Calculating total profit and revenue

Assignment Help Managerial Economics

Reference no: EM1372023

1. Assume a company is operating at the minimum point of its short-run average total cost curve, so that marginal cost equals average total cost. Under what circumstances would it choose to alter the size of its plant?

2. Explain: In the short-run, why might a firm still operate even when there is a loss?

3. Suppose a firm is producing 1,000 units of output (Q). Its average fixed costs are $100. Its average variable costs are $50. What is the total cost (TC) of producing 1,000 units of output (Q)? It the price (P) of the good is $200, what is total revenue? What is total profit?

Reference no: EM1372023

Questions Cloud

Write program in java to input basic salary of persons : Write the program in java to input basic salary of 15 persons. Each one of them gets 25% of basic as hra (house rent allowance), 15 % of basic as conveyance and 10 % of basic as entertainment allowance.

Sacrifice to protect environment : Please discuss your reasons if you think that it is the sacrifice or why you don't believe that we are really making the sacrifice when talking about protecting the environment.

Write script in unix to monitor creation of pdf in directory : Write script in unix which monitors creation of .pdf or PDF file in current directory. Every minute it must display list of these filenames created after previous display a list.

Conflict theory-symbolic interactionism : Provide an example of a conflict theory perspective on crime. Provide an example of Symbolic Interactionism as a theoretical perspective on education.

Calculating total profit and revenue : Assume a company is operating at the minimum point of its short-run average total cost curve, so that marginal cost equals average total cost.

Write program to read data of four students from input file : Write C++ program which reads data of 4 students from the input file which name is given by user and displays summary report of students' marks on output file stdMarks.out"

Us nationalism and politics of fear : Fear seems to be a real motivator for some politicians and media pundits. Do you think these type of fear tactics are really successful with Americans in general?

Personal-professional and social identity : Based on personal, professional, and social identity, develop the profile of your multiple roles. Structure your response with following questions in mind: Recognize the roles you play, and in what contexts you play them in the course of the day.

Calculate the quantity of labor demanded by the firm : A company has a technology described through the production function, Calculate the quantity of labor demanded by the firm and cost minimizing K/L ratio.

User Account

All Pages