Lori teaches singing. her fixed costs are $1,000 a month, an, economics, Microeconomics

Price | Quantity demanded
_________________________
0 250
50 200
100 150
150 100
200 50
250 0

A) Calculate Lorie''s profit-maximizing output, price, and economic profit.

B) Do you expect other firms to enter the singing lesson business and compete with Lorie?

C) What happens to the demand for Lorie''s lessons in the long run? What happens to Lorie''s economic profit in the long run?
Posted Date: 3/5/2012 10:52:27 PM | Location : United States







Related Discussions:- Lori teaches singing. her fixed costs are $1,000 a month, an, economics, Assignment Help, Ask Question on Lori teaches singing. her fixed costs are $1,000 a month, an, economics, Get Answer, Expert's Help, Lori teaches singing. her fixed costs are $1,000 a month, an, economics Discussions

Write discussion on Lori teaches singing. her fixed costs are $1,000 a month, an, economics
Your posts are moderated
Related Questions
1. Igora's pizzeria want to know if it should stay open this spring. Total Revenue will be $ 12,000 per week and Total Cost will be $ 18,000 per week. The fixed cost of running the

meaning and characteristics of plural sense and singlural


a) Collect costs, revenue data, or other data from the industry that you deem relevant. Describe how you would modify the data in order to make it relevant to decisions a manager m

Which firm has the greatest minimum efficient scale?

who propounded the pure international theory of trade?

discuss the implications of various market structures(competitive and non-competitive)for price determination

The issue I like to discuss is the ‘US Mortgage Delinquency'. The Mortgage Delinquency may be defined in simple term as the ‘repeated failure to make loan repayment on time'. The d

Two firms produce a pollutant called Q. The total costs of reducing emissions of Q are as follows for Firm 1 and Firm 2, respectively: TC1=10+100Q12 TC2=20 + 50Q22. This means tha

Current Daily Status(CDS): The reference periods (i.e. a year, a week and a day) are basically used to describe the period for which the workers are employed in the economy. T