--%>
Assignment Help - homework help

Maximized profit of purely-competitive lumber mill

Profit is maximized as in illustrated graph when this purely-competitive lumber mill produces at: (1) point a. (2) point b. (3) point c. (4) point d. (5) point e.

1784_Profit Maximization.png

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

   Related Questions in Microeconomics

  • Q : Operation of profit maximizing pure

    This profit-maximizing pure competitor would stop operating within this market into the long run when the price was expected to be persistently less than the price consequent to: (i) point c. (ii) point d. (iii) point e. (iv) point f. (v) point g.

    		•
  • Q : Determine wedges in demand and supply

    “Wedges” in between demand and supply curves are generated by: (1) arbitragers and speculators. (2) intermediaries and transaction costs. (3) development in the level of national income. (4) politicians who enact laissez f

    		•
  • Q : Define normal goods Normal goods:

    Normal goods: Normal goods are such goods whose demand increases with the increase in income of consumer.

    		•
  • Q : Break even and zero economic profit

    After Babble-On’s patents lapsed and entry and exit turned into possible in this illustrated figure of market, in the long run Babble-On would be expected to: (i) continue to reap economic profits. (ii) break even and experience zero economic pr

    		•
  • Q : Determine price elasticity of demand

    For water the price elasticity of demand is: (w) low since the price is high. (x) high since the price is high. (y) high since there are few substitutes for water. (z) low since this has few substitutes and a low price.

    Q : When is total revenue maximized If a

    If a monopolist’s marginal revenue is zero, then: (1) total revenue is zero. (2) demand is perfectly inelastic. (3) the price of the product exceeds average cost. (4) economic profit is zero. (5) total revenue is maximized.

    Q : Relatively price elastic when supply

    Even though a drought decreases supply from S1 to S0, at each point along both of such supply curves, the supply of tanks of dehydrated water: (i) perfectly price elastic. (ii) relatively price elastic. (iii) unitarily price elastic. (iv) relativ

    		•
  • Q : Determinants of Demand-Change in price

    Can someone help me in finding out the right answer from the given options. Demand curve for the DVD players would not be shifted by the change in price of: (1) Downloaded music. (2) CD players. (3) Compact disks. (4) DVD players.

    		•
  • Q : Jollies gained-Production occurs I have

    I have a problem in economics on Jollies gained-Production occurs. Please help me in the following question. The jollies gained whenever production takes place do not comprise utilities of: (i) Form. (ii) Possession. (iii) Place. (iv) Substance. (v) T

    		•
  • Q : Define Ex-ante aggregate demand Define

    Define Ex-ante aggregate demand: This is planned or the desired aggregate demand.

    		•