Illustrate what is the firm current profit

Assignment Help Business Economics
Reference no: EM1346236

At its current level of production a profit-maximizing firm in a comparative market recieves $12.50 for each unit it produces and faces an advantage total cost of $10. At the market price of $12.50 per unit, the firm's marginal cost curve crosses the marginal revenue current an output level of 1,000units. Illustrate what is the firm's current profit? Illustrate what is likely to occur in this market and why? Show the graph and caculations.

Reference no: EM1346236

Questions Cloud

Determine markup percentage : A production corporation produces and sells 40,000 units of a single product. Variable costs total $80,000 & fixed costs total $120,000. If unit is sold for dollar 8,
Elucidate how you would address each of the main problems : Elucidate how you would address each of the main problems in the organization.
Calculate the approximate risk premium for common stocks : Suppose that the consensus required rate of return on common stocks is 14%. In addition, you read in Fortune that expected rate of inflation is 5% & estimated long-term real growth rate is 3%.
Show the challenges of communication : Compare and contrast the communication methods used to manage a virtual team as opposed to a face-to-face team. Also, show the challenges of communication often faced with each type of team.
Illustrate what is the firm current profit : Illustrate what is the firm's current profit. Illustrate what is likely to occur in this market.
Describe the role of culture in international business : Describe the role of culture in international business - suggest ways to maximize cross-cultural communication.
Find the highest price for the stock : A stock is expected to pay a dividend of $2.50 one year from today, & growth rate is expected to be steady at 8 percent. If your required return is 14 percent,
Show the importance of teamwork in organizations : Importance of Teamwork in Organizations - Explain a problem to be solved and evaluate the characteristics of the perfect team to address the problem.
Explain marginal revenue product is greater than cost : As per the rule of optimal input usage, a firm should hire a person as long as her marginal revenue product is greater than her marginal cost to the company.

Reviews

Write a Review

Business Economics Questions & Answers

  The other product is k9grass for consumers who have pet dogs

The other product is K9Grass for consumers who have pet dogs. The addition of these two new synthetic grass products is a way for Forever Lawn to increase its:

  Relationship between vehicle age and resale values

A new Taurus bought in 1994 cost $18,680 and it could have been sold as used in 1995 for $12,600.

  Components of aggregate expenditure

What are the components of aggregate expenditure. What determines the slope of the aggregate expenditure line.

  Intra industry trade and inter industry trade

An increase in the number of varieties of a good regarded as a gain from trade. Can you think of economic disadvantages associated with greater product variety.

  High profits in a certain industry

the industry that this claim were untrue, what critical questions could you ask about the HHI used for the study

  Discourage twinkie consumption by raising the price

School tries to discourage Twinkie consumption by raising the price to $.40, by how much will Matt's mother have to increase his lunch allowance to provide him.

  Values for constructing the interval

Use EViews to get the correct critical t values for constructing the interval.

  Explain how demand for time travel

Explain how demand for time travel, as well as marginal income, long-run marginal cost also long-run average cost.

  Explain the effect of price ceiling also price floor

Explain the effect of price ceiling also price floor with reference to the concept of price elasticity of demand.

  His food stamp assistance

Now assume that once he earns $400 he loses all his food stamp assistance. How does this change his budget constraint.

  Time some internet trades such as grocery home

At the same time some internet trades such as grocery home deliveries have continually suffered steep losses regardless of scale.

  Arnett is appearing for a new web portal

Arnett is appearing for a new Web portal to utilize to access information which interests him on Internet.

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