A profit-maximizing firm in the short run will expand outpu

Assignment Help Microeconomics
Reference no: EM131031376

A profit-maximizing firm in the short run will expand output 

       until marginal cost begins to rise.
       until total revenue equals total cost.
       until marginal cost equals average variable cost.
       as long as marginal revenue is greater than marginal cost.

Reference no: EM131031376

Questions Cloud

Determine the internal energy change du of hydrogen : Determine the internal energy change Δu of hydrogen, in kJ/kg
Output decisions faced by firms : Assignment you will do a significant portion of work in MS Excel and import it into an MS Word document for submission. You will use the data below to address Price and Output decisions faced by firms that are not in pure competition. Some numbers ma..
Determine the enthalpy change dh of oxygen : Determine the enthalpy change Δh of oxygen, in Btu/lbm, as it is heated from 800 to 1500 R
What is the cournot equilibrium price and output : Assume a market demand curve of 240Q - 10p = 0 , if marginal costs are zero what is the cournot equilibrium price and output?
A profit-maximizing firm in the short run will expand outpu : A profit-maximizing firm in the short run will expand output
Quantity where price is equal to marginal cost : Which of the following statement(s) are true for a perfectly competitive firm that is seeking to maximize profits?The best production choice is at a quantity where price is equal to marginal cost.
Which the firm maximizes : 1.To find the output at which the firm maximizes its profits you MUST know the firm's A. ATC                                       B. AVC C. AFC
Discuss the positioning of boost juice in malaysia : Given the competition from the large number of new market entrants and also the local roadside drinks and juice stalls, develop an appropriate marketing communication strategy for Boost Juice in Malaysia
Legitimate finite probability model : (a) Why is this a legitimate finite probability model? (b) What is the probability that the person chosen is a 15- to 19-year-old who lives with others?

Reviews

Write a Review

Microeconomics Questions & Answers

  Estimate the target federal funds rate

Using the AD-AS model explain how the economy will adjust in the long run. Should the government undertake any proactive fiscal or monetary policy in this situation?

  Discuss the assertion that water is a necessity

Normal 0 false false false EN-US X-NONE X-NONE Introduction: Water is a ne..

  What was the best level of emission reduction

Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities. As a policy maker concerned with correcting the effects of gases

  Jennifer trucking company operates a large rig

jennifer trucking company operates a large rig transportation business in texas that transports locally grown

  Why smoking bans on bars and restaurants

Is there too much or too little smoking? Explain why smoking bans on bars and restaurants do not efficient solve an externality problem.

  What criterion could you use to determine whether a small

What explains that marginal cost increases as production of a product increases? inreasing cost law decreasing average cost property diminishing marginal product property law of increasing marginals thats just a sample this is not the test jeeff

  What is the effect of an increase in x on aggregate demand

One of the banking innovations in the 1960s was the payment of interest on certain types of demand deposits. Assume that interest is paid on money at the rate Rm, which equals (R-x), where x is exogenously determined in nominal terms by market str..

  The category of business tort known as wrongful interference

The category of business tort known as wrongful interference with a contractual relationship has three basic elements: (1) an enforceable contract between two parties, (2) a third party's knowledge of the contract, and (3) the third party's ind..

  Di?erence between autoregressive and moving-average process

Explain the di?erence between an autoregressive and a moving-average process. Why are AR and MA processes referred to as stationary processes?

  Invested in an individual retirement account

A survey of 800 workers indicated that approximately 465 have invested in an individual retirement account. Motional data suggests that 48% of workers invest in individual retirement accounts. Test an appropriate hypothesis with a=0.05 and state your..

  Which activity does alice have a comparative advantage

Alice and Bob are trapped on an otherwise uninhabited tropical island. They survive by picking coconuts and catching fish. Each works 10 hours per day. If each devotes 5 hours per day to each activity, this table describes how much of each goo..

  Predict for delta in a one-play game and why

Is there a dominant strategy? What is (are) the Nash equilibrium (equilibria)? Explain. Is there a mixed equilibrium strategy? What behavior would you predict for Delta in a one-play game and why

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