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Say you are the manager of a perfectly competitive firm selling a product. Your business is making a loss because total revenue is less than total costs. What would you do--shut down or continue to operate? Use hypothetical numbers to explain. Information you need to provide include--state the product you are selling, the price of the product, the quantity of the product you produce, fixed costs, total cost, figure out total revenue, total and average variable costs. Then go ahead and make your decision. Explain carefully why it makes better sense to shut down rather than continue to operate or to continue to operate rather than shut down, as the case may be. How do fixed costs play a role in your analysis? What is the difference between shutting down and going out of business?
what will be the value of the lost revenue after a 3-year period at an interest rate of 11.940397% per year, compounded continuously?
Coke also Pepsi have their market dominance for nearly a century. General Motors also Ford have been hard hit by competition.
q1. in the case of the diamond duplicative mineshafts were a waste if economic resources and the law makes them
what is the size of the bank's actual reserves. Required reserves are 10 percent of transactions deposits under the assumptions of the simple multiplier formula, then eventually the money supply will increase by.
For a product, at a price of $3, quantity demanded is 60 units and at a price of $5 quantity demanded is 40 units. Using midpoint formula, calculate value of price elasticity of demand.
q.country economic analysis report country is indiafor the most current year collect the subsequent data1 gdp you may
On one hand, the WTO's role in international trade is becoming more significant. On the other hand, its verdict on the Brazil's Embraer versus Canada's Bombardier case did not seem to solve the problem.
Find the total industry output and the number of firms in the market. How much economic profit does each firm in this market make?
Assuming which the budget stays the same except for the interest on the debt for 10 yrs which will be accumulated debt
During 2006 a leading auto manufacturer produced 20 million of minivans. However due to soaring gas prices the sale of mini vans becomes sluggish and by the end of 2006 only 16 million of mini vans are sold. what is the gdp of mini vans is ?
Illustrate what can the marketing director do to increase the explanatory power of a trade's equation.
The market demand curve for the industry is D(P) = 240 ? P/2. At the equilibrium market price, each firm produces 20 units. What is the equilibrium market price, and how many firms are in this industry?
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