What are the keys of the profit maximisation in production, Ask an Expert

Economics

What are the keys of the profit maximisation in production technology?

Profit Maximization in production technology:

a. Producer Behavior

b. Producer’s Optimal Choice

c. Producer’s First-Order Conditions

d. Sufficiency of Producer’s First-Order Condition

e. Properties of Net Supply Functions

f. Weak Axiom of Profit Maximization

g. Recoverability

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9581835

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question - the political and economic system of a country

Question - The political and economic system of a country can significantly impact the ability of a firm to generate profits. Describe the importance of property rights for generating profits. Also, using either the Inde ...

Question net present value 3 points totalthe city of

Question: Net Present Value (3 points total) The city of Corvallis is deciding whether or not to undertake a project to improve the quality ofthe city's drinking water. The project would require an immediate payment of $ ...

Question you are an economist who wants to know how risk of

Question: You are an economist who wants to know how risk of on-the-job injury affects peoples' wages. Studying construction workers (who have a substantial risk exposure), you discover that they earn very little more th ...

Question the marginal utility of the last unit of apples

Question: The marginal utility of the last unit of apples consumed is 12 and the marginal utility of the last unit of bananas consumed is 8. What set of prices for apples and bananas, respectively, would be consistent wi ...

Question a monopolist has two types of customers there are

Question: A monopolist has two types of customers. There are 100 of Type A, who will each pay up to $10 for a single unit of the good, and 50 of Type B, who will each pay up to $8. Neither is willing to purchase addition ...

Question over the next three years a firm is expected to

Question: Over the next three years, a firm is expected to earn economic profits of $120,000 in the first year, $140.000 in the second year, and $1000,000 in the third year. After the end of the third year, the firm will ...

Question details write a paper of 500-750 words that

Question: Details: Write a paper of 500-750 words that explains the relationship between finance and accounting, and how they operate to determine financial viability within a health care organization. Prepare this assig ...

Question watch the video servant leadership - joe schmitt

Question: Watch the video "Servant Leadership - Joe Schmitt." Discuss why this is a good example of leadership through acts of service in terms of the way the actions of the leader demonstrate integrity and personal char ...

Question again our seller starts with demand q 12 - p and

Question: Again our seller starts with demand Q = 12 - P and marginal production costs of $4 per unit. The seller's transaction cost is $1 per unit, and buyers' are $2 per unit. a. Show that profit-maximizing output is 2 ...

Question firm z operating in a perfectly competitive market

Question: Firm Z, operating in a perfectly competitive market, can sell as much or as little as it wants of a good at a price of $16 per unit. Its cost function is C = 50 + 4Q + 2Q^2. The associated marginal cost is MC = ...

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 Microeconomics Expert