Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Revenue and Profit Maximization:
Whenever a good is produced, the individual firm which has produced incurs costs which are are referred to as private costs and the society in which the good has been produced also incurs costs which are known as social costs. Private costs include payments firms make for hiring or purchasing factors of production as well as cost of resources owned and used by the firms whereas social cost of production refers to the cost incurred by a society when its economic resources are used to produce a given commodity.In the short run production period the firm incurs fixed costs on fixed inputs and variable costs on the variable inputs. In the long because all inputs are variable the firm incurs only variable costs. In the long run where the firm can vary all inputs, there some advantages and disadvantages that accrue to the firm when it expands. The advantages of expansion are called economies of scales while he disadvantages are called diseconomies of scale.Revenue is what the firm receives when it sells its output. The excess revenue over the firms’s cost of production is profit.
It is necessary for the proper understanding of the price theory to know the various concepts of cost that are often employed. When an entrepreneur undertakes production of a commo
Smoking cigarettes is a leading cause of many diseases
What are the Policies and Long-Run Growth In many concerns it is decidedly odd that world distribution of output per worker is as unequal as it is. Migration, World trade and f
about pay back method
what are the properties of cob-douglas production function
what the third degree price discrimination with case study of two successfull and unsuccessfull cases?
1). Define and explain the concept of an externality. Provide examples of both positive and a negative externality. 2). The Prisoner's Dilemma Exercise:
When Stockwell Day was leader of the Canadian Alliance Party (which soon became the new Conservative Party) he wrote that "the national debt is mortgaging our children's future." A
What is endothermic reaction? 3. Draw a generalised energy graph for an endothermic reaction.
Profit Margin A measure of organization performance, profit margins measure the percentage return an organization is earning over the cost of production of the items sold.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd