Profit-maximizing to make economic profit on the average

This profit-maximizing brickyard of below illustrated figure on the average is, about: (i) making an economic profit of $8 per thousand bricks. (ii) incurring variable costs of $90 per thousand bricks. (iii) suffering an accounting loss of $2 per thousand bricks. (iv) operating at a profit of $9 per brick.

1634_Profit Maximization1.png

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

View Complete Question

Related Questions in Microeconomics

Q : Implicitly weigh marginal cost and

implicitly weigh marginal cost and marginal benefit

Q : Define factor market Factor market : It

Factor market: It comprises of factors of production namely land, labor, capital and associations.

Q : Maximize output by monopolists

Economists suppose that most monopolists wish for maximize: (i) accounting profit. (ii) the prices they charge. (iii) total revenue. (iv) economic profit. (v) output. I need a good answer on the topic of Ec

Q : Annual Percentage Rate and Annual

Interest stated at an annual percentage rate that stands for APR is the rate of interest without consideration of compounding throughout that year. Yearly or annual percentage yield [APY] refers to interest which is compounded continuously. When a ban

Q : Federal minimum wage rose over

The LEAST likely outcome, when the federal minimum wage is increased $1 over the equilibrium wage rate, that would be for the: (w) unemployment rate of teenagers and unskilled workers to rise. (x) quantity of unskilled workers supplie

Q : Relatively price elastic demand For

For Cournot’s Spring Water the demand is relatively price elastic at: (i) point a. (ii) point b. (iii) point c (iv) point d. (v) point e.

Q : Marginal revenue in selling extra unit

The price a firm acquires from selling an extra unit of output, minus any revenue lost when price should be reduced in all other units sold, equals: (1) average revenue. (2) marginal profit. (3) mark-up price. (4) marginal revenue. (5) total revenue.<

Q : Technological innovations and demands

Pharmaceutical companies have currently developed and tested drugs which reverse the affects of alcohol upon the brain only in a half hour. Such pills allow drivers to sober up before driving and to decrease the severity of hangovers. Within the past few years, variou

Q : Best statement of association between

Which of the given is the best statement of the association between macroeconomics and microeconomics: (w) Macroeconomics and microeconomics deal along with totally independent types of problems. (x) A clear line splits microeconomic questions from ma

Q : Determine income in Loren curve When

When one family held ALL the income it would be shown upon the Lorenz curve as: (1) line 0A0'. (2) line 0B0'. (3) line 0C0'. (4) line 0D0'. (5) line 0E0'.

Discover Q & A

Leading Solution Library

Avail More Than 1425573 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1951517
Asked

3,689

Active Tutors

1425573

Questions
Answered

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

Submit Assignment