--%>

Illustrates the initial point of maximize profit

RoboMatic’s RoboMaids have turn into the hottest innovation in consumer electronics since colour television. The initial point Robomatic requires to see in its quest to maximize profit is: (1) point e. (2) point f. (3) point g. (4) point h. (5) point i.

2301_Elasticity and profit.png

Please choose the right answer from above...I want your suggestion for the same.

   Related Questions in Microeconomics

  • Q : Alfred Marshall categorization of

    If Alfred Marshall categorized the analytical periods of time, he supposed that in short run it is: (i) Not possible to vary technology and at least one resource is fixed and hence at least one kind of cost is as well fixed. (ii) Possible to move the resources from on

  • Q : Labor Union Goals The strategy which is

    The strategy which is most likely to yield the maximum wages and employment and the most economic clout for all the workers over long run would be for a union to: (i) Restrict entry to a specific occupation. (ii) Boycott non-unionized firms which compete with the unio

  • Q : Existence of Economies of Scale I have

    I have a problem in economics on Existence of Economies of Scale. Please help me in the following question. Economies of the scale exist whenever, as output is raised: (i) Average costs increase. (ii) Explicit costs increase relative to the value of output. (iii) Aver

  • Q : Revenue when short-run losses minimize

    To minimize short-run losses, then a firm’s revenue should at least cover its short-run total as: (w) explicit costs. (x) fixed costs. (y) variable costs. (z) implicit costs. Hey friends please give your opin

  • Q : Vietnam divided into two different

    Why Vietnam divided into two different nations?

  • Q : Rain affects play The ABC industry in

    The ABC industry in UK had poor sales in the summer of 2007. This practice explores why, employing economic analysis. It considers how the forces in the direction of an equilibrium price might affect a firm.

  • Q : Area below supply curve of resource The

    The area below a resource’s price line although above its supply curve is: (w) consumer surplus. (x) monopoly profit. (y) excess value. (z) economic rent. Can anybody suggest me the proper explanation for giv

  • Q : Define equilibrium price Equilibrium

    Equilibrium price: The Equilibrium price refers to a price at which the market demand and market supply are equivalent.

  • Q : Problem on Ceteris Paribus Can someone

    Can someone please help me in finding out the accurate answer from the following question. Supposing everything to be constant apart from the variables being studied is termed as the: (1) Ceteris paribus assumption. (2) Ex post facto assumption. (3) Post hoc ergo prop

  • Q : Increased value of product due to time

    The farmer stores corn after its harvest in the fall and then vends it in the spring as a hog food at very higher price. The raised value of the corn is due to its modifying: (i) Place. (ii) Form. (iii) Possession. (iv) Time. Can s