Profit-maximizing level of output

When LoCalLoCarbo, the favorite corporation of fad dieters, produces adequate output to minimize its average total costs that will: (1) produce more than the profit-maximizing level of output. (2) concurrently minimize its average variable cost. (3) precisely break even since its total revenue will equal its total costs. (4) receive a normal rate of return on its investment. (5) concurrently maximize its economic profit.

1819_Market Power and Marginal Revenue.png

How can I solve my Economics problem? Please suggest me the correct answer.

View Complete Question

Related Questions in Microeconomics

Q : Maximum consumer surplus A

A characteristic Hollywood star derives the maximum consumer surplus from: (i) Calvin Klein underwear. (ii) Water. (iii) Mercedes Benz 600SEs. (iv) DeBeers diamonds. (v) Publicity in "The National Enquirer." Can so

Q : Present consumption and future

When interest rate increases, the cost of future consumption decreases?

Q : Law of demand is the price in the "law

is the price in the "law of demand" a relative price or an absolute price

Q : Price inelastic over relevant range of

When the market demand for wheat is price inelastic over relevant range of prices, fluctuations within the supply of wheat will cause incomes of wheat farmers to: (w) increase when supply decreases and decline while the supply of whea

Q : Question based on production

In drawing the production possibilities curve we assume that: 1) technology is fixed. 2) unemployment exists. 3) economic resources are unlimited. 4) wants are limited.

Q : Destitute Percentage of Income The

The percentage of American families that stay put destitute year after year is around: (w) 1 2%. (x) 3 5%. (y) 5 7%. (z) 8 10%. Hello guys I want your advice. Please recommend some views for above Economics problem

Q : Maximization of the Goals of Firm I

I have a problem in economics on Maximization of the Goals of Firm. Please help me in the following question. The firm’s goal of profit maximization is most distantly analogous to: (i) Revenue maximization by the Internal Revenue Agents. (ii) Ma

Q : Profit Maximization in Resource Markets

I have a problem in economics on Profit Maximization in Resource Markets. Please help me in the following question. To make a decision regarding resource hire, the firm should consider: (1) The price of resource. (2) The productivity (MP) of resource. (3) Output price

Q : Price fluctuations to go bankrupt in

Speculators are most probable to go bankrupt when their activities: (w) increase price fluctuations. (x) decrease transaction costs to other buyers or sellers. (y) dampen the volatility of prices. (z) improve economic efficiency.

Q : Resource of supply curve The resource

The resource probably to conform to the supply curve demonstrated in this figure would be: (1) housing. (2) capital. (3) labor. (4) land. (5) entrepreneurship.

Discover Q & A

Leading Solution Library

Avail More Than 1434697 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1957261
Asked

3,689

Active Tutors

1434697

Questions
Answered

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

Submit Assignment