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
chemistry assignments ,  Neutron diffraction supplements x-ray diffraction and is particularly helpful in locating hydrogen atoms. An x-ray beam is scattered primarily as a result

. Suppose fixed costs increase by $20. How will this affect TFC, TVC, TC, ATC, AVC and MC? Which numbers change and which stay the same?

Is it possible to get an expert to check my homework before I submit it?

would a rational producer be concerned with the average or marginal product of an input in deciding whether or not to hire the inputs?

Valence Bond Theory Explains, but does not predict the shape. Valence Bond Theory Cannot explain colour and spectra. Valence Bond Theory Qualitative explanations; does not expl

what happens when price is fix and there is a change of the supply and demand curve

What is the theory of second best

I don''t really understand how scitovsky contour is formed.

Do not submit more than 1 file in the Canvas submission link. A few years ago peanut farmers in India experienced a super-bumper crop due to favorable weather conditions. Initially

Returns to Scale in Carpet Industry *  The carpet industry has grown from the small industry to large industry with some large firms. *  Question - Can the growth be illu