--%>
Assignment Help - homework help

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.

   Related Questions in Microeconomics

  • Q : Barriers to entry of dominated industry

    An industry dominated by small huge firms shielded through barriers to entry is: (1) a monopoly. (2) a vertically integrated industry. (3) an oligopolistic industry. (4) an aggregated industry. (5) a cartel. I need

    		•
  • Q : Explain about Welfare Recipients When

    When the ratio of [tax burdens upon you] / [taxes upon all taxpayers] is less than the ratio [benefits to you by government programs] / [benefits of government programs realized through all residents of the country], in that case it seems reasonable to explain you as

    		•
  • Q : Problem on Analysis Paralysis Consumers

    Consumers confronting huge arrays of choices whenever they contemplate choosing one brand of toothpaste out of 50, or whether to purchase pulp-free, not-from-concentrate orange juice, calcium-fortified, or the extra-pulp, non-calcified, from-concentrate version, frequ

    		•
  • Q : Generates price and a quantity

    All prospective suppliers [sellers] would be in equilibrium when this market for teleporter buttons created a price and a quantity consistent along with: (1) eliminating the shortage Q1-Q3 existing at P3. (2) any point along the demand

    		•
  • Q : Demand of Income elasticity for various

    Liz admitted a pay cut in May and consequently start cooking at home more and dining out less frequently. Her adjustments provide illustrations of the: (i) Substitution effect. (ii) Income elasticity of the demands for various goods. (iii) Law of diminishing marginal

    		•
  • Q : Causes of decrease in demand Illustrate

    Illustrate any three causes of decrease in demand? Answer: 1) Reduce in income of consumer. 2) Fall in the price of alternate good.3) Increase in the price of complementary goods.

    		•
  • Q : Total economic of profit or loss at

    When the wholesale price P = $10 per bushel of peaches, it purely competitive peach orchard maximizes profit through producing ___ bushel of peaches at a total economic as profit or loss of $___. (i) zero; loss; -$4,000. (ii) 2000; lo

    		•
  • Q : Completely controls output of a product

    Through the strict economic description that a monopoly is: (i) necessarily a very large firm. (ii) one of a few large firms that dominate a market. (iii) a lone firm which completely controls the output of a product along  with no close substitu

    		•
  • Q : Labor Force Participation Rates The

    The percentage of a specific population who is either unemployed or employed or is termed as the: (i) Labor force participation rate. (ii) Work-force proportion. (iii) Income-leisure loss curve. (iv) Substitution effect dominance rate. (v) Labor supply.

  • Q : Marginal revenue in kinked-demand model

    Into this "kinked-demand" model, such firm views the marginal revenue curve this faces as the: (1) linear curve acD2 for all prices. (2) linear curve deMR1 for all prices. (3) nonlinear curve adeMR1. (

    		•