Business

Business, 19.07.2019 09:10, johajackson2014

Afirm is producing an output such that the benefit from one more unit is more than the cost of producing that additional unit. this means the firm is

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Business, 06.08.2019 03:30, eaglesjohnson414

Afirm is currently producing 100 units of output per day. the manager reports to the owner that producing the 100th unit costs the firm $5. the firm can sell the unit for $6. the firm should produce more than 100 units in order to maximize its profits (or minimize its losses). a. true b. false

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Business, 17.09.2019 22:30, angie1129

Suppose your firm has a marginal revenue given by the equation mr = 10 - q, where q is the quantity produced and sold. this means that the seventh unit of output brings in 10 - 7 = $ 3 of additional revenue. the marginal cost for your firm is given by the equation mc = 2 + q. this means that the seventh unit of output increases the marginal cost by 2 + 7 = $ 9. if the firm produces the seventh unit of output, marginal cost will be marginal revenue. in which of the following cases, will the profit of the firm be maximized? (a) when the marginal cost of producing an additional unit equals the marginal revenue from that unit. (b) when the average cost of producing an additional unit equals the marginal revenue from that unit. (c) when the marginal cost of producing an additional unit is less than the marginal revenue from that unit. (d) when the average cost of producing an additional unit is less than the marginal revenue from that unit. the profit-maximizing level of output is units.

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Business, 19.09.2019 19:00, leonardoocampo4544

Suppose your firm has a marginal revenue given by the equation mr = 10 - q where q is the quantity produced and sold. this means that the seventh unit of output brings in 10 - 7 = $3 of additional revenue. the marginal cost for your firm is given by the equation mc = 2 + q. this means that the seventh unit of output increases the marginal cost by 2 + 7 = $9. if the firm produces the seventh unit of output, marginal cost will be marginal revenue. in which of the following cases, will the profit of the firm be maximized? a. when the marginal cost of producing an additional unit equals the marginal revenue from that unit. b. when the average cost of producing an additional unit equals the marginal revenue from that unit. c. when the marginal cost of producing an additional unit is less than the marginal revenue from that unit. d. when the average cost of producing an additional unit is less than the marginal revenue from that unit. the profit-maximizing level of output is units.

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Business, 29.10.2019 21:31, latezwardjr15

Afirm is producing 24 units of output. at the 24th unit of output, marginal revenue is $5, and marginal cost is $4; at the 25th unit of output, marginal revenue is $4.50, and marginal cost is $4.50; at the 26th unit of output, marginal revenue is $4, and marginal cost is $5. this firm made the correct choice by producing only 24 units of output and then stopping. true / false.

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