Explain what element represents increasing marginal cost

Reference no: EM13245503

Give a hypothetical/real world example of the MR=MC principle (Profit maximizing point). Explain what elements in example represents decreasing marginal revenue/benefit and what element represents increasing marginal cost.

Reference no: EM13245503

Questions Cloud

Find optimal number of shirts produced to minimize cost : The cost function per t-shirt is identified to be the following: y=ln(X+1). Fixed costs associated are a step function based on area needed. For each 1000 shirts, the cost associated with storage space is $1000 .

Give an example of an event or incident that has taken place : Give an example of an event or incident that has taken place in the U.S. economy which has a major economic impact--be specific, e.g., 9/11 attack,

What is the phase difference between the two waves : Two waves have the exact same frequency, wavelength, and amplitude. They are both travelling in the +x direction, What is the phase difference between the two waves.

Calculate the present value of the following cases : You counter the publisher's offer with a counter-offer that will pay you $1.5 million today plus $5 per book sold in each of the next three years.

Explain what element represents increasing marginal cost : Give a hypothetical/real world example of the MR=MC principle (Profit maximizing point). Explain what elements in example represents decreasing marginal revenue/benefit and what element represents increasing marginal cost.

How much would you be willing to pay for this security : Suppose that one year has elapsed, you have received the first payment of $600, and the market interset rate is still 5 percent. How much would another investor be willing to pay for your security?

What is the frequency of the sound produced : A person is drinking water from a plastic bottle. When the water level is 6cm from the top of the bottle, the person blows across the top producing a sound

Describe relationship between unemployment and real wages : Describe the relationship between unemployment and real and nominal wages. Which is more important and why What effects would either an increase or decrease in unemployment have on wages

What is the present value of the bond show your work : You buy a government bond that pays interset twice a year. The interset payment is $300 each six months. The bond matures in six years. The face value of the bond is $10,000. The annual market interset rate is 6 percent.

User Account

All Pages