Estimate minimum average costs

Robomatic Corporation could attain minimum average costs for RoboMaids when this produced: (1) 4,000 robots per month. (2) 6,000 robots per month. (3) 8,000 robots per month. (4) 10,000 robots per month. (5) 12,000 robots per month.

488_Elasticity and profit.png

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

View Complete Question

Related Questions in Microeconomics

Q : Maximum negatively-sloped demand curve

The total revenue of a firm which faces a negatively-sloped demand curve: (w) is at a maximum where marginal revenue is zero. (x) declines while average revenue falls as output grows. (y) rises at an increasing rate over the output range plagued throu

Q : Public Opinion Sampling Public Opinion

Public Opinion Sampling: Increasingly trade policy debates and issues are being defined and driven by public polling and expert opinion. Mendellson and Wolfe (2004) offer an overview of the public policy debate in Canada and the roll of polling in def

Q : Lower value in the Gini index A lower

A lower value for the Gini index tends to be related with: (w) increasing equality of the distribution of income or wealth. (x) decreases in the population’s total amount of income or wealth (y) increased on the whole curvature of the Lore

Q : Derived Demand for the Labor Can

Can someone please help me in finding out the accurate answer from the following question. Declines in international price of oil would be most probable to cause: (1) Wages of bicycle factory workers to rise. (2) Demand for automobiles to reduce. (3) Incomes of the ge

Q : Monopoly a monopolist has two plants

a monopolist has two plants with two different cost functions.given output for one plantis given how do calculate output for the other plant?

Q : Founder of modern general equilibrium

The founder of modern general equilibrium analysis was: (w) Leon Walras. (x) Adam Smith. (y) Alfred Marshall. (z) John Maynard Keynes. Please choose the right answer from above...I want your suggestion for the same

Q : Illustration of Rational Ignorance I

I have a problem in economics on Illustration of Rational Ignorance. Please help me in the following question. Supposing that the meat you purchase from a grocery store is good devoid of inspecting its quality yourself with the microscope is an illustration of: (1) Be

Q : Key questions in evaluating a research

Key questions in evaluating a research report: In brief, there are five key questions you, as a consumer of analytical work, should ask yourself as you are evaluating a research report. 1. What is the purpose of th

Q : Importance of Store of Value function

Importance of Store of Value function of money: People save a portion of their earnings for utilization in future. But in what form? Money fulfills this requirement of the people. Money as a store of value signifies that money is an asset and can be s

Q : Elasticity and profit maximization An

An imperfectly competitive firm can maximize profit within the long run only at prices and also outputs where demand elasticity is: (w) greater than or equal to 1. (x) less than 1. (y) less than 0. (z) between 0 and 1.

Discover Q & A

Leading Solution Library

Avail More Than 1429505 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1943669
Asked

3,689

Active Tutors

1429505

Questions
Answered

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

Submit Assignment