A firm is currently producing 40 units of output at this, Ask an Expert

Economics

A firm is currently producing 40 units of output. At this level of output produced:

- Its average total cost is 130 (ATC=130)

- The price per unit of output is 150

-MR=30

MC=50

i. Is this firm making profits or losses? How much?

ii. Are they maximum profits? Why?

iii. If your answer to part ii. was no, what does this firm have to do to maximize its profit?

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M91677978

Have any Question?Write your Review or question?

Related Questions in Business Economics

Please explain what is ssd and does the device driver

Please explain what is SSD? and Does the device driver interface to a disk change dramatically if the disk is a SSD (solid state disk)? Explain why?

The poverty line for a family of 4 in 2011 was around 23k

The poverty line for a family of 4 in 2011 was around 23K. Do you think this is a fair assessment of the poverty line, and Can a family live on 23K without help?

Sally purchases hardwood lumber for a custom

Sally purchases hardwood lumber for a custom furniture-building shop. She uses three suppliers, Northern Hardwoods, Mountain Top, and Spring Valley. Lumber is classi ed as either clear or has defects. Sally estimates tha ...

When a country is closed qconsumed qproduced when a country

When a country is closed, Qconsumed= Qproduced. When a country opens to trade, this condition is not necessarily true; what condition must hold?

Assume that these data are seven random observations taken

Assume that these data are seven random observations taken from a larger population whose values are normally distributed. (even if this assumption makes little sense) Using this assumption, coupled with prior computatio ...

What are your thoughts on grant writing and grant money

What are your thoughts on grant writing and grant money toward purchase? How essential is this practice when looking at gaining money toward purchases?

1 what source of variation is found in an anova summary

1. What source of variation is found in an ANOVA summary table for a within-subjects design that is not in in an ANOVA summary table for a between-subjects design. 2. What happens to this source of variation in a between ...

Why would the australian government debt be consider not

Why would the Australian government debt be consider not too high?

A local postal carrier distributes first-class letters

A local postal carrier distributes first-class letters, advertisements, and magazines. For a certain day, she distributed the following number for each type of item. Delivered to First Class Letters Ads Magazines Home ...

You are given the sample mean and the population standard

You are given the sample mean and the population standard deviation. Use this information to construct the 90% and 95% confidence intervals for the population mean. A random sample of 44 gas grills has a mean price of ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert