User Account

All Pages

Manager of a perfectly competitive firm

Assignment Help Business Management
Reference no: EM131287290

DISCUSSION QUESTION PART 1: Explain, in your own words, why profit maximization happens at the point where MR = MC, and not where MR is greater than MC. Refer to Figure 7.2. in the textbook. Should the 4th unit of output be sold? What about the 5th unit, 6th unit, 7th unit, 8th unit, 9th, or 10th unit? Use your understanding of MR = MC rule to explain.

DISCUSSION QUESTION PART 2: If you are the manager of a perfectly competitive firm that is making a loss (TR < TC), would you decide to shut it down? Under what circumstances would you decide to operate an unprofitable business?

Reference no: EM131287290

Questions Cloud

Use external and internal reference prices : Consider the last purchase you made on sale. How did you use external and internal reference prices to determine the product's value?
Demand for columbia brothers coffee : Suppose that the price of flavored milk is increased by 5 %. What impact will this have on the demand for Columbia Brother's coffee?
Under absorption costing-fixed manufacturing overhead costs : Under absorption costing, fixed manufacturing overhead costs:
Friedman methodology of positive economics : Briefly write and explain Friedman's methodology of "Positive Economics". Do you think the discrimination of economics as "normative" and "positive" is a logical move in building theory?
Manager of a perfectly competitive firm : If you are the manager of a perfectly competitive firm that is making a loss (TR
Adopt a skimming or a penetration pricing strategy : As the product manager for Puma running shoes, you are in charge of pricing new products.- Should you adopt a skimming or a penetration pricing strategy? Justify your answer.
Create a matrix identifying internal-external recruitment : Create a matrix identifying internal and external recruitment strategies and methods as part of workforce planning needs; for example, strategies might include job fairs, online résumé submission, or planned networking events.
Explain the company brand value : Use the Geerts/Veg-Sala framework (see tables 1 thru 6) to analyze and explain the company's brand value, traditional communication, and internet communication to show how effectively or ineffectively "your" brand uses social media and/or other we..
Explain process of solving the problem of inaccurate science : Describe your process of solving the problem of inaccurate science - compare and contrast the divergent ideas present in the myth vs. the fact.

Reviews

Write a Review

Business Management Questions & Answers

  Explaining organizational mission or vision

If a healthcare leader's personal ethical perspective does not agree with the organizational mission or vision.

  Spent on shifting the stocks to new building

After the construction of their new factory building M/s XYZ Co. shifted to it. During this process$ 20,000 were spent on pulling down the old structure and $ 2,000 were spent on shifting the stocks to new building. These expenditures are to be cl..

  Would this be classified as a fitting example

According to the article, "GM said in its statement that more than 96% of the salaried workers will get bonuses of 4% to 16% of their base pay." If I were a stakeholder. Would this be classified as a fitting example of inappropriate self-interest ..

  Write about amazon company

I want it to be about Amazon Company (for online shopping). Company name and website (http://xxxxxxxxxxxxx), Basic Details about the firm: History (who, when, where, how it started)

  Use of hr technology

The use of HR technology has grown rapidly in the past decade as workforce technologies are used to transform the way HR delivers its activities.

  Explain what is the effect of investing in mtbf

Explain What is the effect of investing in MTBF that is 1000 hours higher than the range of customer expectation

  Explain what cultural environment will staff of that company

Explain what cultural environment will staff of that company encounter in the workplace in each of the countries?

  Prepare a report at emphasizes measurement

Use academic research and prepare a report at emphasizes measurement and evaluating techniques can be used in leadership in automobile industry.

  Identify fiscal policies that are currently being recommende

Identify fiscal policies that are currently being recommended by government leadership.

  Average total cost of producing players

You own a company that produces MP3 players. You are currently selling 100 MP3 players per week. Your average total cost of producing these players is $100. Tom Waits comes to your factory and says he needs an MP3 player and will pay you $95 for i..

  What marketing strategies would you suggest to companies

Listed here are three different products in various stages of the product life cycle. Illustrate what marketing strategies would you suggest to these companies?

  What personal characteristics are employers looking for

What personal characteristics are employers looking for in individuals whom they consider for long-term employment and probable advancement in the organization? To what extent can one develop these characteristics?

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