Corporation is currently producing

Assignment Help Business Economics
Reference no: EM13893135

The XYZ corporation is currently producing 1000 units of output. The marginal cost of one additional unit is $10. The resulting marginal revenue from selling that unit is $12 is the firm maximizing profits? If not, should it produce more or less?

Reference no: EM13893135

Questions Cloud

Define national income as total income of all capitalists : Define national income as total income of all capitalists in a country plus total income of all workers (including immigrant workers) in the same country. Per capita income is defined as national income as defined above divided by all people in the c..
PPT slides where highly variable data leads to uncertainty : The PPT slides suggest that variation is closely related to the ideas of risk and uncertainty. Describe two examples from the PPT slides where highly variable data leads to uncertainty about outcomes and where risk-averse and risk-seeking individuals..
The cost function of a single-product firm : An economist estimated that the cost function of a single-product firm is
Manager with the appropriate incentive to increase profits : The owners of a small manufacturing concern have hired a manager to run the company with the expectation that (s) he will buy the company after five years. The goal of the owners in making this hire is to find the appropriate manager that will increa..
Corporation is currently producing : The XYZ corporation is currently producing 1000 units of output. The marginal cost of one additional unit is $10. The resulting marginal revenue from selling that unit is $12 is the firm maximizing profits? If not, should it produce more or less?
Making the rubber-like material required for the toys : A company that produces toys is considering backward integration into production of a certain type of oil, an important component in making the rubber-like material required for the toys. This oil is traded in world commodity markets and its price fl..
What happens to her budget line and opportunity set : Dale goes to the opera and ice hockey games. Draw a budget line for Dale. If the government imposes a 25% income tax on her, what happens to her budget line and opportunity set?
What is her marginal rate of substitution between tea-coffee : If Mia views two cups of tea as a perfect substitute for one cup of coffee and vice versa, what is her marginal rate of substitution between tea and coffee?
What is the price elasticity of demand : At 10$ per pizza, 100 pizzas were demanded. At 9$ per pizza, 125 pizzas were demanded. When the price of pizza falls from $10 to $9 what is the price elasticity of demand?

Reviews

Write a Review

Business Economics Questions & Answers

  Calculate the expected utility of each project

Calculate the expected utility of each project according to this criterion. Is this individual risk adverse, risk neutral, or risk seeking? Why?

  Command economy also a market economy

Illustrate what is the difference among a command economy also a market economy.

  Brown shoe company cut its costs in order to increase

Would you suggest that the Brown Shoe Company cut its costs in order to increase its revenue.

  What is the area of the triangle shaded in blue

ADVANCED ANALYSIS Assume the following values for Figures 4.4a and 4.4b. Q1 = 20 bags. Q2 = 15 bags. Q3 = 27 bags. The market equilibrium price is $55 per bag. The price at a is $95 per bag. The price at c is $5 per bag. The price at d is $59 per bag..

  Government imposed new requirement that gasoline

Recently the government imposed a new requirement that gasoline contain 10% ethanol; the ethanol is made from corn. This new government ethanol mandate has affected the market for cereal made from corn (such as corn flakes and Captain Crunch).

  Affect the consumer price index

In October 2011, Apple introduced the iPhone 4S, which had new features, including camera and voice control, but sold at the same price as the previous iPhone model. How did the introduction of the iPhone 4S affect the Consumer Price Index? What fact..

  Calculate the front end debt-to-income ratio

Given the following information, calculate the front end debt-to-income (DTI) ratio:

  About the local business person

Everett McCleskey, a local business person, is a good friend of Al Miller, the owner of a local candy store. Every day on his lunch hour, McCleskey goes into Miller’s candy store and stays about five minutes. After looking at the candy and talking to..

  What effect will this have on greeces net capital outflows

Earlier this year, Greek citizens, fearing currency changes or capital controls, took billions of euros out of their bank accounts. Some of it they sent to banks in other countries, and some of it they even hid in flower pots, freezers, and yes, unde..

  What is the equilibrium after aggregate supply changed

What is the equilibrium after aggregate supply changed? If potential GDP is $1 trillion, does the economy have an inflationary gap, a recessionary gap, or no output gap?

  Compute the total revenue the total cost and the profit

You are the manager of the surgery department at a hospital which serves mostly Medicare patients. The hospital performs 1,000 surgical operations per year using the traditional method. Compute the total revenue, the total cost, and the profit at the..

  What indifference curves and budget constraints

What indifference curves and budget constraints to explain how an individual labor supply is affected by qualifying for the TANF program?

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