What output would joe produce in the short run

Assignment Help Microeconomics
Reference no: EM13733138

If the market price is currently $4,000 per unit, what output would Joe produce in the short run in order to maximize its profits (or to minimize its losses). Clearly explain your answer

Reference no: EM13733138

Questions Cloud

How did the civil rights act impact the future of blacks : How did the Civil Rights Act impact the future of Blacks?
Prepare article that relates to economics : Prepare article that relates to economics - simply summarize the key elements of the article.
Explain how you would apply the segmentation : Explain how you would apply the segmentation, targeting, and positioning (STP) approach to market the product in the foreign market
Why did so many black leaders reject marcus garvey : Why did so many black leaders reject Marcus Garvey? How did World War II affect black workers in America? What was the significance of A.
What output would joe produce in the short run : If the market price is currently $4,000 per unit, what output would Joe produce in the short run in order to maximize its profits (or to minimize its losses). Clearly explain your answer
Write an essay about harriet beecher stowe : Write about Harriet Beecher Stowe in 2 pj double space M writing as international student.
Which are the three most critical issues of this video clip : Please watch the following Video Clip: What Is So Important About Academic Integrity? at http://www.youtube.com/watch?v=xSfmWIlEhSg
Discuss why certain sets of data are better forecast : Analyze the historical data, and from that analysis, recommend an appropriate forecasting method for each product. For methods that require a selection of a number of periods, or constants such as weightings or α, you can randomly select typical v..
Describe the strengths and weaknesses of value management : Describe the strengths and weaknesses of using earned value management. Discuss the value of the data provided by a specific benchmark, and how the processes used by the benchmark company or organization can benefit you.

Reviews

Write a Review

 

Microeconomics Questions & Answers

  What does fed do to implement expansionary monetary policy

1.what does the fed do to implement expansionary monetary policy? draw the federal funds market with expansionary

  What is the regular price for a full pound of fish

A sign at the fish market says, "50% off, today only: half-pound packages for just $3 per package." What is the regular price for a full pound of fish, in dollars?

  Was the governments argument economically correct

(1) they cannot be purchased in regular grocery or hardware stores and (2) the presence of salespeople creates another "layer" that simply adds on the price. Was the government's argument correct, economically speaking Why or why not

  Consider a closed economy that has no government

Consider a closed economy that has no government. If saving is negative, then investment should also be negative. Is it possible for investment to be negative? What might be the most plausible channel for it to be so?

  For figure demand with zero transaction costs is q1s 50-p

for figure demand with zero transaction costs is q1s 50-p and supply is qs -7 2pa verify all of the prices and

  Economists generally dislike the restriction of trade

Economists generally dislike the restriction of trade because it

  Constant-value dollars and then-current dollars

A certain machine will have a cost of $25,000 (then $) six years from now. Find the PW of the machine if the real interest rate is 10% per year and the inflation rate is 5% per year using

  Unemployment short term or long term

Most spells of unemployment are short, and most unemployment observed at any given time is long term. How can this be?

  Lowering the interest rate to stimulate the economies

Explain why the European Central Bank cannot selectively change interest rates in any of the 16 EU countries that have adopted the euro—for example, lowering the interest rate to stimulate the economies of Greece, Ireland, or Spain, while maintaining..

  Draw cheese market for united states showing world price as

draw the cheese market for the united states showing the world price as the price for this market. how much cheese does

  Assume that there are two goods in the economy x and y

assume that there are two goods in the economy x and y. preferences of consumera are represented by the utility

  Analyze the past current and future cost considerations of

analyze the past current and future cost considerations of the company and on the basis of your costs analysis create a

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