Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Management Expert

Management Studies


Home >> Business Management

DISCUSSION QUESTION PART 1: Explain, in your own words, why profit maximization happens at the point where MR = MC, and not where MR is greater than MC. Refer to Figure 7.2. in the textbook. Should the 4th unit of output be sold? What about the 5th unit, 6th unit, 7th unit, 8th unit, 9th, or 10th unit? Use your understanding of MR = MC rule to explain.

DISCUSSION QUESTION PART 2: If you are the manager of a perfectly competitive firm that is making a loss (TR < TC), would you decide to shut it down? Under what circumstances would you decide to operate an unprofitable business?

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M92046188
  • Price:- $20

Priced at Now at $20, Verified Solution

Have any Question?


Related Questions in Business Management

Name a company that addressed a recent ethical problem in a

Name a company that addressed a recent ethical problem in a positive way. Also, explain how or if this positively affects us as a community?

What are some costing and financial strategies for

What are some costing and financial strategies for manufacturing and service companies?

How can the international community and global corporations

How can the international community and global corporations be involved in solving world hunger in India?

Whats your answer about the equilibrium change from an

What's your answer about the equilibrium change from an event which decreases both demand and supply? You don't need to provide graph here. Just describe the curve shifts and how the equilibrium price and equilibrium qua ...

In terms of secondary data analysis what is behavioral

In terms of secondary data analysis, what is "behavioral targeting," and why has it become so important to marketers today? Why is it controversial?

Describe the crawl-walk-run cwr metaphor for leader

Describe the Crawl-walk-run (CWR) metaphor for leader development?

How can five elements of the auburn creed affect the

How can five elements of the auburn creed affect the application of the rational decision-making model?

Suppose that a firm had a production function given by

Suppose that a firm had a production function given by: q=2L0.4K0.8. The rental rate for the firm is $20 and the wage is $15. Solve the optimization condition for K and then fill in the value that appears in front of L.

Who should be involved in the process for making hiring

Who should be involved in the process for making hiring decisions? Should it be the same for all positions within the organization? Why or why not?

What are some costing and financial strategies for

What are some costing and financial strategies for manufacturing and service companies?

  • 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved