--%>
Assignment Help - homework help

Which term not used to calculate average profit

The entire given can be used to calculate average profit except: w) marginal profit minus marginal cost. x) total profit divided by quantity. y) average revenue minus average total cost. z) price minus average total cost.

"Keep in mind that firms maximize only their total profits, not the profits per unit of their"

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

   Related Questions in Managerial Economics

  • Q : States the implicit cost concept briefly

    States the implicit cost concept briefly.

    		•
  • Q : Signaling and Screening Completing your

    Completing your degree is probably to be a significant signal which will help you secure a well-paid job along with a bright future if potential employer: (1) want to ensure that job applicants have already obtained important amounts of specific human capital. (2) use

    		•
  • Q : Charging similar price by pure

    When all firms in an industry charge similar price for their product, it: (w) proves the existence of a cartel. (x) proves the existence of price leadership. (y) indicates an oligopoly. (z) may be consistent along with either pure competition or oligo

    		•
  • Q : States the Extension and Contraction of

    States the Extension and Contraction of Demand.

    		•
  • Q : Increases in labor force participation

    When this purely competitive labor market is primarily in equilibrium at D0L, S0L, a move to equilibrium at D0L, S1L would be probably to follow from increases in: (w) rates of technological advance. (x) the cost of living. (y) labor force participati

    		•
  • Q : Income effect by personal supply of

    A personal supply of labor is exemplified by an income effect which dominates the substitution effect if: (w) Trina retires to a beach condo after working for the city for 42 years. (x) members of a rock band give up touring for a yea

    		•
  • Q : Difference between economics and

    What is the difference between economics and managerial Economic?

    		•
  • Q : Explain the cost concepts briefly

    Explain the cost concepts briefly.

    		•
  • Q : Explain the business decision based

    Explain the business decision based upon income elasticity.

    		•
  • Q : Determine marginal resource cost of

    If hiring hundred extra workers increases the firms total cost through $10,000, and each extra worker increases output from 50 units, in that case on the average: (w) profit will fall by $10,000. (x) the value of the marginal product of labor is $10,0

    		•