Perfectly competitive firm in three stages of profit

Assignment Help Business Economics
Reference no: EM13983965

Draw three graphs that shows a perfectly competitive firm in three stages of profit, loss, and break even. Explain the reason for each position the firm might have? Profit , Loss, Break-Even.

Reference no: EM13983965

Questions Cloud

What is elasticity of demand with respect to adverting : The following equation represents the weekly demand that a local theater faces. Determine the profit maximizing ticket price for the theater. What is the price elasticity of its demand at this price?  What is the elasticity of its demand with respect..
Demand is best defined as the relationship between : Demand" is best defined as the relationship between:
Difference between active and passive monetary policy : Explain why a stable 5% inflation rate can be preferable to one that averages 4% but varies between 1–7% regularly. Explain the difference between active and passive monetary policy. Suppose the economy is in long-run equilibrium, with real GDP at $1..
What is the minimum efficiency scale or output : Zeyton manufacturing company is a food producer operating out of Orange County California. The management team has estimated the following cost function: What is the "minimum efficiency scale" or output for this company?
Perfectly competitive firm in three stages of profit : Draw three graphs that shows a perfectly competitive firm in three stages of profit, loss, and break even. Explain the reason for each position the firm might have? Profit , Loss, Break-Even.
Find the economic service life of this new machine : A new machine would cost $18,000, have operating costs of $1,000 in the first year, and have a salvage value of $10,000 at the end of the first year. For the remaining years, operating costs increase each year by 15% over the previous year’s operatin..
Should he replace the existing machinery with the new unit : Five years ago, Thomas Martin installed production machinery that had a first cost of $25,000. At that time initial yearly costs were estimated at $1,250, increasing by $500 each year. The market value of this machinery each year would be 90% of the ..
Consider the mutually exclusive alternatives : Consider the following mutually exclusive alternatives: Each alternative has a 5-year useful life and no salvage value. The MARR is 10%. Which alternative should be selected if one uses?
Use the cash flow approach-opportunity cost approach : A company is considering replacing a painting machine purchased 9 years ago for $700,000. It has a market value today of $40,000. The unit costs $350,000 annually to operate and maintain. Analyze this using an EUAC measure and a MARR of 20% to perfor..

Reviews

Write a Review

 

Business Economics Questions & Answers

  Can you reconcile the little things with the trends

We talked about customer relations being about the little things. Now we are looking at trends. Can you reconcile the little things with the trends in customer relations? To help get started, identify and discuss several 'little things' and trends in..

  What the effect will be on equilibrium price and quantity

Other things being equal, explain the effect each of the following situations will have on either the demand or supply of corn. Explain also what the effect will be on equilibrium price and quantity. a. corn is now considered by doctors to be the mos..

  Illustrate what are the consumer surplus

Illustrate what are the consumer surplus, producer surplus and the social welfare in the market.

  Monopoly firm raise the price in order to increase revenues

Suppose an industry is monopolized, and the demand for the product sold by the firm is given by: Q = 200 ? 4P. At what price range should the monopoly firm raise the price in order to increase revenues?

  Among the measures of central tendency

A labor economist wants to know the relationship between education (measured by years of schooling) and annual earnings (measured in $1000). A random sample of 222 workers revealed a correction coefficient of 0.88. Based on the coefficient, Among the..

  If oligopolists compete hard against each other

If oligopolists compete hard against each other.

  Who is in favor of net neutrality

Who is in favor of net neutrality? What reasons do they offer for this position? What legal challenges are critics making against the FCC's rules? What three approaches are they taking? Which is likely to succeed?

  Why did japan''s export based economic groth stall

Why did Japan's export based economic groth stall in the period 1990-2012? In particular, focus on the differences between the modern

  Elucidate how much profit do the low-cost firms make

If none of the high-cost firms makes a positive profit, how large is n. Elucidate how much profit do the low-cost firms make.

  Preferences are represented by the utility function

Suppose David spends his income (I) on two goods, x and y, whose market prices are px and py, respectively. His preferences are represented by the utility function u (xy)= lnx + 2 ln y (MUx=1/x, MUy=2/y). Derive his demand functions for x and y.

  Economic feasibility

You are asked to conduct a five-year (Year 0 to Year 4) economic feasibility study. Based on project schedule, you conclude that the system will not be in operation during the current year (Year 0). The discount rate is 7%. Is there a break-even poin..

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

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