Marketplace price dropped

Assignment Help Business Economics

Reference no: EM1312208

Q1. In 2008 Dilbert's Incorporated produced 5,000,000 units of accounting software. Starting of 2009 pointy haired boss reduced total annual hours of employment from 10,000 to 8,000 also production was 4,800,000. These numbers indicate that productivity

Q2. Q3 Suppose a firm has the following costs:

Output10111213141516171819
Total Cost$50$52$56$62$70$80$92$106$122140

(a) If the prevailing marketplace price is $14 every unit Elucidate how much should the firm produce?

(b) Elucidate how much profit will it earn at that output rate

Reference no: EM1312208

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