Which of the following constrain (that is, limit) a firm's profits? I. its technology II. its information III. the market in which it operates Select one: O a. I and II O b. Il and Il O c.l only O d. I, Il and II
Q: The data in the below table shows the production and costs of certain firm, use the table to answer…
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: The data in the below table shows the production and costs of certain firm, use the table to answer…
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: The figure to the right shows Firm X, a firm that is maximizing profit. The firm is making an…
A: Given:- Firm is maximizing profit. To determine:- Economic profit/loss=? Q=? P=? Please find the…
Q: 1 40 95 2 75 4 150 135 170 Complete the table above . Applying the rule of profit maximization, if…
A: *Answer:
Q: Vou own a fim in a perfectly competitive industry producing and selling gold necklaces. You know…
A: The profit boost is interactive business firms go through to guarantee the best result and value…
Q: (Figure: Determining Production Strategies) Based on the graph, the price charged by the…
A: In the given graph the market demand was not given. We can determine the profit maximizing output…
Q: Kelsey has been asked to report on how the company's high-rise jeans collection had spread through…
A: the first to take on another item that has been brought into the commercial center. Trend-setters…
Q: 2 (a) Why would a firm that incurs losses choose to produce rather than shut down?
A: In a market, there are different situations faced by the firms according to which they make their…
Q: TOTAL REVENUE at the profit maximizing level of production is by the area: O E-0-Q2-G A-0-Q2-C O…
A: Answer: (1). The profit-maximizing quantity is Q2 (P=MC). Total revenue will be the product of the…
Q: The data in the below table shows the production and costs of certain firm, use the table to answer…
A: The total revenue earned by a firm in a competitive market is the total payments received from the…
Q: Andrea starts her own business, which earns $75,000 in accounting profit in the first year. When…
A: Here we calculate the economic Profit of the Andrea's from this business and choose the correct…
Q: When a firm makes profit, this sends a signal to others. More competitors would enter the business,…
A: Answer: Introduction: A positive economic profit attracts more firms to the market. As a result of…
Q: The next four questions refer to the information in this table: Quantity Price TR $10 MR TFC $ 4 TVC…
A: Since we only answer up to 3 sub-parts we will answer the first 3. Please resubmit the question…
Q: (Table) Based on the table, what is the profit-maximizing output for John's Tricycle Company? Output…
A: Profit maximizing level of output for a firm is where marginal revenue equals marginal cost.
Q: Question 31: Plot the MR and AR from Table 1 and the MC and ATC from Table 2 IN ONE GRAPH. (x-axis =…
A: Answer to the question is as follows:
Q: Intellectual property (IP) rights are intangible assets that protect ideas and brand value. Firms…
A: Intellectual property rights are assets of the firm that make business to have pricing power and…
Q: Imagine a fırm that has the following costs and revenue: Revenue: $120,000 Input Costs: $100,000…
A: An economic profit is a difference between the money generated by a business entity's outputs and…
Q: The accompanying table presents the expected cost and revenuedata for the Tucker Tomato Farm. The…
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: d. Now assume the market price is $5.50 per pair, and Buddies produces the profit-maximizing…
A: The answer to the question is as follows :
Q: Economic profits are: O total revenue less sunk costs. O total revenue less implicit costs. O total…
A: The difference between the money gained from the sale of a product and the costs of the inputs…
Q: 7. Which of the following is a benefit to a business of reducing its production times? O A. It will…
A: The production cycle measures a company's capacity to convert assets/resources into earnings,…
Q: 7. If a firm's MR exceeds its MC, then: A. this firm should produce less, since its revenue will…
A: Marginal revenue is given by the derivative of total revenue or we can say that it is ratio of…
Q: When a firm makes profit, this sends a signal to others. More competitors would enter the business,…
A: In the short run, firms decides whether to enter the market or exit depends on the economic profits…
Q: The data in the below table shows the production and costs of certain firm, use the table to answer…
A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
Q: Which of the following is true about all markets (monopoly, oligopoly, competitive market)? Select…
A: Answer: Correct option: (b) In all markets, the profit-maximizing rule is MR=MC Explanation: The…
Q: Which of the following is not a way firms try to maximize profits by? O production costs demand…
A: Sorry , as per our guidelines we are only allowed to answer 1 question at a time .
Q: If Connecting U wants to MAXIMIZE its profits, what should they do? a) Connecting U should maintain…
A: Price elasticity of demand measures the responsiveness in quantity demanded to a change in its…
Q: Output TVC (S) TFC (S) 100 1 40 100 70 100 120 100 4 180 100 5 250 100 6 330 100 This…
A: There are several key elements of a completely competitive market: 1. The market contribution of all…
Q: In the graph above, at what quantity does marginal revenue equal zero? Price, 50, Marginal Revenue…
A: Marginal revenue is nothing but the additional amount of revenue that is generated from selling an…
Q: 1. Kelson Sporting Equipment, Inc., mokes two different types of baseball gloves: a regular model…
A: As indicated by the gave subtleties, Kelson Sporting Equipment Inc. makes two sorts of mitts, an…
Q: 6. Refer to above Scenario. According to an economist, which of the following total revenue will…
A: 6) Economic profits= Total revenue- explicit costs- implicit costs Explicit costs are the costs…
Q: В.1. a) A profit-maximising firm faces a downward-sloping demand curve for its output and has…
A: To make the most money, a corporation must function in a condition where marginal income and…
Q: XYZ is a fim in a perféctly competitive market. Its marginal revenue and marginal cost are in the…
A: Average cost of production is the amount of dollars incurred on making a typical unit of the…
Q: Pice 100 90 80 ATC 70- 30- 40 36 30+ 20 10 MR 12 16 20,4 20 32 Duaatiy Refer to Figure 16-12. If…
A: We have downword sloping demand curve of a firm. So its a profit maximizing firm.
Q: Use Table A below and calculate ATC, Profit, marginal revenue and marginal cost at each quantity of…
A: The table will look like this: Average total cost is the total cost divided by the total units…
Q: 2: Competition among sellers tends to: O (A) prevent efficiency. O (B) decrease prices to their…
A: In a market, competition refers to the situation when a firm has to compete with many other firms…
Q: From the figure below, if the market price is $20 what is the amount of the firm's profit? Price and…
A: The perfectly competitive firm is a price taker and can sell any quantity of commodity at the market…
Q: Based on the table, answer the following questions. Quantity Price (RM) Marginal Revenue Revenue…
A:
Q: 13. A firm operating in a perfect market maximizes its profit by adjusting Its output price until it…
A: A perfectly competitive market refers to the market structure in which there are many buyers and…
Q: a. What are the profit-maximizing price and quantity? b. At the profit-maximizing price and…
A: The profit maximizing output occurs at level where MR = MC. In this case MR = MC at 200 units. So,…
Q: What issues do the online businesses face? How are they similar to offline competition? How are…
A: Before analyzing the issues related to online businesses, firstly we need to know what is an online…
Q: oes the Dominant or two layered diversification strategy apply to the coffee shop business?
A: What is a dominant or two-layered diversification system? Companies involving diversification as a…
Q: 4. Suppose we have another firm known as Sepanyan Corporation which makes a product known as…
A: Hi there! Thank you for submitting the question. Since we only answer up to first question, we will…
Q: Please answer
A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Which of the following is not a way firms try to maximize profits by? O production costs demand…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: The next four questions refer to the information in this table: Quantity Price TR $10 9. 8. MR TFC…
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Under which of the folowing examples is t likaly that the accounting profit is positive and the economic profit is negative? OA Using a restaurant you purchased to sell Menican food instead of talian food. OR It you use a diamond mine as a touriet atraction instead of using it for mining. Oc Opering a bank branch near a university campus. OD. Such a scenario, where accounting cost is positive and economic profit is negafive, is not possibie.2. Robert is thinking of running a flower business. His delivery van, including insurance, will cost 840$per month and his advertisement costs $360 per month. If he prices each bouquet at 40$ each, heestimates that they can sell 100 units per month. What is the most they can spend to purchase eachbouquet of flowers to break even?O e none of the mentioned CLEAR MY CHOICE ion Economic profits differ from accounting profits because O a all of the mentioned O b. the former is calculated by economists and the latter by accountants out of Oc most firms report economic profits once a year and accounting profits every pay period O d. none of the mentioned Oe many firms own their own capital so accounting profits do not factor this cost P Type here to search %23 1 2 4 & 7 Q E T A S. C V } BY Alt (5 מ א LL 11
- The total cost of Mr. Plow, a snow-removal business, is given in the table below. Quantity adriveways cleared) Abbreviation Formula: Total Revenue TR Total Cost TC $0 $25 20 30 40 50 60 70 80 34 41 46 49 51 54 60 70 95 145 10 100 What is the total profit of cleaning five driveways if the price Mr. Plow can charge is $10 per driveway? s 01/21 VIEW sOLUTION O OF 21QUESTIONS COMPLETED 28 MacBook Pro 59Linder which of the folowing asamples is E likaly that the accounting profit is pasitiva and the econamic proft is nagative? OA Uing a restaurant you purchened to seil Mexioan food inatead of taian food OB Fyou use a diamond mine as a lourist atraction instead of using it for mining OG. Opering a bark branch neer a university campua. OD. Such a sceraro, where accouning cost is postive and economic proft is negative, is not poesitie.Vicky quit her $ 75, 000 a year marketing executive job to open her own firm. In Vicky's first year in business her total revenue equaled $ 180,000. Vicky's explicit cost during the year totaled $ 80,000. To start her business Vicky took $ 50,000 from her savings account that was paying an interest of 10% annually. What is her economic profit for her first year in business? A. -$26,000 B. -$ 25,000 C. $ 25,000 D. $ 24,000
- Compare the average total cost and the marginal cost and explain the relationship Describe the methods that can be used to dertermine where profit is maximized L Q MP MC TC ATC 0 0 200 1 20 20 5.00 300 15 2 50 30 3.33 400 8 3 90 40 2.50 500 5.56 4 120 30 3.33 600 5.00 5 140 20 5.00 700 5.00 6 150 10 10.00 800 5.33 7 155 5 20.00 900 5.81Juanita and Shantala run a business that programs and tests cellular phones. Assume that Juanita and Shantala can switch between programming and testing cellular phones at a constant rate. The following table applies. Minutes Needed to Number of Cellular Phones Programmed or Tested in a 40-Hour Week Program 1 Test 1 Cellular Phones Cellular Phones Cellular Phone Cellular Phone Programmed Tested Juanita 160 1200 Shantala 10 4. 240 600 Shantala has an absolute advantage in O a. programming cellular phones and a comparative advantage in testing cellular phones. O b. testing cellular phones and a comparative advantage in programming cellular phones. O c. testing cellular phones and a comparative advantage in testing cellular phones. O d. programming cellular phones and a comparative advantage in programming cellular phones.Cours Soru 11 Total revenue minus total cost is equal to ---- Henüz cevaplanmadı Lütfen birini seçin: ОА profit. 4 üzerinden işaretlenmiş O B. marginal cost P Soruyu işaretle O C. marginal revenue. O D. net cost. O E the rate of return. SON ÖNCEKİ SAYFA cC AYBUZEM O 'deki ders materyalleri Creative Commons açık lisansları ile lisanslanmıştır.
- Q4) A. Complete the following table accurately B. Draw the TFC, AFC and AVC in one graph Q TVC TFC TC MC ATC AFC AVC 0 0 100 1 20 2 38 3 51 4 62 5 75 6 90l alfa 8-19 am 1. Which of the following remains constant as output increases? * O a. TFC O b. TVC O c. TC d. All of the above Ruepue is $45Suppoe at the curent level of production a frmts marginal revenue equalo $1,000, their average total costs curently equal $1,200, and their marginal cost equals S00, Tis firm OA should expand output because their evenue will increase by $1.000, OB. should not expand output because their profit will decrease by $200. OC should expand output because their profit will increase by $100 OD. There is not information given to determine whether this firm should expand output or not