User Account

All Pages

Maximizing profit or minimizing the costs

Assignment Help Business Economics
Reference no: EM132244128

Companies (Producers) usually strive for maximizing profit or minimizing the costs, often at a very high cost in overall economy. Please response to the following questions:

a) Economics students often confuse diminishing marginal returns and diseconomies of scale. Explain the difference between the two, and give one example of each.

Reference no: EM132244128

Questions Cloud

Discuss the communications and group behavioral issues : Discuss in your learning team the communications and group behavioral issues that might arise in an organization that hires employees for their first job.
Cost function for the phone : for RussCoto produce its new Phone. Using that cost function for the Phone, determinethe profit-maximizing output, price and profit (or loss) for the RussCoPhon
Benefits of free market capitalism relative : One of the proclaimed benefits of free market capitalism relative to other economic systems or government production
What are the needs of business case : What are the needs of a business case? Also discuss various ways of selecting a project.
Maximizing profit or minimizing the costs : Companies (Producers) usually strive for maximizing profit or minimizing the costs, often at a very high cost in overall economy.
Describe the core values of the organization : Describe the core values of the organization. Why are these specific values important to the organization? Describe the benefits and purpose for an organization
What was the organization prime motivation for seeking : What was the organization’s prime motivation for seeking to improve their decision making process?
What role does love play in a letter from an unknown woman : What role does love play in A Letter From an Unknown Woman and one of the other short stories by Zweig? To what ends? Possible angles to consider.
Differences in logistics and operating strategy : What are the differences in logistics/operating strategy and structure between Halloran and Allied?

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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