--%>
Assignment Help - homework help

Essentially occurrence of profit maximization

Profit maximization does not essentially occur when a firm: (w) maximizes TR - TC. (x) minimizes total cost. (y) sets MR = MC and P > min.(AVC). (z) maximizes (P x Q) - (Q x ATC).

Hey friends please give your opinion for the problem of Economics that is given above.

   Related Questions in Microeconomics

  • Q : Short-run shutdown price The short-run

    The short-run shutdown price arises where price: (w) equals AFC at the minimum. (x) is below ATC and above AVC. (y) equals AVC at its minimum point. (z) is above MR. Hey friends please give your opinion for the pro

    		•
  • Q : Shortages and surpluses in the market A

    A shortage as in below graph, during this market for papayas would match up to line: (1) ab. (2) cd. (3) ac. (4) bd. (5) ae. 1802_example</span></p> </div> <!-- /comment-box --> </li> </td> </tr><tr> <td> <li> <div class=

    Q : Resource demands from purely

    Relative to the resource demands from purely competitive sellers, demands through imperfectly competitive firms for resources tend to: (1) Perfectly price elastic. (2) Upward sloping. (3) Backward bending. (4) Less price elastic. (5) Perfectly price inelastic.

  • Q : Median Relative Income Measurement A

    A family which has income greater than half the median incomes of other American families, although less than twice which median income, is categorized by the Department of the Census as: (1) impoverished. (2) low relative income. (3) working class. (

    		•
  • Q : Purely-competitive long-run equilibrium

    The typical firm produces in a purely-competitive long-run equilibrium where price equals as: (1) short-run average cost. (2) marginal cost. (3) long-run average cost. (4) average revenue per unit. (5) All of the above.

    Q : Long Run-Firm can vary all inputs I

    I have a problem in economics on Long Run-Firm can vary all inputs. Please help me in the following question. In long run: (1) Firm can vary all the inputs. (2) Firm can vary few inputs, however not all. (3) Capital starts to depreciate. (4) Output increases.

  • Q : Expected Rate of Inflation What is the

    What is the Expected Rate of Inflation. Illustrate the term.

    		•
  • Q : Production and costs in monopolistic

    In the short run, no profit-oriented monopolistically-competitive firm still knowingly generates any output unless: (1) an economic profit is assured. (2) total revenues are expected to equal or exceed its total variable costs. (3) the average wage ra

    		•
  • Q : Change in relative price I have a

    I have a problem in economics on Change in relative price. Please help me in the following question. The Substitution takes place all along a demand curve when there is a: (1) Rapid shortage of a required product. (2) Increase in the common price level. (3) Change in

    		•
  • Q : Unlimited liability in a partnership

    The word ‘unlimited liability’ in the partnership signifies that a partner: (1) Pays to begin to the partnership, however can’t be held liable for additional/extra funds. (2) Can be held personally accountable for any and each of the partnership&rsqu

    		•