Farm maximizes profit of producing at wholesale price

When the wholesale price P = $3 per dozen increased, this purely competitive increased farm maximizes profit with producing ___ dozen increased at a total (loss or profit) of $___. (i) zero; loss; $2000. (ii) 2000; loss; $1500. (iii) 3000; profit; $1500. (iv) 4000; profit; $4,500. (v) 4000; profit;$2,000.

1382_Profits and Losses.png

Can someone explain/help me with best solution about problem of Economics...

View Complete Question

Related Questions in Microeconomics

Q : Market power in the output market The

The profit-maximizing firm which is perfectly competitive in the resource market however which consists of market power in the output market will hire the labor at a point where: (1) VMP = MRP = MFC = w. (2) VMP>MRP=MFC=w. (3) VMP=MRP=MFC>w. (4)

Q : Hello hello how to make system analysis

hello how to make system analysis of work

Q : Claimants to a firms income stream The

The least probable of the given to be claimants to the firm’s income stream would be the firm’s: (1) Shareholders. (2) Managers. (3) Customers. (4) Suppliers. (5) Government. Can someone please help me in finding out th

Q : Question on economic cost Select the

Select the right answer of the question. Which of the following is not an economic cost? A) wages. B) rents. C) economic profits. D) normal profits.

Q : Effects of less liquid assets on

When households become more willing to hold less liquid assets, the: (w) interest rate rises. (x) present value of future income falls. (y) interest rate falls. (z) stock market will crash. How can I solve my

Q : Excise tax at highest average rate At

At the highest average rate an excise tax will tax low incomes while: (1) only luxuries are taxed. (2) goods along with the highest income elasticity of demand are exempt. (3) goods along with the lowest income elasticity of demand are exempt. (4) no

Q : Inconsistent of demand with standard

The curve which is so inconsistent along with standard consumer theory which is based only on the substitution result, this could not possibly be a demand curve for any standard kind of consumer good is: (1) curve D1D1. (2) curve

Q : Change in total revenue by market power

When a monopolist raises price, it: (w) always increases its revenue. (x) always reduces its revenues. (y) doesn't influence its revenue. (z) may increase, decrease, or not change total revenue. I need a good answe

Q : Indication by data on poverty Data on

Data on poverty into the United States indicate which: (w) in absolute numbers, additionally blacks are below the poverty line than whites. (x) in absolute numbers, more whites are below the poverty line than blacks. (y) the poverty rate is lower for

Q : Types of Cost Types of Cost : A) Direct

Types of Cost: A) Direct costs: clearly chargeable to a work package: labour materials equipment other

Discover Q & A

Leading Solution Library

Avail More Than 1434854 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1961008
Asked

3,689

Active Tutors

1434854

Questions
Answered

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

Submit Assignment