Determine average production cost by an example

When Robomatic Corporation maximizes profit in its production of RoboMaids, its average production cost per robot will be roughly: (1) $3,000 per robot. (2) $5,000 per robot. (3) $7,000 per robot. (4) $9,000 per robot. (5) $11,000 per robot.

1002_Elasticity and profit.png

Hello guys I want your advice. Please recommend some views for above Economics problems.

View Complete Question

Related Questions in Microeconomics

Q : Problem on financial Intermediation The

The main reason for the existence of financial intermediaries is as: (1) Direct flows of savings from the individuals to firms would necessitate higher transaction costs. (2) That just wealthy individuals can afford to invest in the stocks and bonds. (3) The habits of

Q : Income effect dominating substitution

The personal supply of labor is characterized by the income effect which dominates the substitution effect if: (1) Trina retires to beach condo subsequent to working for the city for 42-years. (2) Members of a rock band give up touring for a year subsequent to their s

Q : Problem on Complementary Goods From the

From the viewpoints of auto makers, the weakening of OPEC oil cartel in the year 1990s resulted in a/an: (1) Rise in demand for cars. (2) Reduction in demand for cars. (3) Rise in the supply of cars. (4) Reduction in supply of cars.

Q : Effects of price ceiling Effects of

Effects of price ceiling: The consequences of price ceiling might be: A) Scarcity of the commodity B) The government might oblige rationing that is, supply of goods in limited q

Q : High economic profits High economic

High economic profits for firms are least probable to arise by: (1) important market power. (2) “cut-throat” competitive pricing policies. (3) superior products. (4) unusually efficient managers. (5) price-maker behavior.

Q : Possessing a problem of Moral Hazard I

I have a problem in economics on possessing a problem of Moral Hazard. Please help me in the following question. The Moral hazard poses a problem if: (i) People with health insurance acquire flu shots. (ii) Persons who are sicker purchase health insur

Q : Classified industries as oligopolistic

Industries which would be classified as oligopolistic comprise: (w) public utilities. (x) postal service. (y) breakfast cereal. (z) retailing. Hello guys I want your advice. Please recommend some views for above

Q : Voluntary verses Involuntary Poverty

When physically and mentally capable individuals who are born in impoverished families fail to work after they develop up but since they can rely on charity, in that case they are experiencing: (1) involuntary poverty. (2) relative poverty. (3) a vicious cycle of pove

Q : Define money Money : Money is what

Money: Money is what money does. Or Money is something that is accepted as a medium of exchange and at similar time act as a store of value.

Q : Purpose of shortages of price in price

Price ceilings tend to purpose of: (a) opportunity costs to decline. (b) monetary prices to rise legally. (c) shortages of price controlled goods. (d) black markets to disappear. (e) surpluses of goods at inflated prices.

Discover Q & A

Leading Solution Library

Avail More Than 1417229 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1928774
Asked

3,689

Active Tutors

1417229

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment