Elucidate the maximize profits

Assignment Help Business Economics
Reference no: EM135532

Suppose at the current level of labor used, the MRP = $100 and the MFC = $50. To maximize profits, the firm should

Additional Requirements

a. reduce the level of labor
b. hire more labor
c. maintain the current level of labor
d. shut down

Reference no: EM135532

Questions Cloud

What piece of evidence contradicts this claim : Hermann Kolbe's synthesis of an organic compound, acetic acid, from inorganic substances that had been prepared straight from pure elements was an important milestone for what reason.What piece of evidence contradicts this claim.
Description of surface-to-volume relationships : Advantages and disadvantages of mesoderm, the need of modifications for the elimination of nitrogenous waste, and a description of protonephridial function.
Idea that a country can simultaneously pursue : Idea that a country can simultaneously pursue only two of the three following policies: free international-capital flows, monetary policy for domestic stabilization, and a fixed exchange rate.
Why benefits are strategically significant to employers : Why benefits are strategically significant to employers and what is some main strategic consideration. What parts of the cell did molecules in this tube probably come from? Describe briefly.
Elucidate the maximize profits : Suppose at the current level of labor used, the MRP = $100 and the MFC = $50. Elucidate the maximize profits
Which of the follow is not a function of meiosis : Which of the follow is NOT a function of meiosis. Generation of genetic diversity by crossing over.
Recognizes true statements of cholesterol and its fluidity : Recognizes true statements of cholesterol and its fluidity. Cholesterol increases membrane fluidity that otherwise contains mainly long chain saturated fatty acids.
Explain natural rate hypothesis are all related : Explain how the short-run Phillips curve, the long-run Phillips curve, the short-run aggregate supply curve, the long-run aggregate supply curve, and the natural rate hypothesis are all related.
What would occur to the preferred habitat of your plant : What would occur to the preferred habitat of your plant (Red Maple) in case of partial water drainage of the Mer bleue marsh (such as the water level would go down half the depth of the marsh).

Reviews

Write a Review

 

Business Economics Questions & Answers

  How many popsicles will be sold-supplied

How many popsicles will be sold/supplied each day in the short run if the price rises to $4 each per day

  Rationale of the reagan administration

Compare the rationale of the Reagan administration for the 1981 tax reductions with the rationale behind the Kennedy-Johnson tax cut of 1964

  Semiconductor chips are used to store information

Semiconductor chips are used to store information in electronic products, such as personal computers. One of the early leaders in the production of these chips was Texas Instruments (TI).

  Elucidate the marginal revenue from the fourth worker

Elucidate the marginal revenue from the fourth worker

  Given the demand and cost conditions

Given the demand and cost conditions, what price, output and profits result in the short run? What will happen as the firm moves from the short to the long run

  Examined relationship among height of children and parent

A cousin of James Darwin, examined the relationship between the height of children and their parents

  Do protectionist policies benefit producers

Do protectionist policies benefit producers, consumers, workers, or the government

  Reserve requirements of top commercial banks

The People's Bank of China, the country's central bank, raised the reserve requirements of its top commercial banks to put a squeeze on the credit market

  Why do celebrity icons receive such widespread attention

Why do celebrity icons receive such widespread attention and adulation

  Dependency theory characterizes countries

Dependency theory characterizes countries as being either in the center or on the periphery

  Government encourage a decision to expand

Government encourage a decision to expand? How would it affect the reputation of the business?

  Determine cost to government of buying firms unsold units

Determine the cost to the government of buying firms unsold units

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