Essay Available:
Pages:
1 page/≈275 words
Sources:
1 Source
Style:
APA
Subject:
Mathematics & Economics
Type:
Coursework
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 5.18
Topic:
Economics Quiz Firm Is Making Profit Market Price
Coursework Instructions:
Answer the 3 questions in the quiz
Coursework Sample Content Preview:
Economics Quiz
Author Name
Institution Affiliation
Ї Complete the following table and identify the quantity that maximizes profit.
Quantity
TR
MR
TC
MC
0
0
—
5
—
1
10
10
7
2
2
20
10
15
5
3
30
10
25
10
4
40
10
37
20
2. Answer the following questions.
a. Suppose that a firm is producing where 0 < MR < MC. What would happen to total revenue, total cost, and profit if the firm produced one less unit of output?
Answer: If a firm is producing where 0 < MR < MC, then its marginal revenues are lesser than the marginal costs. It means the firm will be losing profit with every additional unit ...
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:
👀 Other Visitors are Viewing These APA Coursework Samples:
- MATH 107 Coursework Assignment: Show Work for All Problems1 page/≈275 words | No Sources | APA | Mathematics & Economics | Coursework |
- Case Problem: The Warren and Smith Company3 pages/≈825 words | 1 Source | APA | Mathematics & Economics | Coursework |
- Economics Assignment Paper1 page/≈275 words | No Sources | APA | Mathematics & Economics | Coursework |
- Money and Banking Project: Venture into Bonds3 pages/≈825 words | 1 Source | APA | Mathematics & Economics | Coursework |
- Why People Purchase The Things: How Consumers Make Economic Decisions4 pages/≈1100 words | 5 Sources | APA | Mathematics & Economics | Coursework |
- Relational Database2 pages/≈550 words | 1 Source | APA | Mathematics & Economics | Coursework |
- Electricity DC Theory: Series and Parallel Circuits3 pages/≈825 words | No Sources | APA | Mathematics & Economics | Coursework |