Profit-maximizing firm-continue to increase production

Assignment Help Business Economics
Reference no: EM13996761

A profit-maximizing firm should continue to increase production of a good until:

A) net benefits are maximized.

B) total benefits are maximized.

C) profits are zero.

D) profits are positive.

Reference no: EM13996761

Questions Cloud

Market structure is technological improvement most critical : Technological innovation and or improvement is very critical to business growth and competitiveness. Given the four main types of market structures discussed, under which market structure is technological improvement most critical?
Define the industry related to product or service produced : Define the industry related to the product or service produced by the company you selected for your microeconomic/macroeconomic analysis papers. What are the main companies in the industry? What is the level of market concentration in the industry? T..
How many major wireless phone handset manufacturers : How many major wireless phone handset manufacturers are there? Please address all five questions in your response. How many major wireless phone handset manufacturers are there? What is the market structure? What pricing strategies do wireless phone ..
Advantages of online program over brick and mortar school : Assume that your current university is the only institution offering online MBA program. Assume also that there are clear advantages of online program over brick and mortar school - such as the flexibility. Which alternative would be better for your ..
Profit-maximizing firm-continue to increase production : A profit-maximizing firm should continue to increase production of a good until:
Which capital and labor are perfect compliments : Suppose your firm produces according to a function in which capital and labor are perfect compliments. The wage rate is currently $120 per day and the daily capital cost is $100. If the wage rate falls to $100, does the substitution effect dominate t..
Price of capital in the restaurant industry decreases : Suppose the price of capital in the restaurant industry decreases. Explain how the decrease in the price of capital affects the demand for labor in this industry. Be sure to explain both the scale and substitution effects.
Conditions prevail in the banking system : Answer the question below by assuming that the following conditions prevail in the banking system: Reserve requirements equal to %10 on demand deposits accounts. Currency in circulation amount to $40 billion - Savings and Time deposits amount to $400..
Customer service to differentiate your product-service : Assume that you are going to start a small business of your own. Further, imagine that you are able to adequately differentiate your product, or service so that you can establish your business as a monopolistically competitive firm. Describe the busi..

Reviews

Write a Review

Business Economics Questions & Answers

  Some basic reasons about why people engage in trade

Recalling some basic reasons about why people engage in trade, provide a short example of a market in which consumers and producers exchange goods. In your example, briefly explain who the consumers and producers are, what factors may influence suppl..

  Sells price-elastic products or price-inelastic products

Think of another good that you have purchased recently Be specific (e.g. is it breakfast cereal in general or Cheerio’s cereal specifically). If the price of this item increases, how would this affect the quantity of the good that you consume? Would ..

  Develop an online service for it training

Develop an online service for IT training that includes scheduled as well as self-paced courses. The training service will be initially web-based but the architecture must have the option that different front-ends like applets, web services, or ot..

  Government trade intervention in business periodical

Select a company in your country of origin that is involved in importing and/or exporting, run a thorough research on the company’s business operation. Your goal is to understand how government involvement in international trade has helped or harmed ..

  Illustrate what weakness does this measure have

Illustrate what are the arguments for using real per capita GNI to compare living standards between countries. What weakness does this measure have.

  Regarding how historian should chronicle a plague

What common assumptions guide the Thucydides and Procopius readings regarding how a historian should chronicle a plague? What different assumptions do they possess about both human behavior and the role divine forces play in human history? How do bot..

  Q1 do you think the newspaper company trusts you not to get

q1. do you think the newspaper company trusts you not to get more than one paper? no they understand the law of

  Elucidate what is the best form of business organization

Elucidate what is the best form of business organization to select based on various considerations, including taxes, liability, capital contributions, sharing of profits adn losses, management and control, and survivorship

  Irrationality-rising real wage-excessive aggregate demand

"I'd rather have a 1% pay cut when prices fall by 3% than a 5% pay increase when the rate of inflation is 8%." This is an example of: Irrationality, Rising real wage, Deflation always being better than inflation, Excessive aggregate demand.

  What adverse effects on domestic economy may follow

What adverse effects on the domestic economy may follow from (a) a depreciation of the exchange rate and (b) an appreciation of the exchange rate.

  In production theory

In production theory, what distinguishes the short run from the long run? Can these periods be defined in terms of specific lengths of time? Why?

  Prices tend to rise in response to a natural disaster

Prices (fuel, water, grocery items, etc.) tend to rise in response to a natural disaster.

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