What is the profit maximizing price, Microeconomics

+44 141 628 6080
[email protected]

What is the profit maximizing price

a) suppose you have 10 individuals with values $ (1,2,3,4,5,6,7,8,9,10). your Marginal Cost of production is $2.50. What is the profit maximizing price?

b) Your boss tells you that price cannot drop below $9 because you cannot earn enough profit o cover your fixed cost. what should you tell her?

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: What is the profit maximizing price

Reference No:- TGS045692

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Microeconomics

Q : Find the maximum profit the el dorado star can earn

What is the maximum profit the El Dorado Star can earn? What is the maximum possible profit margin? Are profit and profit margin maximized at the same point on demand?

Q : By what percentage does the bank-s capital decline

By what percentage do the bank's total assets decline? By what percentage does the bank's capital decline? Which change is larger? Why?

Q : How would you calculate the fica taxes payable

tax rates: State unemployment tax, 5.4%; F.I.C.A. tax, 6% for employees and 8% for employers for any amounts over $100,000; federal unemployment tax, 0.6% . How would you calculate the FICA Taxes Payable.

Q : How much quantity of household change in short run

If the price increases by 10%, by how much does he quantity of household (a) natural gas and (b) electricity change in the short run and in the long run?

Q : What is the profit maximizing price

suppose you have 10 individuals with values $ (1,2,3,4,5,6,7,8,9,10). your Marginal Cost of production is $2.50. What is the profit maximizing price?

Q : Determine whether to raise price bank experimented

To determine whether to raise price, the bank managers experimented with a number of higher prices (in 25 cent increments) at selected ATMs. The marginal cost of an ATM transaction is $0.50.

Q : How much was the real interest rate

If the inflation rate turned out to be 8 percent, how much was the real interest rate? Who gained and who lost from this transaction, and how much because of unexpected inflation?

Q : Find number of sites designed in-house and outsourced

Determine the number of sites designed in-house and outsourced to minimize cost while meeting all necessary constraints. Give the LP Model and use both the graphical method and Excel to find the optimal solution.

Q : Calculate and interpret the own price and cross price

the company utilizes 50 units of advertising, and average consumer income is RM20 000. Calculate and interpret the own price, cross price, and income elasticity of demand.

1931071

Questions
Asked

3,689

Active Tutors

1436877

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: What is the profit maximizing price

Reference No:- TGS045692

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Find the maximum profit the el dorado star can earn

Q : By what percentage does the bank-s capital decline

Q : How would you calculate the fica taxes payable

Q : How much quantity of household change in short run

Q : What is the profit maximizing price

Q : Determine whether to raise price bank experimented

Q : How much was the real interest rate

Q : Find number of sites designed in-house and outsourced

Q : Calculate and interpret the own price and cross price

Examples most appropriate for clinical record entry

Provide an example of patient safety

Briefly describe the social movement

Surgery to remove a kidney and has received chemotherapy

Problem regarding diabetes and moderate dementia

Problem based on practical food safety tips and procedures

What should involve direct oversight from the dns

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: What is the profit maximizing price

Reference No:- TGS045692

Recent Questions Asked Microeconomics

Q : Find the maximum profit the el dorado star can earn

Q : By what percentage does the bank-s capital decline

Q : How would you calculate the fica taxes payable

Q : How much quantity of household change in short run

Q : What is the profit maximizing price

Q : Determine whether to raise price bank experimented

Q : How much was the real interest rate

Q : Find number of sites designed in-house and outsourced

Q : Calculate and interpret the own price and cross price

Asked Questions