I product price is 185 at its optimal output will firm

Reference no: EM13455880

Answer the next questions (Parts A and B) on the basis of the following cost data for a firm operating in pure competition:

OUTPUT ------ TFC ---------- TVC

0 $500.00 0.00

1 500.00 70.00

2 500.00 130.00

3 500.00 170.00

4 500.00 200.00

5 500.00 300.00

6 500.00 510.00

(a.) Refer to the above data. If the product price is $185 at its optimal output, will the firm realize an economic profit, break even, or incur an economic loss? How much will the profit or loss be? Show all calculations.

(b.) Refer to the above data. If the product price is $200 at its optimal output, will the firm realize an economic profit, break even, or incur an economic loss? How much will the profit or loss be? Show all calculations

Reference no: EM13455880

Questions Cloud

Obama made the decision to start the withdrawal of troops : every one is aware of the issues going on in afghanistan and the apparent withdrawal of troops under the orders of

Describe the two types of evaluation research and provide : research in the university libraryto locate at least two research studies on human services management that provide

How did conquest affect indigenous populations and bring : answer the questions listed below.nbsp your response to each question should be 10 to 15 sentences in length and

Describe the relevance of this statement to a main change : explain to the class what you mean by being half american. if one is a citizen of the united states how can he or she

I product price is 185 at its optimal output will firm : answer the next questions parts a and b on the basis of the following cost data for a firm operating in pure

Research design including independent variables and : submit a 2600- to 3500-word research proposal on a human-services-related topic of your choice. include the following

Using a grand strategy matrix approach what strategies are : using a grand strategy matrix approach what strategies are recommended for a firm that is a weak competitor in a

Explain the key similarities and differences between : what are the key similarities and differences between consumer buying behavior and b2b buying

How were the three islamic empires established and what : answer the questions listed below.nbsp your response to each question should be 10 to 15 sentences in length and

User Account

All Pages