User Account

All Pages

Increase or decrease production in the short run

Assignment Help Business Management
Reference no: EM131941623

The market price for a good is $9 and will not change. Currently, a perfectly competitive firm is producing 1,200 units of output. At this level of output, the firm's variable costs are $7,000, its fixed costs are $5,000, its average total costs are at their minimum, and its marginal cost curve is upward sloping In order to maximize profits, should the firm increase or decrease production in the short run and why?

Reference no: EM131941623

Questions Cloud

Create a simple scene such as a room for your character : Design materials or textures for your model and the objects in the scene so that they render with appropriate surface properties, i.e., correct colours
What is the annual deposit required : A sinking fund involves a series of uniform deposits of $R made into an account at the end of each interest period.
Write a professional email message from the perspective : Write a Professional Email Message from the perspective of a character in the scenario. The email should discuss the communication issue provided in scenario.
Assess managing diversity in the workplace : Innovation often challenges the status quo of organizations and change agents in an organization must become intrapreneurs to meet those challenges.
Increase or decrease production in the short run : In order to maximize profits, should the firm increase or decrease production in the short run and why?
Provide an overall summary of your raw materials : Synthesis and Summary: Provide an overall summary of your raw materials and then synthesize the results for all of the categories
What is the marginal rate of transformation impact : Suppose that there are two products: clothing and soda. Both Brazil and the United States produce each product.
What is internal rate of return : If Moneypenny Moonbeam Incorporated buys a new piece of equipment for $18,000 on which it will enjoy a cash flow of $3,000 for 13 years.
How do you intend to use what you have learned in real-life : Why were these three ideas so important to you personally, and how do you intend to use what you've learned in real-life? Be specific.

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd