--%>

cost and revenue

assume the firm is a price taker and faces a market price of €60 per unit. draw the AR and MR curves

   Related Questions in Microeconomics

  • Q : Profit Maximization in Labor Markets

    Can someone help me in finding out the right answer from the given options. All the profit maximizing firms use labor up to the point where: (1) VMP = MFC. (2) VMP = w. (3) VMP = MRP. (4) MRP = MFC. (5) MR   MC is maximized.

  • Q : Rate of return on financial investment

    When you can buy a bond today for $1,000 and this will mature at $1,210 two years from currently, the rate of return on this financial investment is: (1) 10%. (2) 10.5%. (3) 11%. (4) 12%. (5) 21%.

    Q : Calculating accounting profits The firm

    The firm has $70,000 in implicit costs, and the economic profit of $40,000. This firm’s: (i) Explicit cost equivalent $30,000. (ii) Accounting profits equivalent $110,000. (iii) Normal gain equivalents $40,000. (iv) Explicit costs equivalent $110,000.

  • Q : Federal agricultural subsidies Federal

    Federal agricultural subsidies tend to be rapidly: (w) spent because most farmers lack sufficient budgeting skills. (x) capitalized in higher prices for farm land. (y) slashed while pressure mounts to cut the federal deficit. (z) absorbed from rising

  • Q : Occurrence of economic profits in a

    Entry within a competitive industry will continue till: (w) accounting losses are driven to zero. (x) economic profits equal accounting losses. (y) bookkeeping profit approaches zero. (z) economic profits are driven to zero. Can an

  • Q : Uses for break-even analysis Explain

    Explain what are the several uses for break-even analysis?

  • Q : Describe economic perspective The

    The economic perspective refer as: 1) macroeconomic phenomena, but not microeconomic phenomena. 2) microeconomic phenomena, but not macroeconomic phenomena. 3) the making of purposeful decisions in a context of marginal costs and marginal benefits. 4) unlimited resour

  • Q : Short run market supply curve for a good

    A short run market supply curve for a good manufactured within a purely competitive industry is derived through: (w) vertically summing the marginal cost curves above the AVC curves for all firms which may potentially enter the industry. (x) adding to

  • Q : Calculating Present Value by Interest

    When all bonds are perpetuities which annually pay $1000 (the sum of one thousand and 00/100 dollars) per annum, at an interest rate of 10 percent, the price of these bonds is: (1) $4000. (2) $5000. (3) $6250. (4) $8000. (5) $10,000.<

  • Q : Signals to guide production The dollar

    The dollar votes serve to: (i) Offer signals to guide production. (ii) Offer signals to sway govt. policies. (iii) Elect corporate executives. (iv) Elect politicians. Can someone please help me in finding out the accurate answer fr