scholarships

A generous university benefactor has agreed to donate a large amount of money for student scholarships. The money can be provided in one lump sum of $12 million in Year 0 (the current year), or in parts, in which $7 million can be provided at t..

  What opportunities have you had to change or shape culture

edgar schein is one of the most respected authorities on organizational culture and actually claims that the most

  Compute the short run total product

Compute the short run total product, average product of labor and marginal product of labor for all numbers of L between 0 and 7.

  Which of the following examples is an adverse-selection

which of the following examples is an adverse-selection problem and which is a moral hazard incentive problem?nbsp

  Quantity supplied of cars exceeds quantity of cars demanded

Presume that the quantity supplied of cars exceeds the quantity of cars demanded. At the market equilibrium, resources are allocated efficiently because: Presume that at Jones and Smith Shoe Factory, the marginal cost of making a pair of shoes is $15..

  Looking for examples on the contestable market how would

looking for examples on a contestable market? how would this affectnbspa firms pricing strategy or advertising

  Market model patterns of changechoose and research an

market model patterns of changechoose and research an industry where there has been a pattern of change in a particular

Free Assignment Quote

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd