Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Macroeconomics Expert

A firm produces 20 units of output at a market price of #5, a marginal cost of $5, and an average cost of $3. what is the firms economic profit and is the firm maiximizing its economic profit. 

Is the formula market price-average cost x quantity 20?

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M998349

Have any Question? 


Related Questions in Macroeconomics

The economy is operating below full employment y0 gt y the

The economy is operating below full employment (Y0 > y* )The government wants bring the economy back to full employment but in the process wants to change the composition of demand toward investment and away from consump ...

Assignment 3 long-term investment decisionsfirst 2

Assignment 3: Long-Term Investment Decisions First 2 assignments attached Assume that the low-calorie frozen, microwavable food company from Assignments 1 and 2 wants to expand and has to make some long-term capital budg ...

Part anbsptracy dave and tony run the only restaurant in

Part A:  Tracy, Dave and Tony run the only restaurant in town which has been doing well due to the mining boom. Tracy wants to sell as much food as possible without losing money. Dave wants the restaurant to bring in as ...

Monetary stimulus in the form of lower interest rates is an

Monetary stimulus in the form of lower interest rates is an alternative to the fiscal stimulus of increased government spending. If a 0.1 point change in interest rates has the stimulus impact of $10 billion in spending, ...

A large country named h is considering an export subsidy to

A large country named H is considering an export subsidy to promote the industry that produces good X. The country's excess supply curve is P=2000+2X. The world's excess demand curve is P=5000-10X. a.) What is the equili ...

Do you agree or disagree with one of the following

Do you agree or disagree with one of the following statements (just need to pick one)? Find an article that supports your claim. Summarize the article and write a short paragraph explaining your opinion. There is no righ ...

As an employee of the world bank you have been asked to

As an employee of the World Bank, you have been asked to research 1 economic concern in an African country and write a report on your findings. Select an African country to research. Select 1 of the following economic co ...

Consider a bertrand oligopoly consisting of four firms that

Consider a Bertrand oligopoly consisting of four firms that produce an identical product at a marginal cost of $120. The inverse market demand for this product is P= 600 - 3Q. a. Determine the equilibrium level of output ...

Assignmenttopic is american revolutionfind two primary

Assignment Topic is American Revolution Find two primary sources (any type for which there is an analysis worksheet) on your chosen topic. There are a number of web sites such as those of the Library of Congress and the ...

Using assignments 1 2 and 3 create a 6-8 slide powerpoint

Using Assignments 1, 2 and 3, create a 6-8 slide PowerPoint presentation in which you: Provide a historical perspective of the policy(why it is important) from Assignment 1. Identify the key official and unofficial actor ...

  • 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

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro