--%>

Total variable costs in pure competition

This profit-maximizing, as in demonstrated graph, of brickyard’s total variable costs are about: (i) $200 per day. (ii) $600 per day. (iii) $750 per day. (iv) $900 per day. (v) $1200 per day.

440_Profit Maximization1.png

How can I solve my Economics problem? Please suggest me the correct answer.

   Related Questions in Microeconomics

  • Q : Accused of predatory pricing in

    Wal-Mart business practices have been criticized like destroying small town America. Therefore argument is that Wal-Mart will build a new store and firstly set prices so low that they ultimately drive off all rival businesses. As per its foes, after their rivals move

  • Q : Diseconomies of Scale Diseconomies of

    Diseconomies of Scale: The diseconomies are the drawbacks occurring to a firm or a group of firms due to big scale production.Internal Diseco

  • Q : Characteristics of constant cost

    Characteristics of industries which are not characteristics internal to operations of an individual firm include: (1) potential principal-agent problems. (2) diseconomies of scale. (3) production costs which either increase or decrease like the size of a market not su

  • Q : Capital receipts Why borrowing is

    Why borrowing is treated as capital receipts? Answer: Because it rises the liability of government.

  • Q : Raise current consumption by rising in

    When interest rates rise, in that case the opportunity costs of: (1) current consumption rise. (2) future consumption rise. (3) current investment decline. (4) government budget deficits decline. (5) saving grows proportionally.

  • Q : Normal market supply curves I have a

    I have a problem in economics on Normal market supply curves. Please help me in the following question. The actuality that normal market supply curves slope upward is most obviously due to: (i) The lower costs incurred as production rises. (ii) Overti

  • Q : Capital Goods In the above diagram, the

    In the above diagram, the elimination of discrimination is best represented by

  • Q : Social Welfare and Value of Marginal

    I have a problem in economics on Social Welfare and Value of Marginal Product of Labor. Please help me in the following question. The social value of additional output from the additional units of labor is: (i) Marginal revenue of the product of labor

  • Q : Skill of dividing the labor work

    Whenever Janet and Bob realize that Janet is a better cook and Bob is better at cleaning the lawn, dividing such chores up according to skill is known as: (1) Gains from trade (2) Brute force allocation (3) Division of labor (4) Affirmative action.

    Q : Marginal revenue product of labor The

    The monopsonist will hire labor till the labor's marginal resource cost equivalents the: (1) Marginal revenue product of the labor. (2) Marginal physical product. (3) Value of average product of the labor. (4) Price of the labor. C