Profit or loss in purely competitive to maximizes profit

When the wholesale price P = $5 per dozen roses, this purely competitive rose farm maximizes profit through producing ___ dozen roses at a total (loss or profit) of $___. (1) zero; loss; $2000. (2) 2000; loss; $1500. (3) 3000; profit; $1500. (4) 4000; profit; $4,500. (5) 4000; profit; $2,000.

935_Profits and Losses.png

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

View Complete Question

Related Questions in Microeconomics

Q : Define Calendar Anomaly Calendar

Calendar Anomaly: Calendar anomalies can be defined as any irregularity or consistent pattern occurring at a regular interval or at a specific time in calendar year. Presence of these anomalies in a calendar year is the biggest threat to the concept o

Q : Operating competitors with market power

A firm operating along with a lot of competitors but that still has some control over price is a: (i) pure quantity adjuster. (ii) member of an oligopoly. (iii) purely competitive firm. (iv) firm with some market power. (v) cartel.

Q : Buyer beware-Laws and Regulations I

I have a problem in economics on Buyer beware-Laws and Regulations. Please help me in the following question. Caveat emptor signifies: (i) Let the sellers beware. (ii) Sellers are the most excellent judges of the quality of their goods. (iii) Charge w

Q : Describe Break Even Price Describe

Describe Break Even Price in Economics for a purely competitive firm?

Q : Nominal Interest Rates Nominal interest

Nominal interest rates are: (w) always identical to real interest rates. (x) the percentage of monetary premiums paid per time era for the use of money. (y) determined by the size of economic rents. (z) the percentage of purchasing power transferred b

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 : Business Principal-Agent Problems Can

Can someone please help me in finding out the accurate answer from the following question. The business vice president employs company money to furnish an excessively plush office. This is an illustration of: (1) Corporate surplus in America. (2) The principal-agent p

Q : Problem on Product Differentiation Most

Most of the mass advertising is planned to: (1) Give accurate information on product and price quality. (2) Boost output to conform to the consumer preferences. (3) Alter the consumer preferences. (4) Provide free TV entertainment and remain newspaper

Q : Markets which are relevant for human

All markets which are really relevant for human beings are exemplified by: (1) Extensive advertising, sales promotions and marketing. (2) Demands from each and every individual for all products. (3) Potential buyers willing to reimburse and potential

Q : Labor Force Participation Rates The

The percentage of a specified population who are either unemployed or employed is termed as the: (1) labor force participation rate. (2) work-force proportion. (3) labor supply. (4) substitution effect dominance rate. (5) income-leisure loss curve.

Discover Q & A

Leading Solution Library

Avail More Than 1422704 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1945098
Asked

3,689

Active Tutors

1422704

Questions
Answered

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

Submit Assignment